Although the sharp rise in the market has made index funds shine brilliantly, a careful analysis of the relevant data shows that among those non-index funds, there are still some varieties that perform well. The reason is that the flexible allocation of stock positions has become the main reason for the "unexpected" strength of these varieties.

According to Wind's statistics, the top 20 funds with weekly net value increase are all equity funds, but as a hybrid fund, the strong regional select fund in Tian Rui, a rich country, ranks 2 14.34% with weekly net value increase. Moreover, the fund's net value fell by 19.3% in the last quarter, far lower than the top 20 funds with net value growth last week.

Index funds are mainly passive tracking indexes. Therefore, the stock position is often the highest among stock funds, which shows the essence of its indexation operation after the sudden market situation last week. For those hybrid and non-index funds with flexible stock allocation ratio, the fund manager's ability to judge the market and respond to emergencies is particularly prominent.

According to Wind's statistics, among the top 20 funds with the best performance of hybrid funds last week, rich countries and Tianrui strong regional selected funds performed best, and the worst financing industry boom also achieved a return of 1 1. 1359%. In addition, Huabao Xingye, which entered the "Top Ten" in 2007, also entered the top 20 list of hybrid funds last week, including its revenue growth, Oriental Select and Morgan China Advantage. Judging from the proportion of stock positions held by the above-mentioned funds at the end of the first quarter, they basically maintained a high proportion, and some of them also increased their positions in the first quarter of 2007.

For example, at the end of the first quarter of 2008, the shareholding ratio of the strong regional optimization fund in Tian Rui, a rich country, was as high as 92.95%, up 4.2 percentage points from the end of 2007. The fund's stock investment ratio is between 50% and 95%. The income growth of Huabao Xingye and the proportion of investment in selected stocks in the East are between 30% and 95%.

It is worth mentioning that among the non-index funds with top performance in equity and hybrid net worth last week, many funds belong to the same fund company. For example, many products of China Post, Dongfang, Yimin and other fund companies appeared in the top 20 list of stock and hybrid funds last week.