In the second half of 2026, the style of the A-share market suddenly changed. In July, technology stocks made a deep correction, and capital turned to undervalued defensive varieties; in August, the market ushered in an overdue decline and rebound, and sector rotation was still frequent. The volatile market environment is an effective scenario for testing the risk management ability of active equity funds. According to Wind statistics, since August, the net unit value of nearly 70 active equity funds has reached a new high since their establishment. The 21st Century Economic Report reporter further combed through and found that among this group of funds with record high net worth, there is no shortage of steady players with outstanding three-year performance and relatively stable net worth fluctuations. The reason why such funds can overcome market fluctuations is rooted in strict risk control discipline and a continuously iterative stock selection framework.

In the second half of 2026, the style of the A-share market suddenly changed. In July, technology stocks made a deep correction, and capital turned to undervalued defensive varieties; in August, the market ushered in an overdue decline and rebound, and sector rotation was still frequent. The volatile market environment is an effective scenario for testing the risk management ability of active equity funds. According to Wind statistics, since August, the net unit value of nearly 70 active equity funds has reached a new high since their establishment. The 21st Century Economic Report reporter further combed through and found that among this group of funds with record high net worth, there is no shortage of steady players with outstanding three-year performance and relatively stable net worth fluctuations. The reason why such funds can overcome market fluctuations is rooted in strict risk control discipline and a continuously iterative stock selection framework.