市场风格切换+高股息加持,银行板块配置窗口开启,同类超额收益第一的银行ETF易方达备受关注

东方财富
Nov 04, 2025

风格再平衡机遇:三季度科技成长股行情极致演绎后,小盘成长相对大盘价值的超额收益已达历史高位,市场从高波动成长向低估值、高股息价值板块切换,银行作为大盘价值核心标的,有望受益于这一趋势。高股息性价比突出:低利率环境下,中证银行指数当前约4.0%的股息率具备较强吸引力。其相对国债的利差处于历史高位水平,且相较于其他红利资产,银行板块Q3已提前完成调整,当前静态股息率优势再度显现。估值基本面修复空间:...

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