Core Insights - The fund "泉果思源三年持有期混合C" (Fund Code: 018330) was established on June 2, 2023, with a total management scale of 2.092 billion yuan, aiming for long-term stable asset appreciation through in-depth research and analysis of quality listed companies [1][2] - As of September 24, 2025, the fund achieved a one-year return of 50.25%, outperforming the benchmark growth rate of 31.30% and exceeding the average return of mixed funds during the same period [1] - Over the past two years, the fund's return was 31.93%, which is higher than the performance benchmark of 24.06% [2] Fund Manager Profile - The current fund manager, 刚登峰, has 16 years of experience in the securities industry and holds a master's degree in management from Shanghai Jiao Tong University [2] - He has previously managed several funds, including "东方红睿丰灵活配置混合型证券投资基金" and "东方红优势精选灵活配置混合型发起式证券投资基金" [2] Market Outlook - The fund manager indicated that trade negotiations are crucial for setting the tone for the current trade conflict and determining the extent of domestic policy adjustments [3] - The domestic economy showed good performance in the first half of the year, but there are signs of weakening demand and pressure in the real estate market [3] - There is a notable phenomenon where leading companies listed in Hong Kong are trading at a significant premium compared to their A-share counterparts, which is historically rare [3] - The manager believes that leading companies in A-shares are undervalued and that there is substantial room for valuation recovery in the long term [3] - With household deposits reaching approximately 160 trillion yuan, there is a mismatch between undervalued quality companies and the large amount of capital seeking high-yield investment opportunities [3]
超额收益明显！泉果基金旗下泉果思源三年持有期混合C(018330)近一年回报达50.25%