"Her Power" | China Post Fund Fund Manager Yao Yi: Only through self-iteration can one traverse cycles

In traditional understanding, strength is often associated with rigidity and sharpness, but the capital markets are never short of edge. Female fund managers are redefining professional strength by combining firmness and gentleness. The current “her power” breaks this binary—firmness means sticking to principles and bottom lines, while gentleness signifies wisdom and guidance. Together, they forge an investment path that balances impact and warmth, reflected in net value curves and long-term value.

China Post Fund has a strong tradition of excellent research and investment culture. Its fixed income investment capabilities have always been among the top in the industry. The China Post fixed income team continues to adhere to a prudent investment philosophy, using professional judgment and rigorous risk control to strive to seize bond market opportunities for investors. They will keep a close eye on macroeconomic trends and policy developments, adjusting investment strategies promptly to adapt to market changes.

China Post Fund Fixed Income Female Leader Yao Yi

With nearly 12 years of experience in securities, Yao Yi started her career trading stocks and bonds before moving into fixed income investments. In recent years, she has expanded into “Fixed Income+” strategies. Since entering the fund industry after graduation, her guiding principle has been to enable ordinary people to manage their finances reasonably through funds, using a portfolio management approach to balance returns and risks.

Steering with “Balance” for Steady and Long-term Growth

In the volatile capital markets, Yao Yi defines her investment style with one word: balance.

First is the balance between risk and return. She insists on strictly controlling risk thresholds, avoiding extreme risks, rejecting “crash-style” investments, and aiming for long-term steady growth—continuously generating reasonable and sustainable excess returns over time.

Balance also applies to portfolio structure. By diversifying across multiple asset classes and industries, and leveraging the imperfect or even negative correlations among assets, she constructs resilient portfolios with better risk-return profiles.

Balance is also about the relationship between value and price. She continuously monitors the expected differences between asset prices and market narratives, adhering to cost-effectiveness standards, remaining alert to bubbles, digging deep for value, and dynamically optimizing and rebalancing to keep the portfolio healthy and manageable.

With balance as her compass and professionalism as her drive, she seeks opportunities within stability and creates long-term value with composure. Regularly examining the expected differences between asset prices and market narratives, focusing on value and cost-effectiveness, and rebalancing the portfolio are key to her approach.

In her view, the advantages of investing are more determined by personality than gender. From the evolution of human history, women are naturally endowed with traits like gentleness, introversion, delicacy, and resilience, which make them more inclined toward prudent investing and long-term perspectives.

Regarding long-term investing, Yao Yi discusses trends in public fund products. Currently, public funds are developing in two main directions:

One is tool-based products represented by ETFs, mainly serving professional investors with high trading activity.

The other is long-term-oriented products like “Fixed Income+” strategies. As fund managers place greater emphasis on diversification and asset correlation, investors are gradually establishing reasonable expectations for returns and risks. Steady, long-hold products are maturing and gaining popularity.

Only Self-Iteration Can Survive Cycles

Yao Yi openly states that investing is fundamentally a game of probabilities—key is to seize certainty and reasonably participate in uncertainty. Continuous self-iteration and updating enable us to stay aligned with investors, confidently navigating market cycles and achieving steady, long-term growth.

In 2026, investment will continue to focus on resources and technology as dual main themes, driven by the resonance of industry cycles, policy support, and macroeconomic conditions.

As a leading theme, the tech sector is experiencing rapid growth. Breakthroughs in computing infrastructure, edge applications, and humanoid robots, combined with the strategic support from the “14th Five-Year Plan” for new productive forces, are becoming core engines of economic growth. The AI industry chain is expanding from infrastructure to end-user applications, with breakthroughs in humanoid robots and other new scenarios worth close attention.

Yao Yi emphasizes that AI will be a new tool transforming our lifestyles, increasingly integrated into all aspects of life. We should participate in AI investments as a hedge for our careers, and also learn, master, and utilize AI skills.

The resource sector plays a dual role of defense and value addition. Due to long-term underinvestment, geopolitical conflicts, and environmental policies, supply-side resources exhibit rigidity. On the demand side, sustained technological manufacturing and gradual recovery of traditional industries drive demand. Gold and other precious metals, with their safe-haven properties, remain important asset allocation choices amid complex macro environments.

Additionally, dividend-paying assets will continue to be held as long-term allocations. New consumption sectors such as service and emotional consumption are expected to present structural investment opportunities during the recovery.

Finally, regarding what I want to say to investors, Yao Yi sincerely thanks everyone for your trust and support in my management.

Message: Time flies, and I hope that as time passes, both understanding and net value will grow together, accompanying and growing with our investors.

Written by Xu Nannan, Edited by Xu Nan