基金公司冲刺四季度新基金发行收官季。 国庆中秋"双节"后，新基金发行迎来发售高潮，基金管理人迎来本年最后的"决战季"。 Wind数据显示，10月9日当天共计有23只基金同日开启发售，定档10月份发行的新基金数量接近70只，其中不 乏一些绩优基金经理挂帅的主动权益基金。 从新发基金类型来看，主动权益基金、指数基金、含权债基成为发行主力，有望为权益市场持续带来增量资 金。 绩优基金经理挂帅 Wind数据显示，已有19只主动权益基金定档节后发行，其中不乏由一些今年业绩表现突出的基金经理挂帅。 闫思倩挂帅的新基金鹏华制造升级于10月9日开启发售，该基金也将成为她在管的第6只基金。闫思倩管理的鹏 华碳中和主题基金今年业绩实现翻倍增长，因此新基金的发售规模以及布局方向备受市场关注。 财通基金金梓才将时隔2年再度挂帅新基金发行，财通品质甄选将自10月16日开启发售。金梓才管理的多只科 技主题基金去年业绩排名行业前列，近三个月累计涨幅接近翻倍。 今年前三季度，科技主题基金业绩表现强势，一些基金公司在四季度加大布局此类主题基金，锚定科技大行 情。如广发基金基金经理观富钦担纲发行广发信息产业，彭凌志领衔发行国泰半导体制造精选，马 ...

（原标题：39只"翻倍基"，最新业绩来了） 【导读】前三季度主动权益基金平均业绩超29%，39只"翻倍基"，最牛接近195% 中国基金报记者 方丽 孙晓辉 今年前三季度，A股市场持续走强，结构性亮点纷呈，科技成长与资源品板块领涨，公募权益基金赚钱效应显著，业绩翻倍基金批量诞生！ 具体来看，主流指数前三季度总体上演上涨行情，其中科创创业50年内涨幅达到63.04%，表现最好；创业板指、科创50、北证50、中证2000等指 数表现强势，涨幅超30%，仅红利指数、中证红利出现下跌。 从申万一级行业来看，前三季度行业表现也出现巨大分化。有色金属、通信、电子位居前三，年内涨幅均超50%，电力设备、综合、机械设备、 传媒、汽车、计算机、基础化工、医药生物等板块涨幅超过20%；煤炭、食品饮料、石油石化、交通运输等板块逆势下跌。 在这样的基础市场下，前三季度主动权益基金单位净值增长率平均达到29.24%，最牛基金涨幅接近195%。 主动权益基金前三季度单位净值 平均涨29.24% 受益于股市上涨，今年前三季度权益类基金交出了亮眼的成绩单。 Wind数据显示，若不计算2025年成立的新基金，前三季度权益基金平均获得30.04% ...

Group 1 - The core viewpoint of the articles highlights the evolving structure and volatility characteristics of the A-share market, driven by the expansion of passive investment and the influence of quantitative trading, leading to increased market differentiation and frequent shifts in hot sectors [1][2] - The performance of actively managed small and medium-sized fund companies, such as Hengyue Fund, has gained market attention, with 7 out of 10 actively managed equity products achieving over 70% growth in the past year [1] - Hengyue Fund's Hengyue Advantage Select Mixed Fund has seen its net value rise from 0.46 yuan per share to 1.28 yuan per share, marking it as one of the few equity funds in the market to double its net value [1] Group 2 - Hengyue Fund emphasizes the increasing adaptability of actively managed equity funds to the current and future A-share market, allowing for more flexible exploration of alpha opportunities in small and mid-cap stocks, exclusion of poorly performing stocks, and focus on high-certainty performance targets [2] - The fund manager expresses optimism about sectors benefiting from rapid industrial development, such as AI computing and applications, as well as non-ferrous metals like copper and aluminum, while anticipating continued high volatility in the index [2]

专题：专题|A股"924行情"一周年回顾与展望 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ A股"924行情"一周年之际，Wind数据显示，从2024年9月24日至2025年9月22日，主动权益基金（包括普通股票型、偏股混合型、灵活配置型、平衡混合 型以及QDII混合型等基金，只统计主份额）中，458只主动权益基金翻倍，其中，德邦鑫星价值A区间回报282%位居第一，中信建投北交所精选两年定开 A回报271.5%位居第二，中欧数字经济A区间回报262%位居第三。 7只主动权益基金924行情以来亏损，其中，东财价值启航A亏损8.13%位居跌幅榜第一名，广发价值优势亏3.26%位居跌幅榜第二名，广发内需增长A亏 2.55%位居跌幅榜第三名。 | 简称 | 区间回报 区间超基准 | 规模 and and any and the commend of the submit of the commend of | | | --- | --- | --- | --- | | | % % | | | | 德邦鑫星价值A | 282.09 280.58 | 9.33 雷涛,陆阳 | | | 中信建 ...

