As the third-quarter reports for funds are steadily being unveiled, the performance trends of numerous well-liked funds, which had already racked up substantial gains in the initial phases, are now in the spotlight. By the close of the third quarter, the A-share market has witnessed the emergence of multiple 'funds that doubled in value' amidst sectoral rotations. Among these standout performers, Yongwin Tech Smart Selection, which has a significant allocation to computing power stocks, has taken the lead, boasting a 194% surge and securing its position as the fund with the most remarkable growth over the first three quarters. The third-quarter report reveals that, propelled by a steady influx of capital, the fund's assets under management (AUM) have soared from RMB 1.166 billion at the end of the second quarter to a staggering RMB 11.521 billion by the end of the third quarter, representing an almost ninefold expansion in just a single quarter. Moreover, the innovative drug sector has also shown robust performance this year, with funds like Great Wall Medical Industry Select also achieving gains in excess of 100%. Despite a slowdown in gains during the third quarter, the fund manager maintains an optimistic outlook and has chosen to increase positions.
