沪指十年新高，易方达等老牌权益大厂再现基金持久投资力

Market Overview - The market has shown a strong upward trend since the "9·24" rally last year, with the CSI 300 index surpassing the previous high of 4600 points and the Shanghai Composite Index reaching a nearly ten-year high of 3732 points on August 18 [1] - The ChiNext index has experienced a robust surge, with an annual increase of nearly 50% in the second half of this year [1] Fund Performance - Active equity funds have demonstrated significant excess return capabilities, with nearly 3000 out of approximately 4300 funds achieving over 20% returns year-to-date as of September 26 [2] - Over 700 funds have reported returns exceeding 50%, and 125 funds have seen returns above 80%, with a notable concentration from 51 fund companies [2] - A long-term performance analysis shows that nearly 250 funds have doubled their performance over the past year, with several companies like Caitong, E Fund, and others leading in the number of "doubling funds" [2][3] Investment Strategies - Top-performing funds have capitalized on favorable sectors such as technology, pharmaceuticals, and new consumption in Hong Kong, showcasing strong stock selection and market timing abilities [2] - E Fund has been particularly successful, with multiple funds focusing on technology themes and demonstrating significant excess returns [2][3] Research and Management Structure - E Fund's investment philosophy emphasizes deep research and value discovery, which has been integral to its success over the past two decades [4] - The company employs a "big platform + small team" management model, allowing for resource sharing while maintaining independent investment strategies [5] - The research team has expanded its coverage to include various sectors and global markets, ensuring comprehensive analysis and timely insights [6] Technological Integration - E Fund has enhanced its process management through digitalization, integrating workflows and data to support scientific management practices [7] - The company has developed an intelligent research and investment platform that facilitates a closed-loop process across research, investment, trading, and risk management [7] Team Culture and Development - E Fund promotes a collaborative team culture that encourages knowledge sharing and interaction among investment teams [8] - The firm has established a robust talent development system, ensuring a continuous influx of skilled professionals while maintaining a stable core team [8][9] Notable Fund Managers - Several fund managers have achieved remarkable performance, with some funds nearing a doubling of returns year-to-date [10][11] - Managers like Wu Yang and Yang Zhengxiao have demonstrated strong capabilities in navigating market trends and achieving high returns in their respective sectors [11][12] Long-Term Performance - E Fund has produced multiple "double ten" fund managers, indicating a strong track record of over ten years of management with annualized returns exceeding 10% [13][14] - The company's long-term investment management capabilities are underscored by the consistent performance of its funds, reflecting a commitment to sustainable growth [16]