国投瑞银基金：近一年业绩多点开花 投研实力铸就回报

Core Viewpoint - The A-share market has experienced a significant rebound since the "924" rally began in 2024, driven by economic recovery, supportive policies, and increased capital inflows, with notable performance from various fund products, particularly those managed by Guotou Ruijin Fund [2][3] Group 1: Active Equity Funds - Active equity funds are the core area for measuring the research and investment capabilities of fund companies, with Guotou Ruijin Fund's products showing over 30% returns in the past year, primarily driven by active equity funds [3][6] - Industry-themed funds have outperformed significantly, with Guotou Ruijin Ruiyi Reform A achieving a return of 72.58%, surpassing its benchmark by 62.81% [3][5] - Other notable performers include Guotou Ruijin Industrial Upgrade Two-Year Holding A with a return of 69.17% and Guotou Ruijin Advanced Manufacturing with a return of 50.64%, both also outperforming their benchmarks [3][5] Group 2: Quantitative Products - Active quantitative products aim for sustained excess returns through systematic investment, with Guotou Ruijin Specialized and New Quantitative Stock Selection A achieving a return of 69.46%, outperforming its benchmark by 41.31% [4][6] Group 3: Index Products - Guotou Ruijin Fund has developed a robust index product system to capture beta returns efficiently, with Guotou Ruijin CSI 500 Quantitative Enhancement A returning 29.62% over the past year, outperforming its benchmark [7][9] - The Guotou Ruijin CSI Upstream A also performed well, achieving a return of 25.90% [7][9] Group 4: Diversified Asset Allocation - The company has made significant strides in QDII, commodities, and FOF sectors, with Guotou Ruijin China Value Discovery QDII returning 22.34% and Guotou Ruijin Silver Futures A returning 33.60% [10][11] - Guotou Ruijin Balanced Pension Target Three-Year Holding A achieved a return of 20.98%, contributing to long-term pension investments [11][12] Group 5: Research and Team Development - Guotou Ruijin Fund emphasizes building a professional value creation capability, enhancing its research and investment integration, and fostering a diverse research team through mentorship [13] - The company aims to balance active and passive strategies, as well as domestic and cross-border investments, to effectively respond to investor demands [13]