写在文章前的声明：在本文之前的说明：本文中所列的投资信息，只是一个对基金资产净值进行排行的客观描述，并无主观倾向性，也不是投资建议，纯属 娱乐性质。 一顿操作猛如虎，基金净值已更新，谁是基金中的王者，谁又垫底，请看数据： 基金策略分析：上证指数低开低走单边下行中阴报收，创业板走势一致但没有留下跳空缺口中阴报收，成交额是1.74万亿，个股涨跌家数比1091：4302，涨 跌停个股比46：36。 领涨行业：公共交通、酒店餐饮涨幅逾2%； 领涨概念：免税概念涨幅逾1%。 领跌行业：矿物制品、船舶跌幅逾3%。 | 基金简称 PK | | | 最新净信息 引导参展 原因人 | | | --- | --- | --- | --- | --- | | 1 | 东财景气成... C 0.6916 018189 | 2025-12-16 | 1.90% | ਕੇ | | 2 | 东财景气成...A 018188 | 0.7031 2025-12-16 | 1.90% | 2 | | 3 | 格林创新成 ... 0.7161 | | 1.78% | 8 | | | 007533 | 2025-12-16 | | | | 4 | ...

同花顺数据（数据截至12月9日，下同）显示，同台基金旗下十余只主动权益类基金（仅统计A份额）中，绝大多数今年以来取得正收益，多数净值涨幅跑 赢同期基准收益率。不过，最近三年的收益情况方面，公司旗下主动权益类基金中有半数产品净值出现下跌，9只产品跑输同期基准收益率。 具体来看，同泰开泰混合A最近三年净值跌幅超过28%，跑输同期基准近41个百分点；同泰慧盈混合A最近三年净值跌逾13%，跑输同期基准近27个百分 点。这两只基金目前由王秀管理，前者2023年上半年、2024年上半年的基金加权平均净值利润率为负，2025年上半年为正；后者同期（最近三年）的基金加 权平均净值利润率均为负。 值得注意的是，她的基金经理累计任职时间为1年又315天，而上述产品的前任基金经理杨喆在2024年跳槽至信达澳亚基金。对于以上业绩，杨喆的责任或许 更大：同花顺数据显示，自2024年1月30日至今（即王秀接管日至今），与同期基准相比，同泰开泰混合A跑赢近7个百分点，同泰慧盈混合A跑赢近3个百分 点。 深圳商报·读创客户端记者 詹钰叶 中国证券投资基金业协会日前修订形成了《基金管理公司绩效考核管理指引（征求意见稿）》（下称《指引》），主动 ...

Core Insights - The report highlights the growth in equity fund sizes and emphasizes the technology sector as a core investment area for the 2025 fund [1][3] Fund Performance Summary - The total size of the funds managed by Tongtai has shown significant changes, with Tongtai Digital Economy A increasing by 0.94 billion to a total of 2.45 billion, and Tongtai Industrial Upgrade A rising by 2.95 billion to 4.39 billion [2] - Tongtai Industrial Upgrade A achieved a return of 30.65% in Q3, while Tongtai Kaitai A experienced a slight decline of 0.17% [2][3] Investment Strategy and Market Analysis - The fund manager Wang Xiu noted that macroeconomic factors such as the Federal Reserve's interest rate cuts and domestic policies have boosted market confidence and A-share activity [3] - The investment focus for Tongtai Industrial Upgrade A is on the humanoid robot sector, with top holdings including Dongjie Intelligent and Horizon Robotics, which collectively account for over 18% of the fund [3][4] - For Q4, there is optimism regarding the humanoid robot industry, driven by upcoming events such as Tesla's shareholder meeting and the release of Optimus 3 [6][10] Fund Composition and Holdings - Tongtai Kaitai A is primarily invested in stocks listed on the Beijing Stock Exchange, with major holdings including Lintai New Materials and Audiwei [8][9] - The total market value of the top ten holdings in Tongtai Industrial Upgrade A is approximately 243.49 million [4] Future Outlook - The report indicates that the North Exchange is expected to see accelerated high-quality expansion, which may enhance market sentiment and liquidity [10] - The performance of both funds will be influenced by the sustainability of the catalyst effects in the robot industry and the realization of institutional benefits from the North Exchange [15]

Core Insights - The third quarter reports of the 2025 funds indicate a growth in equity scale, with a focus on technology sectors as a "core position" [1] Fund Performance Summary - The fund managed by Wang Xiu, Tongtai Industrial Upgrade Mixed A, achieved a return of 30.65% in Q3, while Tongtai Kaitai Mixed A experienced a slight decline of 0.17% [3][4] - As of the end of Q3, Tongtai Industrial Upgrade Mixed A had a total scale of 4.39 billion yuan, increasing by 123.24% from the previous quarter, while Tongtai Kaitai Mixed A's scale was 0.86 billion yuan, decreasing by 51.54% [4] Investment Strategy and Focus - Tongtai Industrial Upgrade Mixed A is heavily invested in the robotics industry, with top holdings including Dongjie Intelligent and Horizon Robotics, which collectively account for over 18% of the fund [4][5] - The fund manager expressed optimism for Q4, citing upcoming events such as the Tesla shareholder meeting and the release of Optimus 3, which are expected to catalyze the robotics sector [7][11] Market Context and Trends - The report highlights a favorable macroeconomic environment, including the Federal Reserve's interest rate cuts and the narrowing of the M1-M2 gap, which have boosted market confidence and A-share activity [2][4] - The North Exchange is expected to see accelerated high-quality expansion, with new listings and a potential increase in passive fund allocations, which could enhance market liquidity [11][15] Risk and Volatility - Tongtai Industrial Upgrade Mixed A has shown high elasticity with a maximum six-month return of 60.86%, indicating potential volatility [11][13] - Tongtai Kaitai Mixed A has a historical maximum six-month return of 116.78% but also a worst return of -40.97%, reflecting the inherent risks in North Exchange investments [13][15]

Group 1 - The article highlights the top 10 open-end funds with the highest net value growth as of September 23, 2025, with a focus on semiconductor-related funds [2][4][7] - The leading fund is the E Fund Zhongzheng Semiconductor Materials and Equipment Theme ETF, with a unit net value of 1.6446, showing an increase from 1.5646 on September 22, 2025, representing a growth of approximately 5.1% [2][4] - Other notable funds include the Guotai Zhongzheng Semiconductor Materials and Equipment Theme ETF and the Nuon High-end Manufacturing Stock A, with respective net values of 1.4080 and 1.9950, reflecting significant growth in the semiconductor sector [2][4][7] Group 2 - The article also lists the bottom 10 funds in terms of net value growth, with the Xinhua Jingcheng Mixed C fund at the bottom, showing a decrease from 1.1841 to 1.1410, a decline of about 3.5% [4][5] - The overall market performance indicates a mixed trend, with the Shanghai Composite Index experiencing a slight decline while the ChiNext Index showed a minor recovery [7] - The article notes that the semiconductor industry is currently a strong performer, with several funds in this sector outperforming the market [7][8]