Major asset classes refer to different types of assets such as stocks, bonds, commodities, etc. To allocate major asset classes is to allocate different classes of assets in the portfolio and make dynamic adjustments based on the situation of investors and the market.

Allocation treasure is a public fund investment portfolio that perfectly realizes asset allocation.

Cash assets refer to monetary funds held by an enterprise and assets that will be received at a fixed or determinable amount, including cash, bank deposits, notes receivable, and bond investments prepared to be held until maturity.

Cash assets in a broad sense include cash on hand, bank deposits and other monetary funds.

Cash assets are the most liquid assets and are part of monetary assets.

Asset allocation is a key factor that determines the success or failure of wealth management. A 10-year investment performance survey of 82 retirement funds in the United States pointed out that 90% of the key factors that determine the success or failure of long-term investment are asset allocation, while only 10% are due to investment targets.

and market timing and other factors.

At the same time, according to UBS’s research statistics on global stock markets over the past 20 years, the impact of asset allocation on returns reaches 91.5%, which is much higher than factors such as stock selection and market timing. This shows that whether asset allocation is reasonable or not is directly related to

Key factors affecting earnings.

Extended information: Asset allocation has different meanings at different levels. From the perspective of scope, it can be divided into global asset allocation, stock and bond asset allocation and industry style asset allocation; from the perspective of time span and style category, it can be divided into strategic asset allocation

, tactical asset allocation and asset mix allocation.

1. Buy and hold strategy The buy and hold strategy means that after determining the appropriate asset allocation ratio and constructing a certain investment portfolio, the asset allocation status will not be changed during an appropriate holding period such as 3-5 years.

Keep this combination.

The buy-and-hold strategy is a passive long-term rebalancing approach that is suitable for investors who have long-term plans and are content with strategic asset allocation.

The buy-and-hold strategy is suitable when the capital market environment and investor preferences have not changed much, or when the cost of changing the asset allocation status is greater than the benefits.

2. Constant Mix Strategy The constant mix strategy refers to maintaining a fixed proportion of various assets in the investment portfolio.

The constant mixture strategy assumes that there are no major changes in asset returns and investor preferences, so the allocation ratio of the optimal portfolio remains unchanged.

The constant mix strategy is suitable for investors with stable risk tolerance.

If the stock market price is volatile, the constant mixture strategy may be better than the buy and hold strategy.

3. Investment portfolio insurance The investment portfolio insurance strategy is to invest part of the funds in risk-free assets to ensure the minimum value of the asset portfolio, invest the remaining funds in risky assets, and adjust risky assets and risk-free assets as the market changes.

A dynamic adjustment strategy that does not give up the potential for asset appreciation.

When the value of the investment portfolio increases due to the increase in the return rate of risky assets, the investment proportion of risky assets also increases; otherwise, it decreases.

Therefore, when the return rate of risky assets rises, the investment proportion of risky assets increases accordingly. If the return of risky assets continues to rise, the portfolio insurance strategy will achieve better results than the buy-and-hold strategy; and if the return declines,

Then the results of the portfolio insurance strategy will be more affected by the increase in the proportion of risky assets, thus inferior to the results of the buy and hold strategy.