Core Insights - The article discusses the investment philosophy of Li Dehui from Morgan Asset Management, focusing on balancing growth potential and reasonable valuation in investment strategies [3][5][4]. Investment Strategy - Li Dehui employs a "three-tiered" allocation strategy, categorizing assets into offensive, balanced, and defensive segments to manage risk effectively [4][9]. - The approach aims to maintain the overall portfolio valuation within a reasonable range, even during market volatility, as demonstrated in 2022 [5][3]. Market Outlook - Li Dehui expresses optimism about the A-share market, indicating it is in a clear upward channel, supported by positive policy signals, a loosening liquidity environment, and improving macroeconomic conditions [8][9]. - The article highlights that the current market adjustment is seen as a healthy consolidation, with expectations for continued structural opportunities in the market [8][9]. Sector Focus - Li Dehui identifies opportunities in the pan-technology and pan-manufacturing sectors, as well as in non-ferrous metals, particularly copper, which is expected to benefit from global economic recovery and tight supply conditions [4][9][8]. - The AI sector is viewed as still in its early stages, with significant commercial potential, and Li Dehui plans to focus on high-performing companies within this space [6][7]. Performance Metrics - Li Dehui's managed funds, including Morgan Huixuan Growth Stock Fund and Morgan Wisdom Internet Stock Fund, have shown over 40% net value growth in the past three years [5].