In recent years, the "double exposure" funds have significantly shrunk in volume, with nearly 70 funds quietly reaching new net asset value highs.

In the second half of 2026, the style of the A-share market switched abruptly. In July, technology stocks experienced a significant correction, and funds shifted towards undervalued defensive varieties; entering August, the market welcomed a rebound from overselling, with frequent sector rotations. The highly volatile market environment serves as an effective testing ground for assessing the risk management capabilities of active equity funds. According to Wind statistics, since August, nearly 70 active equity funds have reached new highs in their unit net values since their inception. Further analysis by 21st Century Business Herald reporters reveals that among these funds with new high net values, there are several robust contenders with impressive three-year performances and relatively stable net value fluctuations. The ability of these funds to navigate market volatility is rooted in strict risk control discipline and a continuously evolving stock selection framework.