Factors affecting investors' risk tolerance and income demand include investors' age or investment cycle, assets and liabilities, financial changes and trends, net wealth, risk preference and other factors.

The capital market environment factors that affect the risk-return status of various assets and their correlation include international economic situation, domestic economic situation and development trend, inflation, interest rate changes, economic cycle fluctuations, supervision and so on.

Related information introduction:

Under the modern investment management system, investment is generally divided into three stages: planning, implementation and optimal management. Investment planning is asset allocation, which is the most important step in the decision-making process of portfolio management. The understanding of asset allocation must be based on the nature of institutional investors' assets and liabilities.

On this basis, asset management can also use derivative financial products such as futures and options to improve the effect of asset allocation, and can also adopt other strategies to realize the dynamic adjustment of asset allocation. Different configurations have their unique theoretical basis, behavioral characteristics and payment methods, which are suitable for different market environments and customer investment needs.

Refer to the above content: Baidu Encyclopedia-Asset Allocation