证券之星消息，2025年10月25日，恒越智选科技混合（019257）发布公告，增聘吴海宁为基金经理，任职日期自2025年10月25日起，变更后恒越 智选科技混合（019257）的基金经理为杨藻,吴海宁。截止2025年10月24日，恒越智选科技混合净值为1.2581，较上一日上涨3.14%，近一年上涨 11.87%。 相关ETF 食品饮料ETF (产品代码: 515170) ★ 跟踪：中证细分食品饮料产业主题指数 吴海宁女士：中国国籍，研究生、硕士。曾任江苏瑞华投资控股集团有限公司研究员、西南证券股份有限公司研究员、上海混沌投资(集团)有限 公司研究员、上海钦沐资产管理合伙企业(有限合伙)投资经理。2023年2月加入恒越基金。2023年04月07日起任恒越优势精选混合型发起式证券投 资基金基金经理、恒越品质生活混合型发起式证券投资基金基金经理。 其管理过的公募基金如下: | 基金代码 | 基金名称 | 规模 (亿元) | 任职时间 | 任职回报 | | --- | --- | --- | --- | --- | | 011815 | 恒越优势精选混合 | | 0.99 2023-04-07~至今 | 65.7 ...

Core Insights - The article provides a ranking of open-end funds based on their net asset value growth as of October 16, 2025, highlighting the top-performing funds in the market [2][4]. Fund Performance Summary - The top 10 funds by net value growth include: 1. Yongying Pioneer Semiconductor Select Mixed Fund A: 1.2371 (up from 1.1685, +0.06) 2. Yongying Pioneer Semiconductor Select Mixed Fund C: 1.2366 (up from 1.1681, +0.06) 3. Dongfang Alpha Technology Select Mixed Fund C: 0.9909 (up from 0.9541, +0.03) 4. Dongfang Alpha Technology Select Mixed Fund A: 0.9909 (up from 0.9542, +0.03) 5. Hengyue Advantage Select Mixed Fund: 1.3030 (up from 1.2633, +0.03) 6. GF Pharmaceutical Innovation Mixed Fund A: 1.4145 (up from 1.3737, +0.04) 7. GF Pharmaceutical Innovation Mixed Fund C: 1.3963 (up from 1.3561, +0.04) 8. Yongying Rong'an Mixed Fund A: 1.9310 (up from 1.8757, +0.05) 9. Yongying Rong'an Mixed Fund C: 1.9180 (up from 1.8631, +0.05) 10. Guotai Zhongzheng Coal ETF: 1.1781 (up from 1.1453, +0.03) [2][4]. Market Overview - As of October 16, 2025, a total of 28,969 funds have updated their net values, indicating a competitive landscape in the fund market [3]. - The Shanghai Composite Index opened lower but showed slight gains, while the ChiNext Index experienced fluctuations, closing with a small increase. The total trading volume reached 1.94 trillion [7]. Sector Performance - Leading sectors included coal and insurance, both showing gains of over 3%, while multi-financial, non-ferrous metals, steel, and advertising packaging sectors declined by over 2% [7].

Core Viewpoint - The A-share market is experiencing a short-term correction due to U.S.-China tariff news, but the long-term upward trend remains intact, providing good investment opportunities for long-term investors [1][3][4]. Market Performance - On October 13, the Shanghai Composite Index fell by 0.19% to 3889.5 points, while the Shenzhen Component and ChiNext Index dropped by 0.93% and 1.11%, closing at 13231.47 points and 3078.76 points respectively [3][4]. - Year-to-date, the Shanghai Composite Index has increased by 16.04%, with the Shenzhen Component and ChiNext Index rising by 27.05% and 43.76% respectively [6]. Fund Performance - The average return of actively managed equity funds has exceeded 30% year-to-date, with over 40 funds achieving "doubling" returns [5][6]. - Notable funds include Yongying Technology Select Mixed A/C with a return of 187.86%, and China Europe Digital Economy Mixed A/C with returns of 132.39% [6][7]. Investment Strategy - Analysts suggest that the current market correction is a technical adjustment, providing a good opportunity for long-term investors to enter the market through systematic investment plans [4][9]. - It is recommended that investors maintain a neutral position and avoid excessive concentration in equity assets, while focusing on high-quality funds with stable long-term performance [9].

