"Her Power" | China Europe Fund Fu Beijia: Achieving long-term success with patience and safeguarding value through risk control

In traditional understanding, strength is often associated with rigidity and sharpness, but the capital markets are never short of sharpness. Female fund managers are redefining professional strength by combining firmness and flexibility. The current “her power” breaks this binary opposition—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.

“Women naturally excel in patience, meticulousness, empathy, long-termism, and risk awareness in investment research. They are more willing to take their time, look at the bigger picture, and are more sensitive to drawdowns and investor experience. They also pursue the ability to ‘hold’ good assets,” summarized Fu Beijia, manager of the China Europe Potential Value Fund.

China Europe Potential Value Fund Manager Fu Beijia

Since entering the industry in 2018, Fu Beijia has over 8 years of experience in the financial sector, with nearly 3 years involved in investment. She possesses cross-market investment capabilities in both A-shares and H-shares, with a particular focus on the Hong Kong stock market.

She states that her core investment philosophy is heavily influenced by China Europe Fund’s “value-oriented” approach, which can be simply summarized as “diverse value, macro-driven.”

Over time, through long-term investment practice, she has developed three core research advantages that form a solid foundation for stable investing. First, her cross-market research experience in A+H shares deepens her understanding of Hong Kong stock pricing, liquidity, and valuation systems, aiming to achieve high success rates in low-error markets. Second, she employs a macro—meso—micro integrated research framework, looking beyond individual stock valuations to grasp macro trends, industry comparisons, and cyclical positions. Third, she always prioritizes risk-reward ratio, seeking steady and replicable returns rather than short-term extreme elasticity.

“Long-term investing is not passive holding but a firm belief after understanding the long-term logic. Only by truly understanding a company’s cash flow, competitiveness, and industry landscape can you hold on through volatility. Long-termism is fundamentally about being friends with time and with the trust of investors,” she said.

“Risk control in my portfolio is not a later step but embedded from the very beginning,” she explained. All asset allocation, stock selection, and position sizing revolve around achieving a ‘high Sharpe ratio’—the core is that every risk undertaken should aim for more certain excess returns, which is also an important aspect of rational investing.

In the face of market volatility, Fu Beijia states she habitually returns to three fundamental questions: Has the macro logic changed? Are the company fundamentals shaken? Is the risk-reward ratio still attractive? She also adjusts through exercise, reading, and in-depth team discussions, helping herself detach from short-term fluctuations and focus on the long-term perspective.

Looking ahead, with the domestic PPI turning point expected in 2026 and overseas re-industrialization likely accelerating, we continue to focus on non-ferrous metals and engineering machinery, while also optimistic about chemical and aerospace sectors benefiting from price increase expectations. For innovative assets, we favor electronic and power grid construction related to AI industry innovation.

For the future, Fu Beijia combines macro, meso, and micro variable analysis to clarify the year’s investment directions. She proposes a “certainty + innovation” polarized allocation strategy, aiming to seize three major opportunities: pro-cyclicality, industrial innovation, and global inflation, helping investors navigate market fluctuations.

Message:

In investment management, always prioritize performance that is predictable and explainable. Maintain honest communication with investors. Avoid blindly chasing short-term hot stocks and market trends; instead, focus on refining the investment portfolio to enhance stability and sustainability, continuously optimizing the investor experience.

At the same time, clearly articulate the investment logic: define asset allocation strategies, highlight key favorable sectors, and warn against risks, helping investors fully understand the investment approach. Through professional research and transparent communication, foster long-term trust, enabling investors to hold confidently and navigate market cycles with ease.

Text by Xu Nannan, Edited by Xu Nan

(Edited by Xu Nannan)

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