Fixed income public offering is a kind of fund.

The mainstream investment strategies of "fixed income +" public funds include CPPI-like strategies, timing strategies, stock and bond allocation management strategies, target volatility strategies, and new strategies. The CPPI strategy refers to setting an end-of-period capital preservation target F for the product during the operation cycle. The difference between the net asset value at the beginning of the period and the present value of F is the safety cushion S. The safety cushion is then multiplied by a risk multiplier M. The portion allocated to equity assets, and the remaining assets are all invested in fixed-income assets.

As time goes by, if the equity market rises, the safety cushion will thicken, and the proportion of products that can be invested in equity assets will increase accordingly to capture market opportunities; if the equity market falls, as the safety cushion decreases, the product Reduce the equity position accordingly to achieve stop loss and ensure the safety of principal. Timing strategies refer to position adjustments between equity and bond assets based on quantitative asset allocation models or macro-qualitative judgments, seizing turning point income opportunities and smoothing portfolio risks. The stock and bond position management strategy refers to determining the highest position in the stock part and handing it over to the fund manager of the equity part for management (in fact, it basically operates at full position), and the remaining part is managed by the fund manager of the bond part. Mainly relying on the hedging effect of stock and debt assets, as well as focusing on the margin of safety when selecting stocks for the equity part, to achieve relatively stable returns. The target volatility strategy refers to embedding the target volatility strategy idea in some "fixed income +" funds, and dynamically allocating assets based on the established volatility target. At the same time, in order to reduce portfolio volatility, some sectors will use sub-sectors in bond and stock assets for risk hedging. The strategy of adding new funds means that public funds can achieve low-risk return enhancement by investing in new funds.