布局发起式基金：中邮基金权益投资布局的深层逻辑

Core Viewpoint - The article discusses the launch of a series of activities aimed at promoting the high-quality development of public funds in Beijing, emphasizing the importance of investor education and protection in line with the regulatory framework established by the China Securities Regulatory Commission [1] Group 1: Industry Transformation - The public fund industry is transitioning from a "scale-oriented" approach to a "value-oriented" one, with the emergence of initiated funds as a key vehicle for high-quality development [2] - Initiated funds have seen significant growth, with over 2,000 funds and a total scale exceeding 3.3 trillion yuan, of which equity initiated funds account for 49%, an increase of 38 percentage points since 2020 [2] Group 2: Zhongyou Fund's Initiated Fund Strategy - Zhongyou Fund has been exploring the initiated fund model since 2018, creating a matrix of equity initiated funds that focus on long-term value and investor needs [3] - The fund's strategy includes investing in sectors aligned with national priorities, such as new energy and high-end manufacturing, while also catering to diverse risk preferences among investors [3] Group 3: Value Creation Framework - Zhongyou Fund's approach to initiated funds is based on a threefold value creation framework: interest binding, long-term investment, and value creation [4] - The interest binding mechanism links the earnings of fund managers and research teams directly to investor returns, fostering trust and aligning interests [5] - Long-term investment strategies allow the fund to focus on the growth of quality companies, minimizing the impact of short-term market fluctuations [7] - A robust research and risk management system supports the fund's ability to create value, ensuring thorough industry analysis and stock selection [8] Group 4: Promoting Inclusive Finance and Investor Education - Zhongyou Fund actively promotes inclusive finance and investor education through various outreach initiatives, helping investors understand the significance of long-term investment and the mechanics of the initiated fund model [9] Group 5: Commitment to High-Quality Development - The ongoing development of initiated funds by Zhongyou Fund aligns with the regulatory emphasis on prioritizing investor interests and reflects a commitment to the core principles of public funds [10]