Since the start of this year, global major asset classes have experienced heightened volatility, with asset rotation visibly accelerating, underscoring the growing importance of multi-asset portfolio allocation. On October 12, the HuaAn Yingsheng Multi-Asset 6-Month Holding Period FOF commenced its offering. The product is built around a risk parity model as its core, covering multiple asset classes including equities, bonds, overseas equities, commodities, and REITs, representing a systematic implementation of the multi-asset allocation methodology developed by the HuaAn Fund FOF team.

In terms of investment strategy, the HuaAn Yingsheng Multi-Asset 6-Month Holding Period FOF uses a risk parity model to determine position sizing, supplemented by satellite timing strategies to enhance returns. Anchored by low correlation, it balances the risk contribution of various asset classes, thereby hedging cross-asset risks, smoothing volatility, and improving the investor holding experience.

According to the fund contract, in terms of investment scope, the HuaAn Yingsheng Multi-Asset 6-Month Holding Period FOF invests in stocks, depositary receipts, equity funds, and mixed-type funds counted as equity assets, with the combined proportion accounting for 5% to 30% of fund assets. Among these, assets invested in QDII funds and Hong Kong mutual recognition funds shall not exceed 20% of fund assets, investments in commodity funds (including commodity futures funds and gold ETFs) shall not exceed 10% of fund assets, and assets invested in money market funds shall not exceed 15% of fund assets.

It is reported that the HuaAn Yingsheng Multi-Asset 6-Month Holding Period FOF is planned to be managed by Yang Zhiyuan, who has 15 years of experience in finance and fund management, including 7 years of public FOF investment experience, and possesses extensive multi-asset research capabilities and practical portfolio management experience. At the same time, the HuaAn Yingsheng Multi-Asset 6-Month Holding Period FOF is backed by the systematic methodology of the HuaAn Fund FOF team.

Specifically, the HuaAn Fund FOF team is divided into three groups: the Asset Allocation and Fixed Income Group, the Equity Group, and the Overseas and Alternatives Group. The Asset Allocation and Fixed Income Group is responsible for macro positioning and fixed income investment, providing top-level design for the portfolio's asset allocation plan and a fixed income ballast, and offering fundamental analysis and recommendations on asset allocation direction, fixed income positioning, and bottom-level bond fund selection from a top-down perspective. The Equity Group focuses deeply on the A-share market, with refined division of labor by strategy and fund category, covering balanced, quantitative, and various style themes. To address the complex equity market, this group divides its work along two dimensions: first, the strategy dimension, developing and tracking style and sector rotation models; second, the fund category dimension, classifying equity funds by balanced, quantitative, and sector-specific types. The third group is the Overseas and Alternatives Group, focusing on overseas, QDII, commodities, REITs, and other low-correlation assets, providing diversified sources of risk dispersion for the portfolio. There are no siloed departmental walls among the three groups, only penetrating collaboration. Each member delves deeply into their area of expertise, while information-sharing mechanisms ensure that no one is an "island." Under this penetrating collaboration mechanism, the team forms complementarity between macro and micro, active and quantitative, domestic and overseas, and traditional and alternative, ensuring that under different market environments, someone is always sending signals in key areas.

The HuaAn Fund FOF team emphasizes systematization, discipline, and iterability, possessing a unique methodology. In daily investment research, the team conducts daily reviews, weekly debates, and monthly tactical allocation decisions, deeply integrated with the company's overall investment research system. In terms of models, the team uses a multi-asset multi-strategy model matrix, with the risk parity model as a stabilizer, while using multi-asset timing, style rotation, factor-based fund selection, and other quantitative strategies to support various decisions. At the company level, the FOF team is backed by HuaAn Fund's mature investment research platform, relying on the company's centralized research platform and diversified investment teams, aggregating the entire company's research capabilities to provide infrastructure support for FOF investment.

HuaAn Fund is one of the first five fund companies established in China's public fund industry, with 28 years of history. The company emphasizes collaboration and diversification, advocates an open and win-win team ecosystem, encourages full communication within and across teams, enhances research efficiency, and promotes communication habits and mutual trust among teams. HuaAn Fund's team collaboration and investment research output are also reflected in the profitability experience of fund holders. According to the 2026 fund interim report, among the 10 FOF products under HuaAn Fund, the proportion of profitable investors in the past year all exceeded 99%, with 5 products achieving 100% investor profitability.

Fund fee description: Subscription/purchase fee rate (M represents subscription/purchase amount), Class A shares: M<10 million yuan, 0.5%; M≥10 million yuan, 1,000 yuan per transaction; Class C shares do not charge subscription/purchase fees. The redemption fee rate for both A/C shares (Y represents holding period) is: Y<180 days, 0.50%; Y≥180 days, 0. Management fee rate: 0.50% per year. Custodian fee rate: 0.15% per year. Class A shares do not charge sales service fees; Class C shares sales service fee: 0.40% per year. The portion of this fund's assets invested in funds issued or managed by the fund manager shall not incur management fees. The portion of this fund's assets invested in funds custodied by the fund custodian shall not incur custodian fees. Non-pension clients apply the above rates. If an investor makes multiple subscriptions/purchases within one day, the applicable fee rate shall be calculated separately for each transaction.

Risk disclosure: This fund is a mixed-type fund of funds (FOF). Its risk and expected return are higher than bond-type fund of funds and bond funds, higher than money market fund of funds and money market funds, and lower than equity-type fund of funds and equity funds. For each fund share, this fund has set a minimum holding period of 6 months. Investors can only submit redemption and conversion-out applications starting from the next business day (inclusive) after the end of the minimum holding period, facing liquidity risk where redemption cannot be confirmed during the minimum holding period and the risk of significant fluctuations in fund net value. Funds involve risk, and investment requires caution. This view represents only the viewpoint at the time and may change in the future. It is for reference only, does not constitute investment advice or guarantees, and does not serve as any legal document. Past performance of a fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. This product is issued and managed by HuaAn Fund Management Co., Ltd. China Merchants Bank, as a distribution agency, does not assume responsibility for the product's investment and redemption. Investors should carefully read the fund contract, prospectus, and other legal documents, and select suitable products based on their personal risk tolerance. MACD golden cross signals have formed, and these stocks are rising well!