2025公募业绩放榜！233%冠军基创造历史，主动权益包揽前十，中小基金公司崛起

Core Insights - The public fund industry achieved a record-breaking annual return in 2025, with Yongying Technology Smart Selection leading at 233.29%, surpassing the previous record held by Wang Yawei for 18 years [1][6] - The A-share market saw significant growth, with major indices rising, including the Shanghai Composite Index up 18.41% and the ChiNext Index nearly 50% [1][3] - A total of 90 funds exceeded a 100% return in 2025, indicating a highly competitive environment for fund performance [2][9] Fund Performance - Yongying Technology Smart Selection, managed by Ren Jie, secured the top position with a return of 233.29%, followed by China Aviation Opportunity Navigation at 168.92% [3][4] - The top ten funds were all actively managed equity funds, showcasing the effectiveness of active management in a volatile market [3][5] - The third place was taken by Hongtu Innovation Emerging Industry with a return of 148.64%, while several other funds also reported returns exceeding 140% [4][5] Market Trends - The year 2025 marked a significant increase in the number of "doubling funds," with 75 actively managed equity funds achieving over 100% returns [2][9] - The market saw a diverse range of sectors performing well, including robotics, innovative pharmaceuticals, and hard technology sectors like CPO and semiconductors [1][3] - The trend of high returns was not limited to large fund companies; smaller firms also made significant contributions to the top rankings [5] Fund Characteristics - Yongying Technology Smart Selection's success was attributed to its concentrated holdings in high-performing sectors, particularly in computing power [8] - The fund's top ten holdings accounted for 73.25% of its net value, with substantial gains in its major stocks during the fourth quarter [8] - The competitive landscape for funds in 2025 emphasized the importance of active management and strategic sector allocation [3][5]