Family members buy their own tokens; employees favor the "hidden" tokens

Ask AI · What trend does internal investment preference under a strong market signal?

[Insiders buying their own—employees favored “hidden” share classes] Caixin Media, April 8—Facing the strong performance in the equity market in the second half of 2025, tools such as passive index funds and other product categories, as well as allocation-focused products such as second-tier bond funds, have become the main directions for fund practitioners to enter the market. Index funds related to Hong Kong tech, Hong Kong high dividends, free cash flow, and sectors such as photovoltaics and chemicals have also received increased, positive net buying by industry practitioners. In addition, with QDII investment quotas constrained, fund practitioners are actively increasing their allocation to QDII products such as those focused on Hong Kong stocks and U.S. stocks. Active equity funds still remain the preferred targets for fund practitioners. In the second half of 2025, funds managed by well-known fund managers—Fugui Wenjian Growth managed by Fan Yan, Zhonggeng Value Navigator managed by Liu Sheng, China Europe New Trends managed by Zhou Weiw en, and Ruiyuan Hong Kong Stock Connect Core Value managed by Zhang Jialu—were all subject to active increases by fund practitioners, and have been well recognized within the industry. It is also worth noting that some fund company executives, fund investment and research leaders, and fund managers have already taken actions such as taking profits on the funds they hold. (Securities Times)