嘉实基金：新兴产业引领成长 深度把握多元机遇

Core Viewpoint - The "14th Five-Year Plan" emphasizes the importance of emerging and future industries, identifying key sectors such as new energy, new materials, aerospace, and low-altitude economy, which are crucial for building a modern industrial system and fostering new productive forces [3][4]. Emerging Industries - The four major emerging industries highlighted are new energy, new materials, aerospace, and low-altitude economy, while six future industries include quantum technology, biomanufacturing, hydrogen and nuclear fusion, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communication [3]. - Emerging industries have established clear industrial forms and development models, transitioning from "quantitative accumulation" to "qualitative leaps," presenting significant growth opportunities [3]. Investment Insights - Investment in emerging industries requires a deep understanding of the entire cycle from technological emergence to commercial realization, focusing on pioneering companies that can define the future and build competitive barriers [3]. - The core themes of advanced manufacturing revolve around "development, safety, and low carbon," indicating a strategic focus for investors [3]. New Energy and New Materials - New energy is essential for economic operation, with the "14th Five-Year Plan" introducing the "Energy Power" strategy to accelerate the construction of a new energy system and expand green electricity applications [6]. - New materials are critical for modern economies and high-end manufacturing, with increasing demand driven by technological advancements and applications in AI and new energy [6]. - The investment landscape includes over 15 actively managed funds focused on new energy and new materials, with notable performance metrics indicating substantial returns [8]. Aerospace and Low-altitude Economy - The aerospace sector is becoming a strategic focal point for national competition, with significant market opportunities emerging from commercial space exploration and advancements in green aviation and smart manufacturing [11]. - The low-altitude economy is recognized as a new growth engine, with a clear market scale and timeline outlined by the government, presenting investment opportunities across various sectors [11]. Fund Performance - Several funds have shown exceptional performance, such as the Jia Shi Environmental Low Carbon Fund, which has achieved a net value growth of 223.4% since its inception, significantly outperforming its benchmark [8]. - The Jia Shi New Energy and New Materials Fund has also demonstrated strong returns, with a net value increase of 173.43% since its establishment [8]. Product Offerings - Jia Shi Fund has systematically laid out a range of products in the new energy and new materials sectors, including ETFs that cover upstream materials, power generation, and energy storage, ensuring comprehensive market coverage [9]. - The high-end equipment ETF tracks a specialized index, providing investors with targeted exposure to the aerospace and high-end manufacturing sectors [12].