华西证券：看好具备贝塔属性的非银金融板块的配置价值

Core Viewpoint - Current active funds are significantly underweight in the non-bank sector, indicating a potential opportunity for investment as the capital market remains active and reforms deepen [1] Group 1 - Active funds have a notable underallocation to the non-bank sector, suggesting a mispricing that could be corrected as market conditions improve [1] - The ongoing activity in the capital market, along with the deepening of reforms, is expected to attract more medium to long-term capital into the market [1] - There is an increasing trend of residents allocating more to equity investments, which bodes well for the non-bank financial sector [1] Group 2 - The non-bank financial sector is viewed positively for its beta characteristics, making it an attractive option for investors looking for growth [1]