我的基金回本了

Core Viewpoint - The article discusses the recent recovery of public funds in China, highlighting the significant increase in fund performance and the shift of investor sentiment towards equity markets as a result of favorable market conditions [4][5][6]. Fund Performance - As of July, the net asset value of public funds reached 35.08 trillion yuan, an increase of 2.25 trillion yuan from the previous year [5]. - This year, 98% of funds have made profits, with only 137 out of 7,451 stock funds reporting losses, which is less than 2% [6]. - A total of 2,582 funds have achieved returns exceeding 30%, accounting for 35% of the total [6]. Sector Analysis - The coal and energy sectors have recorded losses this year, while sectors such as innovative pharmaceuticals, telecommunications, non-ferrous metals, and information technology have significantly outperformed the market, with returns exceeding 40% [7]. - The best-performing funds this year are primarily focused on the pharmaceutical sector, with several funds achieving returns over 100% [7]. Historical Context - The article notes that many investors who entered the market during the 2020-2021 fund boom are now seeing their investments recover after a challenging period from 2022 to mid-2024, where many funds experienced losses [8][9]. - The previous fund boom saw over 5 trillion yuan in new fund issuance, but the market faced turbulence starting in 2022, leading to significant losses in the following years [8][9]. Star Fund Managers - Star fund managers like Zhang Kun and Guo Lan have seen their funds struggle in the current market, particularly in the pharmaceutical sector, which has faced downturns [10][11]. - Despite recent recoveries, some funds managed by these star managers still show significant losses over the past three years [11][12]. Investor Behavior - Many investors are now questioning whether to cash out after recovering their investments, leading to a paradox where fund companies may earn more management fees when funds are losing money [17]. - The trend of "money moving" from bank deposits to public funds is beginning, driven by declining deposit rates and a recovering stock market [18][20]. Market Outlook - Analysts predict that the issuance of new funds will increase in the second half of the year, potentially enhancing market activity [19]. - The current market is characterized by structural trends rather than broad policy-driven rallies, with a shift in investor focus towards high-risk, high-reward sectors like technology and artificial intelligence [20].