2025年落下帷幕，公募基金业绩出炉。永赢科技智选混合基金以233.29%的收益率，获得2025年主动偏 股型基金冠军。该年度业绩，超过了王亚伟管理的华夏大盘精选基金2007年226.24%的收益率，创下18 年来的新纪录。 从公募基金业绩表现看，据Choice统计，衡量公募基金投资能力的主动偏股型基金， 2025年度平均收益率高达32%。其中，年度收益率超过50%的基金约为800只，年度净值翻倍的基金超 过70只。从上述业绩领先基金的持仓情况看，绝大多数源于重仓了以AI为代表的科技板块。从重仓股 数据看，截至2025年三季度末，永赢科技智选混合、中航机遇领航混合、信澳业绩驱动混合、汇安成长 优选混合、华商均衡成长混合等基金的前十大重仓股中，几乎全部是AI相关概念股。 ...

| 序号 | Wind代码 | 证券简称 | 截至12月31日 年内复权单位 | 投资类型 | | --- | --- | --- | --- | --- | | | | | 净值增长率(%) | | | 1 | 022364.OF | 永赢科技智选A | 239.78 | 偏股混合 | | 2 | 018956.OF | 中航机遇领航A | 176.65 | 偏股混合 | | 3 | 011815.OF | 恒越优势精选A | 153.31 | 偏股混合 | | 4 | 001753.OF | 红土创新新兴产业A | 153.27 | 灵活配置 | | 5 | 016370.OF | 信澳业绩驱动A | 148.75 | 偏股混合 | | 6 | 018993.OF | 中欧数字经济A | 147.59 | 偏股混合 | | 7 | 519770.OF | 交银优择回报A | 145.83 | 灵活配置 | | 8 | 005550.OF | 汇安成长优选A | 144.09 | 灵活配置 | | ਰੇ | 011369.OF | 华商均衡成长A | 143.06 | 偏股混合 | | 10 | 01041 ...

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！ 2025年只剩一个交易日了。对于基金经理而言，这最后4个小时的交易时间，就是最后的年度业绩决战 时刻。 从年内基金业绩排名看，截至12月30日，重仓AI概念股的基金业绩居前，年内净值翻倍的基金超过80 只。其中，永赢科技智选混合基金以239.78%的收益率大幅领跑，基本锁定年度冠军。但当前排名前十 的基金业绩差距较小，最终年度排名充满变数。从部分绩优基金经理的最新观点看，科技成长方向依然 是接下来关注的重点。 年度排名充满变数 在2025年的震荡上行行情中，公募基金整体业绩表现不错。据Choice资讯统计，截至12月30日，在4600 多只主动权益类基金中，年内平均收益高达31.25%，833只基金年内收益率超过50%，更有80多只基金 年内净值翻倍。 以下是年内收益率超过130%的主动权益类基金。 | 县 : 名称 | 今年以来回报 | | --- | --- | | | % | | 永赢科技智选混合发起A | 239.78 | | 中航机遇领航混合发起A | 176.65 | | 恒越优势精选混合A | 153.31 | | 红土创 ...

距离2025年收官仅剩6个交易日，公募基金年终排名进入了关键的冲刺阶段。 展望2026年，永赢基金权益投资部联席总经理李文宾预计AI投资机会或将继续向新技术、新趋势、新 模式扩散。 基金年终排名战 2025年，主动权益基金业绩回归。 Wind数据显示，截至12月22日，全市场所有基金的收益中位数9.54%。主动权益类基金，包括普通股票 型、偏股混合型、平衡混合型和灵活配置型基金的年内平均收益则超过了20%，其中超九成基金实现正 收益。 在业绩头部阵营中，共有97只基金今年以来收益超过100%，其中主动权益基金89只，被动指数型基金7 只，QDII基金和商品型基金分别1只。 目前来看，冠军宝座已基本锁定，截至12月22日，永赢科技智选混合基金今年以来收益为231.72%，领 先第二名中航机遇领航混合基金近50个百分点。 今年A股市场整体呈现震荡上行的慢牛走势，上证指数一度突破4000点，市场活跃度显著提升。贯穿全 年的最强主线是科技成长板块，受益于AI技术突破、新能源产业链复苏等多重利好，相关领域上市公 司盈利预期显著改善，成为驱动市场上行的引擎。 统计数据显示，在这一轮行情中，九成以上主动权益类基金年内实现正 ...

◎记者 赵明超 距离年底不足一个月，基金年终排名又到关键阶段。从业绩表现看，九成以上主动权益类基金今年以来 实现正收益，其中有30只基金净值翻倍，领跑基金收益超过200%，夺得冠军几乎没有悬念，但前十中 其他排名尚无定论。 年度业绩排名前十的主动权益类基金一览 （截至12月5日） 周恒 制图 从最近三年业绩情况看，基金业绩分化严重，首尾相差接近300个百分点。从政策导向看，监管层正在 加大对基金中长期业绩的考核力度。对于基金经理而言，基金业绩不能停留在年终排名的一时荣光，能 否为投资者创造持续的真实回报，才是真正关键的必答题。 夺冠基金几无悬念 从今年以来的业绩表现看，主动权益类基金打了一场漂亮的"翻身仗"。Choice数据显示，截至12月5 日，主动权益类基金年内平均收益为27.38%，其中超九成基金实现正收益。在业绩居前的基金中，共 有104只基金今年以来收益超过80%，其中更有30只基金收益超过100%。 具体来看，冠军宝座已基本锁定。截至12月5日，永赢科技智选混合基金今年以来收益为202.13%，领 先目前第二名中航机遇领航混合基金近60个百分点，夺得2025年主动权益类基金业绩冠军几无悬念。 不过 ...

