首批主动权益基金三季报出炉

Core Insights - The macro environment is stabilizing, and structural market trends are expanding, leading to strong performance from leading fund managers' products [1] - The AI technology and recovery sectors are highlighted as key investment areas, with many funds reporting significant positive returns and growth in scale [1][4] Group 1: Fund Performance - The fund managed by Zhao Yi, Quan Guo Xu Yuan, achieved a year-to-date return of 35.59%, significantly outperforming the CSI 300 index and the average of equity mixed funds [1] - As of the end of Q3, the fund's management scale reached 19.069 billion yuan, an increase of 6.088 billion yuan from the end of Q2 [1] - The top ten holdings of the fund all recorded positive returns in Q3, with several stocks, including Ningde Times and Enjie Co., seeing gains exceeding 50% [2] Group 2: Market Outlook - Zhao Yi anticipates a stable upward trend in China's equity market, with improved liquidity expected from a potential turning point in US dollar liquidity [3] - The team expresses confidence in China's high-quality economic development, which is expected to maintain a long-term positive trajectory [3] Group 3: Technology Sector Insights - Multiple technology-themed funds reported impressive returns and scale growth in Q3, with notable performances from funds like Tongtai Digital Economy and Beixin Ruifeng Advantage Industry [4][5] - The focus on AI hardware and domestic chip production is expected to be a primary investment theme over the next 3-5 years, with a belief that "the future of technology lies in China" [5] - Fund managers are optimistic about the ongoing commercialization of domestic computing chips and AI edge chips, anticipating significant market opportunities [5]