Technology as Spear, Dividends as Shield: Fund Managers Reconstruct Offensive and Defensive Systems

On March 31, the 2025 annual reports for mutual funds were fully disclosed. Data from TX Investment Consulting indicates that performance and industry trends have become crucial considerations for fund managers' purchases. Among the top ten stocks by net purchase amount for mutual funds in 2025, high-performing stocks such as Biwin and Sytech appeared. Dividend assets also became a "favorite" for mutual funds. Financial leaders like Ping An and CITIC Securities Co., Ltd., as well as high-dividend stocks like INDUSTRIAL BANK, were also heavily net purchased by mutual funds in 2025. Data shows that Guotai Haitong, DSBJ, Ping An, East Money, and Montage Technology were among the stocks with the largest net purchase amounts by mutual funds in 2025; CATL, BYD, Midea Group, Luxshare Precision, and China Yangtze Power were among the stocks with the largest net sale amounts by mutual funds. (China Securities Journal)