Hong Kong-themed funds are leading the gains within the year.

Since the beginning of this year, the performance of the Hong Kong stock market has been impressive, driving significant increases in the performance of related thematic funds. Data shows that as of July 14, among the 12,941 funds in the market, the Hong Kong thematic funds have shown outstanding performance. Among them, the CCB Principal Hong Kong Advantage Selection Fund Class A ranks first in the market with a 100% net asset value growth rate for the year, and the BOCI Hong Kong Stock Connect Healthcare Fund Class A ranks third with an 81.31% net asset value growth rate for the year. Among the top 20 funds in terms of growth rates, Hong Kong thematic funds occupy 6 positions. Several fund managers interviewed stated that the Hong Kong stock market may experience a volatile upward trend for the whole year, with distinct stages in the market operation. In the first half of the year, driven by loose liquidity, the market was more inclined to chase assets with valuation elasticity. In the second half of the year, the investment focus is expected to shift towards pro-cyclical products with stronger profit certainty.