Core Viewpoint - The article emphasizes the importance of pension finance in the context of national efforts to build a pension security system, highlighting Tianhong Fund's commitment to enhancing investment research capabilities and developing a diverse product system to meet pension needs [1][5]. Group 1: Investment Research and Management - Tianhong Fund focuses on building a platform-oriented and intelligent investment research capability to ensure the long-term and stable nature of pension funds, which requires high investment management skills [2]. - The company has developed a large asset allocation system for pension investments, creating a framework for dynamic asset allocation decisions based on risk exposure and return targets [3]. - The integration of a comprehensive research platform (TIRD) allows for efficient decision-making by combining macro research, industry comparisons, and quantitative models, which is crucial for managing long-term pension investments [3][4]. Group 2: Professional Investment Team - Tianhong Fund has established a multidisciplinary pension investment team, ensuring effective collaboration and specialization in areas such as macro research and quantitative analysis [4]. - The team is preparing for potential expansions in pension investment areas, including REITs, commodities, and overseas assets, to diversify risks and enhance portfolio resilience [4]. Group 3: Product Development - The company has created a comprehensive product matrix tailored to various investor needs, offering solutions from the accumulation phase to the withdrawal phase of retirement [5][6]. - Tianhong Fund's early initiatives in pension products, such as the Tianhong Ankang Yiyang Mixed Fund launched in 2012, have gained significant popularity, with over 600,000 holders by June 2025 [5][6]. - As of September 2025, the company has developed 13 Y-share products, including target risk and target date funds, catering to different investor preferences [6]. Group 4: Synergy Between Research and Products - The synergy between investment research and product development is highlighted as essential for effective strategy execution and risk management, with clear product positioning guiding research efforts [8]. - Tianhong Fund actively contributes to industry discussions on pension investment management, aiming to enhance the overall pension investment ecosystem [8].