According to the Huatai Securities Research Report, the market risk appetite continued to decline in November. Currently, all A ERP is near the average of the past rolling 5 years, and the overall performance of the high-dividend sector is still relatively strong. Among them, banks, petroleum and petrochemicals performed relatively well this month. Looking ahead to December, we believe that along with market risk appetite or correction, long-term interest rates on overseas US bonds and the US dollar index have declined, and the previous adjustments or were sufficient in terms of rival assets. The allocation value of high-dividend sectors declined marginally from November. In terms of allocation, it is recommended to continue to focus on “anti-internal volume” related cyclical high dividends and some high-potential dividend varieties.

According to the Huatai Securities Research Report, the market risk appetite continued to decline in November. Currently, all A ERP is near the average of the past rolling 5 years, and the overall performance of the high-dividend sector is still relatively strong. Among them, banks, petroleum and petrochemicals performed relatively well this month. Looking ahead to December, we believe that along with market risk appetite or correction, long-term interest rates on overseas US bonds and the US dollar index have declined, and the previous adjustments or were sufficient in terms of rival assets. The allocation value of high-dividend sectors declined marginally from November. In terms of allocation, it is recommended to continue to focus on “anti-internal volume” related cyclical high dividends and some high-potential dividend varieties.