First is the allocation of major fund products. The allocation of major products here refers to the ratio between equity funds and fixed-income funds. Since actively managed investment funds themselves also allocate between basic securities assets such as stocks and bonds, and are in a state of dynamic adjustment, we are unable to provide precise advice on the allocation of major product categories, but can only offer directional judgments. Investors must analyze in conjunction with their own portfolio situation.
Since the path of economic recovery basically conforms to our previous expectations, we still believe that within the next investment period, the expected returns on equity assets will be higher than those on fixed-income assets. Therefore, in terms of allocation of major fund products, we suggest that the allocation ratio for equity-oriented funds should be higher than for fixed-income (bond, money market, and capital preservation) funds.
Based on our analysis of the future stock market trend, the market rebound from the fourth quarter of this year to the first quarter of next year will continue, but it will still experience repeated fluctuations. We hold an optimistic view until the first quarter of next year, and around the second quarter, various...%