Core Viewpoint - The article emphasizes the importance of creating a fund manager ranking list that not only reflects past performance but also provides guidance for future investment opportunities, aiming to identify managers who can outperform the market [1][11]. Group 1: Purpose of the Ranking List - The increasing number of funds (over 20,000) has made it difficult for investors to select the right ones, and many existing rankings do not provide future performance guidance [2][3]. - Many funds have managers whose performance may not be sustainable due to factors like increased fund size, managerial distractions, or even departures [3][7]. - The article argues that simply selecting past winners does not guarantee future success, and a more systematic approach is needed to identify potential outperformers [9][11]. Group 2: Methodology for Identifying Future Alpha - The methodology consists of four steps: scientific classification, establishing a fund pool, quantitative validation, and qualitative assessment [12][13]. - The first step involves categorizing funds into distinct styles to allow for meaningful comparisons, using a proprietary classification system that includes eight styles and four industries [14][15]. - The second step involves populating these categories with researched fund managers, ensuring a comprehensive pool for analysis [19][20]. - The third step focuses on quantitative metrics to filter out underperformers, while the fourth step involves qualitative assessments to finalize the rankings [23][24]. Group 3: Performance Verification - The performance of the funds listed in the rankings is evaluated against market indices, with the rankings showing a consistent ability to outperform benchmarks over time [26][28]. - From 2022 to 2024, the funds in the equity ranking outperformed the Wind Mixed Equity Index by 9.31% cumulatively [28]. - The rankings also demonstrated that selected funds maintained their performance over multiple years, indicating their sustainability [31]. Group 4: Recognition of Potential Managers - The rankings have successfully identified lesser-known but capable fund managers, leading to significant growth in their fund sizes post-inclusion in the rankings [35][38]. - For instance, a manager from Huazhong Fund saw a size increase of 56.9 billion after being included in the rankings, highlighting the recognition and validation from the market [36][39]. Group 5: Continuous Recognition - The rankings have received consistent support from investors and industry peers over the past five years, reinforcing the value of the lists [42]. - A list of fund managers who have been recognized for five consecutive years is provided, showcasing their sustained performance [44].

图片由Al辅助生成 立即享656元个人菲老金礼包 RANGE FOR STATE FOR a I I I 您的养老,准备好了吗? 手头的积蓄,能否陪您走得更远? 退休后的生活,能否延续如今的从容? 未来医疗、照护、日常开销 …… 是否都在计划之内? 养老是一场跨度数十年的长线筹备 越早开始,越能为未来多存一份底气 开立并缴存个人养老金 边省税、边投资、边领好礼 让养老规划从容启程 22 HEF 个人养老金是国家养老体系的"第三支柱" 在社保之外,为您增加一份 巨主储备、税优支持、专业打理的养老安排 最高享380元奖励 下即前往 DE 317 ERCE FF the R R 041 缴有有礼 首次缴存 最高享 88元 奖励 个人养老金账户 定即前往 NMI DEU 当年缴存金额 首次达500元 to 元奖励 最高享7 立即前往 当年缴存金额 首次达10000元 个说 沉長 每年缴存12000元 最高可享5400元税优 套款专用 资金锁定至退休,帮您 存得住、留得下 产品专属 可投资专属养老产品 封闭运作,适合长期积累 建信优享进取养老目标五年 去看看 持有混合发起(FOF)Y 基金代码:020188 【建行代销 ...

从基金十大重仓股角度 数据显示，建信基金旗下1只基金重仓斯瑞新材。建信上证科创板200ETF（589820）四季度持有股数 16.19万股，占基金净值比例为1.37%，位居第五大重仓股。根据测算，今日浮盈赚取约34.64万元。 2月27日，斯瑞新材涨5.09%，截至发稿，报44.17元/股，成交5.80亿元，换手率1.84%，总市值342.52亿 元。 资料显示，陕西斯瑞新材料股份有限公司位于陕西省西安市高新区丈八七路12号，成立日期1995年7月 11日，上市日期2022年3月16日，公司主营业务涉及高强高导铜合金材料及制品、中高压电接触材料及 制品、高性能金属铬粉、CT和DR球管零组件、新一代铜铁合金材料等。主营业务收入构成为：高强高 导铜合金材料及制品46.51%，中高压电接触材料及制品22.90%，主营其他14.09%，其他(补充)6.12%， 医疗影像零组件5.31%，高性能金属铬粉5.08%。 截至发稿，龚佳佳累计任职时间7年8天，现任基金资产总规模18.67亿元，任职期间最佳基金回报 44.21%， 任职期间最差基金回报-55.26%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发 ...

