China’s Public “Fixed-Income Plus” Funds Top 3.56 Trillion Yuan

China’s public “fixed-income plus” funds topped 3.56 trillion yuan at the end of the second quarter, up more than 10% from the first quarter and more than 30% from 2.72 trillion yuan at the end of last year, according to Jiemian News. The report said the expansion was driven in part by larger allocations at leading fund houses. In a fund quarterly report, Dong Han and Li Yiwen, managers of the Jing Shun Great Wall Jingyi Shuangli Fund, said they remain constructive on structural opportunities in China’s stock market but will place greater emphasis on portfolio stability. They said they will continue to look at sectors tied to new quality productive forces, including semiconductors, artificial intelligence, high-end equipment, new energy and new materials, while also watching China’s economic recovery and the pace of Federal Reserve rate hikes for opportunities in consumer and cyclical stocks.