Market volatility is gradually increasing, making investment more challenging. Fund managers who can identify certainty from industrial evolution are becoming increasingly valuable. Wang Yiwen from HuaShang Fund is precisely such a practitioner, who adopts a meso-level perspective and seeks steady progress. The HuaShang Strategy Selection Flexible Allocation Hybrid Fund he manages has also demonstrated solid net asset value growth capabilities.
As of May 31, 2026, the performance of the HuaShang Strategy Selection Flexible Allocation Hybrid Fund over the past 1, 3, 5, and 7 years has significantly outperformed its benchmark over the same periods. More notably, data released by fund evaluation agencies in June shows that the fund's performance rankings for the past 1, 3, 5, and 7 years are all in the top quartile of its peer group, with its 5-year performance ranking in the top ten. The fund does not pursue short-term extreme gains but consistently outperforms its benchmark across different medium to long-term time horizons, steadily maintaining a leading position in the industry, ultimately achieving significant results through cumulative steps.
Wang Yiwen, Assistant General Manager of the Equity Investment Department at HuaShang Fund and manager of funds including the HuaShang Strategy Selection Flexible Allocation Hybrid, has over 13 years of experience in the securities industry. His extensive cross-sector research and practical experience have shaped his value-growth strategy centered on meso-level industrial research. This involves selecting investment directions from the perspective of industrial evolution and carefully picking individual stocks with a long-term holding mindset.
In detail, his investment strategy is "to build a foundation with core assets and enhance returns with industrial cycles." In his view, core assets, as the "sub-optimal choice" over a complete cycle, combine qualities such as asset quality, controllable risk, high liquidity, and large capacity, providing solid bottom support. The leading industries within industrial cycle investments, as the "optimal choice," possess characteristics of greater elasticity, which can help enhance returns. The combination of the two can effectively improve the risk-return profile of the portfolio.
In terms of the investment portfolio, Wang Yiwen focuses on the medium to long term, closely aligning with the direction of high-quality development, and positions in areas representing the future trends of China's economy. These include semiconductors, artificial intelligence, resources and materials, as well as core assets in their bottom ranges. According to the fund's latest periodic report, as of the end of the first quarter of 2026, the HuaShang Strategy Selection Flexible Allocation Hybrid Fund he manages maintained overall stable positioning and portfolio structure. Sector allocation was relatively balanced, with an appropriate overweight in electronics and non-ferrous metals. Stock selection primarily focused on leading companies across various industries.
Looking ahead to 2026, in the latest annual report of the HuaShang Strategy Selection Flexible Allocation Hybrid Fund, Wang Yiwen believes that while the international situation remains complex, positive factors such as policy dividends, industrial progress, and the entry of long-term funds into the market are expected to drive the market to continue its slow-bull pattern of fluctuating upward movement.
Data notes: The industrial directions of focus for the fund manager mentioned in the article are from the fund's periodic reports and represent the manager's judgment during the reporting period, not a guarantee of future investments. Please refer to the fund's periodic reports for details. The above content only represents the fund manager's investment philosophy. For specific investment strategies, please refer to the fund's legal documents. Relative return, also known as excess return, represents the portion of fund returns exceeding the performance benchmark over a specified time period. Fund performance ranking evaluation data is from Galaxy Securities, released in June 2026, with data up to May 31, 2026. The HuaShang Strategy Selection Flexible Allocation Hybrid Fund is classified as an Equity-oriented Fund (with an 80% stock limit) (Class A). As of March 31, 2026, Wang Yiwen has 13.1 years of experience in the securities industry, including 7.3 years in securities research and 5.8 years in securities investment. The funds Wang Yiwen has managed include: HuaShang Strategy Selection Flexible Allocation Hybrid Securities Investment Fund (from May 11, 2020, to present), HuaShang Future Theme Hybrid Securities Investment Fund (from January 10, 2023, to present), HuaShang Industrial Opportunities Hybrid Securities Investment Fund (from March 4, 2024, to present), HuaShang Prosperity Growth Hybrid Securities Investment Fund (from March 12, 2025, to present), and HuaShang Core Selection Hybrid Securities Investment Fund (from March 13, 2026, to present).
The HuaShang Strategy Selection Flexible Allocation Hybrid Securities Investment Fund was established on November 9, 2010. Its investment scope was amended on December 28, 2020, to include depositary receipts as investment targets. The performance benchmark is 55% of the CSI 300 Index return plus 45% of the SSE Government Bond Index return.
Performance of similar funds managed by Wang Yiwen: The annual performance of the HuaShang Strategy Selection Flexible Allocation Hybrid Securities Investment Fund from 2021 to 2025 was 21.51%, -6.8%, -3.84%, -6.66%, and 53.45% respectively. The performance of its benchmark over the same periods was -0.66%, -10.69%, -4.64%, 12.26%, and 10.14% respectively. The annual performance of the HuaShang Prosperity Growth Hybrid Securities Investment Fund from 2021 to 2025 was 15.94%, 6.37%, 5.45%, 4.31%, and 47.73% respectively. The performance of its benchmark over the same periods was -2.62%, -15.64%, -7.65%, 13.46%, and 13.49% respectively. The annual performance of the HuaShang Industrial Opportunities Hybrid Securities Investment Fund (Class A) in 2025 was 47.82%, while its benchmark performance was 16.42%. The annual performance of the HuaShang Industrial Opportunities Hybrid Securities Investment Fund (Class C) in 2025 was 47.15%, while its benchmark performance was 16.42%. The annual performance of the HuaShang Future Theme Hybrid Securities Investment Fund from 2021 to 2025 was 15.99%, -16.31%, -4.99%, -8.79%, and 54.22% respectively. The performance of its benchmark over the same periods was -2.62%, -15.64%, -7.65%, 13.46%, and 13.49% respectively. The above data is from fund periodic reports. For the latest fund unit net asset value, please visit the HuaShang Fund official website.
Risk Warning: The fund manager is committed to managing and utilizing fund assets with honesty, diligence, and prudence, but does not guarantee that the fund will be profitable or guarantee a minimum return. The past performance and net asset value level of the fund do not predict its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. When purchasing funds, investors should carefully read the fund contract, prospectus, fund product summary, and other legal documents of the fund. For specific investment strategies, please refer to the fund's legal documents. The above content does not constitute investment advice. The market involves risks, and fund investment requires caution. Investors are advised to choose products that match their risk tolerance and investment objectives.
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