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中文(ZH) 公募基金回流港股互联网,避开拥挤赛道聚焦确定性

Public funds return to Hong Kong internet stocks amid AI investment shift

Publicly offered funds are gradually returning to Hong Kong internet stocks, shifting focus from crowded sectors to assets with proven performance. This trend is driven by a change in AI investment logic towards guaranteed returns and improved risk control, as investors seek undervalued and less-hyped opportunities. The rebound in Hong Kong tech stocks is closely linked to the valuation repair in US AI application sectors, with both experiencing similar cycles of valuation adjustment. AI

IMPACT Investment strategies are shifting towards AI, indicating a growing focus on tangible performance and risk management in the sector.

RANK_REASON This article discusses investment trends and market sentiment rather than a specific event.

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    Public funds flow back to Hong Kong stock internet, avoiding crowded tracks and focusing on certainty

    在AI投资逻辑转向业绩确定性、风控提升的背景下,公募资金逐步回流港股互联网资产。多名基金人士分析,抱团股多空分歧扩大通常预示权益市场风险抬升,AI投资逻辑逐步脱离题材炒作、落地真实业绩,资金正在规避拥挤赛道,并在AI赛道重视估值便宜、热度较低的确定性资产。业内人士分析,本轮港股科网股反弹和美股AI应用板块估值修复紧密挂钩。自去年末,美股AI应用板块率先开启估值出清,赛富时、奥多比、Figma、Shopify等多只QDII重仓标的深度下挫,部分个股单日跌幅超50%,美股AI板块杀估值周期与恒生科技下行周期基本重合。除海外行情催化外,挖掘确定性以及科技新贵交…