"Fixed income +" fund performance strengthens, highlighting the importance of asset allocation strategy.

Since the beginning of this year, "fixed income +" funds have received widespread attention and recognition in the market, with some public fund companies achieving overtaking through "fixed income +" funds. Recently, Yan Yicheng, the deputy general manager of the fixed income department of China Post Venture Fund Management Co., Ltd., stated that in a volatile environment of interest rate fluctuations and equity market fluctuations, the balanced characteristics of "fixed income +" funds help diversify investment risks and enhance the overall stability of portfolios, which is also a key driver of the growth of fund companies. By the end of last year, the company managed a public fund size of 61.9 billion yuan, with fixed-income products accounting for over 70%, and "fixed income +" products making a significant contribution. The advantage of the products is highlighted in the current environment of declining interest rates and market volatility, as investors are increasingly focusing on stable asset appreciation. "Fixed income +" funds have become an important choice for investors in asset allocation. Yan Yicheng said that adjusting the asset allocation in the "fixed income +" strategy is crucial. In the fixed income part, considering the low but still unfavourable bond yield, it is best to adopt a strategy of low position and low duration. At the same time, it is necessary to closely monitor macroeconomic data and the direction of monetary policy. When economic data improves and expectations of tightening monetary policy increase, long duration should be appropriately reduced to reduce interest rate risk; conversely, duration can be moderately increased to increase bond asset returns. In credit bond investments, it is important to strictly select bonds with good credit quality to avoid credit risks. In terms of equity asset allocation, Yan Yicheng believes that the strategy should focus on balanced allocation, using a "stock dividends + growth" dumbbell strategy. Stocks with dividends have stable dividend income, which can act as a stabilizer during market fluctuations; growth assets can capture investment opportunities in the process of economic transformation and industrial upgrading.