Performance pressure of multi-strategy funds, the integration of multi-strategy and track strategy trends.

In the past two years, with the extreme interpretation of the structural market in the A-share market, it has become increasingly difficult for funds to adopt a diversified allocation strategy. Public funds, speculative funds, and other institutions have focused highly on a few tracks such as AI and computing power, leading to the continued poor performance of funds that adhere to a diversified holding strategy, and the failure of diversified strategies has become a topic in the industry. However, facing the changes in the market, there is also a group of balanced funds that have actively adjusted their positions, and their performance is also very outstanding. Against the backdrop of the current technology market, the fund industry's understanding of diversified investments is also changing. It is generally believed within the industry that public fund research is breaking the inherent understanding of choosing between tracks and balance, and the two investment frameworks are gradually merging and developing.