As of December 28, the highest yield of active equity funds during the year reached 236.88%, which may set a new performance record and become the highest doubling of annual revenue in public offering history. Industry insiders said that active equity funds performed well in 2025, but it is important to note that the concentration of double-based holdings is high, which is deeply tied to structural markets. Most fund products are “meteors” and need to be treated normally. The industry needs more products that continue to perform well to benefit holders.

As of December 28, the highest yield of active equity funds during the year reached 236.88%, which may set a new performance record and become the highest doubling of annual revenue in public offering history. Industry insiders said that active equity funds performed well in 2025, but it is important to note that the concentration of double-based holdings is high, which is deeply tied to structural markets. Most fund products are “meteors” and need to be treated normally. The industry needs more products that continue to perform well to benefit holders.