Core Viewpoint - The investment landscape is shifting towards "low-volatility fixed income +" products, which combine bonds as a stable base with a small allocation to equities for enhanced returns, appealing to investors seeking stability with some growth potential [1][2][3] Market Trends - The yield on pure bond products has been declining, with medium to long-term pure bond funds averaging only 0.34% returns this year, while short-term pure bond funds are at 0.91% [2] - In contrast, "equity-inclusive" fixed income products have performed well, with secondary bond funds averaging a 4.7% increase, mixed bond funds at 5.62%, and convertible bond funds soaring by 18.98% [2] Product Features - The newly launched "Fuguo Stable Growth Bond Fund" emphasizes a strategy of 80% bond allocation and 20% equity to balance stability and growth [5] - The bond portion focuses on short to medium duration, high-grade credit bonds to minimize risk, while the equity portion targets undervalued blue-chip stocks with high dividend yields [5][6] - The fund incorporates a flexible "toolkit" allowing for ETF investments to capitalize on short-term opportunities in high-volatility sectors [6] Risk Management - The fund employs a three-tiered risk control mechanism, including valuation control, dynamic rebalancing, and individual stock monitoring to mitigate potential losses [8] Management Expertise - The fund is managed by Zhu Chenjie, who has 12 years of experience and a strong track record in various bond fund categories, enhancing the fund's credibility [9][12] Target Audience - The fund is suitable for investors with cash savings seeking better returns than traditional savings accounts, those wary of stock market volatility, and individuals looking for a stable asset allocation tool [13]

Core Viewpoint - The article highlights the significant shift in residents' financial management patterns due to economic growth and declining interest rates, leading to an increased demand for investment products with better yield potential [1] Group 1: Market Trends - As of August, non-bank deposits have increased by 5.87 trillion yuan this year, accounting for 28.63% of the total increase in RMB deposits during the same period, indicating a trend of "deposit migration" in a low-interest environment [1] - The "fixed income +" product category has seen steady growth, reaching a total scale of 1.73 trillion yuan by the end of Q2, reflecting a growing interest among investors to participate in the market through these products [1] Group 2: Product Features - The newly launched Fuguo Stable and Prosperous Bond Fund is positioned as a low-volatility "fixed income +" product, utilizing a strategy of "pure bond foundation with enhanced rights assets" to capture elastic returns while controlling drawdown [2] - The fund aims to allocate no less than 80% of its assets to bonds, focusing on medium-term, high-credit-quality varieties to ensure stable returns while managing credit risk and duration volatility [2] - In equity investments, the fund emphasizes selecting undervalued blue-chip stocks with stable dividends and good shareholder returns, and it can also utilize the Hong Kong Stock Connect mechanism to invest in scarce Hong Kong stocks [2] Group 3: Risk Management - The fund has established a three-tiered drawdown control mechanism, which includes cautious valuation of high-priced assets, rebalancing across major asset classes to reduce volatility, and bottom-up tracking of individual securities to respond to potential risks [3] Group 4: Management Expertise - The fund manager, Zhu Chenjie, has 12 years of experience in the securities industry and 8 years in investment management, with a diverse skill set in managing various types of bond funds and a strong focus on asset allocation [4] - Zhu's investment philosophy emphasizes stability, focusing on selecting cost-effective assets and long-term competitive trends while downplaying short-term momentum trading [4] - The fund aims to create stable returns for investors through meticulous asset allocation and strict risk control in a complex market environment [4] Group 5: Company Background - Fuguo Fund, as one of the "old ten" fund companies, has extensive experience in fixed income investment, offering a range of bond products and a robust credit evaluation and risk control system to support product operations [5] - The launch of the Fuguo Stable and Prosperous Bond Fund aims to provide investors with a tool that balances stability and yield in a low-interest-rate environment, helping them navigate market challenges [5]