【公募基金】成长风格行情扩散，中小盘基金业绩突出——主动权益基金策略双周报20241028

Investment Highlights - A-shares have shown upward movement after a period of sideways trading, driven by improved industry competition expectations and changes in U.S. policies towards China, particularly in the electric equipment and new energy sectors, which have seen significant gains. Defensive sectors like banks and non-bank financials have collectively retreated [1] - Following a substantial rise in the semiconductor sector, the market has opted for structural rotation based on third-quarter performance, with consumer-related sectors generally underperforming, indicating an internal rotation within growth styles [1] - Notable active equity funds in the past two weeks include semiconductor-themed funds that have outperformed, and some right-side fund managers have made significant adjustments, leading to noticeable performance recovery during rapid market increases [1] Fund Management Changes - A total of 25 active equity funds have experienced management changes in the past two weeks, with key highlights including increased management scale by fund managers Li Wenhai and Li Jin from Rongtong, and the addition of a new fund manager to a product managed by Qiu Jingmin from GF [2]