Core Insights - The public fund performance rankings for January 2026 have been released, highlighting strong returns for actively managed equity funds, which have become a focal point in the market [1] Fund Performance Summary - The top-performing actively managed equity funds for the year-to-date include: - Western Gain Strategy Optimal Mixed A with a return of 54.76% and a maximum drawdown of -3.96% [2] - Western Gain New Power Mixed A with a return of 53.95% and a maximum drawdown of -3.94% [2] - Western Gain Industry Theme Optimal Mixed A with a return of 48.43% and a maximum drawdown of -3.81% [2] - Other notable funds include GF Vision Intelligent Selection Mixed A (42.46% return) and Yinhua Tongli Selected Mixed (44.29% return) [2] Fund Manager Insights - Fund managers He Qi and Wang Ligang are frequently mentioned among the top performers. He Qi, who joined Western Gain Fund in June 2020, has made significant adjustments in the portfolio, reducing exposure to transportation and non-bank financial sectors while increasing investments in gold and precious metal resource stocks [3] - Wang Ligang has also effectively controlled drawdowns, focusing on similar sectors, particularly in gold stocks like Shandong Gold and Zijin Mining, benefiting from the sector's upward trend [3] Investment Strategies - Wang Ligang has articulated a clear investment logic, expressing a strong belief in the long-term trend of the gold sector, driven by geopolitical and economic restructuring, as well as central bank gold purchases [4] - His investment focus extends to innovative pharmaceuticals, military trade, pig farming, insurance, brokerage, aviation, and artificial intelligence, indicating a diversified approach to capitalizing on emerging opportunities in various sectors [4]

Core Insights - The article provides an overview of the latest net asset values of various funds, highlighting the top-performing and bottom-performing funds in terms of net value growth [2][4]. Fund Performance Summary Top 10 Funds by Net Value Growth - The top-performing funds include: 1. Western Gain Strategy Preferred Mixed A with a net value of 1.5440 and a growth of 8.12% 2. Western Gain Strategy Preferred Mixed C with a net value of 1.4990 and a growth of 8.07% 3. Qianhai Kaiyuan Gold and Silver Jewelry Mixed C with a net value of 3.8680 and a growth of 7.71% 4. Qianhai Kaiyuan Gold and Silver Jewelry Mixed A with a net value of 3.9580 and a growth of 7.70% 5. Wanjia Cycle Vision Stock Initiation C with a net value of 1.5608 and a growth of 7.58% 6. Wanjia Cycle Vision Stock Initiation A with a net value of 1.5628 and a growth of 7.58% 7. Yinhua Tongli Selected Mixed with a net value of 1.8505 and a growth of 7.31% 8. Western Gain New Power Mixed A with a net value of 2.8070 and a growth of 7.17% 9. Western Gain New Power Mixed C with a net value of 2.7458 and a growth of 7.17% 10. Yongying Resource Wisdom Selected Mixed A with a net value of 1.5558 and a growth of 7.11% [2][4]. Bottom 10 Funds by Net Value Growth - The bottom-performing funds include: 1. Qianhai Kaiyuan Artificial Intelligence Theme Mixed C with a net value of 1.3493 and a decline of 4.70% 2. Qianhai Kaiyuan Artificial Intelligence Theme Mixed A with a net value of 1.3547 and a decline of 4.70% 3. Galaxy and Beauty Life Mixed C with a net value of 1.6031 and a decline of 3.66% 4. Galaxy and Beauty Life Mixed A with a net value of 1.6392 and a decline of 3.65% 5. Western Gain Technology Innovation Mixed C with a net value of 1.9929 and a decline of 3.43% 6. Western Gain Technology Innovation Mixed A with a net value of 2.0099 and a decline of 3.43% 7. Furong Information Technology Mixed A with a net value of 1.1575 and a decline of 3.43% 8. Furong Information Technology Mixed C with a net value of 1.1380 and a decline of 3.43% 9. Huafu Smart City Flexible Configuration Mixed C with a net value of 1.1708 and a decline of 3.14% 10. Huafu Smart City Flexible Configuration Mixed A with a net value of 1.1794 and a decline of 3.14% [3][4]. Market Analysis - The Shanghai Composite Index opened high but closed lower, with a trading volume of 2.99 trillion. The number of rising stocks was 1,739, while declining stocks numbered 3,640, indicating a bearish market sentiment [6]. - Leading sectors included non-ferrous metals, oil, coal, building materials, and chemical fibers, all showing gains of over 2% [6]. - Conversely, sectors such as comprehensive, healthcare, aviation, and advertising packaging experienced declines of over 2% [7]. Fund Holdings and Strategy - The top holdings of the Western Gain Strategy Preferred Mixed A fund include significant positions in gold-related stocks, indicating a strategic focus on precious metals. The fund's top ten holdings account for 65.43% of its total holdings [8]. - The Qianhai Kaiyuan Artificial Intelligence Theme Mixed C fund shows a shift in holdings, suggesting a potential adjustment in strategy, as its performance does not align with its current holdings [9].

Core Insights - The article discusses the performance of certain mutual funds over the past year, particularly highlighting the West China Li De Strategy Preferred Mixed Fund A, which has underperformed the A-share market significantly [1]. Fund Performance - The West China Li De Strategy Preferred Mixed Fund A has recorded a loss of 2.05% over the past year, which is notably lower than the overall performance of the A-share market [1]. - As of September 26, the fund's year-to-date returns are -8.85% for Fund A and -9.41% for Fund C, with one-year returns of -10.33% and -10.91%, respectively, both trailing behind the average of similar funds and the CSI 300 index [1]. Management and Holdings - The fund is managed by veteran manager He Qi, who has extensive experience in the industry, having worked at various financial institutions since 2012 [3]. - The top ten holdings of the fund include major companies in the aviation and real estate sectors, such as China National Aviation, Binjiang Group, and several airlines, which have significantly impacted the fund's performance negatively [3].