Core Viewpoint - The performance of the equity investment products managed by Xinda Australia Fund has been outstanding, showcasing the company's strong research capabilities and market judgment, particularly in a year marked by increasing sector differentiation and structural opportunities [1][2]. Group 1: Performance Metrics - As of November 28, 2025, ten equity products from Xinda Australia Fund ranked in the top 10% of their peers, with the Xinao Performance-Driven Mixed A fund ranking 4th among 3,902 similar funds [2]. - The Xinao Transformation Innovation Stock A fund achieved a return ranking of 73rd out of 918 similar actively managed stock funds, placing it in the top 8% [2]. - The Xinao Craftsmanship Select One-Year Holding Period Mixed A fund ranked 95th among 3,902 similar funds, demonstrating strong performance [2]. Group 2: Ratings and Recognition - The Xinao Transformation Innovation Stock A fund received a three-year five-star rating as of October 31, 2025, while the Xinao New Energy Industry Stock A fund earned a ten-year five-star rating, reflecting the stability and effectiveness of the fund's performance [2]. - The ratings serve as a testament to Xinda Australia Fund's long-term research capabilities and the consistent performance of its products [2]. Group 3: Product Strategy and Diversity - The ten highlighted equity products encompass a diverse range of strategies, including a focus on technology growth and consumer upgrades, with the Xinao Technology Innovation One-Year Open Mixed A fund achieving a return of 64.79%, ranking in the top 6% of its category [2]. - Other products like the Xinao Advantage Industry Mixed A fund and the Xinao Prosperity Preferred Mixed A fund also ranked in the top 3% and top 4% respectively, showcasing the company's ability to capture structural opportunities across various market segments [2]. Group 4: Long-term Performance - The Xinao Transformation Innovation Stock A fund ranked 138th out of 732 similar products over three years, while the Xinao New Energy Industry Stock A fund achieved a remarkable 348.99% return over ten years, ranking 3rd among 127 similar products [2]. - These long-term performance metrics validate the effectiveness and stability of Xinda Australia Fund's investment strategies [2]. Group 5: Research and Investment Philosophy - Xinda Australia Fund emphasizes a "deep research + strict risk control" investment philosophy, supported by a professional research team and a robust risk management framework [2]. - The company aims to continue optimizing its product offerings to provide high-quality equity products that deliver solid long-term returns for investors [2].

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth as of September 12, 2025, highlighting the top and bottom performers in the market [2][3]. Fund Performance Summary - The top 10 funds with the highest net value growth include: 1. 东方阿尔法优势产业混合C with a unit net value of 2.0172, up from 1.9297, showing an increase of 0.08 2. 东方阿尔法优势产业混合A with a unit net value of 2.0702, up from 1.9805, also increasing by 0.08 3. 华泰保兴产业升级混合发起C with a unit net value of 1.3199, up from 1.2669, an increase of 0.05 4. 华泰保兴产业升级混合发起A with a unit net value of 1.3230, up from 1.2699, increasing by 0.05 5. 信澳匠心严选一年持有期混合C with a unit net value of 1.3685, up from 1.3190, an increase of 0.04 6. 信澳匠心严选一年持有期混合A with a unit net value of 1.3935, up from 1.3431, increasing by 0.05 7. 诺安研究优选混合C with a unit net value of 1.0673, up from 1.0289, an increase of 0.03 8. 诺安研究优选混合A with a unit net value of 1.0832, up from 1.0443, increasing by 0.03 9. 华夏优势精选股票 with a unit net value of 1.5073, up from 1.4534, an increase of 0.05 10. 德邦半导体产业混合发起式A with a unit net value of 1.7278, up from 1.6661, increasing by 0.06 [2]. - The bottom 10 funds with the lowest net value growth include: 1. 方正富邦致盛混合A with a unit net value of 1.3457, down from 1.3865, a decrease of 0.04 2. 方正富邦致盛混合C with a unit net value of 1.3266, down from 1.3668, also decreasing by 0.04 3. 华泰柏瑞质量成长混合A with a unit net value of 1.5802, down from 1.6275, a decrease of 0.04 4. 华泰柏瑞质量成长混合C with a unit net value of 1.5540, down from 1.6005, decreasing by 0.04 5. 中航机遇领航混合发起C with a unit net value of 3.0880, down from 3.1766, a decrease of 0.08 6. 中航机遇领航混合发起A with a unit net value of 3.1276, down from 3.2173, also decreasing by 0.08 7. 工银创业板两年定开混合A with a unit net value of 1.1204, down from 1.1518, a decrease of 0.03 8. 工银创业板两年定开混合C with a unit net value of 1.0813, down from 1.1115, decreasing by 0.03 9. 富国中证通信设备主题ETF发起式 with a unit net value of 2.2165, down from 2.2784, a decrease of 0.06 10. 富国中证通信设备主题ETF发起式 with a unit net value of 2.2213, down from 2.2833, also decreasing by 0.06 [5]. Market Analysis - The Shanghai Composite Index experienced a slight decline, while the ChiNext Index opened lower and adjusted slightly, with a trading volume of 2.54 trillion. The number of advancing stocks was 1926, while declining stocks numbered 3373 [7]. - The leading sectors included non-ferrous metals, which rose over 2%, and concepts such as storage chips and rare resources, also increasing by over 2%. Conversely, the comprehensive sector saw a decline of over 2% [7].