ICBC(SH:601398) Zheng Quan Zhi Xing·2025-08-29 10:17Group 1 - The core viewpoint of the report is to provide a comprehensive overview of the performance and management of the Huaxia Preferred Allocation Equity Fund of Funds (FOF-LOF) for the first half of 2025, highlighting its investment strategies and financial results [1][2][3] - The fund aims for long-term capital appreciation through a diversified investment strategy that includes various asset classes such as stocks, bonds, and other financial instruments [1][2] - The fund's performance is benchmarked against a composite index consisting of the CSI 300 Index, Hang Seng Index, and a bond index, with a target risk and return profile higher than mixed and bond funds [1][2] Group 2 - As of June 30, 2025, the total fund shares amounted to 303,349,394.74, with a net asset value of approximately RMB 209.24 million [2][13] - The fund reported a realized loss of approximately RMB 6.39 million for Class A and RMB 0.31 million for Class C during the reporting period, with net profit margins of -2.18% and -2.37% respectively [2][3] - The cumulative net value growth rate for Class A was -30.98% and for Class C was -31.94%, indicating a significant decline in performance compared to the benchmark [2][3] Group 3 - The fund management company, Huaxia Fund Management Co., Ltd., has a long history and is recognized as one of the first national fund management companies in China, with a wide range of investment products and strategies [4][5] - The company emphasizes a research-driven investment approach to capture market opportunities and aims to provide good returns for investors [4][5] - The fund's investment strategy during the reporting period focused on high equity allocation, particularly in growth assets, while maintaining a balanced approach with consumer and financial sectors [9][10]