Structural market trends continue to evolve, with a near 150 percentage point difference in fund performance at the beginning and end of the year.

Data shows that as of August 6, the average return of actively managed equity funds this year is 15.1%, with over 500 such funds reaching a new high in net asset value. Among them, 127 funds have achieved returns of over 50% so far this year, with 23 funds exceeding 80% and 6 funds doubling in net asset value. At the same time, more than 50 equity funds have seen a decline in net asset value of over 5% this year, with the worst-performing fund falling by 18.38%. In the volatile and differentiated market this year, public funds have shown varying performances, with an almost 150 percentage point difference between the best and worst performing actively managed equity funds. The top performer has a return of nearly 130% while the laggard has a decline of over 18%. In terms of performance attribution, leading funds have mostly seized investment opportunities in innovative drugs, technology, and new consumer sectors. In terms of fund flows, high-performing funds are seeing restrictions on new purchases, while new funds are attracting attention and funds.