多只新发基金净值“动起来”

Core Viewpoint - Recent market adjustments have revealed investment opportunities, particularly in technology and consumer sectors, prompting fund managers to prepare for increased positions by late November to early December [1][3]. Market Activity - As of November 24, 59 new active equity funds were established in November, with 51 experiencing changes in unit net value, indicating that fund managers have begun building positions [2][3]. - Despite the market's volatility, only 400 out of over 8000 active equity funds achieved positive returns since November [2]. Fund Manager Sentiment - Fund managers emphasize the need for a rational perspective on recent market fluctuations, noting that prior rapid gains in certain sectors require time for digestion [2]. - The fourth quarter is typically characterized by significant market volatility, driven by institutional trading behaviors [2]. Investment Focus - Fund managers suggest focusing on sectors that have undergone substantial corrections, such as gaming, Hang Seng Technology, and TMT (Technology, Media, and Telecommunications) [3]. - The AI bubble concerns are viewed as a short-term setback rather than a signal of a downward cycle for the A-share market, supported by industry trends and policy backing [3]. Future Outlook - Looking ahead to 2026, there is a positive outlook for A-shares, driven by trends in "Chinese manufacturing" and "Chinese innovation," with expectations of strong performance in AI and sectors benefiting from "anti-involution" [4]. - The potential for Chinese technology companies to expand their overseas business is anticipated, particularly in communications, new energy, pharmaceuticals, vehicles, and gaming [4].