Fund Portfolio Shifts: A Focus on AI and Safety

In late January 2026, leading investment funds including Ruiyuan, Yinhua, Yongying and Jiaotong Schroder published their fourth-quarter 2025 reports, which show notable changes in portfolio structure. The changes reflect a push for greater certainty and security amid market volatility.

Fu Pengbo, who manages the Ruiyuan fund, noted that high growth is expected in 2026 in sectors tied to AI (artificial intelligence), nonferrous metals and lithium materials. Li Xiaoxing of Yinhua also stressed that AI remains the key driver of technological innovation worldwide. He forecasts steady revenue growth at large Chinese internet companies and sees potential in the shares of Hong Kong's tech giants, where industry and fundamental trends may converge.

Meanwhile, Yang Jinjin of Jiaotong Schroder prefers to avoid popular but overvalued segments and invests early in promising companies with long-term profit potential. This points to diversified strategies and a search for new growth drivers.

These shifts reflect a broader market trend in which investors are seeking more conservative and sustainable assets. AI remains an attractive theme, but funds are also looking at traditional sectors such as nonferrous metals, which may benefit from global economic growth.

For private investors, this means it is worth looking at funds that diversify their portfolios and invest across different sectors of the economy. It is also important to weigh the risks of investing in AI and to choose funds with experience and expertise in the field. Shares of Hong Kong tech companies may be an interesting option for diversifying a portfolio, but they require careful analysis.

In conclusion, the changes in major funds' portfolios show a drive to balance growth and safety. AI remains an important theme, but investors are also looking at other sectors and regions to reduce risk and secure steady income. Time will tell how successful these strategies prove, but it is already fair to say that the market is becoming more mature and diversified.