Group 1 - The A-share market has experienced a surge in the technology sector and a reversal in cyclical industries this year, with a focus on investment strategies for 2026 [1][2] - The investment focus for 2026 is expected to revolve around technology, value, and leading companies, with a shift from valuation expansion to corporate profitability as the main driver of stock prices [1][2] - The "strong stocks, stable bonds" characteristic is becoming more evident, with stock assets expected to have increased volatility but supported by performance-driven logic [1][6] Group 2 - The market is anticipated to enter a value recovery phase in 2026, with a focus on traditional cyclical industries such as oil, coal, and basic metals, as well as quality enterprises in non-bank finance and new energy [3][4] - AI applications and computing power are expected to be central to technology investments, with significant demand for AI infrastructure and smart hardware [4][5] - The global electricity shortage may become a market focal point, with rising electricity demand driven by AI data centers and re-industrialization, potentially leading to investment opportunities in cyclical sectors [8]
资管一线 | 2026 年资产配置如何布局？中欧基金王培、代云锋、杜厚良等基金经理给出答案
Xin Hua Cai Jing·2025-12-11 08:03