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基于以上的判断，我会积极寻找投资机会，围绕着业绩高增长与超预期的选股思路，具体来说包括如下方向：1、数字经济与人工智能。《关于构建数据基础制度更好发挥数据要素作用的意见》是数据要素化的关键一步。数字经济的战略地位被提升到前所未有的高度，相关的商业模式逐步在探索和清晰。以OpenAI为代表的生成式人工智能，有望推动新一轮的全球产业革命，产业变化日新月异。无论是机器人也好，自动驾驶也好，本质上都是人工智能的外延方向。目前阶段的数字经济与人工智能，无论是从产业发展的角度，还是从A股投资的角度，都非常类似于2020年年初的新能源车。2、消费。一方面消费会是稳经济的发力点之一，另一方面基于国内巨大的内需市场，只要能把握住某一细分市场的机会，无论是细分品类、细分人群还是细分价位，就足以成就一个高速增长的消费品公司。并且无论在何种环境下，消费者对于更高性价比的商品或服务的追求从未发生改变。3、医药。2018年至今集采带来行业整体估值下行，但其中不乏高增长或高性价比的医药公司。无论医保政策是否有边际变化，从股票投资角度来看，医药都有可能已经迎来否极泰来的投资机会。我的投资框架是始终如一的寻找业绩高增长与超预期，在这个底层逻辑之上同时对市场永存敬畏之心，希望既能坚持自我、又能不断进化。希望投资者能多一分耐心，作为组合管理者我一定会尽心竭力，争取回报给投资者一份满意的答卷。","fund":{"_id":3000000003516,"stockCode":"003516","stockType":"fund","areaCode":"cn","followedNum":42,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-03-28T16:00:00.000Z","setUpScale":209788000,"market":"a","tickerId":3516,"custody":"中国银行股份有限公司","name":"国泰融安多策略灵活配置混合型证券投资基金","shortName":"国泰融安多策略灵活配置混合(003516)","fundSecondLevel":"hybrid","__csrcFundId":1849,"fundStatus":"normal","lastUpdated":"2026-04-30T18:54:53.772Z","masterFundFlag":1,"inceptionDate":"2017-07-02T16:00:00.000Z","fundCollectionId":4000050010000,"currency":"CNY","masterFundShortName":"国泰融安多策略灵活配置混合","pinyin":"gtradcllhpzhhxzqtzjj","managers":[{"stockCode":"8801467877","stockType":"fund_manager","exchange":"fm","tickerId":122403170230,"name":"林小聪"}]},"announcement":{"linkText":"国泰融安多策略灵活配置混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=958470","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec74c7fea5b3eb0468776","date":"2023-03-30T16:00:00.000Z","stockId":3000000003516,"sao":"2023年1季度，上证指数上涨5.94%，深证综指上涨7.55%，创业板指上涨2.25%。分行业来看，涨幅居前的行业是计算机、传媒、通信、电子、建筑装饰，跌幅居前的行业是房地产、商贸零售、银行等。我管理的基金组合主要布局了消费、数字经济、医药等投资方向，在一季度获取了一定收益。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:12:44.160Z","fund":{"_id":3000000003516,"stockCode":"003516","stockType":"fund","areaCode":"cn","followedNum":42,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-03-28T16:00:00.000Z","setUpScale":209788000,"market":"a","tickerId":3516,"custody":"中国银行股份有限公司","name":"国泰融安多策略灵活配置混合型证券投资基金","shortName":"国泰融安多策略灵活配置混合(003516)","fundSecondLevel":"hybrid","__csrcFundId":1849,"fundStatus":"normal","lastUpdated":"2026-04-30T18:54:53.772Z","masterFundFlag":1,"inceptionDate":"2017-07-02T16:00:00.000Z","fundCollectionId":4000050010000,"currency":"CNY","masterFundShortName":"国泰融安多策略灵活配置混合","pinyin":"gtradcllhpzhhxzqtzjj","managers":[{"stockCode":"8801467877","stockType":"fund_manager","exchange":"fm","tickerId":122403170230,"name":"林小聪"}]},"announcement":{"linkText":"国泰融安多策略灵活配置混合型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888565","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec74c7fea5b3eb0468775","date":"2022-12-30T16:00:00.000Z","stockId":3000000003516,"sao":"2022年宏观环境比较复杂，美联储加息预期、俄乌战争对大宗商品的扰动、投资者对全球通胀甚至是滞涨的预期升温、疫情的发展、经济的压力等等，都对A股走势产生了很大影响。