【干货】一图看懂2025年半年报，投顾组合基金背后的投资秘诀

Core Viewpoint - The article provides an overview of the updated active fund manager pool information for the 2025 semi-annual report, highlighting various metrics such as investment style, stock ratio, industry preference, turnover rate, valuation of heavy holdings, concentration of holdings, and fund size [1][3][36]. Summary by Sections Fund Manager Information - The article lists various fund managers along with their respective funds, categorized by investment style such as value and growth [4][6][16][17]. Key Metrics - The article emphasizes the importance of several key metrics when analyzing fund performance, including: - Investment Style: Different funds exhibit varying performance based on their investment styles, with value and growth styles showing distinct phases of strength [38][41]. - Stock Ratio: Active funds typically maintain a stock ratio around 90%, with higher ratios indicating greater volatility [45][46]. - Industry Preference: Fund managers often focus on specific industries where they have expertise, which can influence their investment decisions [50][52]. - Holding Concentration: The concentration of the top ten holdings can indicate potential volatility, with higher concentrations leading to greater fluctuations [55][56]. - Heavy Holdings Valuation: The valuation of top holdings is assessed to gauge the fund's overall performance, with growth style funds generally having higher valuations [61]. - Turnover Rate: A turnover rate below 200% is considered low for active funds, indicating stability in the fund's portfolio [62][63]. - Fund Size: The size of the fund can impact its ability to generate excess returns, with larger funds facing more challenges [65][66]. Fund Manager Insights - The article discusses the significance of fund managers' insights in their reports, which include reflections on past performance and future market outlooks, with the latter being particularly important for investors [68][70].