京东金融财富投研：A股值得战略性增配

大众证券报10-18 18:30

10月18日，京东金融举办财富管理四季度策略会，分享第四季度宏观经济发展趋势以及大类资产配置方向。针对当前的A股行情，京东金融财富业务投研认为，四季度伴随财政发力、经济回暖，A股有望从“政策牛”进一步演进为“盈利牛”。在宏观政策转向、全球宽松周期开启、中国资产系统性低估的背景下，投资者可对A股进行战略性增配，提升仓位、把握结构性机会。慢牛启动首推“核心宽基+新质生产力”当前，A股行情换挡，从脉冲式...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2476285084?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2024-10-18 18:30","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2476285084","market":"hk","top_or_hot":-1,"title":"京东金融财富投研：A股值得战略性增配","media":"大众证券报","content":"<div>\n<p>10月18日，京东金融举办财富管理四季度策略会，分享第四季度宏观经济发展趋势以及大类资产配置方向。针对当前的A股行情，京东金融财富业务投研认为，四季度伴随财政发力、经济回暖，A股有望从“政策牛”进一步演进为“盈利牛”。在宏观政策转向、全球宽松周期开启、中国资产系统性低估的背景下，投资者可对A股进行战略性增配，提升仓位、把握结构性机会。慢牛启动首推“核心宽基+新质生产力”当前，A股行情换挡，从脉冲式...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024101818355795b22f4b&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>京东金融财富投研：A股值得战略性增配</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n京东金融财富投研：A股值得战略性增配\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 18:30 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024101818355795b22f4b&s=b><strong>大众证券报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>10月18日，京东金融举办财富管理四季度策略会，分享第四季度宏观经济发展趋势以及大类资产配置方向。针对当前的A股行情，京东金融财富业务投研认为，四季度伴随财政发力、经济回暖，A股有望从“政策牛”进一步演进为“盈利牛”。在宏观政策转向、全球宽松周期开启、中国资产系统性低估的背景下，投资者可对A股进行战略性增配，提升仓位、把握结构性机会。慢牛启动首推“核心宽基+新质生产力”当前，A股行情换挡，从脉冲式...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024101818355795b22f4b&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"89618","symbol_name":"京东集团-SWR","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024101818355795b22f4b&s=b","article_id":"2476285084","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024101818355795b22f4b&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2476285084","pubTimestamp":1729247430,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"10月18日，京东金融举办财富管理四季度策略会，分享第四季度宏观经济发展趋势以及大类资产配置方向。针对当前的A股行情，京东金融财富业务投研认为，四季度伴随财政发力、经济回暖，A股有望从“政策牛”进一步演进为“盈利牛”。京东金融认为，四季度应以核心宽基+新质生产力领域进行配置。以京东金融平台为例，从5月份上线“全球投资”专区至今，QDII基金的申购量增加了近90%。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"89618":"京东集团-SWR","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","JD":"京东","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU1044874839.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"AGH\" (SGDHDG) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","BK1575":"同股不同权","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1044875133.USD":"天利亚洲反向股票 AU Acc","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU0048580855.USD":"富达大中华区A","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","09618":"京东集团-SW","LU0228659784.USD":"施罗德金砖四国基金","LU0051755006.USD":"摩根大通中国A (dist)","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","BK1591":"就地过年概念","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","BK1502":"双十一","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK1610":"ETF&股票定投概念","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","BK1142":"互联网与直销零售","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD"},"translate_title":"JD Financial Wealth Investment Research: A shares are worthy of strategic allocation","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89618":0.9,"09618":1,"JD":1},"content_text":"10月18日，京东金融举办财富管理四季度策略会，分享第四季度宏观经济发展趋势以及大类资产配置方向。针对当前的A股行情，京东金融财富业务投研认为，四季度伴随财政发力、经济回暖，A股有望从“政策牛”进一步演进为“盈利牛”。在宏观政策转向、全球宽松周期开启、中国资产系统性低估的背景下，投资者可对A股进行战略性增配，提升仓位、把握结构性机会。慢牛启动首推“核心宽基+新质生产力”当前，A股行情换挡，从脉冲式涨跌到企稳慢涨，投资者活跃度提升。数据显示，从9.24金融新政到10月15日，京东金融平台上日均增长的基金新用户数，相比9.24行情之前的两周时间内日均值，环比增长超过4倍。行情进入冷静阶段，普通投资者应该买什么，对自己的长期资金如何布局?京东金融认为，四季度应以核心宽基+新质生产力领域进行配置。一方面，考虑核心宽基，如沪深300、科创50、科创100、创业板指进行基础配置;另一方面，考虑新质生产力方向，如涉及到核心供应链安全的半导体板块，以及信创、军工、核心央企等板块进行收益增强。这点也与京东金融平台上用户的基金申购数据相吻合。京东金融平台数据显示，自9月24日到10月15日，平台上指数基金的申购金额较行情前的均值翻了超过4.5倍。在大宽基方面，中证A50、沪深300、创业板、科创板成为投资者的青睐;在行业板块上，白酒最受投资者欢迎，其次是半导体芯片、人工智能、非银金融板块。当前债牛未尽尚未见到拐点针对债券市场，京东金融财富业务投研团队认为，当前债牛未尽，债市仍在牛市的环境下，尚未见到拐点，但随着政策的转向，四季度债券的扰动可能来自风险偏好的回升、机构行为变化、超预期的财政力度，尤其是10月12日财政发布会直击“化债”，新一轮大规模化债的开启，对信用债尤其城投债形成明确利好，城投的债务风险将得到进一步缓解，高票息资产的稀缺也会带来信用增配机会。需注意的是，近期信用债利差压缩速度较快，往后看流动性的扰动因素仍需关注，不宜对长久期弱资质的信用债券过度下沉。全球降息大幕开启京东金融“全球投资”专区热度高涨针对海外市场，京东金融认为，在当下全球降息大幕开启的背景下，预防式降息延续，流动性转向宽松。美国经济的衰退担忧虽然减弱，短期美股有冲高的表现，但当前估值高位，要注意大选的不确定性和或有的二次通胀给美股带来的波动率的放大。对于普通投资者来说，互联网第三方平台则成为其布局全球投资的优选渠道。以京东金融平台为例，从5月份上线“全球投资”专区至今，QDII基金的申购量增加了近90%。为进一步提升投资者布局全球资产的体验，京东金融还升级了“全球投资”专区，包括近400款投资美国、亚洲、欧洲市场的QDII基金，覆盖科技、医药、消费、制造等行业的全球赛道，还包括黄金原油、香港互认、海外债券等投资品种。殷宏","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.0","shortVersion":"4.29.0","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/2476285084"}