2月27日，新金路涨5.28%，截至发稿，报19.53元/股，成交3.58亿元，换手率3.10%，总市值126.66亿 元。 责任编辑：小浪快报 从基金十大重仓股角度 建信新材料精选股票发起A（018194）基金经理为田元泉。 截至发稿，田元泉累计任职时间5年257天，现任基金资产总规模52.1亿元，任职期间最佳基金回报 111.5%， 任职期间最差基金回报-15.47%。 资料显示，四川新金路集团股份有限公司位于四川省德阳市泰山南路二段733号银鑫·五洲广场一期21栋 22-23层，成立日期1992年4月18日，上市日期1993年5月7日，公司主营业务涉及氯碱化工、塑料制品的 生产与经营等业务。主营业务收入构成为：树脂产品41.61%，碱产品38.43%，其他19.97%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 数据显示，建信基金旗下1只基金重仓新金路。建信新材料精选股票发起A（018194）四季度持有股数 65.49万 ...

Report Summary 1. Investment Rating The document does not mention the investment rating of the industry. 2. Core Views The report reviews the fund market in 2025, including the overall situation of the public - offering fund industry, the development of various sub - categories of public - offering funds, and the situation of private - offering securities investment funds. It also provides a market outlook for 2026 and selects several types of funds for attention. In 2025, the public - offering fund market achieved significant positive returns, and the private - offering securities investment fund market expanded in scale. In 2026, with the resonance of China's and the US policies, the A - share market is expected to shift from liquidity - driven to profit - driven, and attention should be paid to specific investment directions and the rhythm of the fixed - income market [2][9]. 3. Summary by Directory 3.1 Public Fund Overall Overview - **Asset Management Market Overview**: By the end of Q3 2025, the total scale of China's asset management business reached 80.03 trillion yuan. Public - offering funds and private - offering funds drove the growth of the asset management scale, with public - offering funds contributing 3.92 trillion yuan to the scale growth. The public - offering fund market maintained strong vitality, with a total scale of 36.67 trillion yuan and a total share of 31.30 trillion shares by the end of 2025, showing year - on - year growth [16][20]. - **Public Fund New - issuance Market**: In 2025, stock - type and bond - type funds were the main new - issuance products. The new - issuance volume of stock - type funds was large, and the new - issuance scale was comparable to that of bond - type funds, mainly relying on passive products [40]. - **Non - monetary Head Managers of Public Funds**: Since 2021, the top - three managers in terms of non - monetary fund scale have been relatively stable. In 2025, E Fund, China Asset Management, and GF Fund had different product line focuses in terms of stock and incremental scale. Huatai - Peregrine Fund and Invesco Great Wall Fund showed good performance [47][48]. - **Performance of Public Fund Products**: In 2025, the public - offering fund market achieved significant positive returns. Commodity - type funds represented by gold performed excellently, and stock - type funds also received good returns with reduced volatility and drawdown [3][56]. 3.2 Hot Topics in the Fund Industry - **Reform of Public - offering Fund Policies**: In 2025, a series of reform measures were introduced to promote the transformation of the public - offering fund industry from "scale - oriented" to "return - oriented" [59]. - **New - style Floating - rate Funds**: In 2025, new - style floating - rate funds were successively launched, which had important impacts on the public - offering fund market, such as guiding long - term holding and strengthening the binding mechanism between fund companies and investors [67][69]. - **Commercial Real Estate REITs**: In 2025, the pilot of commercial real estate REITs was officially launched, and 12 products had been officially declared by February 13, 2026 [73][75]. - **Development of the Fund Investment Advisory Industry**: Policy support, product expansion, and institutional empowerment promoted the development of the fund investment advisory industry. The investment scope of fund investment advisors was gradually broadened, and leading public - offering funds entered the market [77][79]. 