209只“翻倍”，这类产品“满血复活”

Core Viewpoint - Since the "9·24" market rally last year, both A-shares and Hong Kong stocks have continued to rise, with significant improvements in market sentiment [1][2]. Group 1: Market Performance - Since July this year, the market has shown stronger bullish trends, with the Hang Seng Index surpassing 25,000 points and the Shanghai Composite Index breaking through key levels of 3,600 and 3,700 points [2]. - As of August 18, 209 public funds have doubled their net asset value since the "9·24" rally, with 155 of these being active equity funds, significantly outperforming index funds [4][2]. - The best-performing active equity fund has outperformed the highest-gaining index fund by over 90 percentage points, while the top active fund from the Beijing Stock Exchange has a performance gap of nearly 150 percentage points compared to the corresponding index fund [2][13]. Group 2: Fund Performance - The average return of active equity funds is now comparable to that of index funds, indicating a resurgence in their performance [3][15]. - Among the 124 funds that have doubled, 11 are themed funds from the Beijing Stock Exchange, which have dominated the performance rankings [6][5]. - The Beijing Stock Exchange's representative index, the North China 50, has seen a cumulative increase of over 162% since September last year, driving strong performance in related themed funds [7]. Group 3: Sector Trends - Various sectors such as dividends, artificial intelligence, banking, and innovative pharmaceuticals have shown active performance, with funds focused on these areas yielding substantial profits [7]. - Specific funds like Yongying Advanced Manufacturing and Debang Xinxing Value have reported net asset value increases exceeding 170%, while several others have surpassed 150% [7]. Group 4: Comparison with Passive Funds - In contrast to the active funds, only 54 stock index funds (including QDII funds) have doubled their returns since the "9·24" rally, indicating that the number of doubling passive funds is significantly lower than that of active funds [13]. - The performance of passive index funds has not matched that of active equity funds, highlighting a shift in investor preference back towards active management as market conditions improve [15][16].