Core Viewpoint - The article highlights the increasing trend of equity fund advisors actively adjusting their portfolios, favoring growth sectors like technology, despite recent market fluctuations [3][4]. Group 1: Fund Performance and Adjustments - Over 100 fund advisory combinations have completed adjustments since the second half of the year, with a notable increase in equity asset allocations [3]. - In July, the average return of stock advisory products reached 5.12%, outperforming the CSI 300 index's 3.54% [3]. - Many advisory combinations have seen year-to-date gains exceeding 20%, with specific examples like the Jiashi Bailin All-Weather Strategy and China Europe Advantage Industry All-Star [3]. Group 2: Portfolio Strategies - Fund advisors are increasingly replacing passive funds with active management funds due to improved performance in active equity funds [4]. - For instance, the ICBC Credit Suisse Balanced Allocation Combination reduced its index fund holdings by 15 percentage points while increasing its allocation to mixed funds [4]. - The article notes a shift in focus towards sectors such as pharmaceuticals, cyclical industries, and technology, while reducing exposure to consumer sectors [6]. Group 3: Tactical Adjustments - Some advisory combinations are optimizing their portfolio structures by taking profits and reallocating funds to more promising sectors [8]. - The "交银全明星" combination adjusted its holdings by decreasing the weight of value funds and increasing its offensive positioning [8]. - Advisors maintain a positive outlook on the A-share market's upward trend, suggesting that short-term adjustments should be leveraged for strategic accumulation in sectors with stable long-term fundamentals [8].

Group 1 - The core viewpoint of the articles highlights that many fund advisory portfolios have adjusted their positions, favoring equity assets, particularly in technology and growth sectors, despite recent market fluctuations [1][2][3] - Fund advisory products have shown significant returns, with an average yield of 5.12% in July, outperforming the CSI 300 index by 3.54% [1] - A total of 141 fund advisory portfolios made adjustments in July, with a trend of reducing exposure to debt funds while increasing equity fund allocations [1][2] Group 2 - Many fund advisors remain optimistic despite recent market volatility, maintaining or increasing their investment amounts in response to market conditions [2] - There is a noticeable shift from passive to active funds, with more portfolios replacing passive funds with actively managed ones due to improved performance [2] - Specific sectors favored by fund advisors include pharmaceuticals, cyclical industries, and technology, while reducing exposure to consumer sectors [2][3] Group 3 - Some equity fund advisory portfolios have enhanced their "sharpness" by adjusting their holdings to increase aggressive positions [3] - Certain portfolios have opted to take profits and optimize their structures, indicating a proactive approach to market conditions [3] - The overall sentiment remains optimistic regarding the A-share market, with a focus on seizing short-term adjustment opportunities for further accumulation [3]