3.3 Overview of Sub - categories of Public Funds - **Active Equity Funds**: In 2025, the scale of active equity funds rebounded, with an average return of 33.29%. Funds focusing on the AI industry chain led the gains [101]. - **Industry Theme Funds**: By the end of 2025, there were 2,009 industry theme funds, with a significant increase in scale. Funds in technology communication, large - scale technology, and large - scale manufacturing sectors led the gains [4][150]. - **Active Fixed - income Funds**: In the low - interest - rate environment and the rising equity market in 2025, the management pressure of pure - bond portfolios increased, while the scale of bond - containing funds increased significantly [170][174]. - **Passive Funds**: By the end of 2025, the total scale of passive funds exceeded 7.5 trillion yuan. ETFs continued to expand, and industry themes and bonds frequently created hot topics [205]. - **FOF Funds**: By the end of 2025, the total scale of FOF funds increased significantly, with performance showing significant differentiation. The new - issuance market recovered [296][309]. - **Quantitative Funds**: The scale of quantitative funds expanded rapidly, with index - enhanced funds dominating the scale. The new - issuance market of A500 and ChiNext/Science and Technology Innovation Board index - enhanced funds was hot, and small - cap products had outstanding returns [334][346]. 3.4 Overall Situation of Private - offering Securities Investment Funds - **Existing Situation**: By the end of December 2025, the existing scale of private - offering securities investment funds reached a record high of 7.08 trillion yuan, a year - on - year increase of 35.82%. The number of funds decreased, and fund managers continued to be cleared out [377]. - **New - issuance Market**: In 2025, the number and scale of newly - registered private - offering securities investment funds both increased. The access for new fund managers remained strict [382]. - **Industry Pattern**: The number of private - offering funds with a scale of over 10 billion yuan increased, while the number of those with a scale of less than 500 million yuan decreased significantly [391]. - **Market Trends**: In 2025, the scale of quantitative private - offering funds expanded again, and 14 new quantitative private - offering funds exceeded 10 billion yuan in scale. The regulatory rules for program trading were implemented [394][399]. - **Market Trends**: The number of insurance - funded private - offering securities investment funds increased to 7, and insurance funds increased their layout in the equity market through private - offering funds [400]. 3.5 Market Outlook in 2026 - **Macroeconomic Outlook**: In 2026, China's fiscal policy aims to balance "stable growth" and "structural transformation." If the fiscal space is fully released, a series of positive macroeconomic changes are expected. The total demand growth rate is expected to return to expansion [402][404]. - **Investment Direction**: In the equity market, attention should be paid to computing power, AI applications, AI power, cutting - edge technologies proposed in the 14th Five - Year Plan, pro - cyclical sectors, and domestic demand expansion and consumption recovery. In the fixed - income market, the interest rate center may rise, and the trading rhythm should be grasped [9]. - **Fund Selection**: The report selects several types of funds, including all - market investment equity funds, equity funds under different investment themes, fixed - income funds, and index - enhanced funds [10][11][12].

作为普通投资者参与市场的重要渠道，这一年，公募基金紧跟市场节奏，整体赚钱效应拉满。尤其是随着科技、有色金属赛道"起飞"，超百只基金净值翻 倍。但与此同时，也有基金踏空，个别基金甚至下跌超过10%。 蛇年收官，马年已至。过去一年，你的基金赚钱了吗？是否跑赢了市场？ 整体业绩亮眼 蛇年资本市场的强势回暖。从重要指数的表现来看，Wind数据显示，A股市场上，上证指数、深证成指分别上涨25.58%、38.84%，创业板指数上涨 58.73%，科创50、北证50指数分别上涨53.95%、44.59%；港股表现也不俗，恒生指数上涨32.04%。此外，贵金属在蛇年的表现可谓浓墨重彩，万得白银 行业指数、万得黄金行业指数分别大涨295.37%、127.66%。 亮眼的市场表现，为基金业绩飙升奠定了坚实基础。从基金整体业绩数据来看，蛇年堪称公募基金行业的"丰收年"。 170只基金蛇年收益率超过100%，同时有15只基金净值下跌逾10%。你的产品落在哪一区域？ 投资时间网、标点财经研究员 余顺安 在刚刚过去的蛇年（2025年1月29日—2026年2月16日），A股市场走出了一轮波澜壮阔的结构性牛市，上证指数时隔十年重返4000点 ...

