Core Insights - The article highlights the impressive performance of the "Xingzheng Asset Management Golden Qilin Xingxiang Preferred One-Year Holding Period Mixed Asset Management Plan," which achieved a net value growth rate of 107.91% over the past year and 78.36% year-to-date, significantly outperforming similar products in the market [1][2][3] - The success is attributed to the investment manager Zheng Fangbiao, who combines a strong educational background with extensive experience in investment research, emphasizing a disciplined and patient investment approach [1][2] Investment Strategy - Zheng Fangbiao's investment philosophy is influenced by his background in Go, where strategic thinking and patience are crucial, paralleling the need for a comprehensive understanding of both micro and macroeconomic factors in investing [2][3] - The focus on the technology sector as a core investment direction was established early in 2023, despite market volatility and skepticism from other investors [2][3] Portfolio Composition - The top ten holdings of the fund reflect a strong emphasis on technology and innovation, including companies like Xinyi Technology, Zhongji Xuchuang, and Cambrian [3][4] - The inclusion of Pop Mart in the top holdings demonstrates a strategic bet on the new consumption trend, showcasing the manager's ability to identify long-term value in emerging sectors [4] Future Outlook - For the second half of 2025, three key investment directions are highlighted: opportunities arising from the AI revolution, high-end manufacturing and innovative pharmaceuticals, and undervalued companies with high dividends [5] - The emphasis on AI as a transformative force in the economy suggests a long-term bullish outlook on technology investments, positioning them as the main battleground for growth stocks [5] Performance Metrics - Historical performance data indicates that the fund has faced challenges in previous years, with negative returns in 2022 and 2023, but has shown a significant turnaround in 2024 [7] - The fund's performance is benchmarked against the CSI 300 Index and the China Bond Composite Index, providing a comparative framework for evaluating its success [7]