2022年来业绩“连红”的39只基金！年内最牛大赚75%+！

Core Viewpoint - The article discusses the performance of stock mutual funds in the A-share market from 2022 to 2025, highlighting the challenges of achieving consistent positive returns amid market fluctuations and the increasing difficulty of obtaining excess returns in recent years [3][6]. Group 1: Market Performance Overview - The A-share market has experienced significant volatility, with a deep adjustment in 2022, a structural market in 2023, and a recovery in 2024 [3]. - The leading sectors in terms of growth have varied by year, with coal in 2022, telecommunications in 2023, and banking and non-bank financials in 2024 [3]. Group 2: Fund Performance Analysis - From 2022 to 2025, the number of stock mutual funds achieving positive returns has increased significantly, from 132 in 2022 to 4624 in the first ten months of 2025, with positive return ratios of 2.79%, 11.41%, 65.47%, and 97.59% respectively [6][7]. - Only 39 out of 4737 stock mutual funds have achieved positive returns for four consecutive years from 2022 to 2025, representing a mere 0.82% [7][8]. Group 3: Top Performing Funds - The top three funds for the year 2025 (up to October) are: 1. Qianhai Kaiyuan Gold and Silver Jewelry Mixed A, managed by Wu Guoqing, with a return of 75.66% [12][13]. 2. Caitong New Vision Mixed A, managed by Shen Li, with a return of 68.43% [14][15]. 3. Invesco Great Wall Hong Kong and Shanghai Select A, managed by Zhang Zhongwei, with a return of 59.81% [15][16]. - The average returns for the 39 funds achieving consecutive positive returns from 2022 to 2025 are 7.96%, 8.14%, 11.74%, and 22.25% respectively [8]. Group 4: Fund Manager Insights - Fund managers have expressed cautious optimism regarding the economic outlook, with a focus on sectors such as AI, semiconductor domestic substitution, and consumer spending [15][16]. - The performance of the Qianhai Kaiyuan fund is attributed to its focus on the gold resource sector, which has benefited from rising gold prices due to geopolitical factors and economic conditions [14][13].