易方达基金：以长期主义穿越周期

Core Viewpoint - Long-termism is emphasized as a core principle for navigating market cycles, with E Fund adhering to the mission of "discovering value and creating the future" since its inception [1] Group 1: Long-term Performance and Investment Philosophy - E Fund's investment philosophy is centered on deep research and a long-term perspective, believing that the essence of investment is value discovery [1][2] - The company has cultivated a group of experienced fund managers, with five managers having over 10 years of tenure and annualized returns exceeding 10% as of November 2025 [1] - E Fund's flagship fund, E Fund Kexiang, has achieved a net value growth rate of 1180.4% and an annualized return of 16.1% since its transformation into an open-end fund in 2008 [2] Group 2: Research and Management Innovation - The active equity team at E Fund emphasizes in-depth research and has established multiple research groups covering various sectors, including pharmaceuticals, TMT, and ESG [3] - E Fund has adopted an innovative "big platform, small team" management model to enhance resource integration and professional focus [4] - The platform supports investment teams by providing comprehensive back-office functions, allowing them to concentrate on research and investment [4] Group 3: Talent Development and Cultural Transmission - E Fund prioritizes talent development through a structured training system, focusing on aligning new hires with the company's culture [5][6] - The company employs a mentorship system where experienced researchers guide newcomers, ensuring research aligns with investment needs [6] - E Fund promotes a culture of long-term, value, and responsible investing, fostering a collaborative environment among team members [6][7] Group 4: Future Outlook - E Fund aims to continue its commitment to long-termism, enhance its talent pipeline, and leverage technology to improve investment management and client services [7]