华商基金开年新品1月5日启航 叶峰管理践行“坚守价值拥抱变化”理念

Core Insights - The article discusses the launch of the Huashang Quality Selection Mixed Fund, which will be managed by fund manager Ye Feng, starting from January 5, 2026, aiming to create long-term sustainable returns for investors through a value-driven investment philosophy [1][11]. Fund Overview - The Huashang Quality Selection Mixed Fund will have a stock asset allocation of 60%-95% and can invest up to 50% of its stock assets in Hong Kong Stock Connect targets [6][16]. - The fund's performance benchmark is a combination of the CSI 300 Index return (60%), the CSI Hong Kong Stock Connect Composite Index (20%), and the China Bond Composite Index (20%) [6][16]. Fund Manager Profile - Ye Feng, a master's graduate from Peking University, has over 8 years of experience in the securities industry, including 3.5 years in securities investment [4][19]. - Ye Feng emphasizes a long-term, stable investment style, focusing on sectors such as TMT, consumer, manufacturing, and cyclical industries [4][14]. Performance Metrics - Since taking over the management of related products in May 2025, Ye Feng's funds have significantly outperformed their benchmarks by over 40 percentage points [4][5]. - Specific performance data from May 27, 2025, to November 30, 2025, shows the following returns: - Huashang Wan Zhong Innovation Flexible Allocation Mixed Fund A: 56.11% with a 43.89% excess return - Huashang Wan Zhong Innovation Flexible Allocation Mixed Fund C: 55.71% with a 43.49% excess return - Huashang Core Gravity Mixed Fund A: 56.82% with a 46.60% excess return - Huashang Core Gravity Mixed Fund C: 56.48% with a 46.26% excess return [5][15]. Investment Philosophy - Ye Feng's investment philosophy includes a commitment to value, focusing on in-depth research of fundamentals and valuation, while also being adaptable to positive changes in industry directions [4][14]. - The fund aims to select high-quality companies with sustainable competitive advantages and high intrinsic value through comprehensive analysis of business models, industry dynamics, profitability, management quality, and governance structures [6][16]. Future Outlook - Ye Feng plans to focus on investment opportunities within the AI industry and related sectors, emphasizing the need for detailed research and pricing strategies [8][18]. - The investment strategy will aim for a balanced portfolio across industries while concentrating on specific stocks to manage potential market volatility [8][18].