Core Insights - The A-share market has shown strong performance recently, with significant improvement in market sentiment and investor confidence [1] - The growth sector has emerged as the main driver of market gains, supported by experienced fund managers who have navigated multiple market cycles [1] - Morgan Asset Management's Morgan Core Growth Fund, managed by Li Bo, has achieved a cumulative return of 268.64% since its inception, with a one-year increase of 79.18%, ranking in the top 15% among similar funds [1] Investment Strategy - Li Bo combines value and growth strategies through the GARP (Growth at a Reasonable Price) approach, focusing on high-growth stocks with reasonable valuations [2] - The fund has demonstrated strong drawdown control in volatile markets while effectively capturing upward opportunities in structural market conditions [2] - Key sectors identified for structural opportunities include AI hardware, consumer electronics, new energy, and leading manufacturing companies [2] Future Outlook - The consumption sector is expected to gradually recover, supported by policies aimed at improving supply structure [3] - The Morgan Core Growth Fund will continue to adhere to the GARP strategy, focusing on high-probability assets to create long-term returns for investors [3]

Group 1 - The A-share market has shown strong performance, with significant improvement in market sentiment and investor confidence, particularly in the growth sector, which has experienced a "Davis Double Play" [1] - A limited number of fund managers, less than 100, have managed the same active equity fund for over 10 years, representing about 5% of the total equity mixed fund managers, highlighting their rarity as a resource in the industry [1] - The Morgan Core Growth Fund, managed by Li Bo, has achieved a cumulative return of 268.64% since its inception, with a one-year increase of 79.18%, ranking in the top 15% among similar funds [1][2] Group 2 - Li Bo's investment philosophy of "growth and value duality" is reflected in the fund's strategic focus on high-quality growth companies with safety margins, aiming for both growth and value enhancement [2] - The fund emphasizes sectors with performance growth, particularly in technology innovation and industrial upgrades, to capture investment opportunities arising from the development of the technology industry [2] - The GARP (Growth at a Reasonable Price) strategy combines value and growth selection, focusing on acquiring high-growth stocks at lower prices, which has shown strong performance in volatile markets [2] Group 3 - In the context of significant structural differentiation in the market, Li Bo identifies promising opportunities in sectors such as AI hardware, consumer electronics, new energy, and leading manufacturing companies [3] - The fund is particularly focused on the growth opportunities driven by AI in the consumer electronics sector and leading companies in the lithium battery segment within the new energy field [3] - Li Bo anticipates a gradual recovery in the consumer sector and positive changes in supply structure due to anti-involution policies, continuing to adhere to the GARP strategy to capture new market opportunities [3]