【公募基金】“高低切”持续，关注低位科技——公募基金权益指数跟踪周报（2025.07.21-2025.07.25）

Group 1 - The core viewpoint of the article highlights a significant increase in A-share trading activity and a strong performance in cyclical stocks driven by demand expectations and policies aimed at improving domestic consumption [2][17] - The active public fund's second-quarter report indicates a shift in investment strategies focusing on sectors with recovery potential, particularly in technology and pharmaceuticals, while reducing exposure to consumer goods and automotive sectors [18][19] - The "anti-involution" theme is identified as a key driver of market sentiment, with expectations of supply-side adjustments in traditional cyclical industries, although the actual implementation remains uncertain [19] Group 2 - The technology sector is experiencing a resurgence, with advancements in generative AI and significant participation in the World Artificial Intelligence Conference, indicating ongoing growth potential in AI applications and semiconductor industries [20] - The approval of a second batch of 12 new floating-rate funds reflects a diversification in investment products, including themes related to manufacturing and high-end equipment, with differentiated fee structures aimed at performance incentives [21] - The performance of various equity fund indices shows positive trends, with the growth stock index leading with a year-to-date return of 24.97%, while the medical stock index has also performed well despite a recent decline [22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50]