高股息和成长两手抓哑铃配置策略获资金青睐

Group 1 - The "barbell allocation strategy" is gaining popularity among funds, focusing on both high-dividend defensive assets and high-growth sectors, showcasing resilience in the current market environment [2][3] - Over the past decade, the A-share market has experienced multiple barbell allocation trends, characterized by a focus on high dividends and low volatility on one end, and high growth on the other, adapting to economic cycles and industry trends [2] - In 2024, the barbell strategy is showing a new feature of "contraction at both ends," with the banking sector outperforming as a defensive anchor and a shift towards smaller tech stocks in the growth segment [2] Group 2 - In Q2 of this year, actively managed equity funds have also adopted a barbell structure, with a shift towards theme-based growth and large-cap value stocks [3] - The barbell allocation strategy remains favored by many institutions, recommending a mix of low-valuation, high-dividend blue-chip stocks for stability and high-growth sectors like AI and robotics for capturing structural opportunities [3] - Four investment opportunities are highlighted: stable cash flow and high-dividend sectors like telecommunications and finance, AI commercialization in the internet sector, growth in the biopharmaceutical industry, and potential recovery in the real estate chain [4]