Core Insights - The core viewpoint emphasizes that achieving superior returns for clients in fixed income plus investments requires extreme precision and proactive management [1][4][25] - The integration of subjective and quantitative research within the investment process is highlighted as a key driver of success [4][11][25] Group 1: Investment Strategy - The company believes that the choice of asset allocation is crucial for success in fixed income plus investments, with a focus on controlling volatility before pursuing returns [1][10] - The "万象系统" (Wànxiàng System) serves as a digital brain for fixed income plus investments, aiding in asset allocation, stock-bond timing, and sector rotation [5][7] - The system allows for cross-asset comparisons and provides signals for risk management, enhancing decision-making processes [8][9] Group 2: Performance Metrics - The fund "永赢添添悦" (Yongying Tiantian Yue) experienced a dramatic increase in assets under management, growing from 0.58 billion to 93.15 billion yuan, a nearly 160-fold increase [1][3] - As of May 31, the fund achieved a return exceeding 10% over two years while maintaining a maximum drawdown of only 0.9%, ranking in the top 9% of its category [1][4] Group 3: Research and Development - The company has developed multiple interconnected systems to support its investment research, including the "天玑" (Tianji) equity research system and the "牵星" (Qianxing) fixed income research system [11][12] - The integration of research and investment teams fosters collaboration and enhances the quality of investment decisions [12][25] Group 4: User-Centric Approach - The company has created a diverse product line that caters to different client needs, offering solutions that match varying risk appetites [21][24] - The growth in fixed income plus assets, reaching 347.1 billion yuan, reflects the company's commitment to providing high-quality investment experiences [24][25] Group 5: Future Outlook - The company aims to continue building a robust, integrated investment research platform that aligns with market trends and client expectations [25] - The focus on low-volatility, high-quality investment products is in line with industry trends advocating for stable, asset allocation-based products [25]