Wang Jing, Chuangjin Hexin Fund: The growth style will still prevail

China Securities Network News (reporter Yu Shipeng) Wang Jing, chief strategist and assistant chief investment officer of Chuangjin Hexin Fund, recently issued a point of view that after the rapid rise in the early stage, the valuation level of new energy, semiconductors and other industries has risen to a reasonable valuation ceiling, and the market has certain concerns, so there has been a certain high-low switching action. However, these industries still maintain a high degree of prosperity, there is no sign of an inflection point, it is expected that the growth style represented by the "Ning combination" will still be dominant, and the high-prosperity tracks such as new energy and military industry are also expected to remain relatively active.

Wang Jing pointed out that overall, in the remaining time of this year, market funds will still explore investment opportunities around the high prosperity. On the one hand, after the previous adjustment, the consumption, medicine and other sectors may gradually receive long-term capital attention, but it is difficult to have trend opportunities in the short term; on the other hand, the fourth quarter is approaching, and the market may then carry out the allocation layout in the coming year from the two main lines of valuation switching and industry prosperity comparison. At present, new energy, semiconductors, military industry, etc. all have medium- and long-term deterministic trends and short-term high prosperity characteristics. In the case of the overall economic growth rate returning to normal, the deterministic growth target will continue to obtain a scarcity premium.