Since the sharp rally that began at the end of September, investment funds linked to the North China Securities 50 Index have seen remarkable performanceFor instance, as of November 5, the Huaan North Securities 50 Index A, which was established on August 27, has achieved a staggering return of 85.48% since its inception just 71 days prior, showcasing the potential for growth in a short timeframeSimilarly, the China Universal North Securities 50 Index A, launched on May 10, has recorded a return of 85.33%. Even the Dongcai North Securities 50 Index A has shown an impressive yield of 72.98% this year.

Many newly established actively managed equity funds have also seized the moment, accelerating their investments and exhibiting noticeable changes in net asset valuesCertain funds focusing on technology stocks have delivered returns exceeding 5% since their establishment, indicating a robust market engagement.

As the market has warmed up to new fund issuances, a total of 121 funds were launched between October 1 and November 6. Notably, several products tracking the China Securities A500 Index raised substantial capital, with the GF China Securities A500 Index gathering nearly 8 billion yuan

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Some funds saw subscription periods as short as a single day, reflecting a robust appetite among investors.

Among the hastily established funds, many opted for rapid investmentsFor instance, the Yongying Technology Select A, set up on October 30, recorded a change in net value just a couple of days later, reaching a net value of 0.9766 yuan on November 1, signifying that this fund has likely moved quickly to build its positionsBy November 5, the net value had risen to 1.0263 yuan, marking a growth of 2.63%.

Another example is the Caitong Asset Management Advanced Manufacturing A, which demonstrated a net value change on its second dayEstablished on October 15, its net value stood at 0.9999 yuan the following day, and it moved slightly down to 0.9996 yuan by October 17, indicating a quick adjustment in tradingBy mid-November, this fund's net value had increased to 1.0624 yuan, witnessing a rise of 6.24%.

Even passive investment products are making swift entry into the market

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For instance, the Yifonda China Securities Photovoltaic Industry ETF, which commenced on October 30, registered its net value at 1.0003 yuan the day after launch, with a minor uptick to 1.0076 yuan by November 5, translating to a 1.01% appreciationSimilarly, the Tianhong North Securities 50 Index A, launched on October 11, displayed a net value change on October 18, ultimately reaching 1.737 yuan by November 5, signifying a growth of 6.69%.

Many new funds established this year have achieved remarkable performance, reinforcing investor confidenceData from Wind shows that, as of November 5, two newly established funds have surpassed the 80% yield markThe Huaan North Securities 50 Index A and the China Universal North Securities 50 Index A reported returns of 85.48% and 85.33%, respectivelyThe Dongcai North Securities 50 Index A also posted a commendable yield of 72.98%, while the Yifonda Entrepreneur Board Mid-cap 200 Link A saw returns exceeding 60%, achieving 66.16%. There are also funds like the Southern Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, which recorded returns over 50% this year.

In terms of actively managed equity funds, the GF Growth Start A, which was established on March 19, has achieved a yield of 42.27% by the end of the third quarter

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Its top ten holdings include notable companies such as Meituan-W, Huadian Electric, Shiyun Circuit, Fala Electronics, and Guangdong Hongda.

Moreover, the Jinying Technology Zhi Yuan A, established on March 19, boasted a yield of 36.05% as of November 5. Under the management of renowned fund manager Chen Ying, its top holdings comprise companies like Goertek, Yaoji Technology, Lianying Laser, Huaxin Electronics, and others.

Additionally, the Allianz China Select A, launched on September 3, reported a yield exceeding 30% by November 5, under the stewardship of esteemed manager Cheng Yu, while the Dongxing Growth Select A also surpassed the 30% mark since its establishment on August 1.

The underlying optimism among fund managers reflects a favorable outlook for investment opportunities in the current marketBosera Fund notes that the recent high congestion levels in the small-cap growth sectors suggest that the market style may shift towards larger value stocks, which stand to benefit from forthcoming incremental policies

• Calculating the Economics of Urban Renewal
• The Future of Oil Stocks and Currency Markets
• Decoding the 1% Risk Rule
• Urban Planning Adapts to New Economic Drivers
• The Strengthening Trend of the Dollar

As domestic demand trends become clearer, dividend assets are perceived as providing a worthwhile refuge amid market volatility.

Looking ahead, Fuguo Fund emphasizes the need to observe the clarity of China's fiscal policies to facilitate a breakthrough from the current market turbulenceIn the medium term, economic recovery verification will remain criticalMeanwhile, data shows that A-share non-financial capital expenditure has been in negative growth for two consecutive quarters, indicating a potential easing of pressure in future industrial capacityPositive factors are expected to accumulate with the gradual rollout and implementation of comprehensive new policies from the governmentAs such, the A-share market seems to be on the cusp of a new round of profit recovery, with foundational trends pointing towards long-term potential for growth.

On the industry side, Fuguo Fund suggests focusing on improvements in economic growth supply, alongside the emergent new industrial cycle marked by significant demand in sectors such as semiconductors and AI computing