Group 1 - The core point of the article is the promotion of Han Hao to Vice President of China Aviation Fund, highlighting the rise of "billion-level" fund managers in the context of booming sectors like AI computing power and solid-state batteries [1][2][8] - Han Hao's management of four funds covers sectors such as AI computing power, low-altitude economy, solid-state batteries, and large aircraft, with his flagship fund, China Aviation Opportunity Leading Mixed Fund, growing from 681 million yuan at the end of last year to 13.231 billion yuan by the end of Q3 this year, representing an increase of over 18 times [2][5] - The recent management changes at China Aviation Fund include the departure of former Vice President Deng Haiqing, who is expected to join another fund company [2][3] Group 2 - Han Hao, born in the 1980s, has a diverse background in securities and investment, having held various positions in companies like China Minmetals Securities and Jin Yuan Securities before joining China Aviation Fund in 2016 [4][3] - The fund management landscape has seen a significant increase in the number of fund managers with over 10 billion yuan in assets, with 109 active equity fund managers reaching this milestone by the end of Q3, marking a 51.5% increase from the previous quarter [9] - The recent surge in technology stocks has led to the emergence of multiple "billion-level" fund managers, with notable performances from funds heavily invested in AI computing power, achieving net value growth of over 200% and 100% in the past year [9][11] Group 3 - China Aviation Fund is actively developing sector-focused funds, with additional funds covering areas such as humanoid robots, innovative drugs, edge chips, smart driving, and rare earths and strategic metals [6] - The industry is reflecting on the implications of new regulations regarding the concentration of investments in specific sectors, as many funds have achieved outstanding performance by focusing on one or two industries [9][10] - The extreme investment styles adopted by some smaller fund companies may need to evolve in response to regulatory changes, prompting a need for differentiated development strategies [11]

Group 1 - The core viewpoint of the article highlights the promotion of Han Hao, a fund manager known for managing "hundred billion-level" funds, to the position of deputy general manager at AVIC Fund, reflecting the rise of fund managers in the AI computing and solid-state battery sectors [2][4]. - Han Hao's management of four funds spans various sectors including AI computing, low-altitude economy, solid-state batteries, and large aircraft, with his flagship fund, AVIC Opportunity Leading Mixed Fund, growing from 681 million yuan at the end of last year to 13.231 billion yuan by the end of Q3 this year, marking an increase of over 18 times [2][6]. - The article notes a significant increase in the number of fund managers with over 10 billion yuan in assets under management, with 109 managers reaching this milestone by the end of Q3, a 51.5% increase from the previous quarter [8]. Group 2 - The recent surge in technology stocks has led to outstanding performance among funds heavily invested in AI computing and other niche sectors, resulting in multiple fund managers achieving "hundred billion-level" status [8]. - The article discusses the implications of new regulations from the Fund Industry Association, which emphasize the need for fund managers to establish internal management systems to avoid excessive concentration in single sectors, prompting a reflection on the future of niche sector funds [8][9]. - Concerns are raised about the sustainability of funds that have relied on concentrated investments in one or two industries for short-term performance, highlighting the need for fund managers to develop broader market selection capabilities [9][10].

Core Viewpoint - The performance of actively managed equity funds has significantly improved, with an average return of over 48% in the past year, and more than 270 funds have doubled their net value [1][2]. Group 1: Fund Performance - As of August 28, 2023, 4378 actively managed equity funds reported an average return of 48.13%, with 4354 funds achieving positive returns [2]. - A total of 586 funds generated returns exceeding 80%, and 274 funds saw their net value double, with some funds achieving returns over 200% [2]. - Notable high-performing funds include 中信建投北交所精选两年定开混合基金 with a return of 264.31%, 华夏北交所创新中小企业精选两年定开混合基金 at 241.75%, and 中欧数字经济混合基金 at 237.52% [2]. Group 2: Investment Strategies - Fund managers are focusing on structural opportunities, particularly in sectors like artificial intelligence, innovative pharmaceuticals, and new consumption [4]. - The AI industry is expected to continue its growth trajectory, with significant investment opportunities in AI applications, autonomous driving, and humanoid robots [4][5]. - Fund managers are adjusting their portfolios to include stable assets like banks and insurance while increasing exposure to technology assets such as robotics and AI computing [5]. Group 3: Market Outlook - The overall sentiment towards the equity market has become more positive, with expectations that the most severe systemic shocks have passed [4]. - There is an emphasis on monitoring macroeconomic events that could introduce volatility, while still identifying opportunities in sectors like AI, innovative pharmaceuticals, and non-ferrous metals [4][5].