Group 1 - The performance of FOF funds has been poor in November, with both equity and bond FOFs showing negative monthly returns [1][2] - All equity FOF products recorded negative monthly performance, while bond FOFs had a few top-performing products with minimal positive returns [2] - The overall market sentiment in November was weak, with the Shanghai Composite Index ending a six-month streak of gains, reflecting reduced trading activity and a decline in market profitability [2] Group 2 - A balanced investment strategy between stocks and bonds is being promoted by some institutions, as this approach can mitigate risks and enhance investment experiences [3] - In November, defensive sectors like consumption and finance outperformed, while growth sectors faced short-term pressure due to macroeconomic concerns and external factors [4] - Looking ahead to December, there is potential for a spring market rally if growth-stimulating policies are implemented, with expectations of a dovish stance from the Federal Reserve [4] Group 3 - Key areas of focus include new production forces driving economic growth, the cultivation of service consumption, and sectors benefiting from structural improvements under "anti-involution" policies [5] - The willingness of investors to engage with the market is relatively low towards the year-end, necessitating a balanced approach in portfolio allocation [5]
11月权益类FOF普遍亏损，后市关注政策走向 存在提前启动春季行情的可能性
Mei Ri Jing Ji Xin Wen·2025-12-02 07:03