景顺称看好中国股票并增加配置 减持“价格昂贵”的印度股票

Core Viewpoint - Invesco has increased its allocation to Chinese stocks while reducing its holdings in Indian stocks, citing the latter as "expensive" [1] Group 1: Investment Strategy - Invesco's multi-asset portfolio manager, Chang Hwan Sung, remains optimistic about Chinese stocks, noting that despite recent gains, valuations still appear attractive [1] - Zhao Yaoting, Invesco's Asia-Pacific global market strategist, indicates that the current global macro environment favors diversified investment strategies, allowing investors to take on moderate market risks in anticipation of potential global economic growth recovery next year [1] Group 2: Market Analysis - Zhao believes that the Chinese stock market has performed strongly recently, but its valuations remain attractive compared to other global markets [1] - The "anti-involution" policy is expected to further boost corporate profit margins and earnings growth in China [1] - U.S. stock valuations are considered high, although the technology sector's earnings growth remains resilient [1] - With expectations of Federal Reserve interest rate cuts, cyclical sectors may continue to outperform the market [1] - European stock markets have outperformed the U.S. this year, largely driven by valuation re-evaluations, but further gains will require a rebound in corporate earnings [1]