Core Viewpoint - The bond market is experiencing a phase of adjustment post-Spring Festival, with rising yields leading to noticeable declines in bond funds, prompting higher challenges for fund managers. However, there are signs of recovery in the bond market, and companies like Guolian Fund are emerging as strong performers in the fixed income space due to their sustainable return capabilities [1][2]. Group 1: Market Performance and Trends - The bond market has seen a significant rise in yields after a strong performance last year, leading to a correction in bond funds [1]. - Guolian Fund's fixed income products have shown impressive absolute returns, ranking 13th out of 93 in the past five years with a return of 18.09%, and 13th out of 62 over seven years with a return of 31.60% [2]. - The company's fixed income assets are projected to grow nearly 42% compared to the end of 2023, indicating market recognition of their sustainable return capabilities [2]. Group 2: Product Strategy and Research - Guolian Fund has developed a comprehensive fixed income product lineup, including 36 bond fund products that cater to various risk-return profiles and investment horizons [3]. - The company has enhanced its research capabilities by expanding its credit analysis models and maintaining a database to track industry dynamics, which aids in managing credit risks and market trends [3][4]. - The integration of research and performance has improved, leading to high-quality research translating into high-quality performance across various products [4]. Group 3: Team and Management - The asset management industry is highly competitive, with talent being a key factor. Guolian Fund emphasizes a blend of experienced and new fund managers to achieve long-term returns [5][6]. - Senior fund manager Pan Wei focuses on absolute return strategies while managing risks through diversified strategies and flexible trading [5]. - The company has a strong team of fund managers, each with unique investment philosophies and expertise in different market conditions, enhancing decision-making and performance [6][7]. Group 4: Future Outlook - The bond market is currently in a recovery phase, with expectations of continued volatility. Guolian Fund's team is closely monitoring economic fundamentals and policy directions to identify investment opportunities [8]. - The company anticipates that the bond market will maintain a fluctuating pattern in the short term, with a focus on high-rated credit bonds that offer attractive spreads [8]. - Overall, the bond market's previous adjustments have released significant risks, presenting favorable conditions for investors [8].