穿越周期！华商润丰混合A近5年收益率超216%

Core Viewpoint - The article highlights the investment philosophy and performance of Hu Zhongyuan, Deputy General Manager of the Multi-Asset Investment Department at Huashang Fund, emphasizing his focus on risk-reward ratios and industry comparisons in equity investments [1][6]. Performance Summary - Hu Zhongyuan's flagship fund, Huashang Runfeng Flexible Allocation Mixed A, has achieved a remarkable return of 216.63% over the past five years, significantly outperforming the benchmark return of 13.13% [1][5]. - The fund has consistently generated positive returns each year from 2019 to 2024, showcasing its ability to navigate through market fluctuations [1][2]. - As of September 30, 2025, the fund ranks in the top ten of its category for 1, 3, 5, and 7-year performance according to data from Galaxy Securities [1][4]. Investment Philosophy - Hu Zhongyuan prioritizes the risk-reward ratio in his investment approach, focusing on industry comparisons rather than individual stock selection [6][8]. - His strategy involves a balanced allocation across various sectors, with no single segment exceeding 30% of the portfolio, thereby mitigating risks through diversification [6][7]. - The investment process is driven by a thorough understanding of industry trends, allowing for timely adjustments based on market conditions [8]. Future Outlook - Hu Zhongyuan expresses optimism about the equity market, particularly in sectors related to artificial intelligence, consumer goods, and pharmaceuticals, anticipating significant investment opportunities [9]. - He notes the ongoing development of AI technologies and their expanding applications across various industries as a key area for future investment [9].