Group 1 - The public fund issuance market is experiencing a significant increase, with March seeing a peak in the number of newly established funds, particularly in equity funds, which reached a historical monthly high [1] - In March, 137 new funds were established, with a total issuance exceeding 100 billion shares, specifically 1009.26 million shares, indicating a notable recovery compared to January and February [1] - The number of newly established equity funds in March was 74, marking the highest monthly figure since July 2015, second only to June 2015 [1] Group 2 - The rise in equity fund issuance is attributed to multiple factors, including strong performance in the A-share market and a significant pullback in the bond market, enhancing the attractiveness of equity funds [2] - Regulatory support for the development of equity funds, as highlighted in the new "National Nine Articles," emphasizes the promotion of public equity funds and the establishment of a fast-track approval process for exchange-traded funds (ETFs) [2] - Among the 74 newly established equity funds in March, 54 were passive index funds, accounting for 72.97% of the total, indicating a strong preference for passive investment strategies among investors [2] Group 3 - The current macroeconomic environment suggests that the market may experience a stable "slow bull" trend, with ongoing investment opportunities likely to emerge in new productive sectors [3]

导语 晨星基金研究秉持独立性与投资者利益优先的原则，通过对基金投研团队、投资流程等 的分析来确定对基金的信心。我们的研究方法注重可持续性并以长期投资为导向，助力 投资者在基金选择中做出更加明智的投资决策。本篇文章介绍晨星基金研究团队在权益 资产类别中值得关注的四只基金产品，期望能为投资者在决策中提供参考。 ►► 易方达逆向投资混合 产品速览 该基金是一只沪港深积极配置型基金，除了主要投资于A股外，契约中规定50%以内的股票资产可以投资 于港股,基金经理通过对比A股和港股的性价比从而决定港股在组合里面的配置比重。基金经理采用GARP 策略，旨在以合理的价格买入具有持续稳定增长潜力的股票。 产品潜力 基金经理杨嘉文先生属于投资能力较强的中生代基金经理，他具备13年证券从业经历和7年公 募基金管理经验。虽然他2021年4月才开始管理该基金，但是他采用相同的策略从2017年12月 开始管理纯A股基金—易方达科瑞混合基金至今，目前已经管理超过7年的时间，管理期良好 业绩表现也证明了基金经理较强的投资A股的能力。 基金经理的投资思路偏逆向，倾向于回避市场关注度相对较高的行业和个股，而把研究和投资 资源投放到市场关注度相对 ...