Core Insights - The public fund industry is experiencing a performance review as of mid-2025, with a focus on top institutions' long-term performance and research capabilities in a volatile market environment [1] - Harvest Fund stands out due to its strong research capabilities and strategic positioning, leading in various sectors such as technology, pharmaceuticals, and manufacturing [1] Performance Summary - In the one-year performance review, Harvest Fund's equity funds achieved an absolute return of 5.82% year-to-date and 16.06% over the past year, ranking third among large fund companies [2] - Notable products include: - Harvest Mutual Selection, focusing on A-shares and Hong Kong stocks in the pharmaceutical and technology sectors, with a net value growth rate of 79.41%, ranking 2nd out of 344 [2] - Harvest Green Theme, specializing in renewable energy and environmental sectors, with a growth rate of 55.96%, ranking 6th [2] - Harvest Manufacturing Upgrade, with a growth rate of 54.63%, ranking 10th [2] - Harvest Frontier Technology, achieving a growth rate of 52.81%, ranking 12th [2] - Harvest Mutual Selection, with a growth rate of 50.64%, ranking 13th [2] Long-term Performance - Over a three-year period, Harvest Fund's performance remains strong, particularly in technology and new productivity themes, with Harvest Mutual Selection achieving a return of 64.07% [4] - 28 products exceeded their performance benchmarks by 10% over three years, with several products surpassing benchmarks by 20% [4] - Over five years, 29 products achieved total returns exceeding 30%, with notable returns of 121.54% and 113.69% for Harvest Resource Selection and Harvest US Growth, respectively [4] Research and Investment Strategy - Harvest Fund's research capabilities are built on five pillars: boutique stocks, cornerstone fixed income, Super ETFs, overseas investments, and asset allocation [5] - The research team, consisting of nearly 300 members, covers key sectors such as technology, pharmaceuticals, consumption, and manufacturing, creating a differentiated competitive edge [5] - The investment strategy combines passive index investments with active equity products, focusing on long-term sectors like renewable energy and smart manufacturing [6] - The success of Harvest Fund's performance in the first half of 2025 highlights the effectiveness of its dual-driven model of long-term performance and research capabilities [6]