Guofu Global Tech Interconnect QDII Shifts Into SanDisk, Advantest and Nokia in Q2

Guofu Global Tech Interconnect Mixed QDII said its top 10 holdings changed significantly in the second quarter of 2026, with Nvidia, Tower Semiconductor and TTM Technologies leaving the list and SanDisk, Advantest and Nokia entering it, according to Jiemian News. As of June 30, 2026, nine of the fund's top 10 positions were semiconductor- and hardware-related, led by Micron at 8.42%, MKS Instruments at 7.47%, TSMC at 7.47% and Intel at 7.17%.

The report showed that information technology accounted for 79.35% of net assets at the end of the second quarter, up from 68.22% in the first quarter. The fund said its manager, Di Xinghua, uses an internal valuation model to set target price ranges and adjusts holdings when a stock reaches its target price without unexpected positive changes in fundamentals.

JPMorgan said in a July 24 semiconductor report that AI-related chip demand remained strong, while BofA Securities said in a July 20 note that the recent pullback in chip stocks was a summer consolidation rather than a fundamental reversal. Jefferies, in a July 14 report on semiconductor equipment, raised its outlook for the global wafer fabrication equipment market and forecast market sizes of $152 billion in 2026, $200 billion in 2027 and $253 billion in 2028.

As of the end of the second quarter, the fund had 71.95% of assets in U.S. stocks, 8.74% in Japanese stocks, 3.47% in Hong Kong stocks and 1.14% in A-shares. Wind data showed the fund's Renminbi A share class returned 119.98% over one year, 245.60% over three years and 235.79% over five years as of June 30, 2026, ranking first among 41 Morningstar QDII global equity-balanced funds over the five-year period.