This product focuses on domestic fixed-income products, takes domestic equity products, overseas fixed-income products and overseas equity products as satellites, adopts the strategy of cost protection, tries to control downside risks and portfolio fluctuations, and realizes the long-term preservation and appreciation of product assets through portfolio allocation among different asset types and investment styles in different market cycles. The details are as follows: the investment ratio of fixed income assets such as domestic bank deposits, money market instruments, bond products and quasi-bond products is 50%-100% of the net asset value of the products; The investment ratio of non-fixed income assets and QDII portfolio products such as public offering funds, brokerage collective plans, sunshine private placement and special account products in China is 0-30% of the net asset value of the products.
This product does not directly invest in the secondary stock market or new shares. The unexpired balance of this product repurchase transaction shall not exceed 40% of the net asset value of the product.
1. Money market instruments: including bond repurchase, lending and money market funds. This product can be managed by bond repurchase and capital integration.
2. Bond products: including government bonds, financial bonds, central bank bills, corporate bonds, corporate bonds, subordinated bonds, convertible bonds (including separately traded convertible bonds), short-term financing bonds, asset-backed securities, bond repurchase and other bond market financial instruments that China Banking Regulatory Commission allows investment in wealth management products. The open market debt rating of domestic bonds invested in this product shall not be lower than AA.
3. Quasi-bond products: refers to the creditor's rights with the characteristics of fixed income and return through trust companies, securities companies, fund companies, insurance companies and other ways that conform to national laws and regulations.
4. Derivatives: including interest rate derivatives such as interest rate swaps and credit derivatives such as credit default swaps. The purpose of this product's investment in derivatives is limited to hedging purposes, in which credit default swaps can only be used as credit protection buyers.
5.QDII portfolio products: including QDII Public Offering of Fund or special account products managed by domestic Public Offering of Fund management companies and Public Offering of Fund or special account products managed by famous overseas asset management institutions. The investment scope includes government bonds, inflation-linked bonds, corporate bonds, stocks, gold ETFs and oil ETFs.