The latest dividend of China Merchants Pioneer is 65438+February 65438+July 2020. Through dynamic asset allocation, China Merchants Pioneer Fund chooses investment opportunities between the stock market and the bond market, selects the varieties of stocks and bonds, concentrates investment appropriately, and pursues long-term capital appreciation. China Merchants Fund is one of the earliest institutions in China to start research on pension business. With more than 150 years of overseas pension management experience, China Merchants Fund has actively carried out the beneficial practice of local pension management and accumulated rich experience in pension investment management.

: investment strategy:

1. China Merchants Pioneer Fund will apply the investment technology introduced by the fund manager from foreign shareholder ING, including rigorous investment management process, mature asset allocation technology, PFG quantitative screening model, SRS stock analysis system and scientific risk control model.

2. The proportion of China Merchants Pioneer Fund investing in stocks is 35-80%, and the proportion of bonds and short-term financial instruments is 20-65% (of which the minimum cash or government bonds with maturity within one year are not less than 5%). If laws and regulations adjust the restrictions on the investment ratio of national debt, the proportion of funds investing in stocks will probably exceed 80%.

3. The specific proportion between stocks and bonds will be dynamically allocated according to different market conditions.

4. The stock assets of China Merchants Pioneer Fund will be appropriately concentrated in stocks that the fund manager thinks have high relative investment value.

5. The bond investment of China Merchants Pioneer Fund adopts active investment management to obtain a rate of return that matches the risk, while ensuring the liquidity of the portfolio and meeting the needs of normal cash flow.

6. As the only joint venture fund management company of ING in China, China Merchants Fund has been supported by ING Group in many aspects such as overall operation management, investment management, risk management and product design. Adhering to ing's steady investment style, it is one of the few fund companies in China with dual qualifications of "National Social Security Fund Investment Manager Qualification" and "Enterprise Annuity Investment Manager Qualification". At the same time, China Merchants Fund also makes full use of ING's global resources and continuously shares ING's mature experience in pension management through personnel training and field visits.