Core Insights - The article emphasizes the importance of diversified asset allocation strategies in navigating market volatility and achieving stable investment returns over the long term [1][2][3] Group 1: Market Context - The rise of diversified asset solutions post-2008 financial crisis addresses three core investor pain points: the quest for yield in a low-interest environment, high asset price volatility, and frequent economic cycles [1] - The classic 60/40 stock-bond portfolio has achieved positive returns in 27 out of 36 years since 1990, with a 75% annual positive return rate, supporting the notion that asset allocation is the "only free lunch" in investing [1] Group 2: Company Strategy - Morgan Asset Management's global multi-asset product line has surpassed 3 trillion RMB, reflecting its commitment to long-term investment strategies that go beyond short-term speculation [2] - The company integrates global perspectives with local insights, utilizing over 1,300 investment experts across more than 70 locations to analyze market trends [2] Group 3: Product Innovations - Morgan Asset Management is launching the Morgan CSI A50 ETF in 2024, which will feature a mandatory quarterly dividend mechanism, contributing to a trend of increased dividends in broad-based ETFs [3] - The firm has introduced a range of Fund of Funds (FOF) products aimed at providing stable returns through diversified asset allocation, enhancing the overall investment experience for clients [3]

Core Viewpoint - The article emphasizes the importance of diversified asset allocation as a strategy to navigate market volatility and achieve stable returns over the long term, highlighting that asset allocation has become a necessary approach in investment rather than an optional one [1][2]. Group 1: Asset Allocation Strategy - The classic 60/40 stock-bond portfolio has achieved positive returns in 27 out of 36 years since 1990, with a 75% annual positive return rate, supporting the notion that asset allocation is the "only free lunch" in investing [1]. - Asset allocation is compared to a balanced diet, where stocks represent "protein," bonds represent "carbohydrates," and commodities like gold serve as "vitamins," indicating that a scientifically balanced approach leads to true wealth health [1]. Group 2: Morgan Asset Management's Approach - Morgan Asset Management has a global multi-asset allocation product line exceeding 3 trillion RMB, emphasizing the responsibility to manage client funds with a long-term perspective rather than short-term speculation [2]. - The firm integrates global insights with local expertise, utilizing over 1,300 investment professionals across more than 70 locations worldwide to analyze market trends and provide timely insights [2]. Group 3: Innovations in Investment Products - Morgan Asset Management is launching the Morgan CSI A50 ETF in 2024, which will feature a mandatory quarterly dividend mechanism, contributing to a trend of dividend distribution among broad-based ETFs [3]. - The firm has introduced a range of Fund of Funds (FOF) products aimed at providing stable returns through diversified asset allocation, enhancing the investment experience for clients [3].