On December 30th, driven by unique heavy holdings, five small public funds’ products currently dominate the top five active equity fund performance rankings this year. In this year’s fund performance ranking battle, the top ten fund managers have fiercely competed for performance rankings due to their highly homogeneous holdings. With only the last two trading days left this year, the lowest performance gap among the top five is only 0.01 percentage points, which is relatively rare. It is precisely because most of the top performing funds have highly similar heavy holdings, that the unique heavy holdings of ‘what I have and what you don’t have’ may become the core factor affecting the final ranking. Another noteworthy phenomenon is that among the top performing active equity funds this year, except for the current first place, the size of other funds has not increased significantly, and some products have experienced a significant reduction in size, which is in stark contrast to the significant increase in size of passive ETF funds this year. (Securities Times)
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