【导读】汇丰晋信基金总经理李选进：坚守长期主义，让投资更简单 "让投资更简单"——汇丰晋信基金总经理李选进指着公司成立时的牌匾说。回顾二十年发展历程，他感 慨万千。 "公司创立时，就确立了'让投资更简单'的初心。"李选进介绍道，这一理念背后，承载着公司对提升投 资者体验的追求。要实现这一目标，仅凭短期业绩远远不够，必须着眼于投资者的长期需求，并致力于 构建一套持久、可持续的投资体系。 二十年的公司发展，让李选进愈发笃信"长期坚持"才是正途。行业浪潮翻涌不息，有时为了坚守理念， 必须有所取舍，有所为、有所不为。对于汇丰晋信基金来说，"坚持"不仅是一句口号，而是深深融入公 司产品体系、投研方法与投资者服务之中的具体实践。 作为行业发展的亲历者，李选进也分享了他对公募基金行业未来发展的思考。他认为，资产管理行业必 须清楚认识到，这是场比耐力的"马拉松"。无论是投资还是服务，都应该看得更长远。基金从业者必须 明确自身的价值所在——为投资者创造价值，为他们实现人生目标提供财富管理"解决方案"。 守正不移廿载路 行稳致远长期心 谈及汇丰晋信基金过去二十年的发展历程，李选进将其总结为一个关键词——坚持。在他眼中，这 份"坚 ...

【导读】汇丰晋信基金总经理李选进：坚守长期主义，让投资更简单 中国基金报记者 曹雯璟 "让投资更简单"——汇丰晋信基金总经理李选进指着公司成立时的牌匾说。回顾二十年发展 历程，他感慨万千。 "公司创立时，就确立了'让投资更简单'的初心。"李选进介绍道，这一理念背后，承载着公司 对提升投资者体验的追求。要实现这一目标，仅凭短期业绩远远不够，必须着眼于投资者的 长期需求，并致力于构建一套持久、可持续的投资体系。 照片拍摄：曹雯璟 二十年的公司发展，让李选进愈发笃信"长期坚持"才是正途。行业浪潮翻涌不息，有时为了 坚守理念，必须有所取舍，有所为、有所不为。对于汇丰晋信基金来说，"坚持"不仅是一句 口号，而是深深融入公司产品体系、投研方法与投资者服务之中的具体实践。 作为行业发展的亲历者，李选进也分享了他对公募基金行业未来发展的思考。他认为， 资产 管理行业必须清楚认识到，这是场比耐力的"马拉松"。无论是投资还是服务，都应该看得更 长远。基金从业者必须明确自身的价值所在——为投资者创造价值，为他们实现人生目标提 供财富管理"解决方案"。 守正不移廿载路 正是这份"坚持"，使得汇丰晋信基金在公募基金行业竞争日趋激烈的当 ...

Core Viewpoint - The recent performance of small and micro-cap stocks has been strong, driven by favorable fundamentals and liquidity easing, leading to significant gains in related indices [1][3]. Group 1: Market Performance - Small and micro-cap stocks have outperformed larger indices, with the CSI 2000 and Guozheng 2000 indices rising by 18.55% and 15.28% respectively since April 7, significantly exceeding the gains of the Shanghai and Shenzhen indices [3]. - The North Star 50 index, which focuses on "specialized, refined, unique, and innovative" companies, has surged over 36% during the same period, while the Wind micro-cap index has reached a historical high [3]. Group 2: Fund Dynamics - Several thematic funds have seen rapid increases in net asset value, leading to limited capacity for new investments, prompting some funds to restrict new subscriptions [2][5]. - The China Securities Regulatory Commission (CSRC) has issued a plan to enhance the performance benchmarks for public funds, which may influence fund managers to favor indices like CSI 800 or CSI 1000 over the CSI 2000, impacting small-cap stock allocations [2][7]. Group 3: Investment Strategies - Fund managers are increasingly focusing on small-cap stocks, identifying opportunities in sectors such as new energy and innovative pharmaceuticals, which are expected to outperform larger companies during economic recovery [4]. - The current market environment, characterized by liquidity easing and a rebound in risk appetite, is seen as favorable for small-cap stocks, with expectations of continued support from monetary policy [4][6]. Group 4: Fund Management Challenges - The rapid inflow of funds into small-cap focused strategies has led to some funds reducing their positions due to capacity constraints, as seen with the reduction of subscription limits for certain funds [5][6]. - Fund managers are cautious about maintaining optimal strategies amidst rising stock prices, which may lead to a decrease in portfolio allocations even with new inflows [6][8].