社保基金持有科创板股票也是价值投资

Core Insights - The Social Security Fund has emerged as a significant investor in 73 companies listed on the STAR Market, indicating a shift in value investment strategies beyond traditional high-dividend stocks [1][2] - Investment in STAR Market companies reflects a belief in the potential for growth and innovation, as these firms possess core technologies and high innovation capabilities [2][3] Group 1: Investment Strategy - The Social Security Fund is known for its conservative approach, typically favoring high-dividend blue-chip stocks, but its presence in the STAR Market suggests a broader definition of value investment [1][2] - Value investment is not limited to high-dividend and low P/E ratio companies; high-quality tech stocks can also offer significant investment value and potential for above-average returns [1][2] Group 2: Market Dynamics - STAR Market companies are often at the forefront of technology innovation, which may lead to substantial growth and capital expansion, despite their initial inability to provide stable cash dividends [2] - The investment by the Social Security Fund in these innovative companies is seen as a way to guide more capital into the technology sector, fostering collaboration between technology and capital markets [2][3] Group 3: Risk and Diversification - While investing in STAR Market stocks carries inherent risks due to the uncertainty of technological innovation, the Social Security Fund's long-term investment horizon and diversified holdings across 73 companies help mitigate these risks [3] - The approach taken by the Social Security Fund offers a new perspective on value investment, encouraging ordinary investors to consider diversified investments in multiple STAR Market companies [3]