Since the beginning of this year, the A-share market has experienced a period of suppression followed by a rise. The stock market, after a continuous adjustment in the early period, has seen a warming trend, while the bond market has continued its previous trend. After the 10-year national bond broke through 2.5% in the previous period, the 30-year national bond also broke through 2.5%. The bull market in both stocks and bonds has led to an overall improvement in market profitability. Against this backdrop, a group of products focusing on bond investment and with appropriate stock positions have shown steady performance. After resisting market fluctuations over the past two years with a "defensive" attribute, they have started to demonstrate their "offensive" nature this year. According to wind data, benefiting from early investment in high dividend stocks, several stable products managed by the Multi-Asset and Solutions Investment Team of China-Europe Fund, including Zhongou Jintong Flexible Allocation Hybrid A, Zhongou Xinyi Stable 6-Month Hybrid A, Zhongou Huili Bond A, and Zhongou Shuangli Bond A, collectively set new historical net asset value highs on April 1. It is understood that the above-mentioned products managed by the Multi-Asset and Solutions Investment Team of China-Europe Fund are not simply a combination of bonds and stocks, but focus on exploring segmented multi-asset and multi-strategy approaches to achieve risk diversification and pursue absolute returns. Data shows that Huang Hua, the head of the Multi-Asset and Solutions Investment Team at China-Europe Fund, has over 15 years of securities industry experience and outstanding large-category asset allocation capabilities. The team includes 10 public fund managers with an average financial industry experience of nearly 11 years. Huang Hua and his team members' investment style leans towards stability, focusing on risk-return ratio and aiming for lower drawdowns and volatility under the same returns. The Multi-Asset and Solutions Team of China-Europe Fund is one of the early practitioners of systematic investment in the industry, believing in the stability of systematic investment over individual operations and adept at accessing diverse sources of portfolio income to achieve different risk-return objectives. In the current volatile market environment, for investors looking for stability, it is more appropriate to choose fund products that offer a category asset allocation base while also incorporating style factor assets suitable for different equity asset environments. For example, the China-Europe Huili product positions itself as a stable fixed-income product and leverages large-category asset allocation advantages in the current low-interest rate market environment, maintaining a certain stock position, diversifying income sources, and striving for excellent investment returns while controlling volatility and drawdown. Looking ahead, Huang Hua believes that in terms of stock investments, after experiencing a transition in new and old dynamics, investor focus may shift from previously seeking growth to seeking certainty. Economic growth is expected to be a key driver of the stock market this year, and with the confirmation of the cyclical turning point, market momentum will be strengthened, with high correlation to the economy, especially leading companies, expected to regain attention. In terms of bond investments, Huang Hua predicts that medium-term risk-free rates are likely to continue a downward trend, but in the short term, there are signs of overheated market sentiment, so there is a need to closely monitor the risks brought about by crowded trading. In the context of low bond rates, the interest rate strategy may be difficult to meet investor requirements, requiring a shift in focus to credit bond index strategies to grasp market trends while appropriately increasing attention to convertible bonds and long-duration rate bonds. Investing in funds involves risks and requires caution. The Fund Manager promises to manage and utilize fund assets based on the principles of honesty, trustworthiness, diligence, and responsibility. However, it does not guarantee that the fund will always be profitable, nor does it guarantee the lowest returns. The past performance of the 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. Before making investment decisions, please read carefully the fund contract, fund prospectus, and fund product summary and understand the risk-return characteristics and product features of the fund, consider the various risk factors, and make investment decisions carefully based on your investment objectives, investment horizon, investment experience, asset status, and other factors. China-Europe Jintong Flexible Allocation Hybrid A and China-Europe Xinyi Stable 6-Month Hybrid A are hybrid funds, with expected returns and risk levels higher than bond funds and money market funds but lower than equity funds. China-Europe Huili Bond A and China-Europe Shuangli Bond A are bond funds with expected returns and risk levels higher than money market funds but lower than hybrid funds and equity funds. The fund can invest in Hang Seng Index stocks. In addition to general investment risks such as market volatility similar to mainland securities investment funds, the fund also faces unique risks due to differences in investment environment, investment targets, market systems, and trading rules under the Hong Kong Stock Connect mechanism. China-Europe Xinyi Stable 6-Month Hybrid A has a lock-up period/minimum holding period, during which you may face liquidity constraints due to inability to redeem or sell fund shares. China-Europe Xinyi Stable 6-Month Hybrid A can invest in Hang Seng Index stocks. In addition to general investment risks such as market volatility similar to mainland securities investment funds, the fund also faces unique risks due to differences in investment environment, investment targets, market systems, and trading rules under the Hong Kong Stock Connect mechanism. Data source: Fund regular reports, as of December 31, 2023. The past performance of the 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. Since its inception, China-Europe Jintong Flexible Allocation Hybrid A has risen and fallen by 52.12%, compared to a benchmark performance of 16.83% during the same period.In 2023, the fund's fluctuation range and benchmark performance were 10.15%/17.99%, 12.74%/13.5%, 6%/-1.21%, -1.33%/-10.8%, and 2.87%/1.39%. Former fund managers include Hua Li Cheng from 20180329 to present, Zhu Chen Jie from 20170407 to 20180821, Zhang Yue Peng from 20151127 to 20200709, Liu De Yuan from 20151127 to 20170627, Wu Qi Quan from 20151117 to 20161222, and Sun Tian from 20151117 to 20161222. The fund expanded its investment scope in September 2016 to include government-supported agency bonds, treasury futures, and stock options as investment targets. In October 2020, the fund further expanded its investment scope to include depositary receipts. Please refer to the legal documents for details. Since its inception, the Central Europe Xin Yi Stable 6-month hybrid A fund has a fluctuation range of 9.67%, compared to the benchmark performance of 8.57%. The fund's fluctuation range and benchmark performance from 2021 to 2023 were 6.43%/3.39%, -1.63%/-0.18%, and 0.61%/2.26%. Former fund managers include Huang Hua from 20200706 until now. In October 2020, the fund expanded its investment scope to include depositary receipts. Please refer to the legal documents for details. Since its inception, Central Europe Double Interest Bond A fund has a fluctuation range of 30.17%, compared to the benchmark performance of 5.94%. The fund's fluctuation range and benchmark performance from 2019 to 2023 were 8.25%/4.53%, 11.52%/2.62%, 3.56%/1.5%, -4.38%/-1.78%, and 1.42%/0.71%. Former fund managers include Jiang Wen Wen from 20180130 to 20220701, Huang Hua from 20170405 to present, and Zhang Yue Peng from 20161123 to 20180601. In October 2020, the fund expanded its investment scope to include depositary receipts. Please refer to the legal documents for details. As of December 31, 2023, the Central Europe Hui Li Bond A fund has been in operation for less than half a year and performance is not displayed as required by regulations."Bonjour, comment vas-tu aujourd'hui?" "Hello, how are you today?"