落实高质量发展 大成基金启动科技投资投教同行会活动

Core Viewpoint - The event themed "Technology Rising, High-Quality Development" initiated by Dacheng Fund aims to enhance investor education and promote rational long-term investment decisions in the technology sector, which is seen as a long-term growth area for new productive forces [1] Group 1: ETF Investment Insights - Dacheng Fund's Executive Director of Index and Futures Investment Department, Sun Yu, highlighted the growing importance of passive investment, noting that in 2023, the scale of passive investment in the U.S. surpassed that of active investment for the first time, with domestic ETF scale exceeding 5 trillion [2] - Sun Yu emphasized the need for matching different market characteristics with appropriate strategies, suggesting that during the market turbulence from 2021 to 2023, a "barbell" strategy was favored, while currently, the technology sector presents clear opportunities for high growth [2] Group 2: AI Investment Opportunities - Fund Manager Du Cong provided insights on AI investment opportunities, indicating that North America's major cloud service providers are investing billions annually in AI infrastructure, although revenue remains low as they are still in the investment phase [3] - Du Cong noted that the potential of generative AI is driving an increase in investment cash flow relative to operational cash flow, suggesting that AI remains a significant area for capital market participation despite potential short-term adjustments [3] Group 3: Dacheng Fund's Investment Philosophy - Dacheng Fund has established a competitive advantage based on long-term investment capabilities, with a strong reputation for active equity investment, particularly in the technology sector, which has seen significant growth in 2025 [4] - The fund is expanding its investment team to provide better asset management services and is enhancing its passive investment product offerings to support investors in index investments [4]