社会服务行业专题研究:价格因子企稳+机构持仓筑底 看好顺周期布局窗口期

国联民生证券
Nov 11

行情复盘:年初至今社服板块跑输大盘,基金持仓处于历史底部社会服务板块年初至今社会服务板块涨跌幅+9.12%,31 个申万一级行业中社会服务排第20 位,相对沪深300 收益-9.78%。按照申万一级行业分类口径,2025Q3 社会服务基金配置比例为0.46%(环比-0.64pct);若剔除美团-W,社会服务基金持仓比例为0.4%(环比-0.21pct),已处于历史低位。边际变化:10 月份CPI ...

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