Entering the fourth quarter, how do asset management institutions rank major asset classes? Overall, most of the institutions surveyed ranked stock allocation priority first, while there were differences in the ranking of bonds and commodities. “In terms of relative cost performance, stocks and bonds as a whole may be superior to commodities.” Lee Mei Sum, chief asset allocation officer of CaiTong Asset Management, told the reporter that in terms of stocks, most broad-based index valuations are in the historical ranking of around 60%, and the GEM index is about 25%. You can select a direction with performance support in the third quarter or an opportunity to switch valuations in 2027 in the direction of segmentation of growth and sustainable traditional undervaluation dividends. In terms of commodities, the oil chain and agricultural products rose significantly in the third quarter, and there were many adjustments in other directions. The fourth quarter could be arranged around low-ranking varieties. The relevant person in charge of asset management of Guang Securities believes that the relative cost performance ratio for major asset classes in the fourth quarter was “stocks > bonds > commodities.” The pace of policy momentum moved backwards, and domestic demand pressure increased from July to August. The economy is likely to “hold back first and then rise” in the second half of the year, which is beneficial to stock market performance in the fourth quarter, and the market is expected to spread from AI to traditional industries.

Entering the fourth quarter, how do asset management institutions rank major asset classes? Overall, most of the institutions surveyed ranked stock allocation priority first, while there were differences in the ranking of bonds and commodities. “In terms of relative cost performance, stocks and bonds as a whole may be superior to commodities.” Lee Mei Sum, chief asset allocation officer of CaiTong Asset Management, told the reporter that in terms of stocks, most broad-based index valuations are in the historical ranking of around 60%, and the GEM index is about 25%. You can select a direction with performance support in the third quarter or an opportunity to switch valuations in 2027 in the direction of segmentation of growth and sustainable traditional undervaluation dividends. In terms of commodities, the oil chain and agricultural products rose significantly in the third quarter, and there were many adjustments in other directions. The fourth quarter could be arranged around low-ranking varieties. The relevant person in charge of asset management of Guang Securities believes that the relative cost performance ratio for major asset classes in the fourth quarter was “stocks > bonds > commodities.” The pace of policy momentum moved backwards, and domestic demand pressure increased from July to August. The economy is likely to “hold back first and then rise” in the second half of the year, which is beneficial to stock market performance in the fourth quarter, and the market is expected to spread from AI to traditional industries.