权益基金经理关注人形机器人等AI应用方向 深圳商报记者 詹钰叶 同泰基金、德邦基金、汇安基金、东方红资管旗下部分基金产品近日率先披露基金二季报。权益基 金经理表示将重点关注人形机器人等AI应用方向，债券基金经理预计债市在三季度中上旬整体处于偏 顺风环境。 权益产品方面，目前同泰基金旗下的同泰产业升级混合、同泰金融精选股票、同泰远见灵活配置混 合、同泰慧利混合等发布了二季报，其间以上产品均积极调仓。至今年二季度末，同泰产业升级混合的 股票资产占基金资产的90.16%，较一季度末大幅提高；其前十大重仓股大换血，由银行股转向机器人 方向，前十大重仓股中有6只为机器人产业链标的，且大部分为港股和北交所上市公司。同泰金融精选 则小幅下调了股票仓位，从一季度末的93.63%降至二季度末的84.32%，持仓集中在券商、金融科技等 弹性方向，整体以券商股为主，少量配置金融科技板块。同泰远见灵活配置混合股票仓位由一季度末的 78.65%提升至二季度末的85.74%，前十大重仓股依然聚焦北交所上市企业，有半数股票更换，集中于 生物医药、新能源材料、高端装备制造等硬科技领域。与一季度末集中布局科技板块相比，同泰慧利混 合前十大重仓 ...

Group 1: Equity Funds - Several funds from Tongtai Fund, Debon Fund, Huian Fund, and Dongfanghong Asset Management have disclosed their Q2 reports, with a focus on AI applications like humanoid robots [1] - Tongtai Fund's equity products have actively adjusted their portfolios, with Tongtai Industrial Upgrade Mixed Fund increasing its stock assets to 90.16% by the end of Q2, a significant rise from Q1 [1] - The top ten holdings of Tongtai Industrial Upgrade Mixed Fund have shifted from banking stocks to six stocks in the robotics industry, primarily listed on Hong Kong and North Exchange [1] - Tongtai Financial Select Fund slightly reduced its stock position from 93.63% to 84.32%, focusing on brokerage and fintech sectors [1] - Tongtai Vision Flexible Allocation Mixed Fund increased its stock position from 78.65% to 85.74%, with a focus on biotech, new energy materials, and high-end equipment manufacturing [1] - Tongtai Huile Mixed Fund completely replaced its top ten holdings, emphasizing technology and entertainment sectors [1] Group 2: Bond Funds - Debon Fund, Huian Fund, and Dongfanghong Asset Management have reported significant growth in some of their bond products, such as Debon Short Bond Fund, which increased from 2.8 billion to 6.371 billion yuan [2] - The Debon Rui Xing Bond Fund also saw an increase of at least 2 billion yuan in Q2 [2] - The bond market is expected to remain favorable in early Q3, supported by stable real estate cycles and potential monetary easing [3]

Core Viewpoint - The article highlights the positive outlook of fund managers on new quality productivity sectors, particularly in technology innovation and robotics, as evidenced by the recent disclosures of the first batch of equity fund reports for Q2 2025 [1][8]. Fund Performance and Holdings - The first three equity funds to disclose their Q2 reports are the Tongtai Industrial Upgrade Mixed Fund, Tongtai Financial Select Stock Fund, and Tongtai Vision Flexible Allocation Mixed Fund [5]. - The Tongtai Industrial Upgrade Mixed Fund saw its scale increase from less than 10,000 to 145 million, while the Tongtai Financial Select Stock Fund grew by approximately 6 million to 49.934 million [5]. - The Tongtai Industrial Upgrade Mixed Fund increased its stock asset allocation to 90.16% of total assets, with a significant shift in its top ten holdings from banking stocks to robotics, with six of the top ten now in the robotics industry chain [5][6]. - The Tongtai Financial Select Stock Fund reduced its allocation from 93.63% to 84.32%, focusing on brokerages and fintech, with half of its top ten holdings being newly added stocks [6]. - The Tongtai Vision Flexible Allocation Mixed Fund increased its allocation from 78.65% to 85.74%, maintaining a focus on companies listed on the Beijing Stock Exchange, particularly in hard technology sectors [6]. Investment Strategy and Market Outlook - Fund managers are actively adjusting their portfolios, utilizing quantitative multi-factor strategies to select strong momentum factors for portfolio adjustments [7][10]. - The outlook for the robotics industry is optimistic, with expectations of entering a production ramp-up phase driven by increased orders from leading manufacturers and breakthroughs in large model technologies [9]. - The financial sector is viewed as a "flag bearer" for the bull market, with brokerages' valuations at historical lows, suggesting potential for significant earnings elasticity as the A-share market recovers [9]. - The fintech sector is expected to benefit from policy support and advancements in AI, big data, and cloud computing, indicating long-term growth potential [9]. - The article also notes the potential of stablecoins to reshape cross-border payments and enhance the internationalization of currencies [9].