绩优基金，出手了

Core Viewpoint - A number of high-performing actively managed equity funds have initiated large purchase restrictions, with limits ranging from 10,000 to 1 million yuan, to maintain fund stability and protect the interests of existing investors amid a volatile market environment [1][2][7]. Fund Performance - In the first five months of this year, actively managed equity funds have shown positive performance, with average returns of 3.43% for ordinary stock funds, 3.21% for mixed equity funds, and 1.22% for flexible allocation funds. Balanced mixed funds had a slight decline of -0.08%, but still outperformed the three major indices [2]. - Specifically, 77 actively managed equity funds achieved returns exceeding 30%, with 18 funds surpassing 50% [2]. - Notable funds like Nuon Multi-Strategy Mixed Fund reported a cumulative net value increase of 32.12% this year and a one-year return of 83.45%, ranking in the top 1% of its category [2][4]. Purchase Restrictions - Several funds, including Nuon Multi-Strategy Mixed Fund and Guolian State-Owned Enterprise Reform Flexible Allocation Mixed Fund, have announced large purchase restrictions effective June 4, with limits set at 1 million yuan [2][5]. - Other funds such as GF Value Core Mixed and GF Technology Innovation Mixed have also suspended large purchases, with limits of 10,000 yuan, while Xingzheng Global Dividend Mixed Fund has set a limit of 300,000 yuan [5][6]. Market Conditions - The current market is characterized by volatility and a lack of clear trends, prompting funds to limit new investments to protect existing shareholders from potential dilution of returns [7][8]. - Industry experts note that the rapid rotation in the market has led to a chaotic environment, with investors exhibiting heavy caution and reduced trading volumes [8]. - The outlook suggests that while short-term volatility is expected, there may be a gradual focus on market leaders as confidence in the Chinese economy and stock market improves [8].