A Shares "Money Making Effect" Lack Of Investment Difficulties

"The volatility of the market will increase in the four quarter, making it harder to earn absolute returns."

This is the view of some fund research teams in the near future.

The logic is that the Fed's interest rate increase is expected to be relatively full during the year, and the overseas market will not be stable. There are variables in the US election results, and the inflection point of global liquidity is also a relatively worrying issue for the market.

In the four quarter, the fund may prefer to look for opportunities in growth stocks when the value stocks are gradually filled up.

"Looking back over the past time, the better performance is

At present, the value depression has basically been filled, and is expected to enter a stock market.

Haitong fund investment manager Cui Chen believes that since last year, the paction has been very light, then it will continue to shrink and game.

In addition to PPP and optical communications industry, other recent gains are better than those of scattered stocks. These stocks are characterized by better performance and lower valuation.

Recent data show that trillions of PPP volume is affected by data stimulus.

At the beginning of the rally, the overall valuation has been higher.

Cui Chen believes that the first wave of rise is a thematic investment, or will enter the stage of careful study of PPP stocks, and the relevant companies whose orders are better are expected to have a relatively prominent performance.

Overall, the market lacks large plate opportunities, and individual stock opportunities are scattered.

Faced with the stock market, most fund managers have said that they will adopt a bottom-up strategy of stock selection, and prefer to find opportunities in growth stocks.

Fund managers have admitted that they are more concerned about electronics, new materials and media.

The media industry has a general market in the early stage, but the growth of some stocks is quite good at the moment.

In the electronics industry, some enterprises grow faster and have better quality.

In addition, a fund manager of a large fund company thinks that

The upgrading of industries and upgrading of quality will bring new investment opportunities.

At present, China's household electrical appliance industry has taken the lead in the world. The products produced by China can play a good role in the import substitution, and the investment value is highlighted.

In addition, in order to cope with the increase in market volatility, fund managers need to constantly select individual stocks and improve the pace and band of investment operations.

A fund manager in Shanghai said frankly that the fourth quarter will continue to build a combination of real growth, but on the other hand, it will also pay more attention to the trend of macroeconomic trends, pay more attention to the opportunities and risks of globalization entering the new stage, and find the target of long-term logic from the cyclical industry.

In its view, growth is still the long-term logic of the market, and it needs to tap the real growth of emerging consumer companies, for strategic allocation.

According to the insiders, for ordinary investors, A shares lack the "money making effect" and the investment is more difficult. Therefore, we can pay attention to fund layout of fund managers who are good at digging up growth stocks, such as flexibly controlling positions, and being good at picking up growth stocks. They are good at grasping the social development trend, adhering to the social responsibility of high-quality growth stocks, and analyzing the fund that enriches the growth of enterprises and enriches the people's business and so on.