Layout heat returns, active equity funds regain the upper hand.

Since the fourth quarter, the high-level volatile market environment has provided a stage for flexible active equity funds to perform. The Tai Xin Development Theme and other active equity funds have strong leadership and their performance is significantly better than passive index products. Since November, the number of reports for equity and mixed funds has exceeded index products, and the well-known active equity fund manager Ruiyuan Fund has reported public offering products for the first time this year. Whether in terms of performance or new products, active funds are once again taking the lead. In the industry's view, the return of enthusiasm for active equity fund layouts is based on market choices. In a rotational and differentiated structural market, active equity funds can more flexibly capture opportunities in specific sub-sectors and generate alpha returns beyond the index. On the other hand, due to the large number of passive equity products issued earlier and rapid growth in scale, choosing to issue active equity products may also be a business balance for fund managers.