Yin Hua enhanced income bonds maintained a high stock position at the beginning of the fourth quarter of 2009, and the expectation of policy withdrawal increased in the later period, reducing the proportion of stock allocation; In terms of convertible bonds, continue to reduce the number of bonds with high valuation premium; In terms of bonds, we will continue to maintain short portfolio duration and increase our holdings of short-and medium-term high-yield credit bonds. Fund managers have rich experience in fixed income management, and fund companies have strong investment and research strength.
Yin Hua capital preservation and value-added fund manager has successfully operated the capital preservation fund, and its long-term performance is among the best in its class.