基金经理取得良好业绩的持续性，是衡量其投资能力、风险控制水平以及投资体系有效性的一个重要尺度。如果基金经理能够连续多年正收益，证明他不仅 仅是在牛市中"水涨船高"的受益者，更是在过往熊市或震荡市中，通过选股、仓位控制、行业轮动等手段，有效规避了重大亏损，实现了绝对收益。 近7年，A股市场的生态也在不断变化。从市场风格来看，近3年轮动速度不断加快，小盘股逐步占上风。从板块来看，科技、红利成为市场关注的重要方 向。 那么，2023年来、2021年来、2019年来连年实现正收益的基金经理又有多少？其中又有哪些基金经理累计收益位居前列呢？（注：本文数据整理自公募排排 网，2025年的业绩仅截至8月24日） 2023年来连年正收益20强：冠军刘元海重仓AI 在2023年-2025年期间，有业绩展示的基金经理共有3063位，其中连年正收益的基金经理共有1070位，占比34.93%。2023年-2025年累计收益位居20强的基金 经理上榜门槛为76.6%。 从公司角度看，德邦基金共有2位基金经理上榜。规模超100亿的仅有2位基金经理。收益位居前5的基金经理分别为东吴基金刘元海、中邮基金宫正、国海富 兰克林基金狄星华、诺安基 ...

Group 1 - The technology sector is experiencing a strong surge, with cloud computing and computer stocks seeing significant increases, including companies like Zhina Compass, Changliang Technology, and Hengsheng Electronics, which have all risen over 25% in the past 10 days [1] - The Computer ETF (159998) has achieved three consecutive days of gains, with a cumulative increase of over 7% this week and five consecutive days of net inflows, including a net subscription of 172 million shares yesterday [1] - The Cloud Computing ETF (517390) saw an intraday increase of approximately 2%, with a weekly cumulative increase nearing 7%, driven by significant breakthroughs in industrial 5G terminal equipment construction and optimistic capital expenditure outlooks from leading cloud vendors [1] Group 2 - As internet giants increasingly invest in cloud computing and traditional financial institutions undergo a new round of IT reforms, the application of cloud computing in the financial sector is accelerating [2] - According to IDC, the Chinese financial cloud market is projected to reach $5.23 billion in the second half of 2024, reflecting a year-on-year growth of 11.0%, indicating a diversified market development [2] - Starting in 2025, the entry of open-source models like DeepSeek is expected to introduce new changes and opportunities in the competitive landscape of the financial cloud market, leading to a potential dual growth of "infrastructure reconstruction + intelligent application explosion" [2]

Group 1: Cloud Computing Industry Performance - The CSI Hong Kong-Shanghai Cloud Computing Industry Index (931470) rose by 2.74% as of May 6, 2025, with notable increases in constituent stocks such as Tianyuan Dike (300047) up 20.00%, Huasheng Tiancai (600410) up 10.01%, and Runhe Software (300339) up 9.01% [3] - The Hong Kong-Shanghai Cloud Computing ETF (517390) increased by 4.16%, ranking among the top three ETFs in terms of growth, with a latest price of 1.13 yuan [3] - Over the past three years, the Hong Kong-Shanghai Cloud Computing ETF has seen a net value increase of 56.99%, ranking 12th out of 1742 index stock funds, placing it in the top 0.69% [4] Group 2: ETF Performance Metrics - The Hong Kong-Shanghai Cloud Computing ETF has a maximum monthly return of 33.39% since inception, with the longest consecutive monthly gain of 6 months and a total increase of 66.14% [4] - The ETF's average monthly return during rising months is 9.82%, with an annual profit percentage of 66.67% and an 80.85% probability of profit over a three-year holding period [4] - As of April 30, 2025, the ETF's Sharpe ratio for the past year is 1.16, ranking it first among comparable funds, indicating the highest return for the same level of risk [4] Group 3: Valuation and Tracking Accuracy - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the Hong Kong-Shanghai Cloud Computing ETF is 22.95, which is below 86.62% of the time over the past year, indicating a historical low valuation [5] - The ETF has a tracking error of only 0.051% over the past two years, the highest tracking accuracy among comparable funds [4] Group 4: Computer Industry Performance - The CSI Computer Theme Index (930651) rose by 3.02% as of May 6, 2025, with significant gains in stocks like Runhe Software (300339) up 8.91% and 360 (601360) up 5.96% [8] - The Computer ETF (159998) increased by 2.85%, achieving a one-year cumulative increase of 20.83% [8] - The Computer ETF's latest scale reached 2.955 billion yuan, marking a recent high and ranking it first among comparable funds [8] Group 5: AI Model Developments - Recent developments in domestic AI models include the launch of Alibaba's Qwen3 series and Xiaomi's 7B parameter inference model, showcasing rapid advancements in capabilities [9] - Analysts suggest that the proliferation of domestic models may lead to increased competition and a shift towards customized solutions tailored to specific user needs, potentially reshaping the industry landscape [9]