Signs of fund diversion in A-shares Last week, someone bottom-fished securities, and today, someone went for innovative drugs and Hang Seng Tech. The funds are now split into three pools: Tech Pool, Old-School Pool (traditional sectors), and Incremental Funds. The stock funds in the Tech Pool and Old-School Pool basically don’t circulate, just calling each other SB. The variable lies in the Incremental Funds. Over the past couple of days, the incremental funds in the Tech Pool have been decreasing, leading to internal blood-sucking; meanwhile, the incremental funds in the Old-School Pool are increasing, with low-level sectors being bottom-fished in rotation. 50% robotics, 30% MLCC, 20% optical modules—this ratio works.