Group 1 - The overall market sentiment is optimistic, with fund managers expressing confidence in the future performance of A-shares and the North American computing power industry chain [11][13][50] - Mo Haibo, a prominent fund manager, has seen a rebound in net value due to a strong performance from overseas computing power stocks, achieving a year-to-date return of 10.26% [8][11] - The top holdings of Mo Haibo's fund are heavily concentrated in technology stocks, with nearly 70% of the portfolio allocated to the top ten holdings [8][10] Group 2 - Jin Zicai, another fund manager, experienced a significant loss in the first quarter but managed to recover with a year-to-date return of 5.6% by adjusting his portfolio to focus on domestic computing power stocks [14][19] - Jin Zicai's strategy involved a major shift in holdings, with the top ten stocks in his fund showing substantial gains, some exceeding 100% [19][18] - Wang Guizhong, managing a fund with over 120.8 billion, has consistently outperformed the market, achieving a return of 27.4% year-to-date [22][24] Group 3 - The coal sector has faced challenges, with companies like China Shenhua and Yongtai Energy reporting significant profit declines, yet recent policy changes have sparked a rebound in coal prices [28][29] - Huang Hai, a fund manager focused on coal, has seen his fund's net value recover, although it remains below the market average [30][33] - Despite the recovery, Huang Hai's fund has experienced a decrease in management scale due to investor redemptions, indicating a cautious outlook [33][41] Group 4 - Dong Chen, a relatively new fund manager, has adopted a conservative approach, reducing equity exposure and focusing on a balanced portfolio across various sectors [44][45] - His fund has shown modest performance, with a year-to-date return of 7.31%, slightly outperforming the benchmark [49] - Overall, fund managers are optimistic about the macroeconomic environment, with expectations of structural opportunities in the market despite varying strategies [50]

Core Viewpoint - The article emphasizes the importance of long-term investment in funds that have consistently generated positive returns over the years, highlighting specific funds that have achieved this feat [35]. Group 1: Fund Performance - The "Guangfa Global Healthcare Index" fund has shown a consistent positive return for nine consecutive years, with a cumulative return of +150.64% and an annualized return of +6.23% over the past five years [2][5][9]. - The fund's latest net value is 2.2780, with a maximum drawdown of 24.05% and a fund size of 1.107 billion [2][5]. - Another fund, "Shenji," has also achieved nine consecutive years of positive returns, outperforming the "Guangfa Global Healthcare" fund in certain metrics [10][16]. Group 2: Investment Strategy - The article suggests that only funds with a long-term upward trend are suitable for long-term holding, as short-term fluctuations may not yield significant profits [7]. - It highlights that despite some funds showing poor performance in recent years, their long-term positive returns are commendable and indicate strong resilience [9][35]. - The "Xueqiu Three-Point Method" is introduced as a strategy for long-term investment and asset allocation, focusing on diversification across assets, markets, and timing to achieve stable returns [36].