Private equity funds achieved an average return of 6.89% in the first two months.

Our reporter, Fang Lingchen

Since the beginning of 2026, private equity securities funds have performed steadily and positively. According to the latest data from Private Equity Ranking Network, by the end of February 2026, out of 12,270 private equity securities fund products with performance records in the market, 10,435 achieved returns, accounting for 85.04%. The average return of these 12,270 products is 6.89%.

Li Chunyu, FOF fund manager at Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd., stated that the overall impressive performance of private equity securities funds this year is driven by multiple factors: First, the profitability effect in the equity market has become prominent, with expanding domestic demand and industrial upgrades creating multi-track structural opportunities, allowing private institutions to effectively seize market opportunities. Second, increased willingness among residents to allocate assets to equities and active institutional investment have driven continuous inflows into the private market. Lastly, private funds employing different strategies are actively leveraging their professional advantages and flexibly adapting to market patterns, jointly supporting industry performance improvements.

Specifically, among the five major strategy products, stock strategy products have become the core engine driving overall returns. Data shows that by the end of February, there were 7,881 stock strategy funds with performance records this year, of which 6,657 funds achieved gains, accounting for 84.47%. The average return of these funds is 7.78%, ranking first among the five major strategies in terms of yield.

Li Chunyu analyzed that the overall positive trend of the A-share market has created a favorable environment for stock strategy fund operations. Meanwhile, during the industrial upgrade process, numerous structural opportunities continue to emerge in sectors such as AI commercialization, Chinese companies going global, and resource industry upgrades.

Multi-asset strategy products flexibly combine various assets, achieving a good balance of returns and risks. Data shows that by the end of February, there were 1,596 multi-asset strategy funds with performance records this year, of which 1,395 funds achieved gains, accounting for 87.41%. The average return is 6.88%.

Although the number of balanced funds is the smallest among the five major strategies, with only 342 funds, they have the highest success rate, with 94.74% of funds achieving returns. The average return of balanced funds is 6.22%, demonstrating steady overall performance.

According to Liu Youhua, Research Director at Qianhai Ranking Network Fund Sales Co., Ltd. in Shenzhen, the high success rate of balanced funds stems from their “fund of funds” model, which selects high-quality private products across different strategies and managers for portfolio allocation, achieving dual risk diversification. Additionally, fund managers of balanced funds, with their professional product screening and dynamic rebalancing capabilities, can adjust the allocation ratios of various strategies in response to market changes, effectively dispersing risks associated with individual strategies and further enhancing portfolio stability.

Among 1,357 futures and derivatives strategy funds, 1,095 achieved gains, accounting for 80.69%. The average return for all futures and derivatives strategy funds is 4.93%. Li Chunyu believes that since 2026, increased volatility in the commodities market has significantly boosted trading activity, providing abundant trading opportunities for futures and derivatives private funds.

Bond strategy products remain an important choice for prudent allocation in the private market. However, since the beginning of this year, the bond market has shown a generally volatile trend, with overall returns for bond strategy products being relatively weak. Data shows that among 1,094 bond strategy funds, 964 achieved gains, accounting for 88.12%. The average return is only 2.45%, the lowest among the five major strategies.

(Edited by: Wen Jing)