Core Viewpoint - The article highlights the investment strategy of Shen Kun, a fund manager who emphasizes balanced investment and risk control while pursuing quality growth and reasonable valuations [4][9]. Investment Strategy - Shen Kun adopts a GARP (Growth at a Reasonable Price) investment strategy, focusing on selecting growth companies that are reasonably valued or undervalued [4][9]. - The investment approach involves a balanced allocation across multiple industries, such as computing power, consumer electronics, new consumption, and lithium batteries, to mitigate risks associated with over-concentration in a single sector [6][9]. - The fund manager emphasizes the importance of holding quality growth stocks and avoiding chasing market trends, which can lead to poor performance [5][9]. Performance Metrics - Shen Kun's fund, the Fuanda Advantage Growth Mixed Fund, has achieved over 90% returns in the past year, attributed to a forward-looking approach in selecting individual stocks [7]. - The maximum drawdown for the funds managed by Shen Kun has remained below 20% over the past year, showcasing effective risk management [9]. Market Outlook - The article discusses the positive performance of Chinese assets in 2023, driven by advancements in technology and increased government support for the capital market [11]. - Shen Kun believes that the AI sector is poised to lead the fourth industrial revolution, presenting numerous investment opportunities in the coming years [11].

Group 1 - Li Shoufeng has resigned from three funds managed by Fuanda Fund, including Fuanda Small and Medium Cap Six-Month Holding Mixed Fund, Fuanda Emerging Growth Mixed Fund, and Fuanda Consumer Theme Mixed Fund [1][2] - Fuanda Small and Medium Cap Six-Month Holding Mixed Fund was established on September 8, 2021, with a year-to-date return of 6.55% and a cumulative return of -32.34%, resulting in a net value of 0.6766 yuan as of August 7, 2025 [1] - Fuanda Emerging Growth Mixed Fund A, established on September 11, 2014, has a year-to-date return of -0.06% and a cumulative return of -36.94%, with a net value of 0.6306 yuan; Fuanda Emerging Growth Mixed Fund C, established on December 17, 2021, has a year-to-date return of -0.30% and a cumulative return of -65.24%, with a net value of 0.6218 yuan [1] - Fuanda Consumer Theme Mixed Fund, established on August 1, 2017, has a year-to-date return of 7.71% and a cumulative return of 58.99%, with a net value of 1.6422 yuan as of August 7, 2025 [1]

Group 1 - The core point of the news is the announcement of the departure of Li Shoufeng from three funds managed by Fuanda Fund, indicating a significant change in the management team [1][2] - Li Shoufeng has held various positions, including a senior industry researcher at Fuanda Fund and is currently the head of the industry research department [1] - The funds affected by this change include Fuanda Small and Medium Cap Six-Month Holding Mixed Fund, Fuanda Emerging Growth Mixed Fund, and Fuanda Consumption Theme Mixed Fund [1][2] Group 2 - Fuanda Small and Medium Cap Six-Month Holding Mixed Fund was established on September 8, 2021, with a year-to-date return of 6.55% and a cumulative return of -32.34%, resulting in a net value of 0.6766 yuan [1] - Fuanda Emerging Growth Mixed Fund A, established on September 11, 2014, has a year-to-date return of -0.06% and a cumulative return of -36.94%, with a net value of 0.6306 yuan; Fund C, established on December 17, 2021, has a year-to-date return of -0.30% and a cumulative return of -65.24%, with a net value of 0.6218 yuan [1] - Fuanda Consumption Theme Mixed Fund, established on August 1, 2017, has a year-to-date return of 7.71% and a cumulative return of 58.99%, with a net value of 1.6422 yuan [1]