Core Insights - Despite recent fluctuations in the A-share market, many private equity funds have reported positive returns in November, significantly outperforming major indices year-to-date [1][2] - Quantitative private equity funds have shown particularly strong performance, with strategies focused on small and mid-cap stocks leading the way [1][4] Performance Overview - As of November 2025, 73 billion private equity funds reported an overall decline of 0.27%, with 42 funds achieving positive returns, representing 57.53% [2] - Year-to-date, billion private equity funds have achieved an overall return of 29.44%, with 71 funds (97.26%) reporting positive returns; 33 funds are in the 20% to 39.99% range, and 19 funds exceeded 40% [2] - Quantitative funds have an average return of 33.28% year-to-date, while subjective funds average 24.05% [2] Strategy Insights - The most successful strategies this year have been those focused on small and mid-cap indices, with 30 out of 57 products in the CSI 1000 index exceeding 50% returns, and 9 out of 11 products in the CSI 2000 index exceeding 60% [4] - Only 5 out of 45 billion quantitative private equity funds reported returns below 20%, while 14 funds exceeded 40% [4] Market Outlook - Several billion private equity firms maintain a positive long-term outlook for the A-share market, citing a confirmed profit bottom in Q3 and an end to three consecutive years of profit decline [6] - The appreciation of the RMB against the USD and improvements in the domestic real estate market are seen as factors that could enhance the valuation of Chinese assets [6] - The market is expected to transition from a single growth focus to a more balanced approach, with institutions concentrating on high-growth sectors for future momentum [6]
年内私募业绩大丰收 中小市值策略火爆
Zheng Quan Shi Bao·2025-12-12 00:17