《大行》大和:TACO交易推動次季中國公募基金加速流入港股 料A股將追落後
大和發表研究報告指,第二季全球「TACO交易」(特朗普總是臨陣退縮)熱潮下,中國公募基金第二季加速流入港股,H股持續獲支持,醫療保健、通訊及金融成爲最受青睞板塊,而投資者對A股興趣則持續低迷,滬深300指數表現落後。
報告引述Wind統計數據指,中芯國際(00981.HK)及泡泡瑪特(09992.HK)首次躋身主動權益基金十大重倉股,消費補貼力度減弱及當局反貪腐打擊公款消費,令市場大幅減持消費板塊,家電、食品飲料及零售配置比例下降,伊利(600887.SH)、海爾智家(600690.SH)均遭減持。
展望第三季,該行預期上遊材料及科技板塊將受政策預期及AI概念推動重獲關注,預期隨着A股追落後,公募基金對港股的配置比例或回落。
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