主动优选策略，近年来表现如何，该如何止盈？｜第416期精品课程

Group 1 - The core idea of the article is to explain the performance and characteristics of the proactive selection strategy, emphasizing its ability to outperform the market while managing risks effectively [1][21][66] - The proactive selection strategy is derived from the concept of actively managed funds, which are constructed by selecting a basket of fund managers to create an index for active funds [4][5] - The strategy focuses on selecting excellent fund managers from a well-structured talent pool within reputable fund companies, which includes veteran, mid-career, and emerging managers [8][9] Group 2 - The selection of veteran fund managers is based on three main criteria to ensure long-term performance [9] - Mid-career managers are identified through two main avenues: those with rich prior experience in asset management and those mentored by veteran managers [9][10] - The proactive selection strategy diversifies investments across different styles to mitigate individual risks and adjusts allocations based on valuation changes [11][14][18] Group 3 - The proactive selection strategy has consistently outperformed the market, with a cumulative return exceeding the CSI 300 Index by 7.08% as of October 2025 [21][66] - The strategy has a win rate of 66.67% against the equity fund index since its inception, although it has experienced periods of underperformance during specific market conditions [24][30] - The strategy avoids investing in loss-making stocks, focusing instead on quality stocks with strong profitability, which leads to better long-term performance [30][34] Group 4 - The article discusses two main methods for profit-taking within the proactive selection strategy: automatic rebalancing when certain assets are overvalued and overall portfolio adjustments when the market is deemed overvalued [57][61] - The strategy employs an automatic adjustment feature to help investors realize profits from overvalued assets while reinvesting in undervalued ones [58] - The proactive selection strategy emphasizes the importance of investing at favorable market valuations to enhance returns and reduce risks [42][45]