成长投资的“价值派”：浮动管理费新品值得关注

Core Viewpoint - The article discusses the oscillation between "growth" and "value" styles in the A-share market, emphasizing the need for growth-style funds to help investors manage volatility while pursuing high growth opportunities [1] Group 1: Investment Philosophy - Chen Peng, General Manager of the Growth Investment Department at Anxin Fund, advocates for a growth investment strategy driven by value analysis, viewing it as a manageable journey based on in-depth research and risk control [1][3] - The essence of growth investing lies in capturing excess returns as companies mature, while using value metrics to assess risks and opportunities [3] Group 2: Performance Metrics - The Anxin New Return Flexible Allocation Fund, managed by Chen Peng, achieved a cumulative return of 219.26% from July 10, 2019, to December 31, 2025, significantly outperforming its benchmark of 18.30% [5][6] - The fund's historical annualized return stands at 19.60%, showcasing resilience through various market cycles due to its commitment to "growth value" [5] Group 3: Investment Strategy - Chen Peng emphasizes a balanced approach to growth investing, advocating for diversified exposure across multiple promising sectors to mitigate risks associated with concentrated bets on hot industries [8][9] - Key considerations in stock selection include focusing on industries with sustained upward trends, identifying companies with competitive advantages, and timing investments based on market conditions [8] Group 4: Market Outlook - Despite recent market fluctuations, Chen Peng remains optimistic about growth opportunities in sectors like AI, innovative pharmaceuticals, and new energy, viewing short-term market noise as a backdrop to long-term investment potential [12] - The current economic transition presents numerous opportunities in emerging growth industries, reinforcing the importance of understanding fundamental risks and opportunities in investment decisions [12] Group 5: New Initiatives - A new floating management fee product, Anxin Growth Win Mixed Fund, is set to launch, aiming to align the interests of fund managers and investors more closely [15] - This initiative reflects a commitment to making the growth investment journey more sustainable and supportive for investors [15]