Group 1 - The core investment strategy focuses on identifying stocks within cyclical industries that can achieve sustainable growth independent of industry cycles, particularly in sectors like basic chemicals, machinery, and electronics [7][10][12] - The cyclical growth fund pool has shown an annualized return of 17.44% from February 7, 2014, to February 6, 2026, outperforming the equity fund index by 7.31% [12][17] - The fund pool's performance is significantly influenced by market style shifts, with notable contributions from industry allocation, stock selection, and dynamic adjustments [17][22] Group 2 - The definition of cyclical growth funds is based on the attributes of the holding industries and stocks, requiring a minimum of 60% average growth stocks in the top holdings and at least 40% cyclical growth stocks [26] - The selection process for the cyclical growth fund pool emphasizes funds with strong trading capabilities and high management efficiency, resulting in a list of selected funds [27][28] - The report highlights a balanced industry allocation within the cyclical growth fund pool, with increased exposure to cyclical, pharmaceutical, and TMT sectors while reducing allocations to manufacturing and consumer sectors [22][24]
基金分析报告：周期成长基金池202602：2025年实现较高超额
Guolian Minsheng Securities·2026-02-14 02:09