Core Viewpoint - The A-share market has recently experienced a strong rally, with the Shanghai Composite Index reaching a ten-year high and total trading volume surpassing 30 trillion yuan for the second time in history. This trend has significantly benefited various funds managed by Caitong Fund, with many products achieving record high net values [1][5]. Fund Performance - Caitong Fund has over ten actively managed equity products with a one-year return exceeding 100%, including Caitong Integrated Circuit Industry, Caitong Growth Selection, and others [1]. - Caitong Integrated Circuit Industry A (006502) has a latest net value of 3.0462 yuan, with a one-day increase of 7.46%, a one-month rise of 36.16%, and a one-year growth of 122.89%, ranking 8th out of 946 in its category [1]. - Caitong Growth Selection A (001480) has a latest net value of 3.0030 yuan, with a one-day increase of 8.06%, a one-month rise of 37.82%, and a one-year growth of 108.54%, ranking 44th out of 2268 [2][1]. Additional Fund Highlights - Caitong New Vision A (005851) has a one-year growth of 118.86%, ranking 35th out of 2318 [2]. - Caitong Prosperous Industry A (010418) has a one-year growth of 125.22%, ranking 69th out of 4360 [3]. - Caitong Multi-Strategy Upgrade A (501015) has a one-year growth of 124.47%, ranking 19th out of 2268 [3]. - Caitong Balanced One-Year Holding A (013238) has a one-year growth of 118.92%, ranking 96th out of 4360 [3]. - Caitong Emerging Blue Chip A (006522) has a one-year growth of 111.89%, ranking 141st out of 4360 [3]. - Caitong Wisdom Growth A (009062) has a one-year growth of 105.05%, ranking 196th out of 4360 [4]. Investment Strategy and Market Outlook - The strong performance of Caitong Fund is attributed to the recent recovery in the A-share market and the robust collaborative capabilities of its research platform, along with the deep research abilities of its fund managers [5]. - The overall market sentiment has improved, with a notable increase in investor risk appetite, leading to a broad market rally. The non-ferrous metals sector has led the gains, benefiting from the Federal Reserve's interest rate cuts, while technology and robotics sectors remain strong [5].

Core Viewpoint - The article highlights the current market situation where the Shanghai Composite Index has reached a 10-year high, emphasizing the challenges ordinary investors face in timing the market and selecting stocks effectively [1] Industry Performance Summary - In recent years, the performance of various sectors in the A-share market has shown significant variability, with energy achieving double-digit growth even during the bear market of 2022, while real estate declined nearly 10% during the bull market of 2020 [1] - The annual performance of different sectors from 2019 to 2024 indicates that sectors like daily consumption and information technology have fluctuated significantly, with some years showing strong growth while others faced declines [3] Fund Manager Insights - Professional fund managers are better equipped to navigate market risks and opportunities, with several actively managed funds achieving positive returns and annualized rates above 16% since January 1, 2022 [4] - Specific fund managers, such as Shen Li, Zhang Chengyuan, and Hu Zhongyuan, have demonstrated effective strategies in managing their funds, focusing on growth, flexibility, and stable returns respectively [6][13][19] Investment Strategy Recommendations - Ordinary investors are advised to focus on finding suitable professional management tools that align with their risk preferences rather than getting caught up in short-term market fluctuations [25] - The article suggests that long-term investment strategies, rather than precise timing, are key to asset appreciation over time [25]