据了解，在上述年内净值增长居前的产品中，不乏近两年新成立的基金产品。这类产品除业绩表现较好外，规模也实现快 速增长，体现较强市场适应性。例如，华夏数字产业A成立于2024年3月份，年内的净值增长率为124.85%；永赢睿恒A成立于 2024年12月份，年内的净值增长率为117.27%。 对于今年多只公募基金业绩表现优异、规模持续走高，有分析人士认为，基本面主要在于中国经济向好，A股市场交投情 绪乐观，资金流向科技和通信设备板块，带动相关基金净值上升。同时，基金经理有效捕捉行业轮动机会，策略与市场风格匹 配度高，精准布局高增长科技股。此外，投资者风险偏好也有所增强，更倾向申购高增长主题基金，相关基金的规模扩张也印 证资金集中度提升。 本报记者 王宁 临近年末，公募基金年度业绩排位进入关键期。Wind资讯数据显示，截至12月24日，年内已有141只公募基金产品（A/C 分开统计）的净值增长超过100%，其中有2只产品的净值增长更是超过200%，最高为233%。从主题分类来看，净值增长居前 的产品中，科技主题基金回报较为显著。例如永赢科技智选A、大成科技创新A和富国创新科技A等产品净值增长，在年内业绩 排名中均处于 ...

Core Viewpoint - The A-share market is experiencing a significant style divergence, with technology and healthcare sectors facing adjustments while dividend assets like brokerage and banking ETFs are gaining traction [1][5][6] Market Performance - As of November 7, 41 funds have seen over 100% growth year-to-date, a decrease from 53 at the end of Q3, indicating a shift in the "doubling fund" landscape due to sector pullbacks [2] - The healthcare sector, particularly funds like Zhongyin Hong Kong Stock Connect Medical A, has seen a net value drop of 14.87% in Q4, with annual returns falling below 80% [2][3] - The technology sector has also faced volatility, with the AI index dropping 4.6% in Q4, and sub-sectors like optical modules experiencing a maximum drawdown of 14.12% [2][3] Fund Manager Strategies - Fund managers are adjusting their strategies, with some reducing positions in high-flying growth sectors due to high valuations and short-term risks [3][4] - There is a notable shift towards balancing portfolios by increasing exposure to sectors that are less correlated with technology, aiming to mitigate risks [3][4] Capital Flows - The dividend index has risen by 7.86% since Q4, outperforming the Shanghai Composite Index, which has seen less than 3% growth [5][6] - Significant capital inflows have been observed in brokerage and banking ETFs, with over 250 billion yuan flowing into these sectors, contrasting with over 5 billion yuan outflows from technology-focused ETFs [5][6] Market Sentiment and Future Outlook - The market is currently characterized by a cautious sentiment, with investors wary of high valuations in the technology sector and potential policy shifts impacting market dynamics [6][7] - Analysts suggest that the current style divergence may be a necessary phase of market rebalancing, with technology stocks expected to enter a range-bound trading phase [6][7]