公募基金方面本期较上一季度持股减少的公募基金共计4个，包括永赢先进制造智选混合发起A、鹏华 碳中和主题混合A、华商润丰混合A、融通逆向策略灵活配置混合A，持股减少占比达1.61%。本期较上 一季度新披露的公募基金共计13个，主要包括南方中证1000ETF、融通互联网传媒灵活配置混合、融通 新能源灵活配置混合A/B、南华丰淳混合A、融通明锐混合A等。本期较上一季未再披露的公募基金共 计44个，主要包括华商元亨混合A、长安成长优选混合A、华安逆向策略混合A、海富通股票混合、华 安研究智选混合A等。 外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比达0.57%。 2025年8月28日，兆威机电(003021.SZ)发布2025年半年度报告。截至2025年8月27日，共有37个机构投 资者披露持有兆威机电A股股份，合计持股量达1.20亿股，占兆威机电总股本的49.95%。其中，前十大 机构投资者包括深圳前海兆威金融控股有限公司、共青城清墨创业投资合伙企业(有限合伙)、共青城聚 兆德投资管理合伙企业(有限合伙)、招商银行股份有限公司-鹏华碳中和主题混合型证券投资基金、香港 ...

8月25日，苏新基金发布公告称，任命李永兴为公司副总经理。值得注意的是，李永兴此前是永赢基金的副总经理。要知道，永赢基金可是一家规模超 5000亿的大型公募，而苏新基金规模则不足200亿的小型公募。所以，李永兴为何跳槽到苏新基金？ | 基金管理人名称 | 苏新基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》《证 | | | 券基金经营机构董事、监事、高级管理人员及从 | | | 业人员监督管理办法》等 | | 高管变更类型 | 新任基金管理公司副总经理 | | 新任高级管理人员职务 | 副总经理 | | --- | --- | | 新任高级管理人员姓名 | 李永兴 | | 任职日期 | 2025-08-25 | | 过往从业经历 | 2006年7月进入交银施罗德基金管理有限公司工作,先后任 | | | 研究员、基金经理助理、基金经理。2015年11月起任九泰 | | | 基金管理有限公司投资总监。2017年6月起任永赢基金管理 | | | 有限公司总经理助理、基金经理,2018年10月起任永赢基 | | | 金管理有限公司副总经理、基金经理,其中,2 ...

Group 1 - Zhongjian Technology (002779.SZ) released its semi-annual report for 2025 on August 23, 2025, indicating that as of August 22, 2025, 18 institutional investors disclosed holdings in Zhongjian Technology A-shares, totaling 73.539 million shares, which accounts for 39.79% of the total share capital [1] - The top ten institutional investors include Zhongjian Electromechanical Group Co., Ltd., China Merchants Bank Co., Ltd. - Penghua Carbon Neutral Theme Mixed Securities Investment Fund, and others, with a combined holding ratio of 39.35%, reflecting an increase of 0.96 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, five public funds increased their holdings compared to the previous period, including Penghua Carbon Neutral Theme Mixed A and Morgan Dynamic Selection Mixed A, with an increase ratio of 1.18% [2] - Two public funds decreased their holdings compared to the previous quarter, including Huatai-PB Quality Growth Mixed A and Huatai-PB Quality Selected Mixed A, showing a slight decline [2] - Eight new public funds were disclosed this period, mainly including Morgan Emerging Power Mixed A and others, while seven public funds were not disclosed this period, including Yongying Advanced Manufacturing Smart Selection Mixed A and others [2]

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。 | 排名 | 代码 | 基金简称 | 2025-08-19 | | 2025-08-18 | | 12 11 5 € | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 車位净值3 | 累计净值3 | 車位净值8 | 累计净值3 | | | 1 | 018124 | 永赢先进制造智选混合发起A | 2.2009 | 2.2009 | 2.1183 | 2.1183 | 0.08 | | 2 | 018125 | 永赢先进制造智选混合发起C | 2.1814 | 2.1814 | 2.0996 | 2.0996 | 0.08 | | 3 | 515880 | 国泰中证全指通信设备ETF | 2.1083 | 2.1083 | 2.0296 | 2.0296 | 0.07 | | 4 | 015828 | 永赢新能源智选混合发起A | 0.4356 | 0.4356 | 0.4202 | 0.420 ...