（责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 今日油价回落，标普油气ETF嘉实跌2.72%，能源ETF、能源化工ETF建信分别跌0.95%、0.84%。 影视院线板块走低，线上消费ETF工银、传媒ETF华夏、在线消费ETF南方分别跌1.24%、1.14%、 1.04%。 A股三大指数今日集体上涨，截止收盘，沪指涨0.72%，深证成指涨1.29%，创业板指涨1.41%。沪 深京三市成交额24809亿元，较上日放量2627亿元，三市超3700只个股上涨。 板块题材上，小金属、磷 化工、钢铁、稀土永磁、电池、PCB、房地产、PET铜箔、港口航运板块涨幅居前；影视院线、银行、 算力租赁、游戏板块跌幅居前。 ETF方面，小金属、磷化工、钢铁、稀土永磁全线上扬，稀土ETF嘉实、稀有金属ETF、工业有色 ETF万家、钢铁ETF、建材ETF、矿业ETF、有色ETF华宝、有色金属ETF分别涨6.0 ...

2月25日，新金路涨5.3%，截至发稿，报18.47元/股，成交3.60亿元，换手率3.35%，总市值119.79亿 元。 资料显示，四川新金路集团股份有限公司位于四川省德阳市泰山南路二段733号银鑫·五洲广场一期21栋 22-23层，成立日期1992年4月18日，上市日期1993年5月7日，公司主营业务涉及氯碱化工、塑料制品的 生产与经营等业务。主营业务收入构成为：树脂产品41.61%，碱产品38.43%，其他19.97%。 建信新材料精选股票发起A（018194）基金经理为田元泉。 截至发稿，田元泉累计任职时间5年255天，现任基金资产总规模52.1亿元，任职期间最佳基金回报 111.5%， 任职期间最差基金回报-15.47%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，建信基金旗下1只基金重仓新金路。建信新材料精选股票发起A（018194）四季度持有股数 65.49万股 ...

一、交易提示 数据显示，截至2月24日，1602只披露净值的保险资管产品中，今年以来正收益占比达93.2%，其中近20只权益类产品收益 率超10%。展望后市，机构表示将继续深耕科技创新、新质生产力等重点领域，挖掘优质上市公司，把握产业升级带来的 长期配置机遇。 A股迎来马年开门红,三大指数节后集体上涨。截至收盘,沪指涨0.87%,报4117.41点,深成指涨1.36%,报14291.57点,创业板指涨 0.99%,报3308.26点,科创50指数跌0.34%,报1465.37点。沪深两市合计成交额22020.62亿元。市场超4000只个股上涨,其中109 只个股涨停。 二、基金要闻 （1）02月24日新发基金共有32只，主要为混合型基金和股票型基金，其中华夏中证电池主题ETF募集目标金额达80.00亿 元；基金分红18只，多为ETF联接基金，派发红利最多的基金是天弘中证央企红利50指数型发起式证券投资基金，每10份 基金份额派发红利0.1000元。 （2）春节前后公募"红包雨"不断，截至2月24日，年内已有超730只基金发布分红方案，累计金额超367亿元。多只沪深 300、中证500等宽基ETF单次派现超10 ...

Group 1 - The public fund issuance market continues to show strong momentum, with 18 new funds launched on February 24, and a total of 36 new funds expected to be issued in the first trading week after the Spring Festival [1][2] - The new funds cover a diverse range of categories, including active equity, passive index, bond funds, and funds of funds (FOF), indicating a rich selection for investors [1] - The issuance of new public funds in 2026 is projected to reach 245 by the end of February, significantly higher than previous years, reflecting a robust issuance trend [2] Group 2 - Several new funds are focusing on current hot sectors, such as AI, robotics, and commercial aerospace, aiming to capture excess returns in a changing market [2] - The macroeconomic environment is seen as favorable for strong cyclical industries like non-ferrous metals and basic chemicals, with multiple cycles expected to drive A-share market profitability [3] - The Hong Kong stock market is identified as a key area for public fund investment, with specific funds targeting opportunities in AI-driven sectors such as cloud computing and e-commerce [3]