Group 1 - A number of actively managed equity mutual funds have shown strong performance in 2023, with 44 funds achieving a net value growth rate exceeding 100% year-to-date as of September 12 [1] - Among the actively managed mixed equity funds, 23 funds have doubled their returns when combining A/C share classes, with notable performance from smaller fund companies like Hengyue Fund and AVIC Fund [1] - The Hengyue Advantage Select Mixed Fund has achieved a net value growth rate of 100.27% year-to-date, ranking first among its peers, and has seen a remarkable rebound of 155.47% over the past year [1] Group 2 - The current fund manager of Hengyue Advantage Select Mixed Fund, Wu Haining, maintains a positive outlook on investment themes such as AI computing power, semiconductor localization, and military industry [2] - Wu Haining notes that 2023 marks the third year of "AI narrative" development, with significant non-linear changes in the industry, including exponential growth in AI inference in North America and increasing capital expenditures from overseas tech giants [2] - The fund aims to accompany and support the growth of outstanding companies in China that are poised to seize historic opportunities in the AI era, thereby generating excess returns [2]

Group 1 - The core viewpoint of the article highlights the recent research conducted by Hengyue Fund on a listed company, specifically focusing on the performance and future prospects of Jiaokong Technology [1] - The market for urban rail signal system renovation projects is expected to grow significantly, with the proportion of such projects increasing from 6.75% in 2023 to 30.56% in 2024, indicating a shift towards a balanced approach between renovation and new construction projects over the next 3-5 years [1] - Jiaokong Technology has successfully stabilized operations in the Hanoi project and is currently delivering the Hong Kong Disneyland line project, while also expanding into South America, Australia, and Southeast Asia [1] Group 2 - The company has launched the Zhuque platform for low-altitude operations, leveraging its expertise in rail transit technology, with expected revenue recognition of 3.22 million yuan in the first half of 2025 and new contract amounts totaling 11.725 million yuan, focusing on non-exposed space drone applications [1] - An increase in accounts receivable is considered normal, with customer payments being secure, and the gross profit margin is expected to maintain reasonable fluctuations due to project structure impacts [1] Group 3 - Hengyue Fund, established in 2017, currently manages a total asset scale of 3.323 billion yuan, ranking 163 out of 210 in public fund management, and 3.321 billion yuan in non-monetary public funds, ranking 141 out of 210 [1] - The fund manages 28 public funds, ranking 125 out of 210, with 10 public fund managers, ranking 108 out of 210, and its best-performing public fund product in the past year, Hengyue Advantage Selected Mixed Fund, has a latest net value of 1.11, showing a growth of 126.12% over the past year [1]

Group 1 - Kangxi Communication is expected to see an increase in overseas order volume in Europe and South Asia by the second half of 2025, with gross margins for overseas products significantly higher than domestic ones [1] - The demand for drone products in the low-altitude economy is strong, with the company planning to conduct R&D in 2024 and sample delivery in 2025, having already secured bulk orders [1] - The company's cash flow situation is healthy, and with increasing sales revenue and improved accounts receivable management, operating net cash flow is expected to become even healthier [1] Group 2 - Shenzhen Chip Zhongxin, a strategic investment by the company, is projected to achieve a net profit of over 16 million yuan in 2024, with a single-quarter net profit exceeding 12 million yuan in the first quarter of 2025 [1] - The introduction of Wi-Fi 7 is anticipated to enhance overall gross margins for the company, although price reductions in Wi-Fi 6 products may partially offset this; the company plans to adopt a multi-faceted approach to continuously improve product gross margin levels [1]