鹏华双债加利A

Search documents
鹏华固收多策略多风格固收+全面绽放,鹏华双债加利A年内净值超17%
Xin Lang Ji Jin· 2025-10-09 09:21
分析人士指出,"固收+"基金规模增长得益于多重因素共同推动:其一,在低利率背景下,投资者寻求 能够提供收益增强的替代方案,"固收+"基金通过配置少量权益资产力争增厚回报;其二,基金公司不 断优化资产配置策略,提升风险控制能力,产品线日趋多样化,以满足投资者多元配置需求;其三,经 过多年发展,投资者对"固收+"基金的认知更为理性,需求匹配度持续深化。 中金公司统计"固收+"产品管理规模前二十基金公司发现,截至2025年6月30日,各家公司在管"固收 +"规模均超300亿元,其中鹏华基金旗下"固收+"产品规模达到616亿元,位列同业第十。 作为业内固收大厂,鹏华固收团队以"策略标签化、风格细分化"为核心,打造了覆盖超低波、低波、中 波、高波等不同风险收益特征的多风格、多策略产品线,形成"科技+周期+转债风格"、"均衡风格"、科 技+制造成长"、"转债增强"、"绝对收益"、"可转债主题"等多元风格。 多元策略动能释放,鹏华13只"固收+"前三季业绩超5% 从今年前三季业绩看,据银河证券数据,鹏华固收旗下13只"固收+"基金净值增长率超5%,积极把握市 场机会,展现出良好的收益弹性。 低波与中低波"固收+"产品是稳健 ...
鹏华基金王石千:债市震荡中存阶段机会,利率低位支撑配置价值
Zhong Guo Jing Ji Wang· 2025-09-22 01:29
Core Viewpoint - The A-share market has shown strength after a period of high volatility, with all three major indices achieving weekly gains, particularly the ChiNext Index, which has returned above 3000 points for the first time in over three years. This market recovery has led to several "fixed income +" funds reaching historical net asset value highs, indicating a potential for continued structural market trends that will test the asset allocation and stock-picking abilities of these funds [1]. Group 1: Fund Performance and Strategy - Wang Shiqian, a fund manager at Penghua Fund, specializes in multi-asset investment and has successfully managed several benchmark "fixed income +" products, including Penghua Shuangzhai Jiali A, which reached a new high net value of 2.3314 yuan on September 17 [1]. - The "fixed income +" products managed by Wang Shiqian exhibit a high degree of diversification and clear strategic positioning, with total assets under management exceeding 22 billion yuan as of the latest semi-annual report [2]. - The Penghua Shuangzhai Jiali fund has achieved a year-to-date net value growth rate of 16.27% and a growth rate of 10.55% in 2024, benefiting from a strategy that combines technology and cyclical investments with convertible bonds [2]. Group 2: Market Insights and Trends - The bond market is currently experiencing a weak performance due to rising risk appetite and slight redemptions from bond funds, with expectations of continued volatility in the bond market [4]. - The stock market is in a bullish phase, driven primarily by the rise of the artificial intelligence industry, with potential short-term adjustments providing good buying opportunities [5]. - The convertible bond market has stabilized recently, with supply-demand dynamics suggesting that valuations may remain high, potentially supported by upward movements in the stock market [6].
精准适配投资者,鹏华多元资产部构建全谱系″固收+″产品线
Sou Hu Cai Jing· 2025-08-12 16:05
Core Insights - The recent recovery in the equity market has led to impressive performance of "fixed income +" products, with a median yield of 1.21% for these funds in Q2 2025 [1] - "Fixed income +" funds have shown a significant overweight in the technology sector, exceeding the allocation by 5.7 percentage points, while underweighting consumer and financial stocks [1] - The distribution of convertible bonds indicates a notable overweight in financial convertible bonds, with an allocation exceeding by 10.1 percentage points [1] - Industry experts believe that the value of "fixed income +" funds will become more pronounced in the second half of the year, suggesting investors consider these products based on their risk preferences and the capabilities of fund managers [1] Fund Manager Insights - Wang Shiqian, the manager of "fixed income +" products at Penghua Fund, has a strong track record with multiple five-star rated funds, focusing on enhancing portfolio returns through equity and convertible bond investments [5] - The Penghua Fengli A fund, a low-volatility "fixed income +" product, has a convertible bond allocation of 10-35% and has maintained a maximum drawdown of under 2% since 2022 [5] - Penghua Changxiang A, another low-volatility fund, employs a unique strategy combining bonds and a focus on the Sci-Tech 100 index, with a maximum drawdown of 1.75% since inception [6] - Penghua Shuangzhai Jiali A, a medium-volatility fund, has a stock allocation of 10-20% and a convertible bond allocation of 10-50%, achieving a maximum drawdown of 6.77% during the 2022 bear market [6] - Penghua Convertible Bond A, a high-volatility fund, has a stock allocation of 15-20% and a convertible bond allocation of 80-85%, ranking 3rd out of 22 in net value growth among convertible bond funds over the past seven years [7] Market Outlook - Both Wang Shiqian and Fang Chang have increased their allocation to technology growth sectors this year, maintaining a positive outlook for this area [10] - The Penghua Changxiang fund has a stock allocation of 9.15%, with several technology stocks among its top ten holdings, reflecting Wang Shiqian's long-term optimism for the tech sector [10] - Fang Chang anticipates a favorable investment environment in the stock market due to overall liquidity and a recovering macroeconomic backdrop, with a focus on dividend assets and technology growth opportunities [10]