备受市场关注的中证A50最新解读来了！听易方达基金嘉宾解析A股龙头企业投资价值

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随着年后市场的整体回暖，投资者情绪得到了较大的修复，大量资金流入ETF产品，这也使得ETF工具再次成为市场焦点。跟踪中证A50指数的相关ETF陆续上市也受到了投资者关注，面对这样一个一键打包A股核心资产的投资工具，我们应该如何看待它的价值？我们一起来探讨：A股整体市场处于历史相对低位首先，全部A股层面，目前整个A股市场仍然处在一个相对低位的投资区间，如果我们用万得全A的股权风险溢价来衡量，其目前...

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Listen to E Fund guests analyze the investment value of A-share leading enterprises","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600009":0.9,"600019":0.9,"600028":0.9,"600030":0.9,"600031":0.9,"600036":0.9,"600276":0.9,"600309":0.9,"600406":0.9,"600426":0.9,"600436":0.9,"600585":0.9,"600660":0.9,"600754":0.9,"600887":0.9,"600893":0.9,"601012":0.9,"601088":0.9,"601899":0.9},"content_text":"随着年后市场的整体回暖，投资者情绪得到了较大的修复，大量资金流入ETF产品，这也使得ETF工具再次成为市场焦点。跟踪中证A50指数的相关ETF陆续上市也受到了投资者关注，面对这样一个一键打包A股核心资产的投资工具，我们应该如何看待它的价值？我们一起来探讨：A股整体市场处于历史相对低位首先，全部A股层面，目前整个A股市场仍然处在一个相对低位的投资区间，如果我们用万得全A的股权风险溢价来衡量，其目前处在3.8%左右的历史较高位置，也是在过去3年均值+2倍标准差附近，从以往历史来看，较高的ERP以及较高的偏离度都是市场中长期价值较好的标志。此外，在个股位置方面，从全部A股中200日均线以上的个股占比看，目前为14.1%，同样处于历史极低位置，与2018年10月、2022年4月的位置接近，而二者都是A股标志性底部，故从该角度看A股整个市场处于历史相对低位。中证A50的估值也处于历史相对低位中证A50指数层面，从它自身的估值水平来看，截至2024年3月11日，中证A50指数的PE-TTM为15.43倍。成份股层面，50只成份股的估值分位数在2005年以来20%以下的有24只，50%以下的有39只，大多在历史低位。同时指数也彰显出较好的成长性，2024年一致预期净利润增速为17.38%，PEG小于1。较好的成长性搭配历史低位的估值，中证A50指数的价值或进一步凸显。未来转好的信用与环境也或将利好中证A50指数从宏观环境看，目前国内正处于企业盈利的回升修复期，各项经济指标正在逐步回暖，这可能代表着A股的基本面已在初步改善，后续随着经济政策的发力，信贷增速有望在中期筑底改善。回顾历史，当国内的信用和盈利增速均同步往上时，中证A50能够相对万得全A占优，由此看中证A50与未来的宏观环境相契合，或受益于未来转好的信用与复苏的环境。总体来看，市场环境上，整个A股较低的估值水平，以及中证A50指数本身较高的成长性都是其在当下来看具备较高的价值。同时未来信用与盈利向上修复的环境也可能会和中证A50相契合，由此凸显了当下中证A50的长期价值。投资者可以关注【易方达中证A50ETF（563080）】，以在未来市场的修复中通过低费率、高透明度的投资工具，把握好成长型核心资产上升的β机会！","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421808737"}