VASTDATA(SH:603138) Quan Jing Wang·2025-06-26 07:33Group 1 - The core viewpoint of the article emphasizes the importance of data and logic in investment decision-making in the AI era, as highlighted by the manager of Ping An Ruishang's mixed fund [1] - The investment framework presented by the manager is divided into fixed income and equity parts, focusing on interest rate bonds and cyclical consumer investments [1] - The manager believes that the previous short-term fluctuations in the bond market have ended, and the market has returned to a positive trend, despite ongoing uncertainties in US-China negotiations [2] Group 2 - The manager recommends maintaining a portfolio duration above the market neutral level, while noting that current yield levels may not provide sufficient upside potential [2] - In the equity market, a barbell strategy is suggested, focusing on low-position technology sectors and high-dividend stocks for potential buy opportunities during corrections [2]