Active equity funds newly established since the fourth quarter have shown increasingly obvious signs of opening positions. As of December 3, more than 80% of new funds had experienced net value fluctuations. Although some funds have returns of more than 10%, due to factors such as market fluctuations and year-end style changes, most funds open positions at a cautious pace, and net worth fluctuations are generally kept within 1%. A number of public offering interviewees told the Securities Times reporter that the current style of the market often changes at the end of the year and the beginning of the year, and there is plenty of time for new funds to open positions, so they are not in a hurry to push up positions and bet on popular tracks; operationally, they are more inclined to “plan for later action.” Regarding the future configuration direction, the industry consensus is that the AI application industry trend is clear, and it is expected that 2026 will usher in a substantial breakthrough.

Active equity funds newly established since the fourth quarter have shown increasingly obvious signs of opening positions. As of December 3, more than 80% of new funds had experienced net value fluctuations. Although some funds have returns of more than 10%, due to factors such as market fluctuations and year-end style changes, most funds open positions at a cautious pace, and net worth fluctuations are generally kept within 1%. A number of public offering interviewees told the Securities Times reporter that the current style of the market often changes at the end of the year and the beginning of the year, and there is plenty of time for new funds to open positions, so they are not in a hurry to push up positions and bet on popular tracks; operationally, they are more inclined to “plan for later action.” Regarding the future configuration direction, the industry consensus is that the AI application industry trend is clear, and it is expected that 2026 will usher in a substantial breakthrough.