No Data
Packed with insights! Key perspectives from the 2026 Fund Strategy Meeting have arrived.
Ma Lei from Huitianfu Fund, Xia Haoyang from Guangfa Fund, and Yang Zhengwang from E Fund shared their latest insights.
2025 Active Equity Success Rate Ranking for Public Fund Managers: Leading Firms Demonstrate Strength, Smaller Players Break Through
①Among the public fund managers who outperformed the industry average by a significant margin last year, products under leading firms such as Fuguo were relatively numerous. However, it was also observed that multiple products from non-leading companies like Huashang and Changcheng surpassed the benchmark; ②Similarly, funds that doubled in value included instances of smaller firms overtaking larger ones, such as Baoyin, Anxin, and Hongtu Innovation, where emerging-generation fund managers accounted for all of their company’s actively managed equity funds that doubled in value.
The number of funds issued in 2025 hit a four-year high, but why did the scale decline slightly?
① In 2025, a total of 1,673 newly established public mutual funds were launched, reaching a four-year high. The total initial fundraising scale amounted to 1.16 trillion yuan, representing a slight decline compared to 2024; ② Throughout the year, 848 equity funds were established, accounting for more than 50% of the total number of new funds; ③ The top ten fund management companies in terms of total new fundraising scale collectively raised 386.952 billion yuan, representing 33.35% of the entire market.
Express News | The abbreviations of 17 ETFs under Huitianfu have been adjusted.
ETF Midday Review | CPO Sector Continues to Lead Gains, 5G50ETF and 5GETF Rise Over 3%
Gelonghui, December 9th | As of the midday closing, the Shanghai Composite Index fell by 0.13%, the Shenzhen Component Index rose by 0.09%, the ChiNext Index increased by 1.07%, and the Beijing Stock Exchange 50 Index dropped by 1.1%. The total market turnover reached 1.26 trillion yuan, representing a decrease of 35.3 billion yuan compared to the previous day's turnover. In terms of market performance, the computing power hardware industry chain remained highly active, with the CPO sector leading the gains as InnoLight Technology hit a new high; printed circuit boards (PCBs), high-speed copper interconnects, and consumer electronics concepts also posted notable increases. On the downside, non-ferrous metals, real estate, coal, and brokerage sectors were among the top decliners. Regarding ETFs, the AI hardware sector continued to lead, with Bosera Funds' 5G50 ETF and YinHua Fund’s 5GETF performing strongly alongside the ChiNext.
ETF Market Review | Cross-border ETFs Lead Gains, with Nasdaq Technology ETF, Nasdaq 100 ETF, and Nasdaq Biotech ETF Up 2%.
Gelonghui December 3 | The three major A-share indices collectively adjusted today. As of the close, the Shanghai Composite Index fell by 0.51%, the Shenzhen Component Index dropped by 0.78%, and the ChiNext Index declined by 1.12%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets reached RMB 1.6836 trillion, an increase of RMB 76.3 billion compared to the previous day. More than 3,800 stocks in the entire market fell. In terms of sector performance, industries such as lab-grown diamonds, coal mining and processing, wind power equipment, traditional Chinese medicine, airport and shipping, industrial metals, and diversified finance ranked among the top gainers. Meanwhile, AI application sectors such as Zhipu AI, cultural media, CloudClass, and short-form gaming experienced significant declines. Regarding ETFs, cross-border ETFs led the gains, with Invesco...