1. Wanjiaruilong mainly invests in financial instruments with good liquidity. Including stocks (including main board, small and medium-sized board, Growth Enterprise Market and other stocks and depositary receipts approved by China Securities Regulatory Commission), stock index futures, treasury bonds futures, stock options, warrants, bonds (including treasury bonds, financial bonds, central bank bills, local government bonds, corporate bonds, corporate bonds, exchangeable corporate bonds, convertible corporate bonds (including convertible bonds), private placement bond of small and medium-sized enterprises, medium-term notes and bonds. Ultra-short-term financing bonds, subordinated debts, etc. ), asset-backed securities, bond repurchase, bank deposits, interbank certificates of deposit, money market instruments and other financial instruments as well as laws and regulations or other financial instruments allowed by the China Securities Regulatory Commission to invest in the fund (subject to the relevant provisions of the China Securities Regulatory Commission).
Second, asset allocation strategy.
On the basis of fully studying the macro-market situation and micro-market players, fund managers adopt proactive investment management strategies, and through qualitative and quantitative analysis, evaluate the factors that affect the prices of fixed-income investment products, such as the changing trend of interest rates, the moving direction of bond yield curves, and credit spreads. Use different investment strategies for different investment varieties, make full use of market inefficiency and seize various arbitrage opportunities. Under the premise of controllable credit risk, seek the best ratio of portfolio liquidity and income, and strive to continuously obtain income that meets or exceeds the performance comparison benchmark.
Third, investment standards.
Stock investment accounts for 60%-95% of the fund assets. Among them, the market value of all warrants held by the Fund does not exceed 3% of the net asset value of the Fund; At the end of each trading day, after deducting the trading margin required for stock index futures, treasury bonds futures and stock option contracts, the Fund will maintain cash of not less than 5% of the Fund's net asset value (excluding settlement reserve, margin, subscription receivable, etc.). ) or government bonds due within one year; The investment proportion of financial instruments such as stock index futures, treasury bonds futures, stock options, warrants, etc. complies with laws and regulations and the provisions of regulatory agencies.
Fourth, the characteristics of risks and benefits.
This fund is a hybrid fund with higher risk than money market funds and bond funds, but lower risk than equity funds.