1. The change of investment scope and investment strategy of Wanjiaruilong may conflict with the investors' own investment objectives, such as Wangong (16 1903, Fund) business, which is no longer concentrated in the public sector after the transformation, is no longer applicable to the fund as an industrial asset allocation tool for investors; On the other hand, the risk characteristics of funds may change before and after the transition. For example, Shen Wanling's new victory has strengthened its configuration. In the past, absolute return was the investment target, and most of its historical stock positions were below 10%. After the transformation, it was changed to the Shanghai and Shenzhen 300 Enhanced Fund, and the stock position was at least 80%. After the transition, the risk tolerance of the original holders may not match the new fund, and a second prudent risk review is needed.
2. In the process of the current market rise, investors should give priority to choosing large-scale index funds, so as to avoid large-scale subscription and redemption, because investors' investment in index funds has negative effects, such as Harvest CSI 300 Index Fund, which is close to the end of the first quarter of 40 billion years, while some index funds are only about 1 billion, and the former is obviously more resistant to redemption shocks. For the next stage of strategy, we maintain our previous views. For investors with strong risk tolerance, they can continue to invest in high funds, including index funds, stock funds and hybrid funds. Although the international financial market faces certain uncertainties during the long holiday, judging from the attitude of domestic management and recent market trends, there is still room for further increase in the post-holiday stock index.
3. In the third quarter, the A-share structure was clearly differentiated. Under the influence of the intensification of Sino-US scientific and technological friction, the semiconductor and autonomous controllable sectors have been greatly adjusted. Military industry, agriculture, securities and other sectors are repeatedly active under the impetus of theme activities. Photovoltaic and new energy vehicle sectors benefited from the high prosperity of the industry and performed well. The overall performance of the blue chip white horse is also better. Many companies' share prices hit new highs, and the fund structure did not change much. They slightly reduced their holdings in the logistics industry and increased their holdings in the automobile and industrial control industries. As of the end of the third quarter, the fund style has partially increased.
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 price of fixed-income investment products, such as interest rate change trend, bond yield curve moving direction and credit spread. 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.