A股“924行情”一周年 多只绩优基金已越过山丘净值创新高

Core Insights - The A-share market has transitioned from a broad-based rally to a more differentiated structure, with a notable focus on technology stocks as the main driver of performance over the past year [2][3] Group 1: Market Performance - As of September 23, 2025, 773 funds have doubled their returns over the past year, with 13 actively managed equity funds achieving over 200% returns, highlighting the effectiveness of public fund investment strategies [1] - The Huian Growth Preferred Mixed Fund (005550) reported a return rate of 207.61% over the past year, reaching a net value of 2.3028 yuan, a record since its establishment in February 2018 [1] Group 2: Investment Logic Shift - The investment logic in the A-share market has shifted from a "broad rally" to a "technology-led rally," with technology growth sectors showing significant performance improvements [2] - The Huian Growth Preferred Mixed Fund has strategically increased its holdings in financial IT and semiconductors, and further invested in the domestic AI industry chain, reflecting a proactive approach to capitalize on the evolving market dynamics [2] Group 3: Policy and Technological Catalysts - The technology sector is expected to continue its upward trajectory due to a combination of favorable policies and technological advancements, with a focus on new energy and AI applications [3] - The current policy environment emphasizes "self-reliance in technology" and the development of "new quality productivity," with significant government support for sectors like AI, aerospace, and biomanufacturing [3] Group 4: Future Market Outlook - Liquidity is identified as a key driver of the current A-share market, with expectations of continued monetary easing to support economic growth [4] - The influx of capital into the market is expected to persist, driven by low interest rates and a shift of household savings into equity investments [4] - The technology sector is positioned to benefit from this liquidity, with a recommendation to focus on companies with strong core technologies and sustainable earnings [4]