股市回暖权益基金价值凸显 银华智享混合发行在即

Core Viewpoint - The A-share market is expected to experience a "spring surge" driven by factors such as rising foreign investment interest in Chinese assets and high market sentiment, with the launch of the Yinhua Smart Mixed Fund providing a new investment tool for investors targeting 2026 [1] Group 1: Market Overview - Since the initiation of the "924 market" in 2024, the A-share market has shown significant recovery, with a structural differentiation and increased volatility that favor active equity funds [1] - The Wind statistics indicate that the cumulative increase of the Wind偏股混合型基金指数 since the "924 market" is 63.06%, outperforming the CSI 300 index, which has increased by 49.11% during the same period [1] Group 2: Fund Launch and Features - Yinhua Fund is launching the Yinhua Smart Mixed Fund (Class A: 026261, Class C: 026262) on January 19, 2026, as a response to the favorable market conditions [1] - The fund is a new generation of floating fee rate products, where management fees are linked to holding time and performance, allowing for shared benefits and risks between the fund and its investors [1] Group 3: Fund Management and Performance - The proposed fund manager, Fang Jian, has 12.5 years of experience in the securities industry and over 7 years in investment management, focusing on buying good companies at reasonable prices for long-term holding [2] - Fang Jian has a strong track record with the Yinhua Hui Xiang Three-Year Regular Open Mixed Fund, which has achieved a net value increase of 71.74% since its inception, providing a 37.94% excess return compared to its benchmark [3] - Other funds managed by Fang Jian, such as Yinhua Integrated Circuit Mixed A and Yinhua New Growth Mixed A, have also shown significant returns, with increases exceeding 50% over the past year [3]