Core Viewpoint - The article emphasizes the evolution of multi-asset allocation strategies among investors, highlighting the shift from single-market investments to diversified cross-border investments to reduce reliance on any single market and pursue richer sources of returns [2][3]. Group 1: Cross-Border Investment Team - The cross-border investment team at China Merchants Bank has successfully navigated several overseas risk events by proactive positioning, maintaining net value stability through precise timing in U.S. Treasury transactions and adjustments in response to credit defaults [3][4]. - The team has a management scale exceeding 90 billion yuan, with a diverse product line that includes cross-border RMB fixed income and structured products [5][11]. Group 2: Investment Strategy and Research - The team employs a multi-faceted research approach, analyzing macroeconomic trends, interest rates, and asset allocation logic to inform investment decisions [6][12]. - The team has developed a "global economic cycle matrix" to track key factors such as growth, inflation, and policy across major economies, which aids in understanding market dynamics [25][27]. Group 3: Product Offerings and Risk Management - The cross-border investment department offers a diverse range of products categorized by currency, underlying strategy, risk level, and product opening period, catering to various investor preferences [20][21]. - The department emphasizes the importance of risk management, employing both subjective judgment and mechanized hedging strategies to protect against extreme risks [33][34]. Group 4: Market Awareness and Adaptability - The team recognizes the necessity of understanding the complexities of cross-border investments, including currency risks and market differences, to avoid hidden barriers for ordinary investors [35][36]. - Continuous monitoring of global market conditions and proactive adjustments to investment strategies are crucial for navigating uncertainties in the international landscape [39][40].