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“9·24”一周年,基民收益如何?近2000份问卷揭秘
券商中国· 2025-09-23 10:57
Core Viewpoint - The A-share market has shown significant improvement since the implementation of a comprehensive financial policy package on September 24, 2024, with the Shanghai Composite Index reaching a ten-year high and demonstrating a clear upward trend [2]. Market Performance - As of September 20, 2025, 40 funds have doubled their net value this year, and 887 funds have increased by over 50%, with more than 12,000 funds achieving positive returns [3]. Investor Sentiment and Behavior - Over 92% of active equity fund investors reported positive returns in the past year, with 16.2% earning over 30% and 41% earning between 10% and 30% since investing [4]. - The majority of investors (72.6%) hold active equity funds, with over 80% having recouped their investments or made profits [6]. - More than 60% of investors believe that a mix of equity and bond investments is a more stable strategy, indicating an increased awareness of diversifying to mitigate return volatility [6]. Investment Strategies - Investors are shifting from passive holding to active management, with over 80% engaging in strategies like buying on dips, regular investments, or reallocating assets in response to market changes [8]. - Key strategies include: - "Buying on dips and regular investments" as a consensus for low-position accumulation, with 35.3% of investors opting for this approach and 41.7% adhering to a regular investment strategy [10]. - "Dynamic reallocation and timely profit/loss management" becoming a norm, with 31.1% of investors actively switching sectors and 21% establishing clear stop-loss/profit rules [10]. - A significant decrease in passive investors, with only 12.9% not adjusting their holdings, reflecting a new habit of dynamic portfolio optimization [11]. Market Outlook - Over 66.2% of investors are optimistic about the A-share market's performance in the next 1-2 years, with 28.8% being very optimistic [12]. - The recovery in investor confidence is attributed to favorable policies implemented since September 2024, which have injected substantial capital into the market and facilitated a shift from a financing market to an investment market [14]. - The investment goals of investors are shifting towards more stable returns, with 51% targeting a 3%-10% increase and 20.7% aiming for a 10%-20% growth [15].