Over the past two years, the A-share market has witnessed pronounced structural shifts, presenting formidable challenges to the diversified allocation strategies employed by funds. Institutions, including public offerings and liquid capital, have channeled their investments into a select few sectors, such as AI and computing power. This concentration has led to subpar returns for funds that maintain a diversified portfolio. The ineffectiveness of multi-strategy approaches has emerged as a central topic of discussion within the industry.

However, certain balanced funds have distinguished themselves by proactively adjusting their positions, thereby achieving remarkable performance. Against the backdrop of a market increasingly driven by technological advancements, the fund industry's outlook on diversified investments is undergoing a transformation. There is a prevailing sentiment among industry professionals that public investment research is dismantling the traditional dichotomy between sector-specific and balanced investment strategies. Consequently, these two investment frameworks are gradually converging, reflecting a nuanced understanding of market dynamics and risk management.