当"遇事不决问AI"日益成为流行语，人工智能正以超乎想象的速度渗透到生活和投资中。回顾这一年 来，以人工智能为代表的科技成长主升浪贯穿全年，成为年度资本市场关键词。在AI浪潮引领下，A股 市场走出了一波"大盘搭台、科技唱戏"的结构性牛市。《关于深入实施"人工智能+"行动的意见》这一 纲领性文件的发布，又给AI赋能千行百业注入了鲜活动力。 同时，汇安基金投研团队以 "产业信息共享与视角互补" 为核心，建立了制度化的科技产业周度复盘机 制。团队成员分别从量化端(输出估值偏离标的清单)、龙头投资端(补充长期价值判断)及成长投资端(聚 焦产业趋势变化)进行深度分享与碰撞。通过这种跨视角的协同，有助于将多维研究成果精准适配于不 同产品策略，从而更全面、更敏锐地把握科技产业投资机会。 Wind数据统计，截至2025年12月26日，汇安基金旗下共计有12只(仅统计初始基金)近一年收益率超 30%，除了汇安成长优选混合A近一年收益率127.48%，还包括汇安均衡成长混合A近一年为47.52%；汇 安多策略混合A 和汇安多因子混合A近一年收益率分别达46.42%和39.02%。 展望后市，大部分券商认为，多重因素护航下，一轮" ...

Group 1 - The article discusses the impact of the "AI bubble" narrative in the US stock market, leading to a general pullback in overseas tech stocks, while A-shares are experiencing increased sector differentiation and a rotation of funds towards lower-performing sectors such as resources, consumption, and pharmaceuticals [1] - According to Guotou Securities, historical data since 2012 indicates that the tech sector tends to underperform in the fourth quarter but shows strong performance during the year-end and early next year [1] - The current A-share tech market is influenced by global AI industry trends and US tech stock movements, with two key overseas signals to watch: the potential for a Fed rate cut in December and the signals from Q3 earnings reports of overseas tech companies [1] Group 2 - Despite short-term volatility, some institutions believe that the tech growth sector will remain a mid-term focus due to declining interest rates and policy support for "technological innovation" and "new productive forces" [1] - The article suggests that recent overseas disturbances may provide another opportunity for investors to position themselves in growth sectors like AI, with a "buy on dips" strategy still applicable for tech-focused funds [1] Group 3 - Recent fund ratings highlight the performance of technology-focused funds, with the Huian Growth Preferred Mixed A fund receiving five-star ratings from multiple institutions, indicating strong investor returns [3][4] - The Huian Growth Preferred Mixed A fund achieved a year-to-date return of 117.74%, ranking fourth among comparable funds, while other funds like Huian Multi-Strategy Mixed A and Huian Multi-Factor Mixed A also reported significant returns since their inception [4]

Core Insights - The market has shown a strong recovery since the "924 market" began last year, with public funds delivering solid returns for investors, as evidenced by the performance of stock and mixed funds in 2025 [1] Fund Performance - As of October 31, 2025, stock and mixed funds achieved average returns of 29.67% and 26.25% respectively for the first ten months of the year, with one-year average returns of 29.26% and 25.63% [1] - Huian Fund's products have shown remarkable performance, with 18 funds yielding over 30% in the past year, and 11 of those exceeding 40% [1] - The Huian Growth Preferred Mixed A and C funds achieved returns of 117.29% and 115.57% respectively over the past year, ranking 4th and 7th among similar flexible strategy mixed funds [1] Manager Insights - Zou Wei, Deputy General Manager and Chief Investment Officer of Huian Fund, has demonstrated strong resilience in managing multiple products, with the Huian Industry Leader Mixed A fund returning 47.12% over the past year, ranking in the top 13% of its category [2] - Other funds managed by Zou Wei also reported returns exceeding 39%, ranking in the top 30% of their categories [2] - The Huian Multi-Factor Mixed A and C funds, managed by Liu Yucai, also achieved returns over 40%, placing them in the top 20% of their category [2] Research and Strategy - The rise in performance of Huian Fund is attributed to a deep commitment to fundamental research, with a focus on bottom-up stock selection to generate alpha [3] - The investment team consists of members with backgrounds in pharmaceuticals, consumer goods, and technology, enhancing their ability to identify valuable opportunities [3] Long-term Performance - As of the end of Q3 2025, Huian Fund has seen 10 funds achieve over 100% returns since inception, with the Huian Growth Preferred Mixed A and C funds returning 121.95% and 108.38% respectively, significantly outperforming their benchmarks [4] - The Huian Industry Leader Mixed A fund achieved a return of 146.62%, exceeding its benchmark by 118.17% [4] - The Huian Balanced Growth Group's funds also reported impressive returns, with the Huian Fengze Mixed Fund achieving returns of 248.39% and 239.12% [4] Recognition - Several funds from Huian Fund have received high ratings from authoritative fund rating agencies, including five-star ratings for multiple funds over three and five-year periods [5]

Core Insights - The public fund industry has shown resilience and profitability in the A-share market, with significant returns driven by sectors like AI, humanoid robots, and innovative pharmaceuticals [1][2] Group 1: Fund Performance - Five funds under Huian Fund generated over 100 million yuan in profits for investors in Q3, with notable performances from Huian Hongyang Mixed Fund, Huian Balanced Preferred Mixed Fund, and Huian Yuyang Mixed Fund [1] - Huian Growth Preferred Mixed Fund achieved a profit of 151 million yuan in Q3, while Huian Multi-Factor Mixed Fund generated 121 million yuan [1] - As of September 30, 2025, 20 equity products from Huian Fund reported returns exceeding 20% over the past year, with five funds achieving returns over 40% [1] Group 2: Investment Strategy - Huian Fund emphasizes a research-integrated investment approach, focusing on diverse investment styles while highlighting team capabilities [2] - The company has built a strong research team to support investment decisions, fostering a culture of collaboration and innovation [2] Group 3: Long-term Performance - As of September 30, 2025, Huian Fund has recorded six funds that have doubled their returns since inception, showcasing the effectiveness of its integrated research strategy [3]