Core Viewpoint - The A-share market has been performing strongly, with the Shanghai Composite Index reaching new highs for the year, leading to significant performance gains for certain fund companies, particularly GF Fund, which has seen many of its products achieve substantial returns [1] Group 1: Active Management Performance - Among the 131 products of GF Fund that have gained over 30% in the past year, active management products account for a significant portion, showcasing the company's ability to capture both specific styles and overall market alpha [2] - Notable active equity products include GF Growth Navigator A, GF North Exchange Select A, and GF Growth Start A, which achieved returns of 147.19%, 121.24%, and 112.73% respectively over the past year [2][3] - The performance of active equity products reflects GF Fund's diverse investment style and research capabilities, covering various themes and sectors such as manufacturing, pharmaceuticals, and technology [4] Group 2: Passive Investment Tools - GF Fund positions its passive tools as efficient vehicles for capturing market beta, complementing its active management strategies to meet diverse investor needs [5] - The company has developed a comprehensive index product line since 2008, covering various asset classes including A-shares, Hong Kong stocks, US stocks, bonds, and commodities [5] - Notable passive products include GF North Exchange 50 Index A, which achieved a return of 123.87%, and GF Hong Kong Innovative Drug ETF, with returns of 118.71% and 104.58% for its linked product [6][7] Group 3: Future Outlook - GF Fund aims to enhance its professional capabilities and product competitiveness to better meet the wealth management needs of residents, focusing on creating sustainable quality investment experiences for clients [8]

Group 1 - The Beijing Stock Exchange (BSE) has shown strong performance this year, with related thematic funds seeing net value increases of over 30%, and some exceeding 70% [1] - As of June 12, the BSE 50 Index has risen by 37.25% this year, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [1] - Nearly 40 BSE-themed funds have an average net value increase of approximately 33.53% this year, with specific funds like CITIC Construction Investment and Huaxia showing net value increases of over 70% [1] Group 2 - 24 BSE funds have recorded net value increases exceeding 30% this year, including funds from Invesco Great Wall and GF Securities [2] - Since their inception, several funds have achieved net value increases of over 100%, with some exceeding 120% [2] - Analysts indicate that the BSE is gradually attracting more active incremental capital, with a need for increased institutional investor participation compared to the Sci-Tech Innovation Board and ChiNext [2]

Core Viewpoint - The Beijing Stock Exchange (BSE) has shown strong performance this year, with related thematic funds experiencing significant net value increases, suggesting medium to long-term investment value in the BSE sector [1][2][3] Group 1: Market Performance - The BSE 50 Index has risen by 37.25% year-to-date, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [1] - Nearly 40 BSE-themed funds have seen an average net value increase of approximately 33.53% this year, with some funds like CITIC Securities BSE Selected Mixed Fund A and Huaxia BSE Innovative SMEs Selected Fund A achieving net value increases of over 70% [1][2] - 24 BSE funds have recorded net value increases exceeding 30% this year, indicating a broad-based positive performance across various funds [2] Group 2: Investment Opportunities - Analysts suggest focusing on companies with growth potential and strong R&D investments, particularly those in hot sectors and those benefiting from capacity expansion [3] - There is an emphasis on companies that are diversifying and expanding their industrial chains, as well as state-owned enterprises with stable operations and strong growth capabilities [3] - Investment strategies include targeting long-cycle performance stability and unique production capabilities, high dividend and steady growth domestic demand stocks, and thematic sectors such as AI and low-altitude economy [3]