Market Overview - The market has recently experienced an upward trend, reaching 3500 points, with active trading volumes around 1.5 trillion [1] - The technology growth sector has shown greater elasticity, with frequent rotation of market hotspots [1] Fund Performance - Active equity funds have outperformed index funds, with several funds showing remarkable performance [1] - A list of funds that have doubled in value over the past year has been compiled, focusing on active equity funds [2] Notable Funds - **Zhongou Digital Economy Mixed Fund A**: Achieved a daily increase of 7.02%, entering the "doubling fund" category, driven by Nvidia's approval to export H20 chips [3] - **Yongying Advanced Manufacturing Smart Selection Mixed Fund A**: Focuses on AI infrastructure and applications, with a high concentration in the AI sector [5] - **Ping An Advanced Manufacturing Theme Stock Fund A**: Managed by a former traditional automotive engineer, showing a diversified portfolio across various sectors [6] - **Zhonghang Trend Navigation Mixed Fund A**: Also emphasizes investment in the robotics industry, with a focus on machine learning and AI applications [7] Fund Holdings - **Zhongou Digital Economy Mixed Fund A**: Major holdings include Zhongji Xuchuang, with a 10.18% allocation, and other tech stocks [4] - **Ping An Advanced Manufacturing Theme Stock Fund A**: The top ten holdings account for only 36.90% of the portfolio, indicating a diversified approach [6] - **Zhonghang Trend Navigation Mixed Fund A**: Similar to other funds, it has a strong focus on the robotics sector, awaiting further updates from the second quarter report [7] Future Outlook - Fund managers express confidence in the potential of Chinese companies in the global AI landscape, anticipating significant innovations in core technologies [5]

Core Viewpoint - The article provides an analysis of the performance of fund managers managing over 100 billion yuan in assets, highlighting their average returns in the first half of 2025 across different fund types, including stock, mixed, and bond funds [3][4][10]. Group 1: Stock Fund Managers - There are 139 stock fund managers with a total management scale exceeding 5.21 trillion yuan, achieving an average return of 4.34% in the first half of 2025, with 76.98% of them reporting positive returns [4][5]. - The top-performing stock fund managers include Zhang Lu from Yongying Fund, who achieved a return of 32.14% with a management scale of 127.69 billion yuan [7][8]. - Other notable managers include Tian Ximeng from Fuquan Fund, with a return of 23.51% and a management scale of 536.01 billion yuan [9]. Group 2: Mixed Fund Managers - There are 68 mixed fund managers managing over 1.84 trillion yuan, with an average return of 2.20% in the first half of 2025 [10][11]. - The top mixed fund manager is Zheng Lei from Huatai-PB Fund, achieving a return of 21.69% with a management scale of 117.20 billion yuan [12][13]. - Other top performers include Wan Qiong from Bosera Fund, with a return of 12.55% and a management scale of 506.10 billion yuan [15]. Group 3: Bond Fund Managers - A total of 425 bond fund managers manage over 12.36 trillion yuan, with an average return of 1.08% in the first half of 2025 [17]. - The leading bond fund manager is Guo Jun from Bosera Fund, achieving a return of 7.59% with a management scale of 458.39 billion yuan [19][20]. - Liu Wenliang from Southern Fund follows with a return of 5.15% and a management scale of 107.26 billion yuan [22].

Core Viewpoint - The micro-cap stock index has shown strong performance this year, consistently outperforming other mainstream broad-based indices since 2010, with the exception of 2017 and 2020 [3][5]. Group 1: Micro-Cap Fund Performance - As of June 17, there are 240 micro-cap style funds, with an average return of 26.26% over the past year, significantly higher than the average return of 7.67% for 23,629 other funds during the same period [5]. - The average return for actively managed micro-cap funds is 28.73%, with 91.84% of these funds achieving positive returns [6]. - The North Exchange theme funds have performed particularly well, with the North Exchange 50 index rising over 80% in the past year [7]. Group 2: Top Performing Micro-Cap Funds - The top three actively managed micro-cap funds in terms of return over the past year are: 1. CITIC Construction North Exchange Selected Two-Year Open Mixed A (016303) with a return of 169.51% [8][10]. 2. Jingshun Longcheng North Exchange Selected Two-Year Open Mixed A (016307) with a return of 98.44% [8]. 3. Yongying Advanced Manufacturing Smart Selection Mixed Initiation A (018124) with a return of 89.79% [8]. Group 3: Index Fund Performance - Among the 57 micro-cap index funds, the average return over the past year is 28.08%, with only three funds showing negative returns, resulting in a positive return rate of 94.74% [14]. - The top three passive micro-cap funds based on return over the past year are: 1. Huatai-PB CSI 2000 Index Enhanced A (019923) with a return of 55.54% [15][17]. 2. CSI 2000 ETF Huaxia (562660) with a return of 49.42% [18]. 3. 2000 Enhanced ETF (159555) with a return of 47.83% [15].