全年来看，上证指数下跌15.13%，深证成指下跌25.85%，创业板指下跌29.37%。分行业来看，煤炭涨幅居前，电子、计算机、军工、传媒、建材等跌幅居前。总体来说，2022年的投资难度比较大，我管理的基金组合也出现了较大的净值回撤，最主要的原因在于我没有充分预判到宏观层面的风险以及宏观对市场风格的影响。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:12:44.158Z","mo":"展望2023年，我认为A股的投资机会应该好于2022年，原因在于：美联储加息进入尾声、外部负面因素得到缓解，国内地产、防疫等政策都有向好变化，国内经济有很大概率在2023年开始复苏。政策可能是2023年最值得关注的变量，从全年政策的优先顺序上，稳社会预期和扩内需放在首位，然后是和发展与安全相关的建设现代化产业体系。预计上半年政策重心在前者，待扩大内需的政策落地见效，下半年工作重心可能将再调整到后者。基于以上的判断，我会积极寻找投资机会，围绕着业绩高增长与超预期的选股思路，具体来说包括如下方向： 1、消费是最值得关注的方向，无论是从稳经济的发力点来看，还是从防疫政策的变化来看。这里的核心在于解决了人与人、人与物之间的交换。2、数字经济与安全。二十大报告的重点仍在安全，大安全方向是长期关键变量。3、医药：2018年至今集采带来行业整体估值下行，但其中不乏高增长或高性价比的医药公司。我们的投资框架是始终如一的寻找业绩高增长与超预期，在这个底层逻辑之上我们同时对市场永存敬畏之心，希望既能坚持自我、又能不断进化。希望投资者能多一分耐心，作为组合管理者我一定会尽心竭力，争取回报给投资者一份满意的答卷。","fund":{"_id":3000000003516,"stockCode":"003516","stockType":"fund","areaCode":"cn","followedNum":42,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-03-28T16:00:00.000Z","setUpScale":209788000,"market":"a","tickerId":3516,"custody":"中国银行股份有限公司","name":"国泰融安多策略灵活配置混合型证券投资基金","shortName":"国泰融安多策略灵活配置混合(003516)","fundSecondLevel":"hybrid","__csrcFundId":1849,"fundStatus":"normal","lastUpdated":"2026-04-30T18:54:53.772Z","masterFundFlag":1,"inceptionDate":"2017-07-02T16:00:00.000Z","fundCollectionId":4000050010000,"currency":"CNY","masterFundShortName":"国泰融安多策略灵活配置混合","pinyin":"gtradcllhpzhhxzqtzjj","managers":[{"stockCode":"8801467877","stockType":"fund_manager","exchange":"fm","tickerId":122403170230,"name":"林小聪"}]},"announcement":{"linkText":"国泰融安多策略灵活配置混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866232","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec74c7fea5b3eb0468774","date":"2022-09-29T16:00:00.000Z","stockId":3000000003516,"sao":"2022年1季度，A股市场走势以震荡下行为主。上证指数下跌10.65%，创业板指下跌19.96%。表现较好的行业是煤炭、地产、银行等，跌幅较大的行业是电子、军工、汽车等。2022年2季度，市场震荡上行，上证指数上涨4.50%，创业板指上涨5.68%。分行业来看，汽车、食品饮料、新能源涨幅居前，地产、传媒、医药、农业等跌幅居前。3季度以来，市场再次进入调整期。截至三季度末，上证指数下跌16.91%，深证成指下跌27.45%，创业板指下跌31.11%。分行业来看，煤炭涨幅居前，电子、传媒、计算机、建材、医药等跌幅居前。2022年宏观环境比较复杂，美国加息预期、俄乌战争对大宗商品的扰动很多，投资者对全球通胀甚至是滞涨的预期在升温，对A股走势产生了很大影响。年初我们对投资主线的判断是：稳增长与创新的主线交织。稳增长方向我们会关注建筑建材、地产、地产产业链等；创新方向我们会关注元宇宙/VR与消费电子、汽车智能化（汽车电子与零部件）。另外我们还会关注一些其他可能带来业绩超预期的投资方向，例如：高景气行业如储能、涨价消费品、行业政策、国企改革等。但遗憾的是我管理的基金组合出现了较大的净值回撤，最主要的原因是我没有充分预判到宏观层面的风险以及宏观对市场风格的影响，此外我前期看好的部分成长股或因为需求原因、或因为成本原因，业绩可能不及预期。