Zheng Quan Zhi Xing·2025-08-27 09:36Core Viewpoint - The report provides a comprehensive overview of the performance and strategy of the Rongtong Leading Growth Mixed Securities Investment Fund (LOF) for the first half of 2025, highlighting its investment objectives, strategies, and financial performance metrics [1][3]. Fund Overview - Fund Name: Rongtong Leading Growth Mixed Securities Investment Fund (LOF) - Fund Manager: Rongtong Fund Management Co., Ltd. - Fund Custodian: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 975,864,971.20 shares [1][2]. - Investment Objective: Focus on companies that achieve sustained high growth through technological innovation and competitive advantages, aiming for long-term stable returns for investors [1][2]. Financial Performance - Realized Income for Class A/B: ¥22,092,765.81; for Class C: ¥51,570.37 [2]. - Profit for Class A/B: ¥39,598,103.23; for Class C: ¥108,317.62 [2]. - Average Fund Share Profit for Class A/B: 0.0418; for Class C: 0.0412 [2]. - Net Asset Value at Period End for Class A/B: ¥1,246,985,290.73; for Class C: ¥3,623,441.84 [2]. - Fund Share Net Value Growth Rate for Class A/B: 3.55%; for Class C: 3.31% [8]. Investment Strategy - The fund emphasizes a diversified investment strategy focusing on sectors with high growth potential, including export-oriented industries, new technology sectors (AI, semiconductors), and new consumer trends [8][9]. - The strategy aims to balance risk and return by investing in both cyclical and defensive sectors to optimize risk-adjusted returns [9][10]. Market Outlook - The market is expected to undergo significant changes in the next six months, with potential for a long-term bullish trend as macroeconomic pressures ease and liquidity improves [10][11]. - Key indicators to monitor include mid-year earnings reports and market liquidity, which may present strategic investment opportunities [11]. Fund Management - The fund management adheres to strict compliance with regulations and maintains a commitment to fair treatment of all investment portfolios [7][12]. - The fund has not engaged in any abnormal trading activities during the reporting period, ensuring the integrity of its operations [12].