The performance rankings of various types of funds for the year 2024 have been officially released. The performance of active equity funds (including ordinary stock funds, partial equity hybrid funds, and flexible allocation funds) has been impressive, with Morgan Stanley Digital Economy A achieving a return rate of 69.23% and becoming the champion of active equity funds in 2024. Caitong Prosperity Selection holding A for one year, and ICBC Emerging Manufacturing A ranked second and third with return rates of 51.85% and 50.28% respectively. According to the third-quarter report of the funds, the top ten holdings of Morgan Stanley Digital Economy are Zhongjie Xuchuang (300394.SZ), Xinyisheng (300502.SZ), Hudiangufen (002463.SZ), Tianfutongxin (300394.SZ), Haiguang Information (688041.SH), Shennan Circuit (002916.SZ), Geer Gufen (002241.SZ), Industrial Fulian (601138.SH), Runze Technology (300442.SZ), and Yinweike (002837.SZ). Most of these top holdings are leading companies in the telecommunications equipment, semiconductor, and consumer electronics sectors. The top holdings of Caitong Prosperity Selection for one year holding period Mixed Stock A include Shengyi Electronics (688183.SH), Xinyisheng (300502.SZ), Zhongjie Xuchuang (300308.SZ), Jinpan Technology (688676.SH), Hudiangufen (002463.SZ), Sheng Hong Technology (300476.SZ), Changdian Technology (600584.SH), Yake Technology (002409.SZ), Dajin Heavy Industry (002487.SZ), and Deckly (688205.SH). Lei Zhiyong said that he will continue to track the macroeconomic fundamentals, industry prosperity, and performance of individual stocks. He will focus on the progress of NVIDIA chips and packaging capacity. From a broad perspective, he will continue to focus on areas where the prosperity trend of the artificial intelligence industry chain is increasing. He believes that the innovation in artificial intelligence will be more similar to smartphones, with more gradual increases rather than declines in the later stages. Looking ahead to 2025, the domestic innovation and creation, offshore wind power, and national defense industry have good prospects. Caitong Fund Jinzicai said that with the implementation of relevant policies in 2025, the valuation-driven market is expected to continue. The preferred investment direction in the long term, with large potential, is the industry direction that can gradually realize returns in the short term. Currently, there is a strong optimism for the AI industry, with a focus on the overseas computing power industry chain, light module, and PCB sectors, as well as the domestic computing power industry chain and domestic AI chip sectors. In addition, there is also optimism for some new business model companies under the drive of cost-effective consumption.