risk-adjusted-return-optimizer

Provide your capital amount, risk profile (conservative, balanced, or aggressive), and investment horizon. The Skill maps these to strategic allocation bands across equities, bonds, convertibles, gold, REITs, and cash, then outputs specific ETF codes and position sizes.

A balanced profile typically allocates 40-60% to equities, 25-40% to fixed income, 5-10% to alternatives like gold and REITs, and 5-10% to cash. The reference framework provides a sample allocation with specific ETF instruments such as CSI 300 and convertible bond ETFs.

It computes expected annualized return as the weighted average of asset-class assumptions, volatility using a correlation matrix, and derives Sharpe ratio, maximum drawdown, and 95% one-year VaR. Capital market assumptions are documented in the portfolio framework reference.

Yes. It incorporates A-share specifics: no capital gains tax for individuals, 0.05% stamp duty on sells, and dividend tax tiers of 0%, 10%, or 20% depending on holding period. It also covers personal pension accounts with the 12,000 CNY annual limit.

The default is a threshold-based approach triggering when any position drifts 5% or more from target, with a hybrid option combining quarterly reviews and threshold overrides. New cash inflows are used first to top up underweight positions before selling.

QDII funds are the only channel for overseas diversification but face quota limits and possible subscription suspensions, so allocations are capped at 15%. Global diversification may be constrained when quotas are exhausted.