得益于权益市场今年以来的强劲表现，相关权益基金今年以来整体收益向好。据同花顺数据，权益基金 (股票型基金、混合型基金、QDII股票型基金与混合型基金，仅统计A份额)的年内收益均值(算术平均) 为25.47%；其中约94.36%的基金今年以来的净值实现上涨，涨幅榜前列有不少为主动权益类基金。 根据同花顺数据，主动权益类基金的收益均值超过29%。其中，永赢科技智选混合发起A的净值涨幅达 到231.72%，以接近60个点的领先优势锁定年度主动权益冠军，这也是自2008年以来权益基金中首次出 现"两倍基"；中航机遇领航混合发起A、红土创新新兴产业混合A分别以172%与153%的涨幅位居二三 名。 此外，华泰柏瑞质量精选混合A、中欧数字经济混合发起A、富国创新科技混合A、广发成长领航一年 持有混合A、易方达先锋成长混合A等63只主动权益类基金净值涨幅超过100%。 【深圳商报讯】(记者詹钰叶)今年只剩下最后几个交易日，公募基金今年即将"交卷"。权益基金年内整 体收益向好，超过九成实现净值上涨；翻倍的主动权益类基金超过60只。 同花顺（300033）数据显示，截至2025年12月22日(下同)，股票型基金整体平均收益率为 ...

Core Insights - The public fund industry is witnessing a significant performance shift, with 27 funds achieving over 100% net value growth in 2025, highlighting the emergence of smaller fund management firms that are competing effectively against larger institutions [1][2]. Performance Overview - As of December 4, 2025, notable funds include Hengyue Advantage Select Mixed A with a net value growth rate of 133.39%, followed by Hongtu Innovation Emerging Industry Mixed A at 123.82%, and Kaishi Lan Leading Economy Holding Period Mixed at 102.03% [2]. - The average management scale of the 27 funds with over 100% growth is 5640.43 billion, with the largest being 25,400 billion, while 8 fund managers have a management scale below 1,000 billion, including 3 below 100 billion [2]. Fund Management Strategies - Smaller fund management firms are focusing on differentiated strategies to achieve success, with Hengyue Fund emphasizing active management and avoiding homogenization in investment strategies [3][4]. - Hongtu Innovation Fund leverages its state-owned background and venture capital expertise to capture long-term investment opportunities in emerging industries [3]. - Kaishi Fund centers its research on industry analysis, particularly in technology sectors, and integrates AI into its investment research processes [4]. Investment Focus - The high-performing funds are aligned with technology growth themes, particularly in AI, showcasing adaptability to market changes [5]. - Hengyue Fund's strategy includes focusing on sectors like smart driving and energy storage, while Hongtu Innovation Fund has concentrated on AI-related industries since 2024 [5]. - Kaishi Fund invests in leading companies with competitive advantages in sectors supported by national policies, such as AI and renewable energy [5]. Future Industry Landscape - The public fund industry is expected to evolve into a differentiated structure characterized by "large comprehensive firms" and "small specialized firms" [6]. - The core competitiveness of smaller fund management firms will hinge on niche market focus, enhanced research capabilities, and technology-driven operational efficiency [6]. - The path for smaller firms lies in concentrating resources to build unique competitive advantages rather than replicating the broad strategies of larger firms [6].