华商均衡成长混合基金近1年、3年业绩排名均列同类前十

Core Viewpoint - The article emphasizes the importance of value investing amidst a global wave of technological innovation, highlighting the need to focus on industry trends for sustainable long-term performance [1][6]. Fund Performance - As of December 10, 2025, the net value growth rate of Huashang Balanced Growth Mixed Fund A reached 140.87% for the year [1][6]. - According to data from Galaxy Securities, Huashang Balanced Growth Mixed Fund C ranked seventh in its category for both the past year and the past three years [1][6]. - The performance comparison shows that the fund's net value growth rates for the year are 139.53% for Fund C and 140.87% for Fund A, with a benchmark return of 23.89% [2][7]. Investment Philosophy - Zhang Mingxin, the fund manager, advocates for value investing as a sustainable investment strategy, emphasizing the need for comprehensive value assessment and reasonable pricing to provide a safety margin [5][11]. - The focus is on identifying industries in an upward economic cycle to achieve new highs, utilizing cross-industry comparisons and in-depth research of the industrial chain to find alpha stocks that can deliver significant returns [5][11]. Market Trends - The article notes that the AI industry trend is strengthening, with AI applications reshaping various sectors and increasing investments from major overseas companies [5][11]. - The fund's strategy includes maintaining core allocations in overseas computing power while also participating in domestic AI and semiconductor sectors [12]. Fund Management Background - Zhang Mingxin holds a master's degree in science and is a Chartered Financial Analyst (CFA), with 10 years of experience in the securities industry, including 5.3 years in research and 4.7 years in investment [8][10].