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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
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  摘要:基金经理马丁具有光学工程、信号处理、微纳器件等领域的科研背景

  人工智能风暴席卷全球,新一轮科技革命与产业变革正以前所未有的速度重塑世界经济格局。在这场关乎未来的科技竞赛中,投资赛道也随之重构,科技创新领域正成为竞相追逐的价值高地。

  作为业内最早深耕科技投资的基金公司之一,华安基金已构建起一支具备产业+投研的复合型能力的精锐投研团队——华安基金科技联盟。其中,基金经理马丁是光学博士,具有光学工程、信号处理、微纳器件等领域的科研背景,长期深入研究电子、计算机、通信等行业,紧密跟踪新兴产业发展趋势。

  锚定科技创新主线,以全球视野掘金。在马丁看来,公募基金投资自主创新的科技企业,既是分享科技公司成长的收益,也是支持科技实业的发展。

  专业背景+全球视野 捕捉科技投资“新”机会

  马丁本科就读于北京大学信息科学技术学院,北大丰富多元的课程体系为他的科技投资之路打下了扎实的基础。此后,马丁前往美国宾州州立大学电子工程系攻读博士学位,海外的求学经历,让他参与到前沿的科研项目之中,极大地拓宽了视野,实现知识框架的高度系统化。

  2018年,马丁加入华安基金,2023年3月开始管理基金。在投资中,马丁紧紧围绕着科技创新主题布局。从华安科技创新混合基金的持仓情况便能清晰洞察其投资脉络:自2023年以来,该基金主要对科技创新和新质生产力领域进行配置,涵盖AI、半导体、消费电子和自主信创等多个细分方向,重点关注企业的成长持续性和营收质量。

  在马丁看来,创新可分为几个不同层次,包括底层基础科学创新,重要技术创新,和国内追赶突破创新。创新的技术唯有切实转化为新的产业机会,才能真正让投资者收获实际收益。在一项科技创新从萌芽到成熟的不同阶段,投资者往往需要在预期空间的大小与产业发展的确定性之间做出取舍。为了实现更优的风险收益比,马丁更看好技术创新和国产突破的机会。

  相比于传统行业,科技行业的技术更新换代速度快,产业链各环节之间的联动效应更强烈,这也导致其股价波动更为剧烈。为了尽可能降低净值的波动,马丁致力于通过深度研究来打好投资的提前量。在选股过程中,他更加注重标的的全球竞争力、长期竞争力,以及估值的合理性。

  具体而言,面对一个新兴的投资方向,马丁首先深入细致地展开研究工作,理解创新的基础和变化的核心矛盾;其次,在复杂的产业链中寻找兼具确定性和优势壁垒的环节;之后持续跟踪产业趋势,密切关注其是否能够切实为企业带来收入的增长和利润的提升。

  马丁深知,在扎实做好基本面研究的基础上,投资过程中保持开拓创新的心态与强化风险意识之间的平衡至关重要。对于那些经过严谨深入研究的个股,要坚定持有,明确买入的初衷与理由。他明白,只有对投资标的做到可跟踪,才能更好的控制风险。

  把脉产业 紧密关注人工智能应用+科技自主可控

  科技投资需要广泛且勤勉地寻找新兴产业趋势。譬如,在产业发展的早期,理解技术基础和产业链关系往往是最大的难点,同时,还需要分析市场需求的空间以及延续性。华安基金科技投研团队在多个领域有丰富经验,并且团队中的多位成员具有深厚的产业背景,对科技发展的演进逻辑理解深刻,这为马丁提供了强大的助力,使他在投资过程中能够更加准确地把握产业发展的脉搏。

  谈及当前关注的投资方向,马丁主要紧盯两大产业趋势,一个是人工智能落地应用的机会,另一个是国内科技自主可控的深化推进。具体来看,在人工智能领域中,马丁更关注国产硬件和企业信息化改造,因为这两个细分都属于推理应用的范畴,国内企业更擅长软硬件一体的商业模式。同时,全球贸易体系正面临挑战,人工智能落地应用是我国向新质生产力转型升级的重大机遇,也是提振内需和投资的最好方向。

  马丁观察发现,在消费者端,各大科技公司都在紧锣密鼓开发AI原生新产品,他选择根据产品的成功与否对产业链进行配置。

  “科技自主可控是我一直看好的方向,我国已经具有强大的科技实力,更不用说首屈一指的工业实力。半导体作为信息产业的核心,我国自主生产实力快速增长,接连突破尖端技术,可触达的市场空间不断扩大。”半导体产业链条十分复杂,涵盖原材料生产、芯片设计、晶圆制造等多个环节,凭借深入研究与洞察,马丁积极探寻投资机遇。

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