基金早班车丨2025年“翻倍基”达75只，硬科技主线成就主动权益高光

Market Overview - The Shanghai Composite Index closed above 4000 points, reaching a ten-year high, with A-share market capitalization surpassing 100 trillion yuan [1] - The structural bull market has led to a significant increase in active equity funds, with 75 products doubling their net value throughout the year, particularly in technology growth funds [1] - The market opened strong in 2026, with the Shanghai Composite Index gaining 1.38% to close at 4023.42 points, and over 4100 stocks rising, indicating broad market participation [1] Fund News - On January 5, 52 new funds were launched, primarily mixed and equity funds, with the Huashang Quality Selection Mixed Fund aiming to raise 8 billion yuan [2] - The ETF market has exceeded 6 trillion yuan, with the top five companies dominating the CSI A500 ETF, highlighting a significant concentration of assets [2] - The introduction of a long-term evaluation mechanism for the trillion-yuan pension fund is expected to reduce turnover rates and enhance the allocation of equity and alternative assets [2] Fund Performance - The 2025 public fund rankings revealed that Yongying Technology Selection achieved a record annual return of 233.29%, with 75 funds doubling their net value, primarily focusing on high-tech stocks [3] - Funds that invested in traditional sectors like finance and consumption faced significant losses, with performance gaps exceeding 250 percentage points [3] - The market style in 2026 is anticipated to become more balanced, with profit recovery being a core variable, emphasizing the importance of stock selection and industry allocation [3]