A：Sound assets mainly include pure bond products, which we distinguish by duration, such as short, medium and long bonds. In addition, there are fixed-income plus products, such as low-wave, medium-wave and high-wave series, as well as all-weather products. Each of these products has its own characteristics, and the risk level and potential drawdown have increased.

A：In the current market volatility, we will focus on how to effectively allocate and manage different types of sound assets (such as pure bonds, short bonds, medium bonds, long bonds, etc.). We will classify assets according to their longevity, risk rating and other factors, and combine them with equity-bond allocation ratios, such as products such as fixed income plus short-and medium-term bonds, to adapt to the risk tolerance of different investors.

A：For low-risk investors who want to participate in equity investments, fixed income plus products are more appropriate. However, whether to allocate equity products still needs to be determined according to personal risk tolerance. Investors who are completely unwilling to allocate equity products do not need to consider such products.

A：Bottom products, while relatively stable, are not volatility-free, especially those with high-wave fixed income plus track. As the risk level increases, the potential risk of the product increases, and investors need to have long-term investment confidence and the ability to optimally allocate assets. For short-term allocation, you can consider seven-day southern unified deposit slips or short-term debt products with a maturity of about one month, such as the Dream Round series. After a certain period of time, you can gradually transition to the fixed-income plus component.

A：Southern stable profit one-year holding period products are designed for a longer holding period, customers need to hold more than one year to redeem, which helps to achieve a more stable long-term investment strategy, compared with open-ended products, holding period products can usually provide a better profit experience to maturity.

A：Southern All Weather is a fof product with an investment strategy similar to fixed income plus products, mainly through investment in the underlying fund to achieve risk control and rebalancing. The latest quarterly report shows that about 82% of the product is invested in funds, and the choice of the underlying fund spreads the overall risk, so it is difficult to directly calculate equity positions, but it is positioned as a relatively high-wave fixed income plus product.

A：FOF products are characterized by the preference of other funds for investment, in order to build a diversified portfolio of funds, so as to achieve secondary diversification of risk. Its position concentration is low, through the comprehensive allocation of a large number of funds to improve the effect of risk diversification, and through the calculation of the way to clarify the range of equity positions.

A：Yes, the FOF product (Fund of Funds) is about picking funds from other funds and building a portfolio with that, so it's essentially a basket of funds.

A：In the current market volatility, the allocation of sound assets such as fixed income products is more conservative, suitable for investors with low risk tolerance. All Weather is currently rated on the platform at roughly medium risk, slightly higher risk than regular fixed income products.

A：Ningyue products have a holding period and need to be held for a long period of time to be evaluated on the premise of a one-year holding period. Because it is a long bond product, the bond itself has the characteristics of long bull and short bear, long-term investment can better control the risk, especially for long-term bond index products such as 7-10 years.

A：No specific data on the turnover rate of the fund has been released, but fund managers have greater position flexibility and continue to optimize fund positions. For example, in the most recent quarter, a number of funds have been transferred back to the top 10 heavy positions, indicating that fund managers are constantly adjusting their strategies. The fund has performed well in the past six months, but it has retreated slightly in recent years. It has adopted a variety of trading and strategies in combination with different market conditions, and its performance level has continued to improve. Product performance improved due to relatively good bond market conditions. Fund manager Cai Chao is good at timing judgment of large asset classes and adjustment of bond and bond selection, and will adjust offensive and adjustment strategies according to market changes.

A：Compared to the general fixed-income plus strategy, the all-weather FOF has a lower overall risk rating, mainly investing in pure bonds and low-wave fixed-income plus targets, penetrating the underlying equity assets less, so it is less volatile and positioned as a low-wave fixed-income plus product.

A：Mingyue, Guangli, Changyuan and other products can be configured at the same time, but the difference is relatively limited. Among them, Mingyue focused on convertible bond strategy, Guangli expanded to secondary market trading and equity strategy and other diversified investments, while Changyuan focused on convertible bond strategy. Convertible bonds are more flexible than pure bond products and are more difficult to withdraw and trade.

A：The valuation of bond products is difficult for C- end customers to understand, and the valuation is influenced by interest rates, credit risk and other factors, which makes it difficult to study. Therefore, fund products managed by professional fund managers may be a more suitable choice for ordinary investors.

A：Haoxiang three-month and home products belong to the fixed income plus category, suitable for short-term to long-term investment layout, respectively, corresponding to the three-month, six-month holding period of product demand. These products provide the ability to allocate assets with different durations to meet the different investment needs of investors.

A：Southern all-weather is a fof product, fund managers mainly invest in other fund products to achieve fixed income plus allocation, more diversified positions, with a secondary diversification effect; and southern heavy round is an open fixed income plus high volatility products.

A：Meng dollar short bonds as a liquidity management tool, in the layout of the time does not pick, but the overall market environment on the fixed income plus track has a greater impact, including stock market volatility will affect the net performance of all-weather products.

A：Ningyue is a product directly managed by fund managers, which can directly invest in bonds and stocks to build a portfolio; all-weather is an fof product, which indirectly realizes fixed income and allocation by investing in other funds, and its fund positions are more diversified, and the diversification effect may be better.

A：Asian dollar bonds are more difficult to study due to the need to bear exchange rate risk and the overall risk of overseas debt markets, and may not be suitable for core bottom allocation compared to domestic assets.

A：Typically by platform, there are five levels of risk: low-risk, medium-low-risk, medium-high-risk, and high-risk. For example, a high-wave fixed-yield plus may be classified as low to medium risk or medium risk, and a low-wave fixed-yield plus or pure bond product may be classified as low risk. However, the specific division is subject to the platform display.

A：The logic of judgment mainly looks at two dimensions: first, duration, the longer the bond duration, the higher the potential risk; second, the proportion of equity assets, the higher the risk. In addition, the credit risk of individual products such as credit bonds needs to be considered.

A：Southern Home is a six-month term fixed-income plus product and has performed well, ranking among select wealth managers.

A：In the era of low interest rates, the expected return should not be too high, according to their own liquidity needs to choose monthly fixed investment or one-year holding period and other ways, and to ensure that the understanding of asset allocation logic and product risk-return sources, in order to achieve a more rational investment.

A：Baofeng is also a high-wave fixed income plus product, suitable for investors who can accept certain risks and want to obtain higher returns. For investors pursuing low-risk investments, it is more appropriate to choose fixed income plus dividend products.

A：Everyone's judgment on the allocation of the bottom position varies with investment needs, but long-term investment should be given a certain degree of tolerance. If liquidity needs are high, some short bond products can be allocated to ensure liquidity.

A：As a fixed income plus product, the flexibility of the insurance product is not directly comparable to the equity assets, and its risk-return ratio needs to be judged by the investor's risk tolerance, investment period, fund manager, product positioning and other factors.