Wind数据显示，截至9月1日，今年以来主动权益类基金整体平均净值增长率超25%，该品类95%以上的产品都实现了正收益，不少基金净值更是 突破前期高点，创下历史新高。 今年8月22日，上证指数时隔10年后重新站上3800点。上一次上证指数突破3800点时，还是在遥远的2015年8月19日。 资本市场的周期更迭从未停歇。2015年6月5日，上证指数曾一度站上5100点，又在随后的剧烈波动中引发无数投资者的思考与追问。近十年过 去，市场几经牛熊，行业结构、资金偏好、投资理念都发生了深刻变化。 尤其自去年"9·24"行情以来，ETF成为市场焦点，被动投资讨论如火如荼，许多声音开始质疑主动权益基金持续创造超额收益的能力，一度发出"主 动基金经理到底能否穿越牛熊？""还有必要买主动权益基金吗？"的疑问。 今年前八个月，A股市场强势上行，公募权益类基金同步迎来业绩"大丰收"，赚钱效应显著回升，超过30只"翻倍基"现身。 为了探寻这些问题的答案，我们进行了一次深入的数据挖掘与复盘。 | | | | | 2015年高点以来净值增长Top50的绩优基金 | | | | | | --- | --- | --- | --- | - ...

Core Insights - The overall performance of investors has improved significantly this year, with many reporting substantial profits after employing strategies like regular investment and averaging down [1][5][22] - The "偏股基金指数" (Equity Fund Index) has rebounded to levels seen in February 2022, indicating that most investments made since then have turned profitable [4][9] - Data from Alipay shows that 215 million investors have positive cumulative returns on their fund investments, excluding money market funds like Yu'ebao [5][6] Market Performance - Major indices such as the Shanghai Composite Index and CSI 300 have risen over 14%, while the "偏股基金指数" has surged by 29.81%, outperforming the broader market [9][10] - As of September 18, 2025, only 70 out of 4,136 selected funds reported losses, representing just 1.69% of the total [11] - Approximately 79.35% of funds have returned over 15%, indicating that around 80% of active funds have outperformed the market this year [12][13] Fund Analysis - The "偏股基金指数" has consistently achieved new highs during bull markets, while the broader indices have not reached their previous peaks [17][20] - The active fund managers have demonstrated the ability to generate alpha returns, which are not consistently replicated by passive indices [20] - The average return of selected funds from Alipay's "蚂蚁理财金选" (Ant Financial's Gold Selection) has been 29.75%, outperforming the "偏股基金指数" [31] Investment Behavior - Good investment practices, such as regular contributions and averaging down, have been crucial for many investors to recover from previous losses [22][26] - Diversification and selecting quality funds are emphasized as effective strategies to mitigate risks and enhance returns [28][30] - The cultivation of sound investment habits is deemed essential for long-term success in fund investments [36]

Core Viewpoint - The article highlights the significant role of billion-yuan public fund managers in the capital market, especially during the structural rise of A-shares in 2025, where active equity funds have shown strong absolute returns [3]. Group 1: Fund Manager Performance - As of the end of Q2 2025, 15 fund managers have surpassed a management scale of 10 billion yuan, with notable firms including China Europe Fund, Huatai-PineBridge Fund, and Yongying Fund [3]. - The top three fund managers by management scale are Zhang Wei from Huatai-PineBridge Fund (167.64 billion yuan), Yan Siqian from Penghua Fund (161.36 billion yuan), and Lan Xiaokang from China Europe Fund (155.58 billion yuan) [4][6]. - The average tenure of these top fund managers is approximately 4 years, with 4 managers having over 10 years of experience [3]. Group 2: Top Holdings and Returns - The top holdings among these fund managers include stocks like Victory Technology, Tencent Holdings, and CATL, which are favored by at least three managers [3]. - Zhang Wei leads the performance rankings with a return of 75.67% in 2025, managing 167.64 billion yuan across six funds [7]. - Yang Dong from Fortune Fund has a return of 61.18% with a management scale of 103.66 billion yuan, focusing on growth stocks and industry trends [8]. Group 3: Scale Growth and Rankings - The threshold for the top 10 fund managers by scale growth in 2025 is set at 31.02 billion yuan, with Yongying Fund's Zhang Lu and Gao Nan taking the top two spots [9]. - Zhang Lu achieved a net growth of 133.88 billion yuan, bringing his management scale to 154.13 billion yuan, with a return of 69.39% [10][11]. - Gao Nan's management scale increased by 107.79 billion yuan to 153.26 billion yuan, with a return of 36.20% [11][12].

