Core Insights - The article reviews the top-performing mutual funds over the past decade, highlighting those that have reached historical highs from June 12, 2015, to January 14, 2026, during which the Shanghai Composite Index fell from 5178 to 4190 [1][4]. Group 1: Top Active Equity Funds - The top ten active equity funds are led by Dongwu Mobile Internet A, which achieved a return of 507.12% [1][5]. - Other notable funds include Huabao Resource Preferred A (335.75%), Anxin Advantage Growth A (312.98%), and Dachen New Industry A (305.01%) [1][3]. - The funds were selected based on the current fund managers having over five years of management experience [1]. Group 2: Overall Market Performance - The overall market's top ten funds include Huashang Advantage Industry A, Guotai Nasdaq 100, and Dongwu Mobile Internet A, with the latter being the only active equity fund with significant management experience [4][5]. - The analysis indicates that six of the top ten funds are Nasdaq 100 funds, suggesting a strong performance in the U.S. tech sector [6]. - The article emphasizes the importance of holding onto high-performing funds and trusting the fund managers to maximize returns [6].

Core Viewpoint - The A-share market reached a nearly 10-year high on August 18, with the Shanghai Composite Index rising 0.85% to close at 3728.03 points, and the total market capitalization of A-shares exceeding 100 trillion yuan for the first time in history [1][2]. Market Performance - Multiple indices hit recent highs, including the North Star 50 and the Shenzhen Component Index, which surpassed their previous peaks from October 8 of the previous year [2]. - As of August 18, 1154 active equity funds that have been established for over 10 years were analyzed, with 280 funds (approximately 24%) achieving a net value increase of over 100% in the past decade [2][6]. Fund Performance - Three funds reported returns exceeding 400% over the past ten years: Huashang New Trend Preferred (471.24%), Jiao Yin Trend Priority A (432.28%), and Huashang Advantage Industry (430.82%) [2][5]. - Additionally, 11 funds returned over 300%, 49 funds over 200%, and 272 funds doubled their net value [1][2]. Fund Management Insights - The two top-performing funds, Huashang New Trend Preferred and Huashang Advantage Industry, were previously managed by renowned fund manager Zhou Haidong, indicating a legacy of strong performance [4]. - Jiao Yin Trend Priority A has been managed by five different fund managers since its inception, with the current manager, Yang Jinjing, achieving a return of 186.78% since May 2020 [5]. Performance Disparity - Despite the strong performance of many funds, there is a notable disparity, with 96 funds (about 10%) experiencing losses over the past decade, including three funds with losses exceeding 50% [6][9]. - The fund with the largest loss, Founder Fubon Innovation Power A, has seen a decline of 60% since its inception, reflecting the challenges faced by some funds in the market [9].