外资公募绩优产品持仓曝光！

Core Viewpoint - The article highlights the significant outperformance of foreign public funds in the A-share market, driven by proactive industry positioning and robust investment strategies, with some funds achieving returns exceeding 50% year-to-date [2][3]. Fund Performance and Strategies - Several foreign public funds have shown remarkable performance this year, with some flagship products achieving returns over 50%. The focus has been on sectors such as technology manufacturing and resource energy, which are expected to continue performing well in the fourth quarter due to low interest rates and ample liquidity [2][3]. - As of October 31, BlackRock Advanced Manufacturing Fund reported a year-to-date return of 66.44%, with a significant allocation of 92.52% of its stock investments in the manufacturing sector. The top holdings include companies like CATL and Hikvision, with notable stock price increases contributing to the fund's performance [3]. - The Robeco Resource Select Fund achieved a year-to-date return of 79.00%, diversifying its investments across manufacturing, raw materials, and energy sectors. Key holdings include Zijin Mining and Ganfeng Lithium, both of which saw stock price increases exceeding 80% [3][4]. - Allianz China Select Fund reported a year-to-date return of 54.48%, focusing on manufacturing, information technology, and healthcare sectors, reflecting confidence in China's technological innovation and industrial upgrades [4]. Market Outlook - Fund managers maintain a positive outlook for the fourth quarter, anticipating that low interest rates and liquidity will support the A-share market's medium to long-term performance. However, they caution about potential short-term disruptions from geopolitical factors and overseas policy changes [5][6]. - The BlackRock fund managers emphasize that the current weak growth in the real estate market will anchor a low interest rate environment, which may drive investors towards riskier assets with positive cash flows. They foresee a mid-term bull market for stocks, particularly large and mid-cap assets [6][7]. - Robeco's fund manager expresses optimism about the resource sector, indicating that resource prices are at the beginning of a new upward cycle with significant growth potential [6][7]. - Allianz's fund manager expects the macroeconomic growth to remain resilient, with the technology sector likely to accelerate. The market is anticipated to experience a range-bound upward trend in the fourth quarter, with quality tech assets expected to perform well [7].