华商基金胡中原：代表作华商润丰混合A近1、3、5、7年业绩同类前十

Core Viewpoint - The article highlights the impressive performance of Hu Zhongyuan, Deputy General Manager of the Multi-Asset Investment Department at Huashang Fund, particularly through the Huashang Runfeng Flexible Allocation Mixed Fund, which has achieved a remarkable return of 216.63% over the past five years, significantly outperforming its benchmark [1][16]. Performance Summary - The Huashang Runfeng Flexible Allocation Mixed Fund has consistently delivered positive returns each year from 2019 to 2024, showcasing its ability to navigate through market fluctuations [1][16]. - As of September 30, 2025, the fund's one-year return stands at 110.75%, with a three-year return of 160.08% and a five-year return of 216.63%, compared to its benchmark returns of 13.74%, 21.44%, and 13.13% respectively [8][21]. - The fund ranks in the top ten of its category for the past 1, 3, 5, and 7 years, indicating strong relative performance [1][19]. Investment Philosophy - Hu Zhongyuan emphasizes the importance of risk-reward ratio in his investment philosophy, focusing on industry comparisons and maintaining a diversified portfolio [9][22]. - The investment strategy involves a balanced allocation across various sectors, with no single sector exceeding 30% of the portfolio, thereby mitigating risks associated with market volatility [9][22]. - The approach includes a thorough analysis of industry trends and a commitment to fundamental research, avoiding speculative trading [9][22]. Future Outlook - Looking ahead, Hu Zhongyuan expresses optimism about the equity market, particularly in sectors related to artificial intelligence, as well as changes in the consumer and pharmaceutical sectors driven by demographic shifts and innovation in China [12][25]. - The ongoing development of AI models and their expanding applications across industries present significant investment opportunities [12][25].