近三年FOF业绩红榜：国泰民安养老2040三年A回报超34% 兴全、易方达两只产品均涨超19%

Core Insights - In 2025, equity funds emerged as the market leaders, with Yongying Technology Smart Selection A achieving a remarkable annual increase of 233.29%, making it the top-performing active equity fund [1][7] - The total scale of the fund industry approached a new high of 36 trillion yuan, indicating a strong market presence [1][7] - The top-performing FOF (Fund of Funds) over the past three years was Guotai Min'an Pension 2040 Three-Year A, with a return of 34.33% [2][8] Performance Highlights - Yongying Technology Smart Selection A led the active equity funds with a 233.29% annual increase [1][7] - Guotai Fund's Communication ETF ranked first among stock ETFs with a 126.13% net value increase [1][7] - South Fund Changyuan Convertible Bond A achieved a 48.7% return, securing the top spot in the bond fund category [1][7] FOF Performance Rankings - Guotai Min'an Pension 2040 Three-Year A topped the three-year FOF performance with a return of 34.33% and a total return of 7.03% since its inception [2][3] - Penghua Pension 2045 Three-Year A followed closely with a return of 28.76% and a total return of 8.37% since inception [2][3] - Other notable performers included Guangfa Pension 2050 Five-Year A with a return of 22.13% [2][3] Underperforming Funds - The worst-performing fund was Huaxia Jufeng Stable Target A, with a three-year return of -8.60% and a total return of only 0.91% since inception [4][10] - Other underperformers included Huaxia Fuyuan Pension Target Date 2045 Three-Year A with -7.27% and Huaxia Pension 2055 Five-Year A with -2.51% [4][10] - Several funds from Huaxia and other institutions showed negative returns, indicating challenges in the market [4][10]