Core Insights - The majority of stock and mixed funds achieved positive returns, with 86.20% reporting gains, and 248 funds exceeding a 3% return on October 20 [1][2] - The Shanghai Composite Index rose by 0.63% to close at 3863.89 points, while the Shenzhen Component Index increased by 0.98%, and the ChiNext Index saw a rise of 1.98% [1] - The top-performing sectors included telecommunications, coal, and power equipment, with respective increases of 3.21%, 3.04%, and 1.54% [1] Fund Performance - On October 20, the average net value growth rate for stock and mixed funds was 0.75%, with 248 funds achieving over 3% growth [1] - The leading fund in terms of net value growth was the Rongtong New Energy Vehicle Theme Selected A, with a growth rate of 4.80% [2] - Among the funds with over 3% growth, 145 were equity funds, 50 were index equity funds, and 31 were flexible allocation funds [2] Fund Drawdowns - A total of 29 funds experienced a net value drawdown exceeding 3%, with the largest decline recorded by the Qianhai Kaiyuan Gold and Silver Jewelry Mixed A fund at -5.63% [2][4] - Other notable drawdowns included Qianhai Kaiyuan Gold and Silver Jewelry Mixed C at -5.61% and Huafu Yongxin Flexible Allocation Mixed C at -5.50% [5]

Core Insights - The article provides an overview of the performance of various mutual funds, highlighting the top and bottom performers based on net asset value updates as of October 20, 2025 [3][4]. Fund Performance Summary Top Performing Funds - The top 10 funds with the highest net value growth include: 1. Rongtong New Energy Vehicle Theme Selected A: 2.6994 (up from 2.5757) [3] 2. Rongtong New Energy Vehicle Theme Selected C: 2.6303 (up from 2.5099) [3] 3. Huian Growth Preferred Mixed A: 2.0799 (up from 1.9847) [3] 4. Huian Growth Preferred Mixed C: 1.9519 (up from 1.8626) [3] 5. Manulife Growth Mixed: 3.3419 (up from 3.1896) [3] 6. Zhongjia Core Intelligent Manufacturing Mixed A: 1.8700 (up from 1.7852) [3] 7. Zhongjia Core Intelligent Manufacturing Mixed C: 1.8291 (up from 1.7462) [3] 8. Manulife Performance Mixed A: 2.1059 (up from 2.0108) [3] 9. Manulife Performance Mixed C: 2.0781 (up from 1.9843) [3] 10. Manulife Economic Leading Two-Year Holding Mixed: 1.1704 (up from 1.1185) [3] Bottom Performing Funds - The bottom 10 funds with the lowest net value growth include: 1. Qianhai Kaiyuan Gold and Silver Jewelry Mixed A: 2.4620 (down from 2.6090) [4] 2. Qianhai Kaiyuan Gold and Silver Jewelry Mixed C: 2.4060 (down from 2.5490) [4] 3. Huafu Yongxin Flexible Allocation Mixed C: 1.6901 (down from 1.7884) [4] 4. Huafu Yongxin Flexible Allocation Mixed A: 1.7397 (down from 1.8407) [4] 5. Wanjia Cycle Vision Stock Initiation C: 1.0294 (down from 1.0806) [4] 6. Wanjia Cycle Vision Stock Initiation A: 1.0298 (down from 1.0810) [4] 7. Yinhua Domestic Demand Selected Mixed (LOF): 3.8010 (down from 3.9700) [4] 8. Yinhua Tongli Selected Mixed: 1.2138 (down from 1.2662) [4] 9. Yinhua Growth Pioneer Mixed: 1.4650 (down from 1.5270) [4] 10. Gold Stock ETF: 1.9938 (down from 2.0742) [4] Market Overview - The Shanghai Composite Index opened high and experienced horizontal fluctuations, closing slightly up, while the ChiNext Index showed a similar trend with a slight increase [6]. - The total trading volume was 1.75 trillion (down by 200 billion from the previous trading day) [6]. - The number of advancing stocks was 4064, while declining stocks numbered 1253 [6]. - Leading sectors included communication equipment and gas supply, both rising over 3% [6].