国金资管：2026年权益投资机会或更具广度和纵深

Core Viewpoint - Guojin Asset Management forecasts that the investment opportunities in the equity market for 2026 may be broader and deeper, while the bond market yields are expected to continue fluctuating widely [1] Equity Market Outlook - The current liquidity and regulatory environment is improving, with a continuous inflow of long-term capital, which, combined with structural economic highlights, is expected to drive the fundamental performance of certain industries upward, creating structural opportunities in the equity market [1] Bond Market Outlook - Positive fiscal policies are likely to continue, and central bank liquidity may remain accommodative to support the implementation of fiscal policies, suggesting that bond market yields may continue to experience wide fluctuations in 2026 [1] CTA Strategy - Guojin Asset Management maintains a neutral stance on CTA strategies, primarily due to the lack of significant investment trends or comprehensive monetary easing opportunities similar to past experiences. While some individual products have certain industrial logic support, the overall structure may appear somewhat singular in the context of portfolio investment, and the risk-reward ratio needs further observation [1]