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2012年年底,在经济小周期复苏、股市估值触底、领导层换届效应的支撑下,股市走出一轮触底复苏行情,反弹高度超过10%,投资者信心和做多热情再度被点燃。与此同时,债券市场未能延续上半年的出色表现,下半年呈现震荡调整的走势。而欧美等外围市场虽全年表现优于A股市场,但欧元区经济复苏前景黯淡,美国财政悬崖危机对外围市场走势形成较大困扰。基金业绩表现与其相对应的基础市场密切相关,那么,2013年不同类型基金该如何配置,则成为了当前投资者关注的重点。
At the end of 2012, under the support of the recovery in the small economic cycle, the bottoming out of the stock market valuation and the change of leadership, the stock market stepped out of a bottomless recovery and the rebound height exceeded 10%. Investors’ confidence and enthusiasm for doing more were rekindled. In the meantime, the bond market failed to continue its excellent performance in the first half of the year and showed a trend of shock adjustment in the second half of the year. While the external markets such as Europe and the United States performed better than the A-share markets throughout the year, the prospect of economic recovery in the Eurozone was bleak. The Cliff crisis in the U.S. caused a big disturbance to the external market. Fund performance is closely related to its underlying market, so how to configure different types of funds in 2013 has become the focus of current investors.