喜欢在论文中寻找产业前瞻趋势，常常为看到的技术进步而激动不已……寥寥数语，一个热衷于科技产 业投资的基金经理形象跃然纸上。化工材料专业出身，2013年开始研究布局新能源，如今逐渐聚焦科技 产业，诺安基金权益事业部副总经理、研究部总经理邓心怡正立足于人工智能（AI）浪潮开启她的投 资新征程。 近日，邓心怡在接受中国证券报记者专访时表示，"前瞻再前瞻一些"是令她觉得踏实的超额收益策略。 在产业趋势初露苗头、市场还没有充分定价前进入，能够更稳妥地获得可观回报。与此同时，"读论 文"成为她前瞻性嗅到投资机会的重要法宝。展望未来，她认为，AI有望成为科技产业浪潮中的核心驱 动力，看好该板块蕴藏的丰富投资机会。 邓心怡，曾任职于中国对外贸易信托有限公司，从事投资研究工作。2020年11月加入诺安基金，现任 权益事业部副总经理兼研究部总经理。自2022年7月6日起担任基金经理，现管理诺安稳健回报混合、诺 安平衡混合、诺安优势行业混合、诺安研究优选混合等多只产品。 读论文发现投资机会 中国证券报：可以先简单介绍下你的投资经历吗？ 邓心怡：我最早是在外贸信托公司做自营投资，当时主要研究新能源、新材料、化工环保等，更多是偏 一级 ...

Core Viewpoint - Investment is not merely about answering questions, but about making decisions that can improve the lives of individuals [6][10][41] Group 1: Investment Philosophy - The investment philosophy of the company is to resonate with the pulse of the times and to walk alongside industry pioneers [14] - The company believes that the transformative power of information technology and intelligence will create significant long-term industrial opportunities [7] - The core driving force of artificial intelligence is the competition of models, which develops in a stepwise manner rather than gradually [5][19] Group 2: Investment Strategy - The company prefers to invest in areas where there is a discrepancy in market expectations and where valuations have not been fully explored, seeking truly undervalued opportunities with differentiated insights [8][30] - The re-evaluation of business models and changes in commercial delivery methods will lead to greater investment opportunities and significant discrepancies in application [7][36] - The company emphasizes the importance of independent thinking and making judgments that differ from market consensus [25][26] Group 3: Performance and Achievements - The fund managed by the company achieved a return of 128.48% over the past year, with an excess return of 105.07% and a year-to-date return of 65.20% as of August 31 [2] - The company has successfully navigated significant market fluctuations, maintaining positive returns for four consecutive quarters since Q3 2024 [2][41] Group 4: Future Outlook - The company identifies several key areas for future investment, including artificial intelligence chips, applications, terminals, and new consumption trends [34][36] - There is a belief that the demand for domestic chips will increase as they adapt to local models, creating a closed-loop effect in the industry [36] - The company anticipates that the AI industry will continue to evolve, with new applications and software becoming essential for its growth [37][38]