3Q2025基金及外资持仓分析:科技大时代

财通证券股份有...
Oct 30

基金发行:市场表现回暖,发行迎来拐点。三季度市场表现强势,主动基金净值普遍回升,带动基金发行回暖。从历史经验看,净值>1的主动基金占比升至80%以上后,基金发行有望加速,带动基金重仓股表现。权益配置:主动基金权益仓位历史新高。3Q25主动偏股型基金股票持仓占比提升1.4pct至85.6%,为历史新高。固收+基金的权益和转债仓位占比分别+2.5pct/-1.0pct至10%/7%。行业配置:增配科技...

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