新兴成长基金池：短期波动较高

Group 1 - The emerging growth investment strategy focuses on selecting sectors with low penetration rates and significant growth potential, primarily in mechanical, TMT, and electric new industries [1][7][19] - The emerging growth fund pool has shown strong performance with an annualized return of 14.54% from February 7, 2014, to May 8, 2025, outperforming the equity fund index by 6.80% [1][11][13] - The fund pool exhibits high volatility with an annualized volatility of 25.71% and a Sharpe ratio of 0.57, indicating a high-risk, high-reward profile [1][11][14] Group 2 - The fund pool demonstrates strong industry allocation capabilities, consistently contributing to excess returns, with a recent focus on TMT and electric new sectors [2][19] - The definition of emerging growth funds is based on the proportion of growth stocks in their holdings, with a minimum of 30% in emerging growth stocks [2][23] - The selected emerging growth funds are characterized by high momentum and favorable market trends, with a focus on sectors experiencing high demand [2][24] Group 3 - The latest emerging growth fund list includes funds such as Penghua HuShenHong Emerging Growth A, which has a return of 38.28%, and Invesco Great Wall Quality Evergreen A, with a return of 10.17% [2][24] - The fund pool's sector allocation has shifted over time, with a recent increase in the manufacturing sector's share [19][20] - The report highlights specific high-growth sectors, including specialized computer equipment, emerging software, and cloud infrastructure services, with projected net profit growth rates exceeding 100% in some cases [8][10]