W68 market observation: "value" is more than "dividend"

The core style series has more position adjustment - "value" is more than "dividend", focusing on cash cows, performance momentum and other strategies

    Since the beginning of the year, the performance of different stock selection paradigms has been driven by risk preference and performance

    1) The time of deep callback (January) and strong rebound (February) is the key node of income differentiation of different strategies. If you switch blindly after the callback, it is easy to "lose all the money"; 2) The so-called style crowdedness is due to the excessive attention paid to the style with short-term "extreme" performance. Apart from high dividends, the profit quality boom, as the representative of A-share "cash cows", may not lead the monthly rise from last year to this year, but the ability of earnings to continue to pass through the bears is also strong.

    Institutional earning effect: growth continued to retreat, and the northward heavy position slightly outperformed the fund's heavy position market speed: the style and industry rotation speed recovered significantly

    Industry sector: only the public utilities and energy industry rose this week

    Style tracking

    Theme hot spot: energy sector performs well, low carbon leader 30 leads the fund index this week: the yield of partial bond fund is among the top in the general survey

    Risk warning

    The statistics in this paper are based on historical data and do not represent future performance.