机构称投资者看多A股，平安公司债ETF回撤控制稳定备受关注

Public Funds - The current focus of clients is on previously underperforming sectors such as domestic AI and fruit supply chains, while there is cautious optimism regarding the AI sector's valuation [1] - Clients are making adjustments to their positions due to a lack of expectations for economic downturns in the second half of the year, leading to a generally optimistic market outlook for a bull market [1] - Some clients express caution regarding market performance in September and October [1] Private Funds - A-shares continue to show strength due to liquidity easing and the tech industry's trends, with a focus on growth sectors like AI computing power, innovative pharmaceuticals, and humanoid robots [2] - There is also attention on cyclical opportunities in real estate and consumer recovery, indicating a gradual acceptance of a slow bull market [2] - Clients are nearing full positions, reflecting confidence in upcoming market conditions [2] Hedge Funds - The US stock market has seen adjustments, with signs of reversal in momentum trading, leading to increased volatility and potential risks [3] - In A-shares, a preference for conservatively valued cyclical stocks is noted, with trading strategies taking precedence over fundamentals in the current market environment [3] - Investment opportunities are being sought in global fiscal spending as the economy seeks new growth points [3] Bond Market - The recent bond market adjustment has seen the Ping An Company Bond ETF (511030) maintain a strong performance with controlled drawdowns, ranking first in terms of stability [4] - Various bond ETFs are highlighted with their respective scales and performance metrics, indicating a diverse range of investment options in the bond market [4]