首批基金一季报出炉

Core Viewpoint - The first quarter reports of 2025 show significant returns for thematic funds focused on humanoid robotics, indicating a strong shift in investment strategies towards emerging sectors [1][2][3]. Fund Performance - Ping An Advanced Manufacturing Theme A Fund achieved a return of 53.65%, while Huafu Technology Momentum Mixed A Fund recorded a return of 37.12%, both outperforming their benchmarks [1][2]. - The top ten holdings of these funds have undergone substantial adjustments, reflecting a strategic pivot towards the humanoid robotics industry [1][3]. Investment Strategy - Both funds are heavily invested in the humanoid robotics sector, with Ping An Advanced Manufacturing Theme A focusing on companies like Hengli Hydraulic and Zhejiang Rongtai, while Huafu Technology Momentum Mixed A covers various segments of the humanoid robotics supply chain [3][4]. - The management scale of Huafu Technology Momentum Mixed A Fund increased from 1.08 million shares to 6.70 million shares, indicating strong investor interest in high-growth sectors [3]. Market Outlook - Fund managers express optimism about the humanoid robotics industry, likening its growth trajectory to that of smartphones and electric vehicles, with a longer sustainability cycle and larger market capacity [5][6]. - Despite the positive outlook, fund managers caution about high valuations and potential short-term volatility in the humanoid robotics sector, advising investors to adopt a rational and phased investment approach [4][6].