外资公募隐形重仓股曝光！

Core Viewpoint - Several foreign public funds have delivered impressive performance this year, with some products ranking among the best in their category, revealing hidden heavy holdings across various sectors such as automotive, consumer, and pharmaceuticals [1][2]. Group 1: Fund Performance - Fidelity's 6-Month A Fund achieved a year-to-date return of 31.61%, with hidden heavy holdings including Jiangsu Shentong, ZhongAn Online, and Jinzheng Co., focusing on the information technology sector [2][3]. - Schroder's China Power A Fund also reported a return of 31.01%, with hidden heavy holdings including XPeng Motors, Li Auto, and Zero Run Auto, indicating a strategic focus on the new energy vehicle sector [2][3]. - Allianz China Select Fund outperformed with a return of 40.59%, with hidden heavy holdings in consumer discretionary and healthcare sectors, reflecting active management in structural shifts [3]. Group 2: Investment Strategy - Foreign public funds maintain a balanced allocation strategy while emphasizing key sectors such as information technology and healthcare, which helps capture structural opportunities in a differentiated market environment [1][3]. - The investment managers of Schroder's China Power anticipate a structural market driven by overseas risk appetite and domestic asset allocation pressures, suggesting a continued focus on high-dividend sectors and technology [4]. - Fidelity's fund managers emphasize a high allocation in information technology and industrial sectors, while reducing exposure to overvalued consumer discretionary stocks, indicating a disciplined investment approach [5].