行业布局各有侧重 外资公募隐形重仓股曝光

Core Viewpoint - The mid-year reports of public funds reveal the hidden heavy holdings of foreign public funds, indicating their investment strategies for the second half of the year, with a focus on technology, new consumption, high-end manufacturing, pharmaceuticals, and high-dividend stocks [1][2]. Group 1: Hidden Heavy Holdings - Fidelity's hidden heavy holdings include Jiangsu Shentong, ZhongAn Online, Jinzheng Co., AVIC Xi'an Aircraft Industry, and Xingyun Co., with a high allocation in information technology and industrial sectors [2]. - In the case of the Invesco Great Wall Mixed Fund, hidden heavy holdings include Yunnan Baiyao, Chongqing Bank, Giant Network, Qilu Bank, and China Pacific Insurance, focusing on AI supply, experiential consumption, financial dividends, and pharmaceuticals [2]. - Allianz China Select Mixed Fund's hidden heavy holdings consist of Zhuoyi Information, Junshi Biosciences, Zhaomin Technology, Fuda Co., Fule New Materials, and Zhongjian Technology, maintaining a high stock position amid global tech transformation [2]. Group 2: Investment Strategies for the Second Half - Fund managers express optimism about the market's investment value due to ongoing supportive policies, strong growth potential in AI and advanced manufacturing, and stable expansion of corporate return on equity [3]. - Schroder's China Power Stock Fund adopts a barbell strategy, focusing on high-dividend sectors benefiting from risk-averse capital inflows and technology and high-end manufacturing sectors [3]. - Allianz's fund manager emphasizes the importance of quality tech assets in the ongoing value reassessment of Chinese stocks, with a focus on TMT, machinery, pharmaceuticals, and chemicals [3][4].