上半年主动权益基金近八成飘红，北交所与医药主题霸榜

Group 1 - The A-share market has shown significant structural characteristics in the first half of the year, with themes like humanoid robots, innovative drugs, and new consumption performing well, impacting public fund performance [1][3] - Nearly 80% of active equity funds achieved positive returns in the first half of the year, a significant improvement compared to less than one-third in the same period last year [3][5] - The top-performing fund, CITIC Securities North Exchange Selected Two-Year Open A, achieved a year-to-date return of 81.59%, leading the rankings by over 8 percentage points [1][4] Group 2 - The market is expected to continue showing structural characteristics in the second half, with a focus on identifying structural opportunities [1][6] - Equity assets remain more attractive than bond assets, suggesting investors should focus on equity products based on their risk tolerance [2][6] - The healthcare sector has dominated the top-performing funds, with 15 out of the top 20 funds heavily invested in this theme [5][8] Group 3 - The A-share indices collectively rose, with the Shanghai Composite Index showing a year-to-date return of 2.76% [3] - The DeepSeek Index and North Exchange 50 Index had notable gains of 42.51% and 39.45%, respectively, while sectors like coal and liquor continued to decline [3][4] - The market's resilience is attributed to improved investor confidence in Chinese assets, despite a complex external environment [6][7] Group 4 - Investment opportunities in the second half are expected to focus on technology, new consumption, stable dividends, and central government leverage [7][8] - The healthcare sector is viewed more optimistically compared to last year, with a focus on companies with competitive advantages and high growth [8] - Potential positive changes in various industries may arise from "anti-involution" measures being implemented [8]