“出圈” 求生！消费主题基金“跨界”寻超额收益

Group 1 - The core viewpoint of the article highlights the disparity in performance among consumer-themed funds, with some achieving significant returns while others lag behind, particularly in the context of a strong technology sector [1][3][10] - In the third quarter, both traditional and new consumer sectors showed poor performance, with many stocks experiencing limited gains or slight declines, while certain thematic funds managed to outperform, achieving returns comparable to technology stocks [1][7][11] - The article emphasizes the importance of how "consumption" is defined, which influences the investment strategies of various funds, with some adopting a broad view that includes multiple sectors beyond traditional consumer goods [9][10] Group 2 - The article provides specific performance data for consumer-themed funds, noting that the Hai Fu Tong Consumer Preferred Fund led with a return of 82.25%, while others like Yongying New Consumption Smart Selection also performed well with over 55% returns [3][4][8] - The performance of traditional consumer stocks, such as liquor brands, has been lackluster, with the China Securities Liquor Index down approximately 8% year-to-date, indicating ongoing challenges in this sector [5][6][10] - The article discusses the potential for new consumption sectors, which focus on meeting the needs of younger consumers, to continue thriving due to favorable macroeconomic conditions, including policy support and liquidity [11][12]