基金市场周报：通信板块表现较优，主动投资股票基金平均收益相对领先-20250721

Report Summary 1. Market Performance Overview - During the period from July 14 - 18, 2025, the Shanghai Composite Index rose by 0.69%, and the Shenzhen Component Index rose by 2.04%. Most Shenwan primary industries saw gains, with the communication and pharmaceutical biology sectors performing well. Overseas equity market indices mostly declined, and the international gold price dropped. All types of funds increased this period [2]. 2. Equity - related Funds 2.1 Industry Performance - In the equity market, the communication and pharmaceutical biology sectors of Shenwan primary industries performed well this period. In the past 12 periods, the comprehensive and communication sectors showed better overall performance [8]. 2.2 Fund Performance - Active - investment stock funds rose by 3.29% compared to the previous period, and active - investment hybrid funds rose by 2.76%. Funds heavily invested in sectors like pharmaceutical biology performed well. Representative high - return active - investment stock funds this period included JingShun Great Wall Medical Industry Stock A (17.61%), and high - return funds this year included HuaAn Pharmaceutical Biology Stock Initiation A (98.31%). Similar high - return data were also presented for index stock funds and active - investment hybrid funds [2][13][14]. 3. Fixed - income Funds 3.1 Bond Market Index Performance - This period, bond market representative indices all rose. The ChinaBond Aggregate Index, ChinaBond Corporate Bond Index, and ChinaBond Treasury Bond Index rose by 0.11%, 0.09%, and 0.04% respectively, and the ChinaBond Convertible Bond Index rose by 0.67% [16]. 3.2 Fund Category Performance - Convertible bond funds led in returns this period, rising by 1.09%. Ordinary bond funds rose by 0.27%, long - term pure - bond funds by 0.07%, medium - and short - term pure - bond funds by 0.05%, and short - term pure - bond funds by 0.04%. In terms of this year's comprehensive returns, convertible bond funds had an average return of 9.84%, performing better [16]. 4. QDII Funds 4.1 Fund Category Performance - Most types of QDII funds rose this period. Equity funds - Greater China QDII funds led with a 4.17% increase. Looking at the whole year, equity funds - Greater China QDII funds had a significant increase of 30.44%. Some categories like bond - type QDII funds and certain alternative - asset QDII funds declined [18]. 4.2 Representative Fund Performance - Representative high - return QDII funds this period included HuTianFu Hong Kong Advantage Selection A (15.89%), and high - return funds this year included HuTianFu Hong Kong Advantage Selection A (133.72%) [20].