A股市场权益风格轮动
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【广发金工】权益资金流边际改善,小盘成长风格有望占优:大类资产及权益风格月报(2026年2月)
广发金融工程研究· 2026-03-03 03:32
Group 1 - The overall view on equity assets is neutral, with a macro perspective being bearish and a technical perspective being bullish, resulting in a total score of 0 [2][29] - The overall view on bond assets is also neutral, with a macro perspective being bearish and a technical perspective being bullish, resulting in a total score of 0 [2][29] - The overall view on gold assets is positive, with both macro and technical perspectives being bullish, resulting in a total score of 2 [2][29] - The overall view on industrial products is positive, with both macro and technical perspectives being bullish, resulting in a total score of 2 [2][29] Group 2 - The macro perspective on equity styles favors small-cap stocks, while the technical perspective also supports small-cap stocks, leading to a positive view on small-cap style [3][38] - The macro perspective on growth versus value styles favors growth stocks, and the technical perspective also supports growth stocks, resulting in a positive view on growth style [3][38] Group 3 - The macro indicators for equity assets show a bearish outlook, while for gold and industrial products, the outlook is bullish [24][26] - The technical indicators for equity assets show a bullish outlook, while for bonds, the outlook is also bullish, and for gold and industrial products, the outlook remains bullish [26][29] Group 4 - The asset allocation strategy includes equities, bonds, commodities, and cash, with fixed weightings adjusted based on macro and technical indicators [30][34] - Historical performance data indicates that the combination of fixed proportions with macro and technical indicators has yielded an annualized return of 10.18% since 2007 [32][34]