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:12:44.155Z","fund":{"_id":3000000003516,"stockCode":"003516","stockType":"fund","areaCode":"cn","followedNum":42,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-03-28T16:00:00.000Z","setUpScale":209788000,"market":"a","tickerId":3516,"custody":"中国银行股份有限公司","name":"国泰融安多策略灵活配置混合型证券投资基金","shortName":"国泰融安多策略灵活配置混合(003516)","fundSecondLevel":"hybrid","__csrcFundId":1849,"fundStatus":"normal","lastUpdated":"2026-04-30T18:54:53.772Z","masterFundFlag":1,"inceptionDate":"2017-07-02T16:00:00.000Z","fundCollectionId":4000050010000,"currency":"CNY","masterFundShortName":"国泰融安多策略灵活配置混合","pinyin":"gtradcllhpzhhxzqtzjj","managers":[{"stockCode":"8801467877","stockType":"fund_manager","exchange":"fm","tickerId":122403170230,"name":"林小聪"}]},"announcement":{"linkText":"国泰融安多策略灵活配置混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807116","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec74c7fea5b3eb0468773","date":"2022-06-29T16:00:00.000Z","stockId":3000000003516,"sao":"2022年1季度，A股市场走势以震荡下行为主。上证指数下跌10.65%，创业板指下跌19.96%。表现较好的行业是煤炭、地产、银行等，跌幅较大的行业是电子、军工、汽车等。2022年2季度，市场震荡上行，上证指数上涨4.50%，创业板指上涨5.68%。分行业来看，汽车、食品饮料、新能源涨幅居前，地产、传媒、医药、农业等跌幅居前。2022年宏观环境比较复杂，美国加息预期、俄乌战争对大宗商品的扰动很多，投资者对全球通胀甚至是滞涨的预期在升温，对A股走势产生了很大影响。年初我们对投资主线的判断是：稳增长与创新的主线交织。稳增长方向我们会关注建筑建材、地产、地产产业链等；创新方向我们会关注元宇宙/VR与消费电子、汽车智能化（汽车电子与零部件）。另外我们还会关注一些其他可能带来业绩超预期的投资方向，例如：高景气行业如储能、涨价消费品、行业政策、国企改革等。但遗憾的是我管理的基金组合在上半年出现了较大的净值回撤，最主要的原因是我没有充分预判到宏观层面的风险以及宏观对市场风格的影响，此外我前期看好的部分成长股或因为需求原因、或因为成本原因，业绩可能不及预期。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:12:44.152Z","mo":"2022年宏观环境比较复杂，但同时国内又把GDP增长的目标定在5.5%，这个目标是超出市场之前的预期，大概率我们可以期待后续国内有不断的宽松和稳定经济的政策出台。我对宏观环境的判断是：国内经济将逐季修复、下半年盈利增速修复；美国经济下行将加速，大宗商品有望下行，美联储将转鸽；现阶段流动性充沛，四季度流动性可能均值回归，需要跟踪。从股债性价比上来说，随着前期的市场反弹，估值性价比有一定回落；但是沪深300股息率相较于3个月大行理财收益率处于2010年以来89.0%分位，显示对居民而言性价比极高。基于以上的判断，我会积极寻找投资机会，围绕着业绩高增长与超预期的选股思路，7-10月份正是上市公司公布中报、三季报的时间段，这也是我们选股的好时机。具体来说包括如下方向：高景气的风光储，汽车与汽车智能化，稳增长方向包括地产、建筑建材、轻工、白酒等高性价比的医药公司等。我们的投资框架是始终如一的寻找业绩高增长与超预期，在这个底层逻辑之上我们同时对市场永存敬畏之心，希望既能坚持自我、又能不断进化。希望投资者能多一分耐心，作为组合管理者我一定会尽心竭力，争取回报给投资者一份满意的答卷。","fund":{"_id":3000000003516,"stockCode":"003516","stockType":"fund","areaCode":"cn","followedNum":42,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-03-28T16:00:00.000Z","setUpScale":209788000,"market":"a","tickerId":3516,"custody":"中国银行股份有限公司","name":"国泰融安多策略灵活配置混合型证券投资基金","shortName":"国泰融安多策略灵活配置混合(003516)","fundSecondLevel":"hybrid","__csrcFundId":1849,"fundStatus":"normal","lastUpdated":"2026-04-30T18:54:53.772Z","masterFundFlag":1,"inceptionDate":"2017-07-02T16:00:00.000Z","fundCollectionId":4000050010000,"currency":"CNY","masterFundShortName":"国泰融安多策略灵活配置混合","pinyin":"gtradcllhpzhhxzqtzjj","managers":[{"stockCode":"8801467877","stockType":"fund_manager","exchange":"fm","tickerId":122403170230,"name":"林小聪"}]},"announcement":{"linkText":"国泰融安多策略灵活配置混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=780562","linkType":"PDF","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