“耐力型”权益选手集体涌现，工银瑞信以平台优势锻造长期价值

Core Viewpoint - The performance of equity funds in 2025 has shown a significant recovery, with a notable resurgence in growth momentum for equity assets, particularly highlighted by the strong performance of ICBC Credit Suisse Asset Management's equity investment team, which has demonstrated exceptional investment capabilities [1][3][4]. Group 1: Performance Highlights - ICBC Credit Suisse ranked first in absolute and excess returns over the past seven years among 13 large equity firms, and third and second in the last five years respectively [3]. - By the end of 2025, 18 equity funds under ICBC Credit Suisse received five-star ratings from Morningstar for three, five, and ten-year periods, while 19 actively managed equity funds received five-star ratings from Galaxy Securities [3]. - The fund "ICBC Intelligent Manufacturing Stock A" achieved a return of 70.91% in 2025, significantly outperforming its benchmark return of 35.71% [5][8]. Group 2: Key Fund Managers and Strategies - Fund managers Marina and Li Shaozhao have been pivotal in leading the technology sector investments, with Marina focusing on semiconductors and Li on hard technology [6][7]. - Marina's fund "ICBC New Emerging Manufacturing Mixed" ranked first in its category over the past five years, benefiting from her deep expertise in the semiconductor industry [6]. - Li's fund "ICBC Intelligent Manufacturing Stock A" has a diversified portfolio covering multiple high-tech sectors, demonstrating flexibility in adjusting holdings based on market conditions [8][9]. Group 3: Sector-Specific Insights - The ICBC healthcare team has also excelled, with the "ICBC New Economy Mixed A" fund achieving a return of 69.43% in 2025, while the "ICBC Health Industry Mixed A" fund returned 53.69% [10][11]. - The healthcare team's success is attributed to their strategic focus on innovative drugs and a robust understanding of the pharmaceutical industry [10][11]. - The "ICBC New Energy Vehicle Mixed A" fund recorded a return of 56.88%, showcasing the team's effective management and market differentiation [12][13]. Group 4: Investment Philosophy and Team Structure - ICBC Credit Suisse employs a unique team-based management model, allowing for specialized focus on different segments of the industry, enhancing research depth and investment precision [12][14]. - The collaborative approach among fund managers ensures comprehensive coverage of the market, balancing depth and breadth in investment strategies [19][20]. - The firm emphasizes long-term investment strategies, fostering a culture of continuous improvement and systematic research capabilities [32][33].