复盘A股历史三轮大行情！牛市时基金投资要注意什么？

Core Viewpoint - The article discusses the current state of the A-share market, emphasizing the importance of adjusting fund portfolios and strategies as the market hovers above the 3600-point mark for over ten trading days [2][10]. Historical Bull Markets - The article reviews three significant bull markets since 2000: - The first bull market from June 2005 to October 2007 saw the index rise from 998 points to a peak of 6124 points, a gain of 501% [11]. - The second bull market from June 2013 to June 2015 had the index increase from 1849 points to a peak of 5178 points, a gain of 163.16% [11]. - The third bull market from January 2019 to February 2021 resulted in a 49% increase, with the index rising from 2440 points to 3630 points [11]. Investment Strategies in Bull Markets - Fund companies suggest that during a rising market, investors should review their holdings, confirm the stability of investment strategies and fund management teams, and ensure that the underlying asset allocation aligns with initial goals [6][12]. - Investors are advised to be cautious about blindly increasing their positions due to market rises and should consider their risk tolerance when making adjustments [6][12]. - A "phased strategy" for building positions is recommended, particularly at the current 3600-point level, which is considered a medium valuation range [12][13]. - The focus should be on the fund manager's ability to allocate resources effectively and the product's structural thematic capabilities rather than merely following market trends [13].