Core Viewpoint - The stock market has experienced significant volatility post-holiday, with A-shares, Hong Kong stocks, and U.S. stocks all declining, prompting public fund analysts to suggest a shift towards defensive strategies in the fourth quarter to secure annual performance [1] Group 1: Market Trends - The fourth quarter typically sees a transition to defensive strategies as funds aim to lock in gains from the year [1] - High valuation states in certain sectors have become apparent, leading to profit-taking motivations in high-positioned stocks [1] Group 2: Historical Insights - Historical data from 2010 to 2024 indicates that industries with strong performance in the first three quarters tend to underperform in the fourth quarter [1] - The primary reason for this trend is that institutional funds prefer to secure profits or reposition towards lower-valued assets to mitigate high volatility risks [1]
公募基金分析人士：四季度通常会进入防御策略阶段 高位板块存在止盈动力
Zheng Quan Shi Bao Wang·2025-10-12 23:02