Core Viewpoint - The AI Fund,招商丰利灵活配置混合基金A, reported a profit of 139.59 thousand yuan for Q2 2025, with a net asset value growth rate of 6.88% during the period, and a total fund size of 2,078.79 thousand yuan as of the end of Q2 2025 [2][14]. Fund Performance - As of July 17, the fund's one-year cumulative net asset value growth rate reached 33.02%, ranking 123 out of 880 comparable funds [3]. - The fund's three-month cumulative net asset value growth rate was 9.49%, ranking 421 out of 880, and the six-month growth rate was 8.83%, ranking 387 out of 880 [3]. - The fund's three-year cumulative net asset value growth rate was -10.79%, ranking 451 out of 870 [3]. Fund Management Strategy - The fund manager, 况冲, indicated that during the quarter, they realized profits from companies in the new consumption sector and increased holdings in leading cross-border enterprises amid the U.S. imposing 100% tariffs on China [2]. - The fund also increased investments in companies with low valuations and significant growth potential, particularly in sectors such as military, manufacturing, non-ferrous metals, and agriculture [2]. - The fund plans to maintain a high position and a relatively balanced layout throughout 2025, focusing on globally competitive Chinese companies in technology, manufacturing, pharmaceuticals, and consumer sectors [2]. Fund Holdings - As of the end of Q2 2025, the top ten holdings of the fund included companies such as 赛轮轮胎, 金诚信, and 航发动力 [16]. Risk Metrics - The fund's three-year Sharpe ratio was 0.1565, ranking 290 out of 874 comparable funds [8]. - The maximum drawdown over the past three years was 40.42%, ranking 315 out of 864 comparable funds, with the largest single-quarter drawdown recorded at 26.08% in Q1 2020 [10].
招商丰利灵活配置混合基金A：2025年第二季度利润139.59万元 净值增长率6.88%
Sou Hu Cai Jing·2025-07-18 08:23