坚守价值拥抱变化 华商基金叶峰新品华商品质甄选混合1月23日结束募集

Core Viewpoint - The article highlights the launch of the Huashang Quality Selection Mixed Fund, which aims to create long-term sustainable returns for investors by adhering to the core investment philosophy of "upholding value, embracing change, and dynamic balance" [1][8]. Fund Overview - The Huashang Quality Selection Mixed Fund (Class A: 026177, Class C: 026178) will end its fundraising period on January 23, 2026 [1][6]. - The fund will be managed by Ye Feng, the Assistant General Manager of the Research and Development Department at Huashang Fund [1][2]. Investment Strategy - The fund will allocate 60%-95% of its assets to stocks, with a maximum of 50% invested in Hong Kong Stock Connect targets [10][11]. - Ye Feng emphasizes a "dynamic balance approach" to portfolio management, focusing on quality growth stocks when they are relatively cheap and reliable value opportunities when value stocks are low [3][9]. - The fund will prioritize companies with sustained competitive advantages and high intrinsic value, maintaining a long-term perspective in stock selection [10][11]. Market Focus - Ye Feng plans to focus on opportunities within the AI industry and its sub-sectors, while also considering AI applications, AI + new energy, innovative pharmaceuticals, non-ferrous metals, and certain cyclical sectors [3][10]. - The investment strategy will adapt to changing market conditions, aiming for a balanced industry exposure while concentrating on select stocks to manage potential market volatility [4][10]. Performance Metrics - As of December 31, 2025, Huashang Fund's actively managed equity funds achieved a five-year absolute return of 90.58%, ranking 5th among 139 comparable fund companies [11]. - Over a seven-year period, the absolute return reached 341.72%, placing 4th among 121 comparable companies [11].