Core Viewpoint - E Fund Balanced Select Mixed Fund (025920) has launched its initial offering, featuring a new floating management fee model linked to holding period and annualized return performance, aimed at helping investors navigate market volatility [1] Group 1: Fund Management - The fund will be managed by Yang Jiawen, who has 14 years of experience in the securities industry, including 8 years in investment [1] - Yang Jiawen is known for a balanced investment style and contrarian strategies, focusing on company valuation and future growth potential to identify high-quality companies across various industries [1] - Currently, Yang manages four actively managed equity funds, all of which have outperformed their respective benchmarks during his tenure [1] Group 2: Historical Performance - The longest-managed fund, E Fund Keri, has shown a cumulative net value growth rate of 117.20% since Yang took over in December 2017, significantly outperforming the benchmark return of 22.47% [1] - The annualized return of E Fund Keri is 10.16%, with an annualized volatility of only 16.73% [1] Group 3: Investment Strategy - The A-share market has exhibited significant structural characteristics in recent years, prompting the fund to focus on balancing enterprise value and growth potential [1] - The investment strategy will emphasize both future growth opportunities and valuation assessments to select high-quality targets, aiming for sustainable excess returns while controlling risks [1]

Group 1 - The core viewpoint of the article is the launch of E Fund Balanced Select Mixed Fund (025920), which will adopt a new floating management fee model linked to holding period and annualized return performance [1] - The fund will be managed by Yang Jiawen, who has 14 years of experience in the securities industry, including 8 years in investment, known for a balanced style and contrarian strategy [1] - Yang Jiawen focuses on combining company valuation and future growth potential to identify high-quality companies with cost-effectiveness across various industries, aiming for sustainable excess returns [1] Group 2 - Yang Jiawen currently manages four actively managed equity funds, all of which have outperformed their respective benchmarks during his tenure [1] - For instance, the E Fund Keri, managed by Yang since December 2017, has achieved a cumulative net value growth rate of 117.20% by the end of 2025, significantly outperforming the benchmark return of 22.47% [1] - The fund aims to balance corporate value and growth, focusing on both future growth potential and valuation judgments to select quality investment targets while controlling risks [1]