Letter to Clients: Looking back at 2025, Topway Management Consulting (TMC) is fulfilling its long-term commitment with “low-volatility returns”.

As another year filled with challenges and opportunities comes to a close, on behalf of all colleagues at Topway Management Consulting (TMC), I would like to present this sincere review and reflection to you. Over the past year, global markets have continued to fluctuate amid a complex macroeconomic narrative, and the most valuable result we have collectively delivered is not a stunning return figure, but a robust net asset value curve that steadfastly adheres to long-termism and exhibits the characteristics of “low-volatility returns.”

Letter to Clients: Looking back at 2025, Topway Management Consulting (TMC) is fulfilling its long-term commitment with "low-volatility returns".

We firmly believe that the primary goal of truly excellent asset management is to build certainty amidst uncertainty. This certainty stems from the systematic discipline and “augmented intelligence” framework that we have consistently upheld since our inception. In 2025, our “human-machine collaboration” system demonstrated remarkable resilience through repeated market tests. It doesn’t attempt to predict every storm, but rather ensures that our vessel remains strictly within its pre-defined risk course, regardless of the weather. We treat every unit of risk as a precious budget, prudently allocating it to logically sound opportunities with asymmetric risk-reward ratios. This is the fundamental reason why we are able to control overall portfolio volatility and keep maximum drawdowns at extremely low levels.

The “low-volatility returns” we pursue are essentially the most faithful partners of long-term compound interest. It means abandoning the pursuit of short-term rankings and market trends, and instead focusing on the sustainable growth of wealth. We deeply understand that significant drawdowns severely erode the foundation of long-term compound interest, while a smooth journey is the most efficient way to reach the destination. This philosophy is profoundly reflected in the dynamic management of the personalized “wealth lifecycle” profiles we build for our valued clients in 2025—every decision serves your long-term financial health and life goals.

This achievement belongs to us, but even more so to you. It is your long-term trust that has given us the strength to uphold our principles and focus on execution. Looking ahead, market uncertainty will remain the norm, but our confidence in our framework grows stronger every day. This is because it does not rely on accurate predictions of the future, but rather on systematic risk management, a clear understanding of human weaknesses, and the skillful use of technological power.

In the future, TMC will continue to uphold its commitment to “technology-driven, quantitative innovation,” safeguarding your trust with a greater sense of responsibility. On the path of long-termism, we will continue to walk side by side with you to jointly create a stable and upward-looking picture of wealth.