Market Review - The market continued to strengthen in the second half of July, with the Political Bureau meeting emphasizing "macro policies continuing to exert force" [2] - New productive forces catalyzed market risk appetite, but the manufacturing PMI fell to 49.3%, indicating weak economic recovery momentum [2] - Significant industry differentiation was observed, with AI computing power and pharmaceutical biotechnology leading, while cyclical sectors like steel and coal were dragged down by commodity price corrections [2] - The funding landscape showed characteristics of "net outflow from broad-based ETFs, while Hong Kong stocks and technology-themed ETFs attracted capital" [2] - Investors are advised to adopt a "core + satellite" strategy for balanced risk and return, focusing on AI computing power and semiconductor sectors for offensive positions, while defensive positions should emphasize high dividend and low volatility assets [2]
申万宏源ETF实盘大赛双周达人奖榜单（2025.7.30-8.12）
申万宏源证券上海北京西路营业部·2025-08-19 02:23