业绩突围！富国基金旗下科技基金近一年净值表现亮眼，锐度从何而来？

Core Viewpoint - Investors are seeking quality assets that can penetrate market uncertainties and anchor future growth, with a focus on core sectors rather than a broad approach. The Fuqua Emerging Industries Equity A fund (001048) exemplifies this strategy, achieving a net value growth rate of 104.98% over the past year, significantly outperforming the benchmark of 15.90% [1][2]. Performance Summary - The fund has demonstrated strong performance with a net value growth of 130.99% over the past five years, compared to a benchmark return of only 10.29%, resulting in an excess return of over 120 percentage points [5]. - In the last year, the fund achieved a net value doubling of 104.98%, outperforming the benchmark by nearly 90 percentage points [6][9]. - Since its inception, the fund has recorded a total net value growth of 278.60%, against a benchmark return of 38.30%, leading to an excess return of 240.30% [9]. Investment Strategy and Focus - The fund manager, Sun Quan, has a deep understanding of industry trends and employs a clear and evolving investment framework, focusing on technology growth sectors [1][12]. - The investment strategy has evolved from a broad focus on various emerging industries to a concentrated emphasis on "artificial intelligence and semiconductors," reflecting a refined understanding of market dynamics [10][11]. - The investment logic has transitioned from a "single engine" approach centered on domestic self-sufficiency to a "dual-driven" model that incorporates global AI capital expenditure, enhancing the robustness of the investment rationale [14]. Manager's Expertise - Sun Quan, with over 12 years of experience in the securities industry and a background in electronic engineering from Tsinghua University, has developed a systematic investment strategy that emphasizes growth and in-depth research [12][13]. - His investment philosophy focuses on identifying competitive companies within promising sectors, prioritizing long-term trends and growth potential over short-term market timing [13]. Future Outlook - The AI industry is entering a new phase that requires hardware implementation and application validation, suggesting that investors should focus on long-term trends rather than short-term fluctuations [15]. - The emphasis on maintaining a forward-looking perspective and patience in investment choices is crucial for capitalizing on the ongoing technological innovations driving the market [15].