In the past six months, although the stock market was volatile, thanks to the rational allocation of equity and debt assets, under the leadership of Li Yiwen, Jingshun Great Wall mixed assets Investment Department ushered in a bumper harvest.
Among the partial debt mixed funds, Huacheng has risen steadily by 10% in the past six months.Megapoker.96%, Anying return increased by 10.50%. In addition, Anze return, Anrui, Anding and Anyi also got.MegapokerWith returns of 8.97%, 7.96% and 6.90%, net worth reached new highs one after another. (source: Wind, as of 2024.5.9, it is counted as the performance of Class A funds, and the benchmark returns for the same period are 3.73%, 3.73%, 3.84%, 3.73%, 3.73%, 3.84%, respectively)
Although the equity position of the secondary debt base, which is well known to us in the name of "fixed income +", does not exceed 20%, Jingyi and Jingsheng double interest have also achieved eye-catching performance of 8.4% and 7.58% respectively in the past six months. (source: Wind, as of 2024.5.9, benchmark yield for the same period 3.73%, 3.94%)
In the longer term, excellent performance and lower pullback performance can be described as steady progress. In the past two years, the net return growth rates of Huacheng robust and Enying were 16.31% and 17.23% respectively, and the double interest rates of Jingyi and Jingsheng also reached 14.33% and 12.68%, respectively. The maximum withdrawal was controlled at-4.90%,-5.84%,-2.71% and-2.70% respectively, which were better than the maximum withdrawal levels of partial debt mixed fund index and secondary debt base index in the same period (- 6.73%,-5.79%) (source: Wind, up to 2024.5.9, the maximum withdrawal was-4.49%,-4.17%,-4.89% respectively. -0.85%,-6.30%,-4.68%,-6.30%, 0.19%,-1.94%,-2.71%,-2.09%, 0.90%,-1.83%,-1.20%,-2.70%,-2.18%,-3.44%)
Taking bonds as the main part to control the volatility of the portfolio at a low level, while thickening the income through equity assets, and strive to cross the cycle, which is the ideal goal of partial debt mixed with secondary debt-based product design. However, the sharp fluctuations in the stock market in recent years have made it extremely difficult to achieve such a goal, and fund products that have really achieved steady progress appear to be particularly scarce. If you want to add to the fixed income, the ability to invest in bonds, stocks and the ability to allocate large categories of assets are indispensable.
Most of the partial debt and secondary debt managed by Jingshun Great Wall mixed Asset Investment Department are jointly managed by two fund managers, one fund manager is responsible for bond and large-class asset allocation, and the other fund manager is responsible for individual stock selection. Large-category asset allocation is one of Li Yiwen's core advantages. Li Yiwen, a graduate of the University of Chicago, has 18 years of experience and 12.4 years of investment experience. He is good at top-down asset allocation, switching freely between bonds and stocks. In the equity position part, in addition to the fund managers of the stock investment department, the department introduced Zou Lihu, who invested in weekly stocks and commodities, in 2021 to enhance the department's stock investment capacity. Thanks to Zou Lihu's stock selection ability last week, the equity investment part of the aforementioned partial debt mix and secondary debt base has better grasped the market of this round of cyclical stocks in recent quarters.
It is understood that the mixed Asset Investment Department of Jingshun Great Wall Fund currently has 7 people, and the product line covers a total of 22 secondary debt bases, partial debt mixed funds, and flexible allocation public offering funds. by the end of 2023, the scale has reached 44.5 billion yuan. (source: periodic report of the Fund) in the past five and ten years, the absolute rate of return of active fixed income investment of Jingshun Great Wall ranked second and third among medium-sized companies in the fixed income category, respectively.
Li Yiwen said that stocks and debt assets are often negatively correlated, through a reasonable allocation of large categories of assets is expected to span the cycle. In the future, we will continue to do a good job in fixed income + and other products, and strive to enable more ordinary investors to bring a better profit experience.
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