Conning US Multi-Income Balanced Strategy

The Conning US Multi-Income Balanced Strategy provides a sophisticated investment solution tailored to investors' needs for steady income and asset growth opportunities. The strategy focuses on creating a stable yet dynamic portfolio with exposure to US equities and various fixed-income securities, strategically balancing risk with the potential for capital appreciation.

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Approach

The USBF leverages macroeconomic insights and specific security analysis to establish a dynamic asset allocation. Conning's disciplined evaluation informs strategic decisions on market cycles and economic indicators. At the same time, security selection incorporates in-depth research and analysis, ensuring a comprehensive approach to asset selection and portfolio construction.

Process

Our process integrates Conning's Systematic Macro (CSM) strategy to dynamically allocate risk across equities, investment grade credits, and high yield credits based on forward-looking market conditions. Risk allocations are converted into notional weights using volatilities and correlations. Additionally, our quantitative investing expertise leverages extensive data sets to extract actionable insights, enhancing our fundamental approach and enabling us to generate risk-adjusted alpha.

Dynamic Asset Allocation

Uses both fundamental and quantitative analyses for asset allocation.

Seeks optimal top-down allocations to enhance returns.




Conning Systematic Macro (CSM)

Adjusts risk based on market regimes for balance.

Achieves balanced notional weights through strategic adjustments.




Equity Strategy

Conducts in-depth company fundamentals and competitive standing analysis to identify strong investment opportunities.

Employs rigorous financial analysis to evaluate fair stock valuation, steering anticipated performance, and seeking to enhance investment returns.

Fixed Income Strategy

Combines thorough top-down and bottom-up analysis for opportunity capture.

Adopts an active and adaptive approach to optimize portfolio positions with market conditions.

Leverages quantitative methods to consistently evaluate and monitor issuer creditworthiness.


Security Selection with ESG Integration

Integrates ESG principles in fundamental security selection.

Leverages the Conning ESG research team for insights (Conning ESG Output) for securities selection.





Risk Management

Leverages advanced VaR and scenario planning to safeguard investments against market volatility.

Consistent monitoring for optimal asset liquidity.






Experts

Jonathan Wu

Jonathan Wu is a Managing Director and Chief Investment Officer at Conning Asia Pacific Limited, responsible for global multi-income and quantitative investment strategies management. He leads the investment team and oversees the overall investment portfolio strategies, execution, and development. Jonathan is also a member of Conning's Global Asset Allocation Committee, which is joined by the Chief Investment Officers of other Conning offices. Jonathan joined Conning from Cathay United Bank Private Banking as Head of Product & Investment Consultant, where he was responsible for formulating frameworks for private banking products and investment strategies. Prior to that, he worked as a Portfolio Manager at Conning Asia Pacific, responsible for Asia credit portfolio management. He also gained several years of experience in Cathay Life's fixed income investment team, specializing in macroeconomic analysis, multi-asset strategies, global fixed income, and derivatives trading, with over 18 years of industry experience. Jonathan holds a Master of Business Administration from Indiana University of Pennsylvania and a Bachelor of Statistics from the National Chengchi University, Taiwan. 

Jonathan Wu is a Managing Director and Chief Investment Officer at Conning Asia Pacific Limited, responsible for global multi-income and quantitative investment strategies management. He leads the investment team and oversees the overall investment portfolio strategies, execution, and development. Jonathan is also a member of Conning's Global Asset Allocation Committee, which is joined by the Chief Investment Officers of other Conning offices. Jonathan joined Conning from Cathay United Bank Priv Read More...

Emily Dong

Emily Dong is a Managing Director and Head of Equity at Conning Asia Pacific Limited, responsible for managing global equity portfolios and assisting in setting asset allocation investment strategy. Emily joined Conning from BlackRock as Senior Portfolio Manager, responsible for managing regional unconstrained strategies and helping in setting regional equity investment strategy. Before joining BlackRock in 2010, Emily worked as a senior investment professional at China Renaissance Capital Investment and JMB Capital Partners. Notably, Emily has been awarded "The Best Asia ex-Japan Fund Manager" by Citywire in 2016 and 2017 and the “Best Fund over 3 years - Equity Asia Pacific ex Japan” by the 2016 Thomson Reuters Lipper Fund Awards Hong Kong. Emily holds an MBA degree from Harvard Business School and a bachelor’s degree in international finance from Peking University. 

Emily Dong is a Managing Director and Head of Equity at Conning Asia Pacific Limited, responsible for managing global equity portfolios and assisting in setting asset allocation investment strategy. Emily joined Conning from BlackRock as Senior Portfolio Manager, responsible for managing regional unconstrained strategies and helping in setting regional equity investment strategy. Before joining BlackRock in 2010, Emily worked as a senior investment professional at China Renaissance Capital Inves Read More...

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Core, core-plus and total return fixed income strategies for insurers utilize a range of sectors
Investment Grade Corporate Bonds
Publicly traded debt securities issued by corporations rated BBB/Baa or higher.
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Securitized Products
Debt securities, such as Agency and Non-Agency MBS, CMBS, and ABS, backed by payments from a variety of collateral such as mortgages, equipment leases, credit card receivables, consumer loans and more.
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Covered Bonds
Debt instruments that are secured, usually backed by a pool of mortgage loans or public sector loans.
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Additional Specialty Asset Class Capabilities
We have a broad array of specialty asset classes to customize portfolios based on a client’s unique needs for yield and return and tolerance for risk. A full list can be found in the Specialty Strategies section.
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Municipal Bonds
Debt instruments issued by states, local governments and government enterprises such as utilities, universities, and transportation systems.
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Government Credit & SSA
Debt instruments issuesd by federal institutions, such as U.S. Treasurys and government agency securities.
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Indexed Equities
Passively managed equity portfolios tracking major indexes such as the S&P 600, 500 and 400 indexes.
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Multi-Asset Balanced Global
Aims to yield favorable risk-adjusted returns across diverse market conditions. By utilizing strategic asset allocation, active management in equities, fixed income, and currencies, and investing in multiple investment themes, the strategy endeavors to maximize long-term total returns and secure stable income.
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Risk Considerations