Core Insights - The performance of two funds under Tongtai Fund, focusing on single sectors, has diverged significantly, with the Tongtai Industrial Upgrade Mixed Fund achieving a 146.13% return over the past year, while the Tongtai Huize Mixed Fund, focused on the pet economy, struggles with a net asset value below 50 million yuan for 60 consecutive working days [2][6]. Group 1: Fund Performance - The Tongtai Industrial Upgrade Mixed Fund experienced a dramatic turnaround after a significant redemption in Q1 2025, where it dropped to a rare "ten-thousand yuan fund" status but rebounded with a 103.69% net value increase in the same quarter [3][5]. - In Q3 2025, the fund's net value rose by 30.65%, and its scale increased to 178 million yuan, marking a recovery from near liquidation [5]. - The fund's top ten holdings are highly concentrated, accounting for 55.41% of its net asset value, primarily in the smart technology sector, with significant investments in companies like Dongjie Intelligent and Horizon Robotics [5]. Group 2: Investment Strategy and Risks - The Tongtai Fund emphasizes a focused investment strategy, believing that concentrating on specific sectors allows for deeper research and potentially higher returns, despite the associated risks of volatility and performance dependency on industry conditions [8]. - The Tongtai Huize Mixed Fund, on the other hand, has faced challenges due to its heavy investment in the pet economy, with a cumulative decline of 30.74% since inception and a net asset value of only 10 million yuan as of September 30, 2025 [6][7]. - The fund manager acknowledges the concentrated investment strategy but highlights the long-term growth potential of the pet economy, which is projected to reach 1.15 trillion yuan by 2028 [7].
押注单一赛道，同泰基金产品“冰火两重天”：一只“起死回生”，另一只沦为迷你基
Hua Xia Shi Bao·2025-10-23 09:31