摩根资产管理李德辉：景气度与估值较为匹配，重点关注光模块、锂电、有色、机械、半导体五大方向_老虎社区_美港股上老虎

摩根资产管理李德辉：景气度与估值较为匹配，重点关注光模块、锂电、有色、机械、半导体五大方向

中证金牛座01-16

近日，摩根资产管理（中国）权益均衡成长组资深基金经理李德辉在公司新年首场投资策略会上表示，2026年国内流动性环境预计保持宽松，政策面对市场呵护态度明确，经济展现出较强韧性，宏观环境整体有利于股市表现。行业配置上，李德辉主要看好五大方向：一是受AI算力需求持续扩张带动的光模块环节；二是在储能与商用车需求推动下，有望维持高增长的锂电池行业；三是因供需格局改善而具备配置价值的有色金属，如铜、铝；四是...

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