Market Overview - The global markets experienced a general decline, with major indices such as the Nasdaq down by 3.17% and the Shanghai Composite down by 2.07% [1] - Only the Indian Sensex and the Ho Chi Minh Index saw slight increases of 1.69% and 4.95% respectively, while gold prices also fell [1] Investment Strategies - The "Rui Ding Tou Global Version" portfolio showed a year-to-date return of 16.79%, despite a recent minor decline due to short-term corrections in the US stock market [6] - Over the past three years, the portfolio's returns were 13.13% for 2023, 7.87% for 2024, and higher for the current year, highlighting the benefits of global diversification [6] - The "Lazy Balanced" portfolio, which includes bonds, experienced a smaller drawdown with a return of approximately 12.46% this year, indicating strong volatility resistance [10] Market Sentiment and Future Outlook - The current market downturn is viewed as a technical correction following a strong performance, rather than a sign of systemic weakness [2] - The focus for the upcoming period should be on the earnings performance of leading companies, as this will drive market momentum [14][21] - The valuation of US stocks has decreased to below 60%, suggesting potential for further declines if the market continues to adjust [14] Portfolio Performance Metrics - The "Rui Ding Tou Global Version" portfolio has a cumulative return of +439.72% since inception, with a maximum drawdown of -35.21% and an annualized volatility of 18.18% [12] - The "Lazy Balanced" portfolio has a cumulative return of +8.50% since inception, with a maximum drawdown of -27.45% and an annualized volatility of 10.96% [14] - The "Small Helper Dividend" portfolio focuses on high-dividend funds, achieving a cumulative return of +366.07% [17] Investment Recommendations - The current market conditions suggest that it is a suitable time for regular investment in diversified portfolios, particularly those with a focus on dividend-paying assets [18][21] - The "Small Helper Hang Seng Stock Connect" portfolio remains resilient despite external market pressures, indicating a stable investment opportunity [20]

Core Viewpoint - The global market showed significant divergence last week, with A-shares continuing to rebound while US, Japanese, and Vietnamese markets experienced declines. Bonds remained stable, and gold emerged as a strong safe-haven asset, highlighting the advantages of a global allocation strategy that seeks steady progress amidst short-term volatility [1][2][3]. Market Performance Summary - A-shares (CSI 300) increased by 0.90%, while the Hang Seng Index rose by 1.88%. In contrast, the US Nasdaq 100 fell by 1.39%, Japan's Nikkei 225 dropped by 2.86%, and Vietnam's Ho Chi Minh Index decreased by 2.25%. The overall bond market remained stable, with Chinese bonds nearly flat and US bonds experiencing a slight decline. Gold prices rose approximately 1.6%, marking it as one of the few standout assets [1][2]. Global Allocation Strategy - The global allocation strategy demonstrated resilience, with a year-to-date cumulative return of 19.43%, achieving positive growth for the third consecutive year. The returns for 2023 and 2024 are projected at 13.13% and 7.87%, respectively, showcasing the compounding advantages of global allocation [6]. Balanced Investment Approach - The "Lazy Balanced" investment strategy yielded a return of 14.01% this year, exhibiting smoother performance and stronger resistance to volatility compared to last year's 5.13% return. The bond component, despite a brief decline, quickly recovered, providing a reliable foundation for the portfolio [10]. Investment Combinations - The company launched five investment combinations this week, reflecting a strategic approach to market conditions. The "Lazy Balanced" combination currently has an equity position of around 57%, allowing for sufficient capacity to capitalize on potential market corrections [16][19].

Global Market Performance - The global market shows increasing divergence, with US stocks and Indian markets leading the performance [1][3] - The A-share market has shown a decline of 1.21%, while the Indian Sensex30 has increased by 2.47% [1] - Vietnam's stock market experienced a significant drop of 7.29%, which was proactively avoided in asset allocation [1] Investment Strategies - The "Rui Ding Tou Global Version" portfolio achieved a return of 0.87% last week, bringing its total return since 2025 to 18.57% [6] - The portfolio's consistent positive returns over three years highlight the robustness and foresight of the global allocation strategy [6] - The strategy capitalizes on structural opportunities in AI-related assets, demonstrating a diversified global approach [6] Performance of Investment Combinations - The "Lazy Balanced Combination" recorded a return of 0.92% last week, with a year-to-date return of 12.87%, marking a historical high [11] - The "Rui Ding Tou Global Version" is designed for investors seeking higher returns with a tolerance for volatility, while the "Lazy Balanced Combination" is aimed at those preferring stability [12][15] - The difference in returns between the two combinations is approximately 18% versus 12%, catering to different investor profiles [12] Market Trends and Future Outlook - The overall market logic is characterized by a liquidity-driven structural differentiation [2] - The US stock market continues to show resilience despite geopolitical tensions and economic uncertainties [17] - The upcoming "Fourteenth Five-Year Plan" is expected to introduce measures to consolidate economic growth, which may positively impact the A-share market [17]

Core Viewpoint - The global market continues to exhibit a "strong stocks, weak bonds" pattern, with stock markets generally rising while bonds and gold are under pressure [1][3]. Weekly Market Review - Global stock markets saw widespread increases, with notable performances from Japan and A-shares. The Shanghai Composite Index and CSI 300 rose by 2.84%, while the Hang Seng Index increased by 1.08% [2][4]. - Non-equity assets faced downward pressure, with the overall bond market declining by 0.56% and U.S. 20-year+ Treasury bonds falling by 1.12% [4][6]. Performance of Investment Portfolios - The "Rui Ding Tou Global Version" portfolio reached a new high, with a year-to-date return of 11.19%. The portfolio has shown consistent performance, with returns of 13.13% in 2023 and 7.87% in 2024 [6]. - The "Lazy Balanced" portfolio increased by 0.53% this week, achieving a cumulative return of 7.80% year-to-date. The portfolio aims for an 8% return by year-end [9]. - The "Peace of Mind Bond" portfolio decreased by 0.42% this week, with a year-to-date return of only 0.58%. This portfolio is designed for defensive positioning and aims to mitigate significant losses during market downturns [12]. Future Outlook - The company remains cautious about future market conditions, aiming to maintain existing gains and avoid missing out on opportunities. The target is to secure a return of over 10% for the year [6][9].