想了解组合的朋友，欢迎联系助理咨询 一周行情复盘 整体偏平稳 从短期看，市场来回波动、节奏反复，很难每一步都踩准；但拉长周期看，全球配置的优势就在于，它并不依赖单一市场的判断，而是通过分散和节奏管 理，把不确定性慢慢熨平。 组合的收益，更多来自时间和纪律，而不是对某一次行情的精准预测。 如果你一直纠结"现在算不算好时点"，那大可不必。组合本身就是通过分批投入、长期执行来运转的，低点未必能等到，但风险已经在过程中被不断拆 解。真正拉开差距的，从来不是入场那一刻，而是能不能持续走完这一段路。 最近这段时间，组合的运行状态，其实再次印证了一件事：只要把结构搭对，过程一定不会完美，但方向往往是对的。 | | | 涨跌幅 | | 涨跌幅 | | --- | --- | --- | --- | --- | | Ａ服 | 沪深300 | 0.60% | 中债新综合全价 | 0.00% | | 红利 | 中证红利 | 0.79% | 美国20年+国债 | 0.79% | | 港股 | 恒生科技 | -0.79% | 上海金 | 0.79% | | 美国 | 纳指100 | 0.25% | | | | 德国 | 德国DAX | ...

Core Viewpoint - The global markets faced pressure last week, leading to a general decline, but the investment portfolio maintained a controlled drop, ensuring a stable long-term return structure [1]. Market Summary - Major markets experienced a downturn, with A-shares falling by 3.26%, Hong Kong stocks down by 2.53%, and significant declines in Germany and Japan. The US market saw a slight increase of 0.3% [2]. - The overall market sentiment was weak, with various asset classes, including gold and government bonds, also experiencing declines [2]. Portfolio Performance - The investment strategy demonstrated resilience, with the "Rui Ding Tou Global Version" only declining by 0.51% during a week of significant A-share adjustments, maintaining a year-to-date return of 16.19% [7]. - Historical performance indicates that the portfolio achieved a return of 13.13% in 2023 and is projected to yield 7.87% in 2024, showcasing the long-term advantages of global diversification [7]. Investment Strategies - The "Lazy Balanced" strategy exhibited stability with a decline of 0.6% last week, yet it has achieved a return of 11.78% since 2025, reflecting its robust performance during market volatility due to a higher bond allocation [11]. - This strategy is recommended for investors seeking to reduce volatility and pursue long-term steady growth, complementing the global version for a more balanced risk structure [11]. Future Outlook - The market is expected to experience wide fluctuations, and investors are advised to avoid chasing trends. The recent rebound in the Nasdaq indicates potential recovery opportunities [14]. - The investment team plans to continue optimizing asset allocation to deliver stable and sustainable returns in the future [27].