上百只，创新高

Core Insights - Over 100 active equity funds have reached historical net value highs, with 93 funds showing over 50% growth in the past year, indicating a positive outlook for the A-share market despite existing uncertainties [1][2]. Fund Performance - As of June 23, 106 active equity funds have achieved net value highs since inception, with 91 funds gaining over 30% this year, 24 funds over 50%, and 10 funds over 60%, showcasing strong excess return capabilities [2]. - In the past year, 10 funds have doubled their net value, and 23 funds have increased by over 70%, with 93 funds exceeding 50% growth [2]. - Notable funds include those focused on popular sectors such as the Beijing Stock Exchange, pharmaceuticals, and dividend funds, as well as newer funds that have managed to minimize net value declines during market adjustments [2][4]. Specific Fund Highlights - Funds like Penghua Hongtai A, ICBC Financial Real Estate A, and Jinxin Intelligent China 2025 A have also reached historical net value highs, with respective cumulative net values of 6.08 yuan, 3.97 yuan, and 2.4857 yuan as of June 23 [5][6]. - Penghua Hongtai A has a year-to-date growth of 1.02%, while ICBC Financial Real Estate A has seen a 32.82% increase over the past year [6]. Market Outlook - The market is entering a phase of increased risk appetite due to reduced tariff concerns and easing geopolitical tensions, with a positive long-term narrative for A-shares supported by policy benefits and ample liquidity [7]. - The technology sector, particularly the AI industry, is expected to show significant growth potential, with upcoming mid-year performance forecasts likely to provide further market insights [7]. - Three favorable factors for the market include breakthroughs in AI, military, and innovative pharmaceuticals, a declining dollar benefiting RMB assets, and attractive market valuations compared to bond yields [7].