"Her Power" | Four female leaders of Dacheng Fund meet the era with professionalism

In traditional understanding, strength is often associated with rigidity and sharpness, but the capital markets are never short of edge. Female fund managers are redefining professional strength by combining firmness and flexibility. The current “her power” breaks this binary—firmness means sticking to principles and bottom lines, while flexibility signifies wisdom and guidance. Together, they forge an investment path that balances intensity and warmth, reflected in net value curves and long-term value.

As fund assets expand and the number of fund managers increases daily, more women are safeguarding investors’ money, gradually increasing their share in the industry. According to the latest Wind data, there are 13,821 public funds managed by 4,152 fund managers, with 1,110 of them women. These women have more unique insights into investment.

Upholding Long-Term Value, Accompanying Holders Through Cycles — Sun Dan

“To me, the value of a fund is not about achieving the fund manager’s success, but about achieving the investors’ success—accompanying holders through cycles and into a bright future,” summarized Sun Dan, Director of the Mixed Asset Investment Department at Dacheng Fund.

Sun Dan, Director of the Mixed Asset Investment Department at Dacheng Fund

The capital market has always been turbulent. Sun Dan says she has become accustomed to sedimenting through market fluctuations and growing roots amid pressure and challenges.

She believes that “quick and speculative” behaviors are hard to build core competitiveness. Only by adhering to a “slow and steady” approach can one stay on a stable and long-term investment path.

Regarding investment insights, she states that the journey from following common market trends to developing unique “sharp insights” and ultimately forming “firm opinions” is key. When the direction is clear, only by staying grounded can one navigate market cycles.

Deepening Professional Expertise to Guide Holders Through Cycles — Guo Weiling

With 11 years in securities and 5 years managing funds, Guo Weiling joined Dacheng Fund in July 2015. She focuses on technology investments, following the investment philosophy that “forward-looking research is the source of excess returns, and embracing change.”

Guo Weiling, Fund Manager at Dacheng Fund’s Equity Investment Department

On her investment strengths, she humbly says she is still a “junior” in the industry, always deepening her understanding of the industries she covers. Her style aims for positive returns, with clear recognition of each investment target.

Facing market volatility, she admits she invests in concrete work and prepares contingency plans, professionally guiding holders through cycles.

Regarding the 2026 market, she believes overall expectations are high, and investment difficulty is increasing due to previous large capital inflows causing tight supply and rising prices, which may present underestimated opportunities. Regarding AI and quantitative trends, she notes that quant strategies might boost short-term market sentiment around certain concepts, and a forward-looking perspective can help identify opportunities.

Her message: she views investing as a personal cultivation, committed to professionalism and not letting holders down.

Seeking Progress While Maintaining the Original Intent — Zheng Xin

With 9 years of experience and 4 years in investment management, Zheng Xin believes that her long-standing focus on prioritizing client interests and long-termism has profoundly influenced her investment philosophy.

Zheng Xin, Fund Manager at Dacheng Fund’s Fixed Income Headquarters

Zheng Xin adheres to the principle of “seeking innovation within integrity,” maintaining product positioning and risk boundaries, while making independent judgments to seize value opportunities in a contrarian manner.

She explains that “upholding integrity” means making investment decisions aligned with the risk-return profile of the product, avoiding exposing investors to risks outside the product’s scope.

“Seeking innovation” involves respecting objective asset pricing laws while maintaining personal value judgments—avoiding assets with valuations far above reasonable levels, yet daring to act when asset values become apparent, even amid market panic, which often yields significant excess returns.

Her investment style can be summarized as seeking progress within stability. She considers bonds the “ballast” of asset allocation, focusing not only on returns but also on controlling maximum drawdowns, improving drawdown recovery, and increasing positive return rates. She strives for an optimal balance between yield and experience through refined strategies to ensure steady returns.

In a low-interest-rate environment, she emphasizes controlling portfolio volatility and capturing structural opportunities to enhance risk-adjusted returns.

Relying on Dacheng’s integrated fixed income research team, she first determines duration centrality and range based on product positioning, then adjusts holdings and duration according to market judgment, followed by selecting quality bonds, sectors, and ratings, finally implementing targeted selection of individual securities. Balancing yield and safety, she maintains risk and return parity, using scenario analysis and strict stop-loss and take-profit disciplines to safeguard the bottom line.

Looking ahead, Dacheng Fixed Income will continue to uphold its prudent philosophy, leveraging professional research and attentive service to create sustainable, steady value for investors.

Anchoring Stability, Achieving Long-Term Goals — Wang Xi

With over 15 years of industry experience and more than 2 years in investment management, Wang Xi specializes in managing fixed income products. Her core philosophy is pursuing long-term, stable returns, safeguarding wealth and creating value amid low interest rates and market volatility.

Wang Xi, Fund Manager at Dacheng Fund’s Fixed Income Headquarters

She describes her investment style as long-term, risk-adjusted return focused, aiming to improve the portfolio’s Sharpe ratio.

She believes women in research and investment are more likely to maintain a long-term perspective, block out short-term turbulence, and enhance the holder’s experience. They prioritize risk control, strictly adhere to risk indicators, and have zero tolerance for risk events.

Facing market fluctuations and pressure, Wang Xi chooses to step back appropriately, adjusting her mindset with calmness. She insists on doing what is right for the long term and being responsible for her holders.

Currently, she favors stable return portfolios with diversified assets and tools. In the environment of low interest rates and volatility, investors should focus on balancing long-term risks and returns, avoiding chasing short-term hot topics.

After 15 years of research and investment, she remains true to her original purpose. Looking ahead, she hopes to maintain her long-term perspective and build a resilient moat with sufficient depth. Her message to holders: “Let’s work together through cycles and strive for steady happiness.”

Text / Xu Nannan Editing / Xu Nan