华商基金张明昕管理华商均衡成长混合C近1年业绩排名同类第三

Core Viewpoint - During the "14th Five-Year Plan" period, China's economic strength, technological capabilities, and overall national power have reached new heights, leading to a vibrant capital market. Huashang Fund remains committed to prioritizing the interests of its investors, adhering to active management, and pursuing high-quality development [1][16]. Fund Performance - As of December 31, 2025, Huashang Fund's active equity funds achieved an absolute return of 90.58% over the past five years, ranking 5th among 139 comparable companies. Over seven years, the absolute return reached 341.72%, placing it 4th among 121 peers [16]. - The company's active fixed-income funds recorded a five-year absolute return of 45.22%, ranking 1st among 126 comparable firms, and a seven-year absolute return of 100.14%, also ranking 1st among 112 peers [16]. Awards and Recognition - In December 2025, Huashang Fund was awarded the "Active Equity Investment Golden Bull Fund Company Award" by China Securities Journal during the 22nd Fund Industry Golden Bull Awards, highlighting its impressive long-term performance [16]. Specific Fund Highlights - The Huashang Balanced Growth Mixed Fund, managed by Zhang Mingxin, has shown outstanding performance, ranking 3rd in its category for the past year and 5th over the past three years as of December 31, 2025 [2][17]. - The Huashang Balanced Growth Mixed C fund is classified as an equity fund with a stock allocation limit of 60%-95% [17]. Management Philosophy - Zhang Mingxin, the General Manager of the Equity Investment Department at Huashang Fund, emphasizes that value investing is a sustainable investment approach. He advocates for comprehensive value assessment and reasonable pricing to provide a good margin of safety, which is fundamental to investment [20]. - The company recognizes that its development is closely tied to the future of the Chinese economy and the call for building a strong financial nation, emphasizing the importance of high-quality development and active management [20].