2019年来连年正收益基金经理不足20%！冠军收益超460%！刘元海重仓AI夺近3年第1

Core Insights - The sustainability of fund managers' performance is a crucial measure of their investment capability, risk management, and effectiveness of their investment systems [3] - In the past seven years, the A-share market has undergone significant changes, with a notable shift towards small-cap stocks and a focus on technology and dividend sectors [3] - As of 2023, 34.93% of fund managers have achieved positive returns for consecutive years from 2023 to 2025, with a threshold of 76.6% for the top 20 fund managers [3][5] Group 1: Fund Manager Performance - Liu Yuanhai from Dongwu Fund ranks first with a cumulative return of 164.97% from 2023 to 2025, maintaining a stable performance above 30% in 2023 [8] - The top five fund managers by cumulative returns from 2023 to 2025 include Liu Yuanhai, Gong Zheng from Zhongyou Fund, Di Xinghua from Guohai Franklin Fund, Wang Haichang from Nuoan Fund, and Lei Tao from Debang Fund [4][5] - The performance of fund managers is evaluated based on their ability to generate absolute returns, especially during bear or volatile markets [3] Group 2: Fund Manager Rankings - The top 20 fund managers from 2021 to 2025 show that 22.18% of the 2123 fund managers have achieved consecutive positive returns, with a threshold of 29.6% for the top performers [9][10] - The top five fund managers from 2021 to 2025 are Miao Weibin from Jinyuan Shun'an Fund, Gu Fanding from CITIC Prudential Fund, Zhou Jing from Huabao Fund, Song Qing from Nuoan Fund, and Zhang Qisi from Southern Fund [9][10] - Miao Weibin achieved a cumulative return of 461.69% from 2019 to 2025, leading the rankings with a management scale of approximately 1.35 billion [20] Group 3: Investment Strategies - Liu Yuanhai specializes in technology investments, particularly in AI, semiconductors, and computer sectors, maintaining over 90% stock positions in his managed funds [8] - Miao Weibin employs a "macro-driven + asset rotation" strategy, focusing on undervalued stocks with improving fundamentals [20] - Zhou Jing, with a management scale of approximately 19 billion, has a diverse portfolio including major tech companies like Xiaomi, Tencent, and Alibaba [13]