Core Viewpoint - The report highlights that the Federal Reserve's interest rate cut cycle is improving global liquidity, leading to strong performance in high-dividend assets, particularly in the financial and insurance sectors. Additionally, China's technological breakthroughs in AI, high-end manufacturing, and pharmaceutical innovation are expected to create ongoing investment opportunities [1][4]. Fund Performance - The fund reported a profit of 26.49 million yuan in Q2, with a weighted average profit per fund share of 0.26 yuan. The net asset value growth rate for the fund was 20.66%, and the fund size reached 201 million yuan by the end of Q2. The fund achieved a year-to-date return of 67.72%, ranking among the top in the market [1]. Holdings Overview - The fund's top ten holdings are diversified, including: 1. Pop Mart (09992) - 8.45% of net asset value 2. Laopuhuangjin (06181) - 6.55% 3. JAC Motors (600418) - 6.00% 4. Anglikang (002940) - 5.68% 5. Jingpin Special Equipment (688084) - 4.70% 6. World Gold Group (03939) - 4.26% 7. Shandong Weida (002026) - 3.82% 8. Chuangfeng Power (603129) - 3.75% 9. Youfang Technology (688159) - 3.74% 10. Yixintang (002727) - 3.51% [1][3]. - Compared to the previous quarter, new entries in the top ten holdings include JAC Motors, Anglikang, World Gold Group, Shandong Weida, Chuangfeng Power, Youfang Technology, and Yixintang, while New Idea Network, Wangneng Environment (002034), Alibaba-W, Junxin Co. (301109), Zhongchen Technology (603275), and Ningbo Huaxiang (002048) exited the top ten [2][3]. Industry Insights - The global macroeconomic environment is characterized by the Federal Reserve's interest rate cuts, which are driving liquidity improvements and a rally in high-dividend assets, particularly in the financial sector [4]. - In the technology innovation sector, China's AI industry is experiencing significant breakthroughs, enhancing its core competitiveness and leading to explosive growth across the entire industrial chain from robotics to upstream hardware [5]. - In high-end manufacturing, China has made historic leaps to global leadership in precision processing and new energy vehicles, transitioning from a product importer to an exporter [5]. - Consumer trends are shifting towards pet economy and trendy consumer goods, with a preference for high cost-performance, experiential, and emotionally connected brands [5]. - In the pharmaceutical innovation sector, China has successfully transitioned from auxiliary research to becoming a global leader in original innovative drugs through years of technological accumulation and independent research [5]. Future Focus - The fund will concentrate on growth directions that have the potential to change the era, targeting companies with transformative capabilities [6].
广发基金吴远怡管理产品二季报披露 看好AI、高端制造、医药创新等领域
Zhi Tong Cai Jing·2025-07-21 00:05