基金配置策略报告（2025年5月期）：降息降准落地，静待破局机遇-20250509

Group 1 - The report highlights a significant market adjustment in April 2025, with equity markets experiencing a downturn due to external shocks, while the bond market saw a rapid increase in value following tariff impacts [5][12][13] - The report emphasizes a shift towards industry trend investments and thematic investments in the equity sector, particularly focusing on technology assets, domestic demand, and stable high-dividend sectors [5][20] - The report notes that the bond market is expected to maintain a loose monetary environment following interest rate cuts, with a potential for further growth policies to be introduced to support economic recovery [7][29] Group 2 - The report outlines a strategic focus on three key areas for equity investments: technology assets, domestic demand, and dividend-focused investments, which are expected to perform well in the current market environment [20][21] - The report provides a detailed analysis of the performance of various fund indices, indicating that the agricultural and pharmaceutical sectors showed resilience, while sectors like new energy and technology faced challenges [16][19] - The report discusses the construction of fund portfolios, recommending a mix of low, medium, and high volatility fixed-income funds to balance risk and return, with a focus on maintaining liquidity and managing credit risk [39][40][41]