成立六载业绩领跑！国泰研究精选解锁浮动费率基金成长密码

Core Insights - The article highlights the successful establishment and performance of Guotai Research Select Fund, which has achieved a cumulative return of 164.70% since its inception, outperforming its peers in the floating management fee fund category [1] - The year 2025 is identified as a pivotal year for floating fee rate funds, with regulatory support encouraging the adoption of this model in the public fund industry [1] Fund Performance - Guotai Research Select Fund has a management fee of 0.8% per year, which is lower than the average for mainstream actively managed equity products [1] - The fund ranks in the top 8% among its peers over the past year and in the top 10% over the past five years, demonstrating the effectiveness of its floating fee rate mechanism combined with quality research capabilities [1] Investment Strategy - The fund manager, Xu Zhibiao, employs a bottom-up approach focusing on long-term, high-growth companies that are often overlooked by the market, emphasizing a strategy of contrarian investing and long-term value [2][3] - The fund's investment principles include selecting high-quality sectors, leading companies, and ensuring strong financial metrics, with a particular emphasis on the qualities of the entrepreneur [3] Risk Management - Guotai Research Select Fund employs strict risk control measures, including careful stock selection based on company qualifications and valuation, as well as balanced industry allocation to mitigate risks from sector volatility [3] - The fund's design includes a two-year holding period to encourage long-term investment and stabilize the fund's capital structure, which aids in pursuing excess returns [3] Market Outlook - Xu Zhibiao anticipates that the current slow bull market in A-shares will continue, with a positive outlook on technology growth sectors, particularly companies that have established localized operations abroad [4] - The transition to floating fee rate mechanisms in the active equity fund sector is expected to lead to the emergence of more high-quality products like Guotai Research Select, enhancing investor satisfaction and promoting healthy development in the public fund industry [4]