Significant performance differentiation in consumption-themed funds, with new consumption being a key focus for institutional layout.

Since the beginning of this year, the performance of consumer-themed funds has significantly differentiated, with many outstanding products focusing on new consumer-related targets. At the current point in time, institutions believe that the long-term potential of the consumer sector is promising, but the short-term fundamentals still need to be validated by data, and the new consumer field may become the focus of future layouts. "For example, areas such as trendy toys, beauty products, pet food, and gaming, these areas have dual characteristics of 'potential for increased penetration' and 'representing emerging lifestyles.' Their target consumer group has strong consumption willingness, industry structure is not yet solidified, and they are more likely to open up incremental space in the stock market, which is the value niche that I am more willing to explore in depth," a fund manager said.