None of the samples in my fund pool outperformed the CSI 300 Index today, with the closest being Zhang Heng's Wanjia Yihe A at 4.24%.

If during the previous decline in the CSI 300, funds like Da Cheng Advantage Enterprise that had accumulated substantial excess returns were not present, then such a sudden surge would be a nightmare for actively managed equity funds focused on relative returns (the same applies to actively managed equity funds in Hong Kong). Additionally, funds that have maintained low positions for a long time would see their excess returns eroded even faster if the market rally proves sustainable.

However, the current issue is that many people don't seem to believe this rally will last long. I also tend to hold long-term expectations while trading short-term sentiment. #Chinese assets surge! Chinese concept stocks rally collectively!#