Morgan Stanley Fund's General Manager and Chief Investment Officer, Zhou Wentong, has extended his New Year greetings. He stated that in 2026, Morgan Stanley Fund will continue to leverage its global integrated platform, combined with over two decades of local market experience and insight, to provide investors with diversified and differentiated product choices. The firm is committed to achieving long-term outstanding product performance and helping investors capture global market opportunities through professional, high-quality services.
Over the past year, domestic macroeconomic growth has entered a new normal, global capital allocation has undergone rebalancing, and China's capital market has achieved leapfrog development. Facing a complex and ever-changing internal and external environment alongside structural opportunities in the capital markets, Morgan Stanley Fund, adhering to its philosophy of "Global Wisdom, Wholeheartedly for You," has delivered impressive results in both investment performance and client services. Notably, the Morgan Stanley Digital Economy Mixed Fund ranked first in its category for performance over the last two years. Furthermore, several of the company's fixed-income products ranked in the top decile for performance in 2025, and the firm's assets under management have grown steadily.
Looking ahead to 2026, a new round of technological revolution and industrial transformation is expected to foster more new opportunities, and the prospects for the development of China's capital market remain positive. Morgan Stanley Fund will continue to rely on its global integrated platform and its more than 20 years of local experience and insight to offer investors a variety of distinct product options. The focus remains on building long-term superior product performance and utilizing expert services to assist investors in seizing investment opportunities across global markets. On behalf of all colleagues at Morgan Stanley Fund, I wish everyone a happy New Year, successful investing, and immediate success.