Cash and silver: the Fund significantly reduced semiconductor and transferred energy

ON 20 JULY, THE BANK RELEASED A REPORT THAT, WITH THE NOTABLE REBOUND OF THE SEMICONDUCTOR PLATE THIS YEAR, THE FUND WAS REBALANCING ITS PORTFOLIO BY MAKING A PROFIT, LEADING TO LARGE-SCALE OUTFLOWS OF FUNDS FROM THE SEMICONDUCTOR AND SOFTWARE PLATE. AT THE SAME TIME, IN ORDER TO REDUCE OVERDEPENDENCE ON ARTIFICIALLY INTELLIGENT THEMES, FUNDS ARE SHIFTING TO TRADITIONAL CYCLICAL BLOCKS SUCH AS ENERGY AND MATERIALS. THE GLOBAL ACTIVE FUND HAS SIGNIFICANTLY REDUCED SEMICONDUCTOR AND SOFTWARE SEGMENTS: SINCE THIS YEAR, THE GLOBAL ACTIVE LONG LINE FUND HAS SOLD SEMICONDUCTOR EQUITIES WORTH $77.4 BILLION IN ORDER TO REBALANCE POSITIONS AFTER A LARGE REBOUND IN THE SEMICONDUCTOR PLATE. AT THE SAME TIME, THE FUND ALSO SOLD SOFTWARE UNITS VALUED AT $58.1 BILLION, OWING TO THE REDUCED PROFITABILITY. FINANCIAL FLOWS TO ENERGY AND MATERIAL BLOCKS TO DIVERSIFY AI THEMATIC RISKS: AS A HEDGE AGAINST OVER-CONCENTRATION OF AI THEMES, THE FUND PURCHASED $36.8 BILLION IN ENERGY UNITS AND $25.8 BILLION IN MATERIAL UNITS THIS YEAR. IN JUNE ALONE, THE GLOBAL FUND NET PURCHASED $13.2 BILLION IN ENERGY, $4.1 BILLION IN MATERIALS, $11.9 BILLION IN TECHNOLOGY HARDWARE AND $8.1 BILLION IN DIVERSIFIED FINANCE。