美股动荡季 价值投资迎来“高光时刻”

Group 1 - The value investment strategy has been overlooked in the U.S. stock market, but in the second quarter, approximately 63% of active fund managers focusing on undervalued large-cap stocks outperformed their benchmarks, marking the best performance since the pandemic's depths in 2020 [1] - Value-oriented funds have significantly increased their investments in the industrial sector, which saw an 11% rise last quarter, aligning with the performance of the S&P 500 index, while avoiding underperforming sectors like utilities, consumer goods, and real estate [1] - The industrial sector's strong performance signals a potential recovery for value stocks, with some market observers expecting broader recovery as the economy remains robust and interest rate cuts are anticipated [1] Group 2 - Jefferies' stock strategist Steven DeSanctis believes that the economy will not enter a recession, and value stocks should perform better, especially with three expected interest rate cuts in the second half of 2025, which would favor cyclical and value stocks [3] - Despite value stocks still lagging behind growth stocks in absolute terms, value stock pickers have outperformed their benchmarks by 1.7 percentage points, contrasting with growth funds that underperformed by 0.3 percentage points [3] - The S&P 500 industrial index is nearing historical peaks, driven by easing trade tensions and resilient economic data, making it the best-performing sector over the past six months [3] Group 3 - The KBW Bank Index, which tracks major U.S. banks, has surged nearly 40% since its low in April, indicating a strong recovery in the financial sector [4]