新京报贝壳财经讯 公募排排网数据显示，和2024年末相比，在截至2025年二季度末的84位百亿级主动 权益基金经理中，共有15位基金经理今年管理规模突破百亿（包括新进或重回）。在这15位百亿主动权 益基金经理中，中欧基金、汇添富基金、永赢基金均不止一名基金经理上榜。其中，中欧基金有3位基 金经理上榜，分别是蓝小康、王培和尹为醇；汇添富基金、永赢基金均有2位基金经理上榜；此外，鹏 华基金、易方达基金、广发基金、富国基金等8家公募机构均有1位基金经理上榜。 ...

Core Viewpoint - The active equity funds in the public offering market have performed exceptionally well this year, with over 98% achieving positive returns and 75% outperforming the market benchmark (CSI 300 Index up by 14.95%) [3][4]. Group 1: Performance of Active Equity Funds - More than 98% of active equity funds have recorded positive returns this year, with 75% surpassing the market performance [3]. - The top three active equity fund managers among licensed public funds are Dongzheng Asset Management, Caitong Asset Management, and Guotai Haitong Asset Management [3][4]. - Caitong Asset Management has a comprehensive product line in active equity funds, contributing to its strong performance in recent years [3]. Group 2: Caitong Asset Management's Fund Performance - Caitong Asset Management's 20 active equity funds have all achieved returns exceeding 20% this year, significantly outperforming the CSI 300 Index [5]. - Over the past year, all but one of Caitong's funds have returned over 50%, with four funds doubling their value [5]. - The firm has successfully positioned itself in various sectors, including technology, manufacturing, and consumption, leading to substantial returns [5][24]. Group 3: Investment Strategies and Fund Management - Caitong Asset Management employs a diverse range of investment strategies across its funds, focusing on sectors such as technology, advanced manufacturing, and consumer goods [6][20]. - The firm has adopted a structured approach to fund management, utilizing a three-tiered structure that balances core holdings with tactical positions [29]. - The investment philosophy emphasizes a combination of industry insights and rigorous research, enabling the team to identify trends and opportunities effectively [44][45]. Group 4: Research and Development - Caitong Asset Management's investment team consists of approximately 40 members, with 20 dedicated researchers focusing on various sectors [45]. - The firm integrates a comprehensive research approach into its investment strategy, enhancing the decision-making process and aligning with long-term absolute return goals [46][47]. - The success of Caitong's equity products is attributed to a systematic approach that combines industry perspective, research empowerment, and a focus on absolute returns [47].

在这15位百亿元主动权益基金经理中，中欧基金、汇添富基金、永赢基金均不止一名基金经理上榜，其 中中欧基金有3位基金经理上榜，分别是蓝小康、王培和尹为醇，另外2家均有2位基金经理上榜，此 外，鹏华基金、易方达基金、广发基金、富国基金等8家公募机构均有1位基金经理上榜。 从管理规模来看，汇添富基金张韡、鹏华基金闫思倩、中欧基金蓝小康管理规模位列前3，二季度末管 理规模依次为167.64亿元、161.36亿元和155.58亿元。永赢基金2位基金经理张璐和高楠位列第四和第五 名，管理规模均超150亿元。 任职年限方面，这15位基金经理中，任职最短的接近4年，4位任职超10年，其中任职最长的是易方达基 金郭杰、景顺长城基金刘苏和中欧基金王培，均担任基金经理年限高达12年。另外富国基金杨栋任职年 限达10年。 | | | | 2025 年管理规模破百亿的主动权益基金经理名单 | | | | --- | --- | --- | --- | --- | --- | | 基金经理 | 所属基金 | 担任基金经 | 在管基 | 2025 年二季末管理规 | 2024 年年末管理 | | 名称 | 公司 | 理年限 | 金数 | ...