均衡多元配置能手吴潇全新力作 招商均衡优选混合今日首发

Core Viewpoint - The A-share market has been rising steadily in the second half of the year, with the Shanghai Composite Index surpassing 3,800 points and trading volume exceeding 3 trillion yuan, indicating potential opportunities for equity asset allocation [1] Group 1: Fund Launch and Management - The招商均衡优选混合型证券投资基金 (Fund Code: 024027) officially launched on September 2, aiming for long-term net value growth by capturing investment opportunities during the economic recovery [1] - The fund's proposed manager, 吴潇, has nearly 12 years of investment research experience and over 8 years in product investment management, currently serving as the Director of Multi-Asset Investment Management at 招商基金 [2][3] Group 2: Investment Strategy - 吴潇 emphasizes managing portfolio volatility, focusing on balancing market, industry, style, and individual stock volatility to achieve smoother overall portfolio performance and better risk-adjusted returns [2][3] - The investment framework includes pricing and dynamic rebalancing, assessing asset pricing based on macroeconomic, policy, and geopolitical factors over a 3-5 year horizon [3] Group 3: Market Outlook and Investment Opportunities - The economic outlook is positive, with supportive policies and a resilient GDP expected in the first half of 2025, leading to a favorable environment for equity asset allocation [4] - Key investment opportunities identified include: - Dividend Stocks: Long-term performance is expected to improve due to increasing demand for wealth allocation [4] - Technology: Growth in global computing power and AI applications presents significant investment opportunities [5] - Consumer Sector: Valuations are at historical lows, with new consumption trends emerging [5] - Pharmaceuticals: Supportive policies for healthcare and rapid growth in innovative drugs highlight investment potential in this sector [5]