Core Viewpoint - The investment landscape in the Year of the Horse is markedly different from previous years, with a focus on stability at the index level and increasing external interference, indicating a shift towards a structural era that tests fund managers' ability to select individual stocks [1] Group 1: Investment Strategy and Focus - Companies with strong long-term performance and robust research teams, such as ICBC Credit Suisse, are worth paying attention to, as they possess a well-established talent pool and effective organizational processes [2] - Fund manager Marina Ma has stood out in the past two years for her exceptional performance, characterized by a focused, forward-looking, and stable investment approach [2][3] Group 2: Background and Expertise of Fund Manager - Marina Ma's academic background in microelectronics and computer science from Peking University aligns well with her current focus on AI hardware and semiconductors [5] - Her career at ICBC Credit Suisse has been marked by a deep commitment to the TMT sector, where she has developed a solid understanding of the technology industry, particularly in semiconductors and AI [5][6] Group 3: Investment Philosophy and Performance - Ma's investment philosophy emphasizes a forward-looking perspective on industry cycles and the ability to translate macro trends into individual stock selections [7][8] - Her management of the ICBC Emerging Manufacturing Mixed Fund reflects a decisive shift towards AI and semiconductor holdings, demonstrating her proactive investment strategy [9][10] - The fund's performance has been impressive, with a reported return of 65.78% in 2025, ranking it among the top in its category [16] Group 4: Team and Platform Strength - The success of Marina Ma is supported by ICBC Credit Suisse's strong platform and research team, which consists of professionals with deep expertise in technology [18][19] - The firm has a robust investment research system that fosters collaboration and knowledge sharing among team members, enhancing the overall investment decision-making process [19] Group 5: Future Outlook - As the A-share market experiences volatility, investors are encouraged to seek trustworthy and knowledgeable fund managers to navigate the complexities of the market [21] - The increasing specialization in the technology sector suggests that having a dedicated and capable fund manager, like Marina Ma, is becoming a more rational choice for investors [22]