First Fund Quarterly Reports Show Active Equity Funds Maintaining High Holdings

The first batch of fund quarterly reports for the second quarter of 2026 has been released, with Tongtai Fund leading the disclosures on July 9th. The reports indicate that active equity funds have maintained high operational positions. Furthermore, "fixed-income plus" products have increased their equity allocations, signaling a more aggressive investment stance. For instance, the Tongtai Digital Economy Stock Fund reported that equity investments constituted 93.63% of its net asset value by the end of the second quarter, with its assets growing from 316 million yuan to 801 million yuan. Similarly, the Tongtai Industry Selection Stock Fund maintained a high equity position, increasing its allocation from 90.26% at the end of the first quarter to 92.2% by the end of the second quarter. Several "fixed-income plus" funds also saw significant increases in their stock holdings. The Tongtai Tongxin Hybrid Fund, a debt-biased hybrid fund, raised its equity investment ratio to 14.39% of net asset value by the second quarter's end, a substantial rise from 3.76% in the first quarter. The Tongtai Hengsheng Bond Fund also followed this trend, boosting its equity investment from 12.02% to 16.11% over the same period.