前海开源人工智能年内逆势下跌 4个季度目前3个季度跌

Core Insights - Since 2025, the AI sector has emerged as a significant winner, with many AI-themed actively managed equity funds seeing gains exceeding 50%, while several tech-themed funds heavily invested in AI stocks have doubled their returns [1] - However, the Qianhai Kaiyuan AI Theme Mixed Fund has experienced a decline, with a return of -4.42% for its A share and -9.55% for its C share since their respective inception dates [1] Fund Performance Summary - The Qianhai Kaiyuan AI Theme Mixed Fund A has shown a year-to-date return of -4.42%, while its C share has returned -9.55% since its inception on January 20, 2025 [2] - In comparison, the average return of similar funds is 24.96% year-to-date, indicating a significant underperformance [2] Quarterly Performance Analysis - The fund's quarterly performance shows a stark contrast, with a 39.01% gain in Q3 2025, but declines of -18.20% and -2.90% in Q2 and Q1 respectively [5] - The fund's high turnover rate of 420.79% in the first half of 2025 suggests that it has not effectively captured the leading stocks in the AI sector [5] Management and Historical Performance - The fund was co-managed by Qu Yang and Wei Chun from March 16, 2021, to June 2, 2025, during which it recorded a return of -41.32% [8] - Wei Chun has been managing the fund alone since June 3, 2025, and while there has been some recovery, the fund has not yet reversed its year-to-date decline [8]