今年冠军基，打破18年纪录

Core Viewpoint - The 2025 public fund champion is expected to be Yongying Technology Select, managed by Ren Jie, with a return rate of 240.56%, significantly ahead of the second-place fund by 63 percentage points [2][4][7]. Fund Performance - As of December 29, 2025, the top-performing fund, Yongying Technology Select, has a return rate of 240.56%, while the second-place fund, AVIC Opportunity Navigator, has a return rate of 177.15% [8]. - A total of 91 funds have achieved a return rate of over 100% this year, indicating a highly competitive environment for fund performance [6]. Historical Context - The last 18 years have seen no one break the record set by Wang Yawei in 2007, when his fund achieved a return of 226.24% [3][12]. - The emergence of Yongying Technology Select marks the first instance of a "double fund" in the A-share market in 18 years [7]. Fund Manager Profile - Ren Jie, the fund manager of Yongying Technology Select, has a background in finance and has been with Yongying Fund since 2018. He has gained recognition for his performance this year [9][11]. - The fund has seen significant inflows, with over 10 billion yuan raised in just one quarter, reflecting strong market interest [9]. Market Trends - The A-share market has experienced a structural bull market, with the Shanghai Composite Index rising over 19% this year, driven by sectors such as humanoid robots and innovative pharmaceuticals [5]. - The competition among funds has intensified, with many funds achieving high returns, but the focus remains on long-term investment strategies rather than short-term gains [10][18].