成立两年半净值翻倍，嘉实全球产业升级是如何做到的？

Core Viewpoint - The semiconductor sector has shown strong performance recently, driven by multiple factors including cyclical recovery and AI computing power, leading to improved performance of related active equity funds [1] Group 1: Fund Performance - The Jiashi Global Industrial Upgrade Fund, focused on global semiconductor investments, has seen its cumulative net value exceed 2 yuan since its establishment on February 9, 2023, with a doubling in value [1] - The fund's success is attributed to its forward-looking positioning in technology semiconductor companies amid global industrial upgrade trends [1] Group 2: Top Holdings - The top ten holdings of the Jiashi Global Industrial Upgrade Fund include several leading semiconductor stocks, with NVIDIA being the largest holding at 6.99% and having been held for 9 consecutive periods [2] - Other significant holdings include Synopsys (6.81%, 8 times), Micron Technology (6.55%, 2 times), and Texas Instruments (6.43%, 2 times) [2] Group 3: Investment Strategy - The fund manager, Chen Junjie, has extensive experience in the semiconductor industry and focuses on selecting quality stocks across US, A-share, and Hong Kong markets to pursue long-term sustainable returns [4] - Jiashi has been tracking the potential of AI since 2016 and has established a dedicated research team for smart and semiconductor industries, aiming to capture emerging growth opportunities [4] Group 4: Market Outlook - The semiconductor sector is currently experiencing a structural upturn driven by AI computing demand, which is expected to enhance overall industry demand [5] - Chen Junjie anticipates that the semiconductor industry will continue to benefit from a combination of cyclical recovery and technological innovation, leading to a "sweet spot" for growth [5] Group 5: Investment Approach - For ordinary investors, participating in the fund through regular investment can help mitigate the high volatility associated with the tech sector while benefiting from professional stock selection [6] - The fund's strategy aims to achieve steady asset allocation through gradual investment and long-term holding [6]