真实、客观、有料的基金类公众号 以下文章来源于基民柠檬 ，作者基民柠檬 基民柠檬 . ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： 基民柠檬 来源：雪球 今天来聊几个大家可能意想不到的投资策略 ， 已经有基金用上了 。 重仓北交所 在大家的印象里 ， 投资北交所的话 ， 要么选北证50指数基金 ， 要么选那几个有封闭期的北交所基金 ， 选择余地并不大 。 其实除了以上两种选择 ， 还有其他产品也是重仓北交所股票的 。 最近北交所相对于沪深两市表现较为突出 ， 所以不少重仓北交所股票的基金短 期业绩也比较突出 ， 翻看周排行和日排行 ， 就能发现几个 。 再查看基金定期报告披露的持仓 ， 可以发现兴华景成混合 、 同泰开泰混合 、 同泰远见混合等基金 ， 大概率主要投向就是北交所 。 由于北交所是30%的涨跌停限制 ， 且流动性相对于主板还是有差距 ， 所以这些基金的波动也是相对较高的 。 极致的轮动 ， 考验的不仅仅是能力 ， 更重要的是心态 ， 这可能是投资者需要格外注意的 。 投资者可能有很高的期待 ， 但是投研端能否满 ...

Core Viewpoint - The Brazilian stock market is experiencing a record high due to a combination of external and internal factors, including foreign capital inflow, interest rate cuts, and improved corporate earnings, although the sustainability of this rally depends on fiscal conditions and global liquidity [1][2]. Group 1: Foreign Capital Inflow and Global Fund Reallocation - Following the Federal Reserve's second interest rate cut of the year, global capital markets are undergoing a new round of asset reallocation, with Brazil emerging as a major beneficiary due to its high interest rates and stable macroeconomic environment [2]. - The net foreign capital inflow into the Brazilian stock market reached 26.9 billion reais in the first half of 2025, marking the highest level since the second half of 2023, indicating a return of foreign investors [2]. - Analysts note that Brazil's robust macro environment, high yields, and ample liquidity make it a preferred destination for investment during a global rotation towards emerging markets [2]. Group 2: Exchange Rate Stability and Market Confidence - The Brazilian real has maintained relative stability, with lower volatility compared to previous years, reducing foreign exchange risk for investors [3]. - Most listed companies have reported better-than-expected earnings, particularly in the financial, energy, and consumer sectors, reinforcing the market's fundamental support [3]. - The Brazilian government is committed to maintaining fiscal discipline, with a reported 30% year-on-year decrease in the federal fiscal deficit for the first eight months of 2025, which is a positive signal for capital markets [3]. Group 3: Market Projections and Potential Risks - The Ibovespa index has risen approximately 24% year-to-date, with projections suggesting it could reach 170,000 points by 2026 if inflation continues to decline and fiscal policies remain stable [4]. - Historical data indicates that emerging markets, including Brazil, often perform well during Fed rate cut cycles, with an average increase of over 30% in the Brazilian stock index within 12 months following such cuts [5]. - Analysts caution that the sustainability of the current bullish sentiment depends on policy execution and external conditions, with potential risks including deviations from fiscal targets and geopolitical tensions [5].