Among them, the "+"strategy of fixed income is the main one.
The absolute income product of fixed income "+"strategy is the asset allocation based on fixed income assets, equity assets and new share subscription under the guidance of large-scale asset allocation system.
Absolute income products take the annual absolute positive income return as the income target, and better control the retracement.
Comparison between absolute return and relative return
Absolute return and relative return seem to be two relative fund types, but they are sometimes related, that is, they all need to conduct in-depth research on macroeconomics, industries and listed companies, and always compare different types of assets to choose assets with better growth, stronger profitability and better cost performance. This choice is actually consistent with the way of investment.
But there are some obvious differences between absolute income and relative income.
First of all, the relative income is to overcome the performance comparison benchmark and obtain excess income as the main goal. More is to obtain excess returns by optimizing the choice of individual stocks and industries, so timing is relatively less important and the control of retracement is relatively less prominent.
The products with absolute returns are mainly aimed at obtaining absolute returns, and such funds have very strict requirements for cash withdrawal control. Because the main customer groups it faces are also customers with low risk tolerance.
Therefore, absolute income products need to optimize the allocation ratio of stocks and bonds through the large-scale asset allocation system and control the withdrawal. Therefore, absolute income products are definitely different from relative income in asset allocation, timing and position adjustment.
How does the absolute return strategy work?
The investment strategy of absolute income products is oriented to the allocation of large-scale assets.
First of all, from the macro-economic research, analyze the trend of macro-economy, and then make a detailed analysis of policies, including monetary policy, fiscal policy, regulatory policy and so on. The second is the concern about liquidity. Including micro-capital market liquidity, institutional investors, overseas capital flows and so on.
According to the above situation, make a comprehensive analysis of all kinds of assets, predict their future performance and make a reasonable allocation ratio.
The goal of absolute income products is to achieve absolute positive income, and the basic configuration is generally high-grade credit bonds or high-quality blue-chip stocks with high dividends. Because the coupon of credit bonds and the coupon of stocks are relatively certain sources of absolute income, some better growth stocks are allocated on this basis. Generally speaking, the growth of these stocks is very certain, and the stock price increase brought about by the company's performance growth can basically be obtained.
What kind of investors are the absolute income products suitable for?
This kind of product is more suitable for ordinary investors.
Generally speaking, ordinary investors have low risk appetite and low tolerance for fluctuations. Generally speaking, they hope to get a relatively high return on investment through the market, but at the same time they can't bear the sharp fluctuations of the stock market.
And the absolute return products get the absolute return of the market under the premise of controlling risks, which is more in line with the expectations of ordinary investors.
I hope the above contents are helpful to you.