"Double down on basic research" is emerging in large quantities, and technological innovation is becoming the biggest driving force.

Since the beginning of this year, with the gradual recovery of the market, some thematic sectors have been hot, and equity funds have shown impressive gains. Several funds have seen their returns exceed 100% so far this year, earning the title of "doubling funds". Generally speaking, most of the "doubling funds" are concentrated in high-liquidity sectors such as science and technology and healthcare. Many fund managers have captured the thematic market trends through sector allocation and stock selection. Looking at the fund size and fund inflow situation, "doubling funds" have also been favored in the first half of the year, with the management scale of some products growing several times. A fund evaluation expert in Shanghai stated that the emergence of "doubling funds" is a result of market sentiment, industry trends, and fund resonance. On one hand, the improvement in liquidity environment and the warming of the equity market have provided a favorable environment for high-volatility thematic funds. On the other hand, the forward-looking judgment of fund managers on industry allocation and stock selection has increased the profitability elasticity. Whether the "doubling funds" can continue their strong performance in the future will still depend on the sustainability of market trends and industry trends.