As 2024 begins, investors face many challenges and opportunities, especially in investment decisions in the ** and bond markets. Recent market movements show that the A** field did not start the year as well as expected, but instead showed a continuous **. As a result, many investors are starting to reconsider their investment strategies, particularly whether they should shift more of their investments to bonds** to stabilize their portfolios.
First, let's focus on the newly established pure debt** of Southern Jintianli. The ** has now entered a three-year lockdown period. For investors, it is important to understand the operation strategy of this **. Due to its large size, the flexibility of its investment is relatively low, which means that it will be slower to open and rebalance positions. However, this has also led to an increase in the diversification of credit investments. Jin Tianli's position-building strategy is mainly focused on credit bonds, with a focus on coupons. For this three-year product, the pace of position building will be more cautious, and the investment target will be selected to grasp the opportunity of the market adjustment period.
Next, let's discuss the current situation in the bond market. Recently, the bond market has performed well due to the reduction in deposit rates. Li Xuan believes that although there is no major risk in the bond market at present, and the long-term trend is improving, the market has fully reflected optimistic expectations, and the future may be dominated by **. This may provide a good investment opportunity for long-term products such as Jin Tianli.
So, why has the bond market been improving for a long time? This is due to the recent strong performance of the bond market, particularly in terms of short-, medium- and long-term yields. Specifically, the short-end has benefited from the easing of capital and the prominence of relative value, while the long-end has remained strong due to policy and fundamental expectations. This "bullish" yield curve reflects the market's optimistic expectations for the future economy.
In contrast, equity markets have started 2024 relatively weakly. December** underperformed as market expectations for policy and fundamentals turned pessimistic. However, in the long run, Li Xuan believes that the first year in 2024 will be driven by policies and economic recovery. In the short term, the market may continue to experience volatility, but in the long term, there is potential.
As we look to the future, we need to recognize that both the ** and bond markets will be affected by policy changes and the macroeconomic environment. The bond market is likely to remain ** in the short term, but the long-term trend is favorable. Despite the current poor performance, with the emergence of market bottom signals, the value of the allocation gradually increases, and it is expected to usher in a "spring" Investors should take these factors into account when formulating investment strategies and flexibly adjust according to changes in market sentiment.
The investment environment in 2024 is challenging, but it also presents opportunities. It is crucial for investors to understand market trends and make informed investment decisions accordingly.
This article was first published in the interpretation of the financial outlet, if there is **, please indicate the source.