记者观察｜从泉果旭源三年持有期基金到期谈起

Core Insights - The performance of the Quan Guo Xu Yuan three-year holding period fund has improved significantly, allowing investors to redeem their investments after a challenging period [17][18] - The fund was established on October 18, 2022, and after three years of volatility, it has recently seen a net value increase of approximately 40% [17][19] - Investors initially had high expectations due to the fund manager's previous accolades, but the fund faced significant declines during the downturn in the new energy sector [17][19] Fund Performance - As of October 16, 2023, the fund's net value reached 1.0558 yuan, recovering from a significant drop experienced in the past years [17][19] - The fund's recovery is attributed to the manager's focus on quality companies and a consistent investment style, which has allowed it to navigate market fluctuations effectively [18][19] Investment Strategy - The investment philosophy emphasizes selecting fund managers based on their long-term sustainable investment frameworks rather than short-term trading abilities [18] - A consistent investment style focusing on high-quality enterprises is deemed more effective than frequent trading, especially during market downturns [18][19] - The ability of fund managers to adapt and evolve their strategies in response to market changes is crucial for identifying new investment opportunities [18][19] Industry Trends - The industry has seen the issuance of over 300 holding period funds from 2020 to 2024, with varying performance outcomes [19] - Many funds have struggled due to a lack of mature investment frameworks and a tendency to chase market trends, leading to prolonged underperformance [19]