Market volatility is gradually increasing, making the task of investing more challenging. Fund managers who can identify certainty within industrial evolution are becoming increasingly rare. Wang Yiwen of Huashang Fund is one such practitioner who approaches the market from a meso perspective, seeking steady progress. The Huashang Strategy Selection Flexible Allocation Mixed Fund he manages has also demonstrated solid net asset value growth capabilities.
As of May 31, 2026, the fund's performance over the past 1, 3, 5, and 7 years has significantly outperformed its benchmark. Furthermore, data released in June by a fund evaluation agency shows that the fund's performance rankings over these periods are all within the top quartile of its peer group, with its 5-year performance ranking in the top ten. The strategy does not chase short-term explosive gains but consistently outperforms the benchmark across medium to long-term horizons, steadily building superior results over time.
Wang Yiwen has over 13 years of experience in the securities industry, including 7.3 years in research and 5.8 years in investment. He currently serves as Assistant General Manager of the Equity Investment Department at Huashang Fund and manages several funds, including the Huashang Strategy Selection Flexible Allocation Mixed Fund. His extensive cross-industry research and practical experience have shaped his value-growth strategy, which centers on meso-level industry research. This involves selecting investment directions from the perspective of industrial evolution and picking individual stocks with a long-term holding mindset.
In detail, his investment approach uses core assets as a foundation and leverages industrial cycles for enhancement. In his view, core assets, as a "sub-optimal choice" across a complete cycle, offer quality, controllable risk, high liquidity, and large capacity, providing solid support for the portfolio's base. The leading industries within industrial cycle investments represent the "optimal choice," characterized by greater elasticity, which can help enhance returns. Combining the two can effectively improve the portfolio's risk-reward ratio.
In practice, Wang Yiwen focuses on medium to long-term trends, aligning closely with the direction of high-quality development. He allocates to sectors representing the future trends of China's economy, such as semiconductors, artificial intelligence, resource materials, and core assets currently in a bottoming phase. According to the fund's latest periodic report, as of the end of the first quarter of 2026, the portfolio positioning and structure of the Huashang Strategy Selection Flexible Allocation Mixed Fund remained generally stable. Industry allocation was balanced, with an appropriate overweight in electronics and non-ferrous metals, and holdings primarily consisted of leading companies across various sectors.
Looking ahead to 2026, as stated in the fund's latest annual report, Wang Yiwen believes that while the international situation remains complex, positive factors such as policy dividends, industrial progress, and the entry of long-term capital into the market are expected to drive the market to maintain a slow-bull pattern of upward volatility.
It is important to note that the industry directions mentioned by the fund manager are based on periodic reports and reflect his judgment for the reporting period, not a guarantee of future investments. The content represents the fund manager's investment philosophy; specific strategies are detailed in the fund's legal documents. Performance ranking data is sourced from a fund evaluation agency's June 2026 release. Past performance is not indicative of future results. Fund investments carry risks; investors should carefully read fund contracts, prospectuses, and other legal documents before investing, ensuring the product aligns with their risk tolerance and investment objectives.