华商均衡成长混合A 2025年涨超137% 基金经理张明昕展望2026

Core Viewpoint - The A-share market has started strong in 2026, with the Shanghai Composite Index rising by 3.82% to surpass 4100 points in the first week, indicating a potential spring rally and active trading environment [1][13] Market Outlook - The overall upward trend in the market is expected to continue in 2026, with increased volatility and significant structural opportunities, particularly in sectors such as AI, robotics, innovative pharmaceuticals, solid-state batteries, and new consumption [1][6][7] - The macroeconomic environment is anticipated to foster a relatively loose liquidity situation in the first quarter, supported by proactive total policies [6][16] Investment Strategy - The investment approach emphasizes value-driven industrial trend investments rather than short-term speculation in single sectors [4][15] - Investors are encouraged to maintain a broad perspective and not limit themselves to specific directions, focusing on systematic tracking and assessment of industry trends [6][18] Sector Focus - The AI sector is highlighted as a core investment area, with strong performance in AI applications such as software and healthcare, alongside ongoing developments in overseas computing power [7][17] - Other sectors of interest include solid-state batteries, robotics, and innovative pharmaceuticals, with a focus on policy support and market potential [7][17][18] Fund Performance - The Huashang Balanced Growth Mixed Fund A achieved a remarkable annual growth of 137.15% in 2025, ranking 4th among 1895 similar funds, showcasing strong active management capabilities [4][5][16] - The fund's performance significantly outpaced the benchmark return of 25.78% during the same period [5][16]