Public fund performance shines after 100 days, with track battles showing "extreme contrasts"

The Securities Daily reported on April 6 that the 2026 market outlook is about to enter its 100-day milestone, and performance differentiation within the public fund industry is further intensifying. According to the latest data, the gap in returns between the top and bottom funds across the entire market for the year-to-date period has already exceeded 92%. Among them, funds themed around optical communications have been leading strongly, while products heavily invested in Hong Kong-listed internet stocks and the humanoid robot sector have continued to lag at the bottom. Sector investing can be described as both ice and fire. Since the beginning of the year, although the equity market has delivered weak performance and higher volatility, many fund managers still look favorably on certain structural opportunities, and remain firmly convinced that what ultimately determines the stock pricing center of gravity is the companies’ own earnings capacity.