富国基金2026策略重磅：A股双重共振，十大主线精准锚定

Group 1 - The core logic for A-shares in 2026 is the dual resonance of traditional industry profit recovery and improved risk appetite [3] - The manufacturing, technology services, and non-bank financial sectors are expected to lead the profit recovery, with the real estate chain's profit squeeze being a key variable for A-share profit growth [3] - The macro backdrop of synchronized interest rate cuts in China and the US will create diverse investment opportunities, with a focus on long-term asset reallocation [4] Group 2 - The AI sector is shifting from hardware to applications, with significant long-term potential in areas like AI coding and autonomous driving [6] - The pharmaceutical industry is focusing on the global competitiveness of domestic innovative drugs, particularly in oncology, with an emphasis on safety and efficacy in selection [6] - The consumer sector is anticipated to improve with inflation recovery and service consumption upgrades, with a focus on sectors like tourism and aviation [6] Group 3 - The cyclical sector is expected to benefit from policy support and external demand recovery, with industrial metals and precious metals showing strong price support [7] - The "14th Five-Year Plan" emphasizes the construction of a modern industrial system, which will accelerate investments in key sectors like high-end equipment and green energy [7] - The fixed income and "fixed income plus" sectors should focus on capturing trading opportunities through flexible duration management [7] Group 4 - A diversified asset allocation strategy is crucial for risk dispersion in the context of global monetary easing and changing asset correlations [8] - The investment logic for Hong Kong and overseas markets will evolve with liquidity trends and industry developments, particularly in AI applications [9] - The 2026 investment landscape is characterized by structural opportunities in traditional industry profit recovery and breakthroughs in emerging sectors [9]