Zheng Quan Ri Bao·2025-05-23 15:55Group 1 - The core viewpoint of the article highlights the active trading environment of the Beijing Stock Exchange (BSE) and the impressive performance of related thematic funds, with a focus on the insights from the fund manager of CITIC Construction Investment's BSE Select Two-Year Open-End Fund, Cold Wenpeng [1] - As of the end of Q1 this year, there are 32 thematic funds in the BSE market with a total management scale of approximately 13.6 billion yuan, including 11 actively managed products totaling 4.35 billion yuan and 21 passive index products totaling 9.26 billion yuan [1] - Over 70% of BSE thematic funds achieved returns exceeding 20% in Q1, attributed to the market's institutional advantages and the long-term commitment of fund research teams [1] Group 2 - Cold Wenpeng's investment framework consists of six key dimensions, emphasizing diversified allocation, focusing on undervalued growth, a top-down approach for industry selection, a bottom-up approach for company selection, contrarian thinking, and strict risk management [1] - The future development of the BSE is viewed positively, with expectations of continued growth, high-quality expansion, ongoing institutional innovation, and increased returns to investors through dividends and buybacks [2] - The BSE is positioned to serve innovative small and medium-sized enterprises, representing a significant market for new productive forces, with a focus on improving supply quality and attracting institutional investors [2]