Core Viewpoint - The article highlights the launch of the Huashang Quality Selection Mixed Fund by Huashang Fund, emphasizing its commitment to value investment and adaptability to market changes, aiming to provide sustainable long-term returns for investors [1][9]. Fund Overview - The Huashang Quality Selection Mixed Fund (Class A: 026177, Class C: 026178) is set to be managed by Ye Feng, the Assistant General Manager of the Research and Development Department at Huashang Fund [1][9]. - The fund's investment philosophy is centered around "upholding value, embracing change, and dynamic balance" [1][9]. Management Strategy - Ye Feng has over 8 years of experience in the securities industry, with a focus on dynamic balance in portfolio management, targeting quality growth stocks when they are relatively cheap and value stocks when they are undervalued [3][11]. - The fund will maintain a stock asset allocation of 60%-95% and can invest up to 50% of its stock assets in Hong Kong Stock Connect targets [4][13]. Investment Focus - The fund will prioritize companies with sustainable competitive advantages and high intrinsic value, while also being responsive to emerging industry trends, particularly in AI and related sectors [4][12]. - Ye Feng emphasizes the importance of thorough research and valuation in selecting stocks, aiming to build a cost-effective portfolio that can withstand market volatility [4][12]. Performance Metrics - Huashang Fund has received recognition for its strong performance, with its active equity funds achieving a 90.58% absolute return over the past five years, ranking 5th among 139 comparable fund companies [4][13]. - Over a seven-year period, the absolute return reached 341.72%, placing it 4th among 121 comparable companies [4][13]. Fundraising Details - The fundraising period for the Huashang Quality Selection Mixed Fund is from January 5 to January 23, 2026, with varying subscription fees based on investment amounts [6][15]. - Class A subscription fees range from 1.20% for amounts under 500,000 yuan to a flat fee of 1,000 yuan for amounts over 500,000 yuan, while Class C shares do not incur subscription fees [6][15].