押对科技风口，2025年冠军基金一年狂赚233%

Group 1 - The average return of actively managed equity funds in the market exceeded 30% in 2025, with nearly 80% outperforming their benchmarks, indicating a widespread profit effect [1][6] - The top-performing fund, Yongying Technology Smart A, achieved a record return of 233.29%, breaking an 18-year record previously held by Huaxia Fund's manager Wang Yawei [1][2] - The fund's significant performance was attributed to concentrated investments in key stocks within the optical module and PCB sectors, with its top three holdings accounting for over 28% of its net value [3][4] Group 2 - Yongying Technology Smart A's management scale skyrocketed from 0.26 billion yuan at the end of 2024 to 11.52 billion yuan by the end of Q3 2025, marking a 441-fold increase [5] - Other funds under Yongying Fund also performed well, with mixed funds like Yongying Ruiheng A and Yongying Rong'an A exceeding 100% returns in 2025 [5][6] - The overall management scale of Yongying Fund reached a historical high of 629.2 billion yuan in 2025, up over 100 billion yuan from the end of 2024 [5] Group 3 - The performance of equity funds in 2025 was largely driven by technology sectors, with many top-performing funds heavily invested in technology stocks such as optical modules, PCBs, and cloud computing [6][9] - Conversely, consumer sectors, particularly the liquor industry, faced challenges due to weak demand and declining profit growth, leading to negative returns for funds heavily invested in these areas [7][8] - The performance of the liquor sector was notably poor, with leading companies like Kweichow Moutai experiencing significant price drops and reduced profit growth, resulting in losses for funds focused on this sector [8]