fund structureThe client's asset portfolio consists of bonds, equity funds, ETFs and shares invested on the London Stock Exchange. First, according to Mary's primary risk preference. , 30% of assets were invested in bonds. The 30% bond investment percentile is generally considered a preferable long-term investment for a risk-averse investor because the annual return on bonds has already been fixed and the risk of bond default is relatively low. Among all types of bonds, the risk of Treasury bonds is the lowest. This is why we have chosen two British bonds with different maturities in our portfolio. The coupon values ​​of these two bonds are 8.75% and 8% respectively. At the same time, we invested in two corporate bonds issued by Lloyds Bank Group and its subsidiary. Since the credit ratings of these bonds assigned by Standard & Poor's and Moody's are above A. In other words, the default risks of these bonds are low. Additionally, the fixed yield of these bonds is much higher than that of UK bonds, which reaches 7.46% and 8.428% respectively. Second, 20% of Mary's assets were invested in funds. In this part, we invested most of the assets in insurance funds and pension funds; only a small proportion, around ￡1,000, had been invested in ETFs. Specifically, we placed 10% of assets in 2 high-performing insurance funds, Skandia Fleming Mid Cap Investment TST and MetLife Schroder UK MID 250 GBP ACC NAV, which have achieved five stars according to the Morningstar rating system. The remaining 10% of assets were invested in pension funds. Based on historical data analysis, we selected Skandia Fleming Mid Cap Pens and Aviva Invesco Perptual UK Aggressive S6. The annual return of these ...... middle of paper ...... may influence our portfolio performance, such as the specific needs of our clients, profit allocation policy and overall macroeconomic trend, etc. . To be more precise, Since portfolio management is a task of organizing and implementing a series of investments based on the client's expected return (Geoff, 2006), changes in client needs can lead to different portfolio performances. In addition, adjusting the profit allocation policy can influence the asset structure and future profits. Our current profit allocation policy is to reinvest profits in the stock market, while we can adjust this policy according to Mary's needs. At the same time, the macroeconomic situation also has an impact on portfolio performance. Since we expect the UK macroeconomy to do well in the future, we could invest more in the stock market and other risky investment markets..