Group 1 - The average return of actively managed equity funds has reached 13.74% year-to-date as of July 28, with over 90% of more than 4,000 funds achieving positive returns [1] - Nearly 400 funds have returns exceeding 30%, and around 60 funds have returns above 60% [1] - A significant number of funds have doubled their returns this year, with specific funds like Changcheng Medical Industry Select Mixed Fund at 120.89%, Bank of China Hong Kong Stock Connect Medical Mixed Fund at 112.25%, and Yongying Medical Innovation Smart Selection Mixed Fund at 109.01% [1] Group 2 - The market recovery has sparked enthusiasm among fund companies, with 48 equity funds currently in issuance and 39 more set to be issued [1] - Notable fund managers from various firms, including Yongying Fund and Guojin Fund, are launching new funds [1] - Since June 23, high-risk preference funds such as private equity funds and financing funds have played a crucial role in driving market upward momentum [2] - The redemption situation for actively managed equity funds has improved compared to last year, and there is potential for a slight net subscription in the second half of the year [2]

Core Viewpoint - As of June 30, 2025, the net asset value of the Jiashi Fund's Jiashi Currency E (001812) reached 54.763 billion yuan, reflecting a 26.04% increase compared to the previous period [1] Group 1: Fund Performance - The fund's net asset value increased by 26.04% to 54.763 billion yuan as of June 30, 2025 [1] - The fund's recent three-month yield was 0.32%, while the one-year yield was 1.4%, and the cumulative yield since inception was 24.01% [3] Group 2: Fund Manager Profile - Zhang Wenyue, the fund manager, has a master's degree and has been with Jiashi Fund Management Co., Ltd. since April 2014, currently working in the short-end alpha strategy group [2] - Zhang has held various managerial positions in different Jiashi funds, including roles in money market and bond investment funds from 2014 to 2022 [2] Group 3: Fund Size Changes - Recent changes in fund size include no subscriptions and minimal redemptions, with total shares at 0.02 billion as of June 30, 2025, reflecting a net asset change rate of -24.80% [3]

Group 1 - The core viewpoint of the article highlights the performance and management details of the Western Gain Fund's Hong Kong Stock Connect New Opportunities Mixed A Fund, which has shown a net asset increase of 2.83% as of June 30, 2025 [1] - The fund manager, Tao Xingyan, has a strong background in quantitative finance and has held various positions in investment management prior to joining Western Gain Fund in 2019 [1] - The fund's recent share scale changes indicate a total net asset of 0.18 billion yuan, with a significant net asset change rate of -24.80% over the last period [2] Group 2 - The fund's performance metrics show a 3-month return of 16.63%, a 1-year return of 32.92%, and an overall return since inception of -34.23% [2] - The top ten stock holdings of the fund include major companies such as Tencent Holdings, Hong Kong Exchanges, and Alibaba, with a combined holding percentage of 39.68% [2] - Western Gain Fund Management Company, established in July 2010, is based in Shanghai and primarily engages in capital market services, with a registered capital of 370 million yuan [2]

Group 1 - The net asset of Huabao Fund's Huabao Hong Kong-Shanghai Value Index C (007397) reached 0.07 billion yuan as of June 30, 2025, representing a 52.18% increase compared to the previous period [1] - The fund manager, Zhou Jing, holds a PhD in Economics and an MBA, with extensive experience in quantitative analysis, alternative investment analysis, and securities investment research [2] - The fund's recent performance shows a 12.95% return over the last three months, a 25.56% return over the past year, and a cumulative return of 28.56% since inception [3] Group 2 - The fund's top ten stock holdings include Alibaba-W, China Construction Bank, Industrial and Commercial Bank of China, Bank of China, Industrial Bank, China Petroleum, Ping An Insurance, China State Construction, Sinopec, and CITIC, with a total holding percentage of 42.55% [3] - Huabao Fund Management Co., Ltd. was established in March 2003 and is based in Shanghai, focusing on capital market services with a registered capital of 150 million yuan [3]