Foreign Public Offerings Latest Position Exposure Preferences for Energy and Technology

With the completion of the disclosure of the first quarter report of the fund, holdings of public funds under multiple international asset management giants such as BlackRock, Fidelity, and Lubbomai have also made appearances. Entering 2024, the product line of foreign-funded public offerings is gradually improving. Schroder Fund and Lianbo Fund both issued their first equity product within the year, and the product matrices of BlackRock Fund, Fidelity Fund, and Lubbomai Fund are also constantly expanding. From an industry perspective, the focus of foreign public offerings in the first quarter was on sectors such as energy and technology. From the perspective of individual stocks, stocks such as CNOOC have been favored by foreign public offerings. Taking BlackRock China New Horizon as an example, the latest scale of the fund is 2.595 billion yuan, and the heavy holdings in the first quarter include China National Offshore Oil Corporation, Zijin Mining, China Mobile, Sanmei Corporation, and China Shipbuilding. Several heavily weighted stocks have shown good performance in the quarter. In addition, the fund has also allocated a portion of convertible bonds. Looking ahead to the future, foreign public offerings are optimistic about the relative resilience of A-shares in resistance to decline, and believe that policies should be closely monitored and observed in the second quarter.

With the completion of the disclosure of the first quarter report of the fund, holdings of public funds under multiple international asset management giants such as BlackRock, Fidelity, and Lubbomai have also made appearances. Entering 2024, the product line of foreign-funded public offerings is gradually improving. Schroder Fund and Lianbo Fund both issued their first equity product within the year, and the product matrices of BlackRock Fund, Fidelity Fund, and Lubbomai Fund are also constantly expanding. From an industry perspective, the focus of foreign public offerings in the first quarter was on sectors such as energy and technology. From the perspective of individual stocks, stocks such as CNOOC have been favored by foreign public offerings. Taking BlackRock China New Horizon as an example, the latest scale of the fund is 2.595 billion yuan, and the heavy holdings in the first quarter include China National Offshore Oil Corporation, Zijin Mining, China Mobile, Sanmei Corporation, and China Shipbuilding. Several heavily weighted stocks have shown good performance in the quarter. In addition, the fund has also allocated a portion of convertible bonds. Looking ahead to the future, foreign public offerings are optimistic about the relative resilience of A-shares in resistance to decline, and believe that policies should be closely monitored and observed in the second quarter.