Core Insights - The competition among actively managed equity funds is intense as the half-year performance deadline approaches, with significant fluctuations in rankings among fund managers [1][2]. Fund Performance Summary - As of May 19, the top three actively managed equity funds by year-to-date returns are: - 华夏北交所精选两年定开混合发起式 with a return of 73.01% [2][4] - 中信建投北交所精选两年定开混合A with a return of 69.43% [2][4] - 鹏华碳中和主题混合A with a return of 63.09% [2][4] Market Trends - The top-performing funds include two focused on the North Exchange theme and one heavily invested in the robotics sector, indicating a strong market interest in these areas [3][5]. - The year-to-date performance rankings show that four of the top ten funds are North Exchange theme funds, highlighting their popularity [4]. Sector Focus - Several top-performing funds are heavily invested in the robotics sector, with notable holdings in companies like 中大力德 [5]. - Additionally, two funds with significant investments in consumer stocks have also made it to the top ten, showcasing a diverse investment strategy among successful funds [5][7].

Core Viewpoint - In the first four months of this year, 53.6% of the 8309 comparable mixed funds in the market experienced an increase in net value, with notable performances from specific funds focused on new energy and advanced manufacturing sectors [1][2]. Fund Performance Summary - Among the mixed funds, 13 funds achieved a return exceeding 50%, with Penghua Carbon Neutral Theme Mixed A and C leading at 64.87% and 64.55% respectively [1][2]. - The total scale of Penghua Carbon Neutral Theme Mixed A and C reached 10.897 billion yuan as of March 31, 2025 [1]. - The top ten holdings of Penghua Carbon Neutral Theme Mixed funds include companies in the photovoltaic and lithium battery sectors [2][3]. Advanced Manufacturing Focus - Yongying Advanced Manufacturing Select Mixed A and C also performed well, with returns of 57.67% and 57.46% respectively, and a total scale of 11.518 billion yuan [2][3]. - These funds focus on the humanoid robot industry, with significant investments in companies like Beite Technology and Zhejiang Rongtai [3]. Declining Funds - On the downside, 12 mixed funds saw declines exceeding 20%, primarily from Caitong Fund Management, with the worst performers being Caitong Craftsmanship Preferred One-Year Holding Period Mixed A and C, which dropped by 24.97% and 24.77% respectively [3][4]. - The main holdings of these underperforming funds included major tech companies such as Tencent and Cambricon [4].

Core Viewpoint - The recent growth of certain equity funds by billions is notable, especially in the context of a generally poor performance in equity investments over recent years. This contrasts sharply with the booming market four years ago when new fund issuances often exceeded hundreds of billions [1]. Group 1: Fund Company Scale - As of April 25, the number of public fund companies in China has reached 200, with seven companies in the "trillion yuan club," including E Fund, Huaxia, and GF Fund, among others [1]. - The top 20 public fund companies by total assets have a minimum threshold of over 600 billion yuan [2]. Group 2: Non-Money Market Fund Scale - The top five companies by non-money market fund scale are E Fund (1.36 trillion yuan), Huaxia (1.19 trillion yuan), GF Fund (0.79 trillion yuan), and others, indicating a significant variation in rankings compared to total asset rankings [3][4]. - Among the top 20 companies, 19 have non-money market fund scales exceeding 300 billion yuan, with only one company, Xingzheng Global Fund, below this threshold [4]. Group 3: Non-Money Market Fund Proportion - The top five companies by non-money market fund proportion are Huatai-PB (90.15%), Jingshun Great Wall (70.14%), and others, highlighting a shift in focus towards non-money market assets [6][7]. - All top 20 companies have a non-money market fund proportion above 50%, indicating a strong emphasis on these assets among leading fund companies [7]. Group 4: Recent Performance of Fund Products - The analysis of fund performance over the past six months shows that the top-performing products are diversified across various themes, including artificial intelligence, North Exchange-listed companies, and gold ETFs [9][10][13]. - The top five products by performance include E Fund's advanced manufacturing fund with a return of 93.74%, and Penghua's carbon neutrality fund with 87.67% [9].