In recent years, the money fund products headed by Yu 'ebao have been more and more welcomed by the public investors, and the influence of Southern Cash Connect E is getting lower and lower. Southern Cash Connect E is a monetary fund product issued by southern fund Company. Since its establishment, every 10,000 shares of income have been positive, so there has never been a loss. Monetary fund products are low-risk and low-yield financial products. Only in extreme markets will there be losses, and most of the time the principal is relatively safe. The Fund invests in financial instruments permitted by laws, regulations and regulatory authorities, including cash, call deposits, bank deposits and certificates of deposit within one year (including one year), bonds and medium-term notes with a remaining maturity of 397 days (including 397 days), central bank bills with a maturity of less than one year (including one year), bond repurchases with a maturity of less than one year (including one year), short-term financing bills with a remaining maturity of.

1, interest rate strategy, the Fund will first adopt a "top-down" research method, comprehensively study the main economic variable indicators, analyze the macroeconomic situation, establish a scenario simulation of economic prospects, and then judge the macroeconomic policy orientation such as fiscal policy and monetary policy. At the same time, the Fund will also analyze the changing trend of capital supply and demand in the financial market, make a detailed analysis and forecast of the factors affecting the capital side, and establish a scene simulation of the capital side. On the basis of macro analysis and liquidity analysis, combined with historical and empirical data, the time value of current funds, inflation compensation, liquidity premium and other factors are determined, and the equilibrium yield curve under current macro and liquidity conditions is obtained. Distinguish the term spread, curvature and historical position of the current interest rate bond yield curve, then compare the market yield curve with the equilibrium yield curve, judge the degree and probability of the change of the yield curve parameters, determine the average remaining term of the portfolio, and dynamically adjust the portfolio accordingly.

2. Riding strategy: When the term structure of market interest rate is upward and relatively steep, investors will invest and hold bonds for a period of time. With the passage of time, the remaining life of bonds will be reduced, and the yield of bonds with the same life in the market will be lower. At this point, investors can obtain capital gains other than bond interest by selling bonds at market prices. In most cases, such a riding operation strategy can obtain higher income than holding the expiration.

3. Enlargement strategy, that is, on the basis of combining the existing bonds, integrate funds by buyout repurchase and pledge repurchase, and buy bonds with relatively long remaining years in order to obtain excess returns. In the case that the repurchase rate is too high, the liquidity is insufficient, or the market situation is not suitable for the amplification strategy, the Fund will reduce the proportion of leveraged investment in due course.

4. Credit bond investment strategy and credit risk control. Every credit bond to be invested by the Fund must pass the internal rating of southern fund Bond Credit Rating System and meet the corresponding internal rating requirements of the Fund before it can be invested, so as to prevent and control credit risks in advance. Credit spread strategy. The credit spread between credit products such as national debt and policy financial debt and interest rate products is the source of higher investment income. First of all, with the fluctuation of the economic cycle, in the upward or downward stage of the economic cycle, the credit spread usually narrows or expands, and the change of the spread will bring the trend of investment opportunities for credit products. At the same time, study the influence of different industries in the economic cycle and policy changes, so as to determine the changes of the overall credit risk and spread level of different industries, invest in industries with positive factors, and avoid industries with potential risks. Secondly, the change of credit rating and rating adjustment of credit product issuers will expand or narrow the credit spread of products. The Fund will give full play to the role of internal rating in pricing, and select credit bonds whose rating may be raised, so as to obtain the interest spread income brought by the decline of interest spread. Thirdly, study the term structure of credit spreads, analyze the position of credit bond spreads with different terms relative to the historical average level and the relative level of spreads between different terms, and find out the term with more investment value to invest; Fourthly, the relative spreads of bonds with the same maturity but different credit ratings are studied and analyzed, and it is found that bonds with more deviations from the average value may narrow the relative spreads.