主动偏股基金实现逆袭 250只产品率先走出“黄金坑”

Core Viewpoint - The A-share market has shown resilience and recovery following the "black swan" event triggered by the US's imposition of high tariffs, with many actively managed equity funds capitalizing on this opportunity to achieve new highs in net value [1][2]. Fund Performance - As of April 25, 250 actively managed equity funds have rebounded from the "golden pit" created by the tariff event, reaching new highs in net value for the year [1][2]. - Notably, the Huatai-PineBridge Hong Kong Advantage Select A fund has achieved a remarkable 64.44% increase year-to-date, primarily investing in innovative pharmaceutical companies listed in Hong Kong [2][3]. - Several funds focused on the pharmaceutical sector, such as Changcheng Pharmaceutical Industry Select A and Yongying Pharmaceutical Innovation Select A, have also reported year-to-date returns exceeding 40%, with a strong emphasis on innovative drug stocks [3]. Investment Focus - The majority of the funds that have performed well are heavily invested in the pharmaceutical sector, particularly in innovative drugs and companies listed on the Beijing Stock Exchange [2][3]. - The Jin Yuan Shun An Yuan Qi fund has seen a staggering 396.6% increase since its inception, with a diversified investment strategy that limits exposure to any single stock [4]. - The Guotai Consumer Select fund has also performed well, focusing on high-quality companies in the consumer sector, including mid-to-high-end liquor and home appliances [4][5]. Market Outlook - Fund companies suggest a focus on domestic demand in the short term, while long-term investments should consider technology sectors, particularly those related to AI [6][7]. - The BoShi Fund emphasizes three main investment themes: defensive strategies during market volatility, opportunities in emerging industries driven by technological advancements, and sectors benefiting from domestic demand policies [6]. - Huabao Fund highlights the importance of sectors supported by domestic demand and policy expectations, including financials, real estate, and new consumer trends [7].