Core Viewpoint - Public funds remain optimistic about the equity market's allocation value, anticipating a structural opportunity to emerge as various industries trend upwards [1][2] Group 1: Investment Opportunities - The current low level of government bond yields and a risk premium at the historical 56th percentile support the value of equity assets [1] - Key investment areas include AI, robotics, innovative pharmaceuticals, new consumption, and non-ferrous metals [1] - The "anti-involution" policy and expected recovery in PPI are likely to improve the supply-demand dynamics in certain industries [2] Group 2: Structural Opportunities - There are numerous structural opportunities to explore, focusing on industries with growth potential [3] - The core of the current market rally is driven by confidence and risk appetite recovery underpinned by industrial dynamics [3] - Investment strategies should balance growth and dividend yield, with a focus on sectors driven by new demand and interest rate declines [3] Group 3: Sector-Specific Insights - The pharmaceutical sector has shown strong performance, with innovative drug companies entering a phase of explosive profitability [4] - AI in healthcare is highlighted as a cost-effective investment direction, alongside leading companies in non-innovative drug sectors that remain undervalued [4] - In the renewable energy sector, opportunities in energy storage, wind power, and photovoltaics are significant due to low penetration rates and stabilizing prices [4]
多家公募举行秋季策略会 看好权益资产投资机会
Shang Hai Zheng Quan Bao·2025-09-11 19:02