Large public funds outperform, several fund managers accurately seize the current technology rally.

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Unbeknownst to many, equity fund managers at large fund companies have collectively shown strong momentum in this round of tech stock gains.

According to the fund company performance rankings released by Guotai Haitong Securities, over the past five and ten years, the overall returns of large fund companies have posted collective positive gains. Among them, E Fund—the largest firm in the industry—had average returns of 52.43% and 256.30% for its equity products over the past five and ten years respectively, ranking first among "large companies" (as of June 30).

Furthermore, among large fund companies with ten-year records, China Europe Fund ranked second with a 229.53% return, and Dacheng Fund ranked third with a 215.81% return; Xingzheng Global Fund, Invesco Great Wall Fund, ICBC Credit Suisse Fund, and Fortune Fund followed closely behind.

The performance surge of large fund companies is closely related to their streamlined internal research and investment processes, as well as outstanding fund manager performances. For instance, at E Fund, the E Fund Rui Xiang I managed by Wu Yang had a 521.6% return over the past five years, topping nearly 3,000 comparable funds—it was one of only two "fivefold funds" (as of June 30).

Similarly, within the same five-year period, E Fund Vision Growth and E Fund Ke Rong achieved returns of 337.53% and 310.18% respectively, ranking second and third among 919 similar products. Two tech sector-themed funds managed by Zheng Xi—E Fund Information Industry and E Fund Information Industry Select—also ranked in the top three among their peers over the past five years.

Analysts believe that the rise in active investment performance by large companies may be related to major global industrial chain transformations over the past five years, as well as explosive earnings among certain A-share listed companies.

When these industry mega-trends, driven by fundamentals, matched the systematic fundamental research of large companies, some large fund companies' overall performance consequently became standout.

In addition, over the past five years, the A-share market has experienced a relatively complete bull-bear cycle, from the post-2021 core asset adjustment and volatility, to the value stock rally in between, and then to the "tech bull" after September 2024—the market environment was complex and varied. Most fund managers with strong personal styles and broad stock-picking scopes had opportunities to shine. Large fund companies, firm in their stylistic and procedural approaches, also saw their performance supported.

Risk warning and disclaimerThe market is risky, and investment should be carried out with caution. This article does not constitute personal investment advice and does not take into account individual users' specific investment goals, financial situation, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their own circumstances. Investing based on this article is at your own risk. ```