A股结构分化加剧均衡基金重回投资视野

Core Viewpoint - The A-share market is experiencing high volatility, and investors are focusing on strategic positioning to achieve excess returns while controlling risks [1] Group 1: Fund Performance - The Guangfa Balanced Growth Fund has shown strong performance with a one-year return of 55.03%, outperforming its benchmark by 23.89% [1] - The fund's maximum drawdown since inception is 12.59%, which is lower than the over 15% drawdown of the CSI 300 Index and the Wind Mixed Equity Fund Index [1] - The fund's Sharpe ratio is 2.05, placing it in the top 1% among 4180 mixed equity funds [1] Group 2: Fund Manager and Strategy - Yang Dong, the fund manager, has 19 years of experience and focuses on top-down industry selection followed by bottom-up stock selection [2] - The fund's portfolio is diversified across various industries, with significant allocations in electronics, communications, and innovative pharmaceuticals [2] - The top ten holdings account for 41.18% of the fund's net asset value, with individual stock weights ranging from 1% to 2% [2] Group 3: Future Outlook - Yang Dong is optimistic about the A-share market, highlighting three trends: the growth of industries like AI and electronics, a shift in asset allocation towards equities and funds, and supportive policies that may stabilize the market [3]