Zhang Qinghua's investment team separated from the fixed income division in 2018 and established a hybrid asset investment department, covering both stock and bond investments to facilitate the switching between different assets and avoid the risk of single asset fluctuation.
1. Investment team's transition from fixed income to hybrid asset
The investment team of Zhang Qinghua transitioned from the fixed income division to establish a hybrid asset investment department in 2018. This strategic move allowed the team to have a diversified portfolio by including both stock and bond investments.
2. Benefits of stock and bond investments
By including both stock and bond investments, the team can benefit from the potential growth of stocks while having the stability of bonds as a foundation for fixed income. The team can also switch between these assets based on market conditions, aiming for absolute returns and long-term success.
3. Improving test-taking speed for exam preparation
Many individuals face challenges during exams due to slow problem-solving speed. Learning effective strategies can significantly improve test-taking speed and enhance overall performance in exams.
4. Verification of fund managers in equity investments
One speculation is that funds adopting a dual fund manager system may have the second fund manager as the primary manager for equity investments, rather than Zhang Qinghua. To validate this assumption, a correlation analysis between these funds can provide valuable insights.
5. Investment characteristics of Zhang Qinghua's team
Zhang Qinghua's team focuses on hybrid investment with a bias towards bonds. They aim to achieve steady net asset value growth through a balanced allocation between equity and bonds. This strategy allows them to enhance returns while minimizing risks.
6. Defensive approach in the face of market downturn
During market downturns, it is crucial to adopt a defensive approach rather than rushing to buy low. Zhang Qinghua and Fu Youxing's hybrid equity and bond funds incorporated defensive measures to protect against market volatility. Understanding the principles of this strategy is essential for investors.
7. Leveraging a strong research platform
Zhang Qinghua's team relies on a robust research platform for their hybrid asset investment business. Their research team covers a wide range of areas, and they leverage their platform's resources for data collection, analysis, and risk management. The combination of institutional processes and a comprehensive system enables the team to effectively manage investment risks.
8. Importance of teamwork
Zhang Qinghua emphasizes the significance of teamwork in various aspects such as building a credit rating system, data collection and database construction, and analysis system development. These tasks require collective efforts rather than individual endeavors. Additionally, teamwork enables better coordination and efficient execution of investment strategies.
9. Modular approach in the hybrid asset investment department
The hybrid asset investment department utilizes a modular approach for their operations. This allows for efficient management of different asset classes and ensures effective risk control and performance monitoring. The modularity also enables flexibility in adapting to market changes.
10. Achievements of Zhang Qinghua's team in materials science
Zhang Qinghua's team in the Materials Science department has made remarkable breakthroughs in the development of high-performance polyimide fibers and related products. Their research outcomes have been widely applied in environmental high-temperature dust removal filtration, special protection, radiation resistance, and national defense industries.