Nos primeiros quatro meses, mais de 80% dos fundos mistos tiveram retorno positivo. O Fundo Misto de Crescimento Equilibrado da Huashang aumentou mais de 61%.

China Economic Net Beijing, May 11th (Reporter He Xiao) According to data from Tonghuashun, as of the end of April this year, out of 8,774 comparable performance hybrid funds in the entire market (calculated separately for all types of shares), 7,355 funds had net asset values rising, accounting for about 83.8%; 1,413 funds had net asset values falling, and another 6 funds broke even.

From January to April 2026, a total of 2 hybrid funds increased by more than 70%, namely GF Vision Smart Selection Hybrid A and GF Vision Smart Selection Hybrid C, with increases of 89.55% and 89.26% respectively. GF Vision Smart Selection Hybrid A/C was established on November 22, 2022. As of May 7, 2026, their accumulated net values were 2.0939 yuan and 2.0587 yuan.

According to its first quarter report this year, the fund focuses on high-quality sectors with supply constraints and demand showing “inflationary” growth. As of the end of the first quarter this year, its top ten holdings were Longfei Optical Fiber, Zhongtian Technology, Hengtong Optoelectronics, Xiechuang Data, Baiwei Storage, Demingli, Yaxiang Integration, Hongjing Technology, Hangdian Shares, and Guokewei.

The current fund manager is Tang Xiaobin. Tang Xiaobin previously worked as a researcher at Huatai United Securities Co., Ltd., and held roles including industry researcher, research team leader, deputy head of the research development department, and investment manager of the equity investment second department at GF Fund Management Co., Ltd.

Additionally, 22 hybrid funds increased by 55% to 70%, among which Huatai Bairui Quality Growth Hybrid A/C is the largest in scale. As of March 31, 2026, its total scale was 9.143 billion yuan, with increases of 58.68% and 58.38% in the first four months. Huatai Bairui Quality Growth Hybrid A was established on March 18, 2020, and Huatai Bairui Quality Growth Hybrid C was established on February 19, 2021. As of May 7, 2026, their accumulated net values were 3.0625 yuan and 3.0026 yuan.

According to its first quarter report this year, the fund continued to achieve outstanding absolute and relative returns in the first quarter, with a firm hold on high-quality AI computing power companies reaching new highs. As of the end of the first quarter, its top ten holdings were Xinyi Sheng, Zhongji Xuchuang, Longfei Optical Fiber Cables, Yuanjie Technology, Tianfu Communications, Dongshan Precision, Deke Li, Tengjing Technology, Guangku Technology, and Shennan Circuit.

The current fund manager is Chen Wenkai. Chen Wenkai previously worked as an analyst in the research department at China International Capital Corporation. He joined Huatai Bairui Fund Management Co., Ltd. in December 2019, serving as a researcher, senior researcher, and assistant fund manager.

Huashang Balanced Growth Hybrid A/C also has a large scale. As of March 31, 2026, its total scale was 6.943 billion yuan, with increases of 61.70% and 61.39% in the first four months. The fund was established on April 8, 2021. As of May 7, 2026, its accumulated net values were 3.4306 yuan and 3.3280 yuan.

According to its first quarter report this year, the fund maintained a high position in operations, dynamically optimized holdings within the high-growth domestic and international ARR tracks, and sought alpha returns, capturing growth opportunities amid industry transformation. As of the end of the first quarter, its top ten holdings were Longfei Optical Fiber, Xinyi Sheng, Zhongji Xuchuang, Yuanjie Technology, Changguang Huaxin, Yongding Shares, Hengtong Optoelectronics, Tengjing Technology, Dongshan Precision, and Zhongtian Technology.

The current fund manager is Zhang Mingxin. Zhang Mingxin has worked at Nanjing Securities Co., Ltd., Shenwan Hongyuan Securities Co., Ltd., Hu’an Financial Insurance Asset Management, Shengying Capital Management, Gaozheng (Tianjin) Investment Management, and Yingda Insurance Asset Management. He joined Huashang Fund Management in January 2025.

In addition, Yongying Pioneer Semiconductor Smart Selection Hybrid A/C, Huashang Advantage Industry Hybrid A/C, and others have increased by 45% to 55%.

On the downside, Tongtai Huize Hybrid C/A led the decline in the first four months, with decreases of 24.02% and 23.93%. The current fund managers are Ma Yi and Mai Jianpei.

（Editor: Zhang Xiaobo）