Protecting growth and adjusting structure against inflation rebalancing

"The News" is the end of the year, institutional investors how to look at the market trend, become investors focus. The fund company, which holds more than billions of dollars, disclosed its next investment strategy yesterday at the Shanghai Stock Exchange's "Super Market ETF Issue Symposium".　　Bo Time Investment research team that "to protect growth, restructuring, inflation, and rebalancing" will become the 2010 four key investment keywords. Bosera that 2010 will become China's economy from external demand to the important turning point of the year, and the future long-term industrial structure and stock market changes play a fundamental role in promoting. At this point in time, the economy is slipping and deflation is over.　　Starting next year, the growth rate of nominal GDP will increase, which means that corporate incomes will accelerate. In the process, Bo-time fund optimistic with domestic demand, wealth accumulation related industries, such as real estate, business, consumer durables and so on.　　Bosera that after China's entire wealth accumulation reaches a certain degree, the pursuit of exquisite life will become the fundamental theme of domestic demand rise, automobile, home appliances, high-end liquor, household appliances department store retail related companies are expected to have a sustained growth performance. Bo Time ETF Group investment director Wang that under low interest rates, driven by consumer upgrades, cars, housing and other direct benefit industries will remain high.　　Resources and consumption can be regarded as the long-term investment theme. In addition, with the gradual rebound in the price level, the financial industry will also become a good investment target; As the economy recovers, demand from downstream industries is booming, production prices are upbeat, prices are rising and demand recovery will be the subject of next year's investment. Bo will focus on cement, building materials, paper and other industries, and in the subdivision area to seek opportunities.　　In the middle of the economic rebound, the capital expenditure of enterprises will gradually increase, so the middle reaches capital goods investment.　　It is worth noting that, in the current small stocks continue to outperform large stocks 3 months, Bo predicted that the small plate stock plate relative to the stock plate of the excess income has been close to historical peak, the future market style may be to the large blue-chip conversion. Wang Analysis said, to November 23, the representative of the medium and small plate 700 index point has reached the 2007 "5.30" market level. By contrast, banks, petrochemicals and other large blue-chip overall valuation is low, after the week of November 23, after a sharp drop, the representative of the Super blue-chip Shanghai Super Market index also performance is very sound, November 30 since the 4 trading days are leading the Shanghai Composite Index, investment value appears.　　This means that the current is likely to be a stylistic conversion of the gestation period. He believes that the current large blue-chip sectors such as banks, petroleum and petrochemical, such as the relatively low valuation, many stocks are 20 times times the price-earnings ratio, and the future of corporate profitability may increase. This is likely to be fully poised for a new rise in the index's future.