来源：奔跑吧-新的一年 股票型基金由专业的基金管理团队负责运作。基金经理及背后的研究团队拥有丰富的金融知识、专业的研究能力和广泛的信息渠道。他们通过对 宏观经济、行业趋势、公司基本面等多方面的深入研究，挑选出具有投资价值的股票构建投资组合。以某知名基金公司的股票型基金为例，其基 金经理带领的团队对各个行业进行细致分析，筛选出行业内具有竞争优势、业绩增长潜力大的公司股票进行投资，为投资者创造了良好的收益。 在投资的广阔天地中，股票型基金犹如一颗耀眼的明星，吸引着众多投资者的目光。对于希望通过资本市场实现财富增值的人来说，了解股票型 基金至关重要。今天，利多星智投就带大家深入探索股票型基金的奥秘。 一、股票型基金的定义 股票型基金，是一种将投资者的资金汇聚起来，主要投资于股票市场的证券投资基金。根据监管要求，其投资于股票的比例不得低于基金资产净 值的 80%。这意味着股票型基金与股票市场紧密相连，基金的净值表现很大程度上取决于所投资股票的走势。例如，某只股票型基金在其投资组 合中，80% 以上的资产配置为不同上市公司的股票，通过分散投资多只股票，降低了单一股票波动对基金整体的影响。 二、股票型基金的特点 （一）高 ...

Group 1: Macro and Strategy - The report analyzes the performance of active equity funds, finding that most can outperform the market, but their excess returns are not significant, with annualized excess returns ranging from 0.216% to 3.05% [7][8] - Active funds show a preference for large-cap and high-valuation stocks, with significant negative impacts from exposure to size and value factors on performance [8] - Growth factors yield high annualized returns, with excess returns significantly exceeding 10% when considering short-term earnings growth [8][9] Group 2: Industry and Company Insights - In the power equipment and new energy sector, there is a focus on the progress of HVDC applications in data centers and the ongoing advancements in solid-state battery technology [10][11] - The solid-state battery industry is seeing significant developments, including the establishment of pilot production lines and strategic partnerships aimed at industrialization [11] - The offshore wind sector is expected to see a record year for bidding in 2025, with numerous projects set to commence, indicating a robust growth outlook [12] - The media industry is experiencing growth, with the gaming sector showing strong revenue increases and a focus on AI applications and IP-driven opportunities [13][14] - The food and beverage sector, particularly the liquor segment, is entering a traditional off-season, with pricing pressures and a potential bottoming out of valuations [16][17] - Mingyang Smart Energy is experiencing rapid revenue growth, with a focus on product upgrades and expansion into data center and overseas markets [19][20] - Huazhong Microelectronics is seeing improvements in revenue, particularly in the automotive electronics segment, with a steady increase in market share [22][23]