Foreign public funds' Q3 position adjustment path revealed: balanced allocation, sticking to long-term AI opportunities.

With the disclosure of public fund third-quarter reports complete, the portfolio adjustment paths of wholly foreign-owned public fund managers such as BlackRock, Neuberger Berman, Allianz, and AllianceBernstein have come to light. In the third quarter, A-shares saw a style rotation, and several foreign public fund managers actively adjusted their holdings, increasing allocations to defensive assets such as banks. Despite short-term market volatility, foreign fund managers remain positive on the A-share market outlook and regard artificial intelligence as a track with medium- to long-term investment value.