如何构建主动型权益基金组合？一文讲清

Introduction



The equity fund is a financial instrument, which is actively managed and invests in equities of publicly traded companies. Equity fund managers try to maximize returns through wise stock selection and intelligent market timing. In this article, we will discuss how to build an actively managed equity portfolio to achieve high returns while minimizing risk.

Portfolio Construction

The first step in building an actively managed portfolio is constructing a diversified portfolio. A diversified portfolio is one that consists of investments in different asset classes, such as stocks, bonds, and real estate, as well as asset classes that are highly correlated, such as international stocks and domestic stocks. Diversification lowers risk, because a downturn in one asset class can be offset by gains in another.

The second step is asset allocation. Asset allocation is the process of dividing the portfolio among various asset classes to optimize returns and minimize risk. Different asset classes have different types and levels of risk, so it is important to carefully consider which and how much of each asset class to include in the portfolio.

The third step is stock selection. Stock selection is the process of choosing individual stocks within an asset class that offer the highest potential returns while minimizing risk. It requires thorough analysis of the stock fundamentals and financial statements, as well as past performance and future outlook.

The fourth step is market timing. Market timing is the process of buying and selling investments at the appropriate time to maximize returns and minimize risk. This requires an understanding of the macroeconomic factors that affect the markets, such as interest rates, inflation, and political and economic events.

Conclusion

In conclusion, constructing an actively managed equity portfolio requires a combination of portfolio construction, asset allocation, stock selection, and market timing. It is a complex process that requires expertise and knowledge in order to maximize returns and minimize risk. However, with the right approach and skill set, it is possible to build a portfolio with a higher return potential than that of passive portfolios.