中金基金权益部基金经理丁天宇：主动权益类基金投资运作将迎三大积极变化

Group 1 - The core value and future direction of actively managed equity funds are under scrutiny as the public fund industry enters a new phase guided by the "Action Plan for Promoting High-Quality Development of Public Funds" [1] - The investment logic is expected to shift back towards balanced allocation and individual stock research, with a focus on embracing AI and other technological tools to create a differentiated competitive edge [1][4] Group 2 - The "Action Plan" emphasizes the strengthening of performance benchmarks, which will lead to three positive changes in the operation of actively managed equity funds: a shift away from excessive deviation from benchmarks, a closer relationship between fund performance and stock-picking ability, and better satisfaction of investors' demand for stable absolute returns [2] - The investment strategy should focus on accompanying excellent companies' growth rather than chasing market styles, with a methodology that includes assessing industry lifecycle, potential growth space, and sustainable profit models [3] Group 3 - The integration of fundamental research with AI technology is anticipated to enhance the investment methods and product forms of actively managed equity funds, allowing for more effective long-term fundamental analysis and improved information gathering [4] - Innovations in product design and investor engagement are expected, including more precise benchmarks reflecting risk-return characteristics and educational services aimed at countering human weaknesses in investment behavior [5]