Strategic periodic report: pay attention to the rise of absolute return value funds

Report summary:

    Valuation differentiation index: Last week, the industry valuation differentiation index rose slightly Global market overview: Last week, A-shares rose and fell, trading volume fell compared with the previous week Market style: Last week, the market style was dominant Money market: Last week, liquidity margin was loose

    Fund issuance: the issuance fell last week, and the position was at the historical median

    Market sentiment: The turnover rate of A-share fell last week, the US panic index fell, and the national debt and foreign exchange market: the yield of national debt fell last week, and the capital flow of RMB appreciation: the balance of financing rose last week, The outflow of A-share capital and the inflow of capital from the north to important shareholders reduced their holdings: the largest reduction in food and beverage holdings last week, institutional research: intensive research on pharmaceutical and biological industry exports in the past month: the export of separation equipment continued to grow in February, money supply and social finance: the M2 growth rate declined in April, and the growth rate of social finance declined. Mid stream boom: the power consumption of the whole society increased by 11% year-on-year in January and February. Risk tip: the policy is not as expected, Regional political conflict exceeds expectations