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首批基金二季报出炉
Shen Zhen Shang Bao·2025-08-08 07:15

Core Insights - Equity fund managers are focusing on humanoid robots and AI applications, while bond fund managers expect a favorable environment for the bond market in early Q3 [1][4] Equity Products - Several funds from Tongtai Fund, including Tongtai Industrial Upgrade Mixed and Tongtai Financial Select, have actively adjusted their portfolios in Q2. By the end of Q2, Tongtai Industrial Upgrade Mixed had 90.16% of its assets in stocks, a significant increase from Q1. The top ten holdings shifted from banking stocks to six stocks in the robotics industry, primarily listed on Hong Kong and Beijing exchanges [2][3] - Tongtai Financial Select slightly reduced its stock allocation from 93.63% at the end of Q1 to 84.32% at the end of Q2, focusing on brokerages and fintech sectors [2] - Tongtai Vision Flexible Allocation Mixed increased its stock allocation from 78.65% to 85.74%, with a focus on biotech, new energy materials, and high-end equipment manufacturing [2] - Tongtai Huile Mixed completely changed its top ten holdings in Q2, emphasizing technology and entertainment sectors [2] Bond Products - Some bond products from Debang Fund, Huian Fund, and Dongfanghong Asset Management saw significant growth in scale. For instance, Debang Short Bond Fund's scale increased from 2.8 billion to 6.371 billion, while Debang Rui Xing Bond Fund added at least 2 billion in Q2 [3] - The bond market is expected to remain favorable in early Q3, influenced by tariff issues, external demand pressures, and the stabilization of the real estate cycle [4] Future Outlook - The manager of Tongtai Industrial Upgrade Mixed anticipates a clear trend in the humanoid robot industry, with 2025 seen as a pivotal year for mass production. The sector is expected to enter a ramp-up phase in H2, driven by orders from leading manufacturers and breakthroughs in large model technology [3] - The manager of Tongtai Vision Mixed aims to identify high-growth companies on the Beijing Stock Exchange, focusing on strong growth potential and broad development space [3]