长期维度下，平安基金近十年、近七年权益基金收益率在全市场分别排前1/3、前7名。持续稳健向好的 业绩，可视为其平台化建设多年来的成效体现，也更深层次地折射出平安基金在"坚持做长期正确的 事"这一文化内核引领下，公司战略定力所转化出的可持续投研优势。 破局之道：从个体依赖到平台制胜 投资之路，道阻且长。在业内看来，投资始终伴随着三大核心挑战：市场不确定带来的不可归因、业绩 的不可持续、投资方法的不可复制。这也导致一个行业常见现象：去年的业绩冠军，今年收益或不尽人 意。业绩的难以持续，成为困扰基金行业的难题。 十五年，恰似一场考验定力与远见的"价值长跑"。在此过程中，如何实现穿越周期的长期稳健回报，始 终是所有资管机构面对的核心命题。 2026年1月7日，平安基金迎来成立十五周年的里程碑。站在这个时点回望，平安基金投研团队给出了自 己的答案：面对市场波动，真正的"破局"之道，在于超越对短期机遇、个人主义的依赖，通过构建专业 化的投研平台，追求长期稳健的回报。 经过多年的探索与实践，平安基金通过"一二三四"平台的逐步搭建，将"平台化"的战略目标分解为可执 行的行动方案。从一个理念（坚持做长期正确的事）、两大驱动（人 ...

Core Viewpoint - The domestic public fund industry is undergoing a transformation in active equity investment, focusing on high-quality thematic products to capture alpha returns amidst a passive investment trend [1] Group 1: Thematic Product Development - Public fund institutions are increasingly building thematic product matrices to target high-quality sectors, aiming for both revenue and scale growth [1][2] - Yongying Fund has successfully launched six thematic products under its "Smart Selection" series, focusing on emerging industries such as AI applications and solid-state batteries, achieving over 20% returns on some products [2] - Other institutions like Xinyuan Fund and Western Gain Fund are also developing thematic products across various sectors, including healthcare, new materials, and financial technology [3] Group 2: Flexibility in Investment Strategies - Public fund institutions are adapting to investor needs by creating diverse product lines, such as Ping An Fund's categorization of active equity products into four main series [4] - The focus on thematic products allows for more agile responses to market changes, enabling the capture of investment opportunities aligned with national strategies [5] Group 3: Opportunities for Smaller Institutions - Smaller public fund institutions face challenges in active equity investment but are exploring thematic product strategies as a path for growth [6] - By focusing on niche markets and enhancing active management capabilities, smaller firms can potentially achieve "curve overtaking" in the competitive landscape [6][7] - Xinyuan Fund suggests that smaller institutions should develop distinctive thematic products and strengthen their research capabilities to meet diverse investor needs [7]