In 2024, more than eighty percent of funds will achieve positive returns, and QDII funds are the most eye-catching category

In 2024, the A-share market can be described as ups and downs. It has not only experienced the "darkest moment" when thousands of stocks fell together and the Shanghai Composite Index hit 2,635 points, but also felt the stimulation of the "sharp turn" of the entire market after the "9.24" market. Which fund managers have finally withstood the test of such a wide opening and closing market and outperformed the market and their peers?

According to Flush iFinD data, the Da Mo Digital Economy Mixed managed by Lei Zhiyong, deputy director of the equity investment department of Morgan Stanley Fund and fund manager, won the first place in the 2024 public offering performance ranking with a yield of more than 60%, and Caitong Prosperity Selection One-Year Holding and Southern China Emerging Economy 9-month Holding Period Hybrid (QDII) won the second and third places respectively.

The "last base" is Jinyuan Shun'an Quality Select A, with an annual return of -36.39%, and the difference between the performance of the "champion base" is 105.62%. It is worth noting that the bottom fund has achieved a return of 28.61% in 2023, ranking 20th among other products at that time.

According to Flush iFinD data, a total of 16,016 funds achieved positive returns during the year, accounting for more than 80% (different shares are counted separately). With a median return of 12.44%, QDII funds will be the best-performing fund products among all types of funds in 2024.

All types of funds underperformed the major stock indexes

On the whole, the performance of public funds in 2024 will be significantly warmer than that in 2023, and QDII funds are the most eye-catching category.

According

to the data of Flush iFnD, the median and average returns of QDII funds are 12.44% and 12.83%, respectively, which is the best performance among all types of funds.

Flush iFnD data shows that in 2023, the average rate of return of equity funds and hybrid funds will be -9.52% and -10% respectively, and the median rate of return will also be negative, and the proportion of funds with positive returns will be less than 20%, but in 2024, the median and average returns of the two types of products will not only be positive, but the number of rising funds will also account for more than 70%.

FOF funds, which also have negative median and average returns in 2023, will also achieve positive returns overall in 2024, with a median return of 4.64%. Driven by the bond bull market throughout the year, the median yield of bond funds reached 4.39%.

The champion shows the "champion phase" early

Long before the dust settles on the annual rate of return, Da Mo digital economy hybrid has shown a "champion phase".

Flush iFinD data shows that by the end of the first half of 2024, Da Mo Digital Economy Hybrid A has achieved a yield of 26.56%, ranking 5th in the yield of active equity funds. By the end of November, Da Mo Digital Economy Hybrid A ranked second in the list of active equity funds in the first 11 months with a yield of 51.63%.

From the perspective of the fund's heavy stocks, the fund has been focusing on the direction of digitalization and intelligence, and allocating more AI computing power-related stocks. As of the end of the third quarter of 2024, the top 10 heavy stocks of the fund are Zhongji InnoLight (300308. SZ), Xinyisheng (300502. SZ), Shanghai Electric Co., Ltd. (002463. SZ), Tianfu Communication (300394. SZ), Haiguang Information (688041. SH), Shennan Circuit (002916. SZ), Goertek (002241. SZ), Fortune Federation of Industry (601138. SH), Runze Technology (300442. SZ), Invic (002837. SZ）。

Lei Zhiyong said in the third quarterly report: "Looking forward to the future, the demand for AI in cloud computing power and terminal applications will continue to improve, and we believe that AI-led digital and intelligent innovation is expected to inject great momentum into social development." ”

The excellent performance of the product has also been recognized by investors, and the data shows that as of the end of the third quarter of 2024, the total scale of the product is 1.736 billion yuan and the total share is 1.481 billion shares, an increase of 785.71% and 513.57% respectively from the beginning of 2024.

Image source: Official account Morgan Stanley Fund Wealth Exchange

A number of fund managers' products have all achieved positive returns

It is worth noting that although the performance of Da Mo's digital economy is "unbeatable", there is a significant gap in the performance of the other two products managed by Lei Zhiyong. Among them, the better-performing Damo Technology Leading Hybrid will achieve a yield of more than 30% in 2024, but at the end of the third quarter, Damo Wanzhong, which has a heavy position in many military stocks, will have a return of -14.98% in 2024.

In addition, there are a number of fund managers who are relatively well-known in the industry, and the performance of their products under management in 2024 is all "red".

For example, Jin Zicai, the Caitong fund that manages the "third runner-up" product of the year, and the data of Flush iFinD shows that in addition to the newly established Caitong Value Power Hybrid C and Caitong Growth Preferred Hybrid C in May 2024, the products under management of Jin Zicai will not only achieve positive returns in 2024, but also have a yield of more than 30%. Among the top 10 funds in 2024, Jin Zicai accounts for 4 seats in the products under management.

In addition, Wang Peng, a subsidiary of Manulife Fund, will also achieve positive returns in 2024 with all 6 products under management, among which the best-performing Manulife Prosperity Smart Selection 18-month Holding Hybrid A has achieved a yield of 44.85%, ranking 13th among all kinds of funds.

There is also Wang Xiaochuan, the fund manager of Yinhua Fund, although he only manages 1 product of Yinhua Digital Economy Stock Initiation, and the investment manager has less than 3 years, Yinhua Digital Economy Stock Initiator A ranks 5th in the industry with a yield of 50%, which can be described as a "new star" in the industry.