Data source: Snowball Fund
The second is balance. This FOF does not pursue extreme risk exposure, will not allocate too much weight in a certain industry or theme, and can select the best allocation from more than 1,000 funds in the entire market, which can avoid large fluctuations in returns caused by market style rotation, and with the help of asset allocation, more allocations are made when a certain type of asset is relatively cost-effective, and vice versa, and steadily accumulate profits. In
investment, the FOF fund mainly adopts a risk parity model, and uses quantitative means to limit the risk exposure of various assets such as stocks and bonds to prevent large fluctuations in the portfolio.
data shows that since the establishment of the FOF fund, it has hit a new high in net value 140 times as of November 4, 2022. If we observe quarterly, since the fund was established, the quarterly proportion of positive returns was 63.15%, of which the maximum decline in a single quarter was 3.98%, and the maximum increase was 8.27%. The balanced allocation better balances returns and risks.
Data source: Fund periodic report
Observe the net value curve since the establishment of Southern all-weather strategy A, and it can be seen that its overall fluctuation is small, can rise and resist declines, and is relatively stable.
Source: Fund 2022 Third Quarter Report
Third is professional. The FOF fund portfolio is currently composed of two fund managers, Xia Yingying and Li Wenliang, who both have more than 4 years of experience in public fund . As of October 31, 2022, the average annual returns of the two fund managers since their employment were 6.2% and 4.76%, respectively, and are in the forefront among debt-oriented mixed funds.
Among them, Xia Yingying has worked in the investment management department of Morningstar Information, the private banking department of China Merchants Bank, the financial cooperation and policy department of Tencent Payment Basic Platform and Financial Application Line. She has served as an investment consultant, senior analyst, and senior manager of financial products . He joined Southern Fund in March 2017 and served as a senior researcher in the Department of Macro Research and Asset Allocation. He has 15 years of securities experience and has quite experienced in asset allocation.
Li Wenliang has worked in the Finance Department of Foxconn Group, Morningstar Information Global Fund and Pension Management Department, and China Merchants Bank Head Office Fund Team. He has served as a financial statement analyst, fund data analyst , investment analysis and portfolio construction group leader, and fund product planning manager. He joined Southern Fund in October 2017 and served as a researcher in the Macro Research and Asset Allocation Department and a FOF fund manager.
Li Wenliang has been researching and investing in the fund field for 12 years, and has surveyed 400 fund managers every year. He can conduct a more comprehensive survey of fund managers from multiple angles such as investment philosophy, style preferences, and historical performance. He is called the "walking fund library".
In addition, FOF investment can also escort performance with the investment and research resources of Southern Fund and its own strong strategic team.
Overall, Southern all-weather strategy A fluctuates less and has a medium- and long-term return. Among the "fixed income +" products, medium- and long-term performance is high, and can be used as a financial allocation option for a period of 1 year or more.
Note: funds are risky, so be cautious when investing. The above content is for reference only and does not constitute any investment advice.
