Sou Hu Cai Jing·2025-07-18 05:16Core Viewpoint - The AI Fund Western Li De Hong Kong Stock Connect New Opportunities Mixed A (008861) reported a profit of 53.96 thousand yuan for Q2 2025, with a weighted average profit per fund share of 0.0189 yuan, and a net asset value growth rate of 3.14% during the period [2]. Fund Performance - As of July 17, the fund's unit net value was 0.658 yuan [2]. - The fund's scale reached 17.6493 million yuan as of the end of Q2 2025 [13]. - The fund's performance over various periods includes: - 3-month net value growth rate: 16.63%, ranking 129 out of 880 comparable funds [2]. - 6-month net value growth rate: 31.25%, ranking 22 out of 880 comparable funds [2]. - 1-year net value growth rate: 32.92%, ranking 124 out of 880 comparable funds [2]. - 3-year net value growth rate: -17.98%, ranking 575 out of 870 comparable funds [2]. Investment Strategy - The fund manager indicated a strategy of gradually realizing gains from technology, new energy vehicles, and consumer companies with reasonable valuations, while increasing positions in innovative pharmaceuticals with favorable policies and potential catalysts [2]. - The fund adopted a barbell strategy in the absence of a clear market direction, enhancing allocation to stable high-dividend assets [2]. Risk Metrics - The fund's 3-year Sharpe ratio was -0.0515, ranking 533 out of 874 comparable funds [7]. - The maximum drawdown over the past three years was 50.65%, ranking 97 out of 864 comparable funds, with the largest single-quarter drawdown occurring in Q1 2022 at 28.84% [9]. Portfolio Composition - The average stock position over the past three years was 81.24%, slightly above the comparable average of 80.33% [12]. - The fund's top ten holdings as of Q2 2025 included Tencent Holdings, Hong Kong Exchanges and Clearing, Alibaba-W, Kingdee International, China Mobile, HSBC Holdings, Xpeng Inc.-W, 3SBio, AIA Group, and BeiGene [16].