Datong Securities·2026-03-10 13:29Market Review - The equity market experienced a collective decline last week, with the North Stock 50 Index dropping the most at 7.14% [4] - The bond market saw a decrease in both short and long-term interest rates, with the 10-year government bond yield falling by 0.67 basis points to 1.781% [8] - The commodity market showed mixed results, with the South China Commodity Index rising by 6.43% while COMEX gold decreased by 1.27% [12] Equity Product Allocation Strategy - Event-driven strategies include the launch of BYD's second-generation blade battery, which may benefit related funds such as Jiashi Smart Car and Huaxia New Energy Vehicle Leader [14] - The government report's mention of "building a new form of intelligent economy" suggests potential investment opportunities in AI-related sectors, with funds like Jiashi Hong Kong Internet Core Assets and Boshi Semiconductor Theme being highlighted [15] - The release of guidelines for promoting the comprehensive utilization of photovoltaic components indicates potential benefits for funds focused on renewable energy [16] Asset Allocation Strategy - The overall strategy emphasizes a balanced core with a barbell approach, focusing on high dividends and technology sectors, while recommending funds like Anxin Dividend Select and Jiashi Frontier Innovation [17] - The bond market strategy suggests a focus on short-term bond funds and "fixed income plus" funds to enhance yield while managing volatility [19] - Gold is recommended as a strategic asset for hedging against macroeconomic fluctuations and currency risks, with a suggested approach of dollar-cost averaging [19] Stable Product Allocation Strategy - The central bank's recent operations indicate a net withdrawal of 15,634 billion yuan, maintaining a balanced and loose funding environment [22] - The manufacturing PMI for February showed a slight decline to 49.0%, indicating a decrease in manufacturing activity [22] - The economic growth target for 2026 is set at 4.5%-5%, with efforts aimed at achieving better results [23]