The 2026 semi-annual fund report revealed for the first time the “proportion of profitable investors in the past year”, a new indicator for measuring the holding experience of citizens. According to the data, among active equity funds in the entire market, those that account for more than 90% only account for 47.73%. The Securities Times Fund Research Institute reduced the scope to “Double Ten” fund managers at the top of the public offering industry pyramid, that is, groups who have been fund managers for more than 10 years and have managed funds with a comprehensive annualized yield of more than 10%. Of the 52 “long-distance running bases” managed by these fund managers with an annualized yield of more than 10% in the past 10 years, 42 funds accounted for more than 90% of the number of profitable investors in the past year, accounting for 80.8%, far exceeding the overall level of the entire market. These funds, which have a better holding experience, involve more than 30 fund managers, each with their own path of long-distance running: some rely on “long feelings” to make people understand and hold positions with low turnover and stable positions; others rely on restraint to keep the people steady and not panic with extreme dispersion and strict control of the retracement; others rely on sharpness to seize opportunities to improve the boom with an accurate grasp of the industrial cycle.

The 2026 semi-annual fund report revealed for the first time the “proportion of profitable investors in the past year”, a new indicator for measuring the holding experience of citizens. According to the data, among active equity funds in the entire market, those that account for more than 90% only account for 47.73%. The Securities Times Fund Research Institute reduced the scope to “Double Ten” fund managers at the top of the public offering industry pyramid, that is, groups who have been fund managers for more than 10 years and have managed funds with a comprehensive annualized yield of more than 10%. Of the 52 “long-distance running bases” managed by these fund managers with an annualized yield of more than 10% in the past 10 years, 42 funds accounted for more than 90% of the number of profitable investors in the past year, accounting for 80.8%, far exceeding the overall level of the entire market. These funds, which have a better holding experience, involve more than 30 fund managers, each with their own path of long-distance running: some rely on “long feelings” to make people understand and hold positions with low turnover and stable positions; others rely on restraint to keep the people steady and not panic with extreme dispersion and strict control of the retracement; others rely on sharpness to seize opportunities to improve the boom with an accurate grasp of the industrial cycle.