中信建投：风格切换行至中段建议“科技底仓+红利对冲”哑铃配置

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智通财经APP获悉，中信建投证券发布研报称，当前科技与红利两大风格极致分化，红利类资产阶段性跑赢，风格切换已经到中段。位置上，科技端估值、超额收益与成交拥挤度均处高位，创业板与红利估值差逼近2倍标准差，电子板块超额乖离率亦升至3倍标准差附近。相比之下，红利类资产悲观定价较充分，中证红利价格扩散系数在季度级别已回落至-3倍标准差附近，这种极致高低差诱发了再平衡。资金上，部分科技类资金也开始向煤炭和...

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中信建投：风格切换行至中段 建议“科技底仓+红利对冲”哑铃配置

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中信建投：风格切换行至中段建议“科技底仓+红利对冲”哑铃配置