Apple(US:AAPL) Datong Securities·2025-06-10 00:25Market Overview - The equity market indices collectively rebounded last week, with the ChiNext Index leading at a gain of 2.32%[5] - The 10-year government bond yield decreased by 1.65 basis points, indicating a slight widening of the yield spread[5] - The TMT sector saw a collective rebound, with notable gains in telecommunications (5.27%), non-ferrous metals (3.74%), and electronics (3.60%) sectors[5] Fund Performance - The equity fund index rose by 1.94%, while the secondary bond fund index increased by 0.38%[14] - The short-term bond fund index saw a modest increase of 0.05%, reflecting a generally loose funding environment[14] Investment Strategies - Event-driven strategies include focusing on funds related to the upcoming Apple WWDC, with recommended funds such as Bosera Digital Economy A (012082) and Invesco Great Wall Vision Growth C (014473) due to anticipated innovations[16] - Consumer sector funds are highlighted following recent government initiatives to boost domestic consumption, with recommended funds including Huaxia Consumer Selection C (017720) and Harvest New Consumption A (001044)[17] Asset Allocation - A balanced bottom warehouse and barbell strategy is recommended, focusing on dividend and technology sectors[18] - High dividend assets are emphasized due to the low interest rate environment, with the 10-year government bond yield potentially entering a "1%+" era[18] Risk Analysis - The central bank's recent operations resulted in a net withdrawal of 671.7 billion yuan, maintaining a loose liquidity environment[25] - The May PMI data remains below the growth line at 49.5%, indicating ongoing economic challenges[25] Key Fund Recommendations - Recommended funds for stable returns include Nord Short Bond A (005350) and Guotai Junan Li'an Medium and Short Bond A (016947), focusing on short-duration bonds[30] - For those seeking higher returns, consider funds like Anxin New Value A (003026) and Southern Glory A (002015), which are positioned to benefit from equity market opportunities[30]