Core Insights - The year-end ranking battle among funds has intensified, with 67 funds achieving over 100% returns year-to-date as of December 12, 2023, including 57 active equity funds [2][3] - The leading fund, Yongying Technology Smart A, has a return rate of 218%, significantly ahead of the second-place fund by over 51 percentage points, making its victory nearly certain [4] - The performance of top funds is heavily influenced by investments in sectors like computing chips and optical modules, which are considered standard in their portfolios [2][4] Fund Performance - The top-performing fund, Yongying Technology Smart A, has a cumulative return of 218%, while the second-place fund, Zhonghang Opportunity Leading A, has a return of 166.65% [4] - The competition for rankings among mid-tier funds is fierce, with several funds like Hongtu Innovation Emerging Industry A and Xin'ao Performance Driven A achieving returns above 147% [4] - The top ten funds have a performance threshold set at 136.83%, indicating a narrow margin for ranking changes in the remaining trading days [4] Market Trends - The strong performance of active equity funds this year is attributed to a combination of technology, demand, and capital, with over 95% of active equity funds achieving positive returns [6] - The computing and optical module indices have seen significant increases, with year-to-date gains of 93.83% and 172.08%, respectively [5] - The focus on technology investments is expected to continue, with a shift towards performance verification rather than speculative themes [8][9] Future Outlook - Analysts suggest that the technology sector, particularly the optical communication industry, will remain a key component of investment strategies in the coming year, driven by explosive demand and supportive macro policies [2][8] - There is a consensus that the market will transition from speculative investments to a focus on the quality of earnings growth and sustainable business models [9] - Key areas for investment include AI applications, domestic replacements, and companies with strong technological barriers and commercialization capabilities [9]

Core Viewpoint - The article discusses the intense competition among funds for year-end rankings, highlighting that as of December 12, 67 funds have achieved over 100% returns this year, with a significant focus on technology sectors such as computing chips and optical modules [3][5]. Fund Performance Summary - As of December 12, 67 funds have surpassed 100% returns, with 57 being actively managed equity funds, marking the best performance in five years [5][9]. - The top-performing fund, Yongying Technology Smart A, has a return rate of 218%, leading the second-place fund by over 51 percentage points [5][6]. - The competition for rankings is fierce among mid-tier funds, with several funds showing returns above 140%, indicating a narrow margin for potential ranking changes in the remaining trading days [6][8]. Investment Trends - The leading funds have a high concentration of investments in AI-related stocks, particularly in computing chips and optical modules, which are seen as essential components in the technology sector [8][9]. - The performance of the computing and optical module indices has been significant, with year-to-date increases of 93.83% and 172.08%, respectively [8]. Market Outlook - Analysts suggest that the technology sector's strong performance may continue into the next year, but there will be significant internal differentiation within the sector [3][10]. - The focus for investors is shifting from thematic investments to performance verification, emphasizing the importance of tracking technological advancements and profitability [12][13]. - The market is expected to favor companies with solid fundamentals, particularly in AI, pharmaceuticals, and high-end manufacturing, as these sectors are likely to see sustainable growth [13].

前十"门槛"达136.83% 年内仅剩十余个交易日，基金年终排名战的硝烟已进入最浓烈时刻！ Wind数据显示，截至12月12日，已有67只基金年内收益率突破100%，其中57只主动权益基金跻身"翻倍 俱乐部"。头部阵营中，永赢科技智选A以218%的收益率遥遥领跑，冠军宝座基本锁定。 永赢科技智选A的身后战况激烈，第三名之后的排位战更是悬念拉满，相邻名次差距甚小，终局随时可 能改写。不过，这些"尖子生"的制胜密码高度趋同，算力芯片、光模块（CPO）等标的近乎"标配"。在 当前市场震荡背景下，年内领涨的科技主线能否延续？ "光通信产业链的核心驱动力是来自下游需求的爆炸性增长，以及宏观政策与市场环境形成的有力共 振。"招商基金资深策略分析师汪洋说，今年的强势表现是技术、需求、资金共同作用的结果。明年该 板块仍将是科技投资图谱中的重要组成部分，但其内部或将显著分化。 观察这些业绩领先的基金持仓，一个显著特征是：投资组合"含科量"较高，大多重仓了人工智能相关概 念股，仅在具体席位排名与持仓比重上有所不同。尤其是算力芯片、光模块等AI产业链龙头公司，成 为这些基金的领跑"密码"。 第一财经根据三季报统计，目前主动权益基金 ...

具体来看： 如果你是高管及主要业务负责人，需将当年全部绩效薪酬的30%用于购买本公司管理的公募基金，其中权益类基金（如股票型、混合型基金）占比不低于 60%（即至少18%的绩效薪酬要买股票型/混合型基金）。 曾几何时，当投资者在震荡市中反复拼杀伤痕累累的时候，基金经理却凭借着管理费这一稳定收入，依旧享受着 "旱涝保收"的高工资待遇，即便旗下产品 净值大幅回撤、投资者损失惨重，部分基金经理仍能凭借规模优势领取高薪。这种失衡的激励机制不仅损害了投资者利益，也不利于行业的长期健康发展。 而这一情况近期有望得到改善，监管部门近日下发《基金管理公司绩效考核管理指引（征求意见稿）》，未来基金经理40%以上的绩效薪酬或需投入自购， 基金经理或与投资者实现强绑定，也就是说以后基金经理和投资者就是"一根绳上的蚂蚱"了。 而从趋势看，无论是自购金额还是参与自购的公募机构数量都呈现逐年递增的态势。而头部基金公司具备更强的长期投研实力、更完善的风控体系与更稳健 的经营能力，能够更好地适应长期考核要求，巩固竞争优势。 公募基金自购行为统计(自购次数及参与家数) 举个例子：年薪1000万的高管，得掏出300万买自家基金，其中180万得冲 ...

《每日经济新闻》记者获悉，12月5日晚间，包括信达澳亚基金、红土创新基金等在内的多家基金公司发布高管变更公告。 信达澳亚基金公告称，公司副总经理方敬即日起正式升任总经理。今年9月，信达澳亚原总经理朱永强到龄退休，方敬开始代任总经理，时隔3个月后"转 正"。 另外，红土创新基金官宣由深创投红土资管董事长何琨出任该公司董事长、法定代表人，任职日期从12月3日开始。今年6月，红土创新基金原董事长阮菲因 董事会到期换届离任，总经理冀洪涛代任董事长职务。如今何琨到任，冀洪涛也不再代任董事长一职。 根据Wind数据，今年是公募基金董事长、总经理等高管变更频率较高的一年。尤其是董事长变更人数达到104人，创下公募基金历史纪录。有业内人士分析 称，这与公募行业的发展阶段有很大关系，一方面是不少老将到龄退休，另一方面行业生态重构与多重压力的叠加也进一步推动了高管变更迭代。 方敬正式出任信达澳亚基金总经理 12月5日晚间，千亿级基金公司信达澳亚基金官宣，公司副总经理方敬升任总经理，从今天正式开始任职。 | 新任高级管理人员职务 | 总经理 | | --- | --- | | 新任高级管理人员姓名 | 方敬 | | 是否经中国证监 ...