多重利好共振驱动！年内多只北交所主题基金业绩表现亮眼

Group 1 - The Beijing Stock Exchange (BSE) has become a focal point in the capital market in 2025, driven by policy support and influx of funds, with the BSE 50 Index reaching a historical high of 1500.31 points on May 21 [1] - As of May 21, the average annual return of 36 BSE funds reached 38.05%, with 31 funds achieving historical net asset value highs, led by Huaxia BSE Innovation Small and Medium Enterprises Fund with an 80.79% annual return [3] - The strong performance of BSE funds is attributed to multiple favorable factors, including optimized institutional design, lower listing thresholds for companies, and solid financial performance, with 165 out of 265 listed companies reporting revenue growth in Q1 2025 [3] Group 2 - Despite the overall strong performance of BSE thematic funds, some products have underperformed their benchmarks, such as the Guotai BSE 50 Index Fund, which exceeded 20% annual return but lagged behind its benchmark by 12 percentage points [4] - BSE thematic funds are primarily divided into actively managed products and passive index funds, with tracking errors often amplified due to factors like construction pace and component stock adjustments [4] - Some actively managed funds have shown significant strategy deviations, with certain funds exceeding benchmark returns by over 40%, while others have underperformed [4]