- Mainland China's public mutual funds notably adjusted their portfolios in the second quarter, favoring AI-related shares over consumer stocks.
- Significant shifts included E Fund Blue Chip Selected Mixed Fund reducing its holdings in Chinese Baijiu stocks from 30% to 13%, while increasing investment in AI stocks like SMIC and DONGSHAN PRECISION.
- IGW Core Competence Mixed Securities Fund also replaced prior holdings with AI concept stocks such as ZHONGJI INNOLIGHT and PIOTECH in its top 10 holdings.
