Core Viewpoint - A significant number of active equity funds are experiencing a performance turnaround, with over 180 funds reaching new historical net asset value highs as of June 25, driven by market uptrends and favorable external factors [1][2]. Group 1: Performance of Active Equity Funds - Over 180 active equity funds have achieved historical net asset value highs, with more than half of these funds established for over a year, and some for nearly 14 years [1][2]. - The fund with the highest increase is Jin Yuan Shun An Yuan Qi, which has risen over 450% since its inception in November 2017, primarily investing in small-cap stocks [2][3]. - Other notable funds include Guangfa Multi-Factor and Dacheng Jingheng, with increases of over 340% and nearly 300% respectively, focusing on quantitative investment strategies [2][3]. Group 2: Market Trends and Investment Strategies - Approximately 80% of active equity funds have seen positive performance this year, with around 1,100 funds increasing by over 10%, particularly those focused on Hong Kong stocks, pharmaceuticals, and technology [3][4]. - The highest-performing fund this year is Huatai-PB Hong Kong Advantage Selection, which has increased by over 90%, primarily investing in the Hong Kong pharmaceutical sector [4]. - Three main investment directions have gained consensus among institutions: innovative pharmaceuticals, technology, and dividend stocks, with a preference for a "barbell" strategy that balances aggressive and defensive investments [4][5]. Group 3: Future Outlook and Recommendations - Fund managers suggest focusing on high-potential international pharmaceutical companies and stable dividend assets, especially in a declining interest rate environment [5][6]. - The AI sector is highlighted as a key area for investment, with significant growth in AI applications and user engagement noted [6][7]. - Overall, there is optimism for the A-share market, with recommendations to prioritize stable dividend returns and sectors with strong industrial and policy catalysts [7].
超百只主动权益基金净值创新高
Zhong Guo Zheng Quan Bao·2025-06-26 21:25