Just issued the year-end bonus, want to buy some funds, and worry that A shares are "no better than three"? Technology, medicine, consumption, cycle, I don't know how to choose. ...

Don't worry, Zheng consulted five heavyweight Taurus fund managers for you to see how they view the risks and opportunities in the 202 1 market, and what investment secrets have been revealed!

Xing Zheng Global Fund Xie Zhiyu:

Interlacing positive and negative driving factors appropriately reduces the expected rate of return

In addition, fund investment can still be an important choice in asset allocation. Judging from the asset allocation of the whole society, the allocation of residents in the equity market is obviously insufficient. If it is allocated in the equity market at a reasonable price in the future, it may be one step ahead and get the dividend of the long-term development of the capital market from the perspective of 10.

Guangfa Fund Fu Youxing:

From the macro-economic point of view, the global economy will be in "recovery" in 20021year, and the pace of economic recovery in China will continue to lead, but it will show a trend of high before and low after. At present, domestic industrial production has returned to normal level, real estate and infrastructure have some resilience, while consumption, export and manufacturing investment continue to improve, and the economy will continue to recover in the next 1-2 quarter. By the second half of 20021,real estate and exports may weaken slightly, but there is no obvious downside risk for the time being.

Second, it conforms to the long-term direction of China's economic transformation, upgrading and development. Scientific and technological innovation and boosting domestic demand are relatively clear directions, and industries that are in line with industrial policy orientation include large consumption areas, high-end manufacturing areas and industries related to scientific and technological innovation. In the long run, these are two tracks with high growth certainty and large growth space.

China Europe Fund Zhou Yingbo:

From recovery to prosperity, the economy is optimistic about opportunities in three directions.

Looking forward to 20021,the macro-economy will move from recovery to prosperity, and the overall shock will develop upward after the epidemic recovery. Demand-side reform and supply-side reform and production structure optimization will still create structural opportunities in many fields.

In the context of economic recovery and prosperity, we are mainly optimistic about opportunities in three directions. First, optional consumer goods, such as cars and home appliances, have been boosted by the economy and their business has improved. The second is high-end manufacturing. Under the test of epidemic situation, the competitiveness of China's manufacturing industry chain is prominent, and China's position as a global manufacturing center is increasingly consolidated. The global export share of high-end manufacturing sectors such as chemicals, machinery and building materials continues to expand, which has strong global competitiveness. Third, in emerging economic fields, such as smart cars and cloud computing, the strong support of domestic policies, huge demand market and a new round of technology cycle have brought broad investment opportunities.

Yin Hua Li Xiaoxing Foundation:

China's two comparative advantages in the fields of science and technology and consumption stand out.

Compared with other countries, China has two comparative advantages. The first is the comparative advantage of high-end manufacturing. Although there is a certain gap between China and Europe and America in innovation ability, the ability of transforming scientific research achievements into commodities is leading in the world. Under this comparative advantage, China will be the best manufacturing-related science and technology enterprise in the world. In the field of science and technology, we are optimistic about electric vehicles, photovoltaics, intelligent terminals, software applications and media content.

The second comparative advantage is having the largest consumer market in the world. Through this epidemic, we can find that the epidemic control in China is one of the best in the world, and the consumer market in China is also the fastest to recover. In such a huge consumer market, the world's largest consumer goods company will be born. In the field of consumption, we are optimistic about alternative consumption, dairy products and medicine.

Cinda Aussie Fund Feng Mingyuan:

Outlook 20021With the gradual popularization of vaccines, the global macro-economy will show a gradual recovery trend, and China's economy will return to the high growth channel with great probability. It is predicted that the tone of monetary policy and fiscal policy in 20021year will be neutral with high probability.

Because it will take some time for vaccines to be popularized abroad, it is predicted that China's manufacturing exports will probably maintain a relatively prosperous trend in the first half of 20021year. Facing the new international environment, the importance of China's local market will be significantly enhanced. It is expected that the new infrastructure around 5G will accelerate again in 20021,and the domestic substitution of semiconductor industry and network security industry will be strongly supported by policies; With the recovery of the global economy, China enterprises in the consumer electronics industry chain are likely to usher in a new round of growth.

In the long run, technology is a quality track. The country's determination to develop science and technology is clear, the domestic alternative development potential is huge, and the growth space of high-quality science and technology enterprises can be expected. In the future, the upgrading of China's science and technology industry will become one of the core kinetic energy of national economic development, and China will continue to benefit from the huge benefits brought by scientific and technological progress.