“基金专业买手”，加仓稀土、创新药

Core Viewpoint - The public FOF (Fund of Funds) industry has shown a clear adjustment strategy in the first half of the year, with a focus on equity assets and structural market characteristics, aiming to capture market opportunities through rotation [2][6]. Group 1: Performance and Strategy - Public FOFs have recognized the attractiveness of equity assets, with a continued focus on sectors such as rare earths, innovative pharmaceuticals, technology, and gold [2][5]. - The performance of the Guotai Youxuan Leading One-Year Holding FOF has been outstanding, with a net value growth rate of 15.85% in the last month and 78.46% over the past year, largely due to its significant holdings in rare earth ETFs [4][7]. - Fund managers are implementing rebalancing strategies for sectors that have seen excessive short-term gains while also beginning to position themselves in consumer sectors to capitalize on industry turning points [2][5]. Group 2: Market Trends and Insights - The consensus among FOF fund managers is a positive outlook on equity assets, with a focus on structural opportunities driven by policy benefits, technological growth, and supply constraints [6]. - The average return for all public FOFs in the past year has been 21.21%, with several funds achieving net value growth rates exceeding 60% [7][9]. - The total market size of public FOFs reached 1650.16 billion, reflecting a growth of over 25% from the beginning of the year, indicating increasing attractiveness in the FOF sector [9]. Group 3: Future Outlook - Fund managers are expected to focus on high-dividend value stocks and sectors benefiting from domestic demand, such as home appliances and automotive industries, as policy support shifts from supply-side to demand-side [6][7]. - The issuance of public FOF products has surpassed previous years, with 38 new products launched this year, indicating a growing interest in this investment vehicle [9].