2024-01-29 07:37:48
Taiwan stocks have returned to 10,000 points this year. Will they rise once more this year? Whether it is the stock market or the bond market, managers around the world believe that the attitude of the U.S. Federal Reserve is the key. Yuanta Investment Trust held an investment and financial management seminar today (29th). Chairman Liu Zongsheng said that any monetary policy has timeliness, so don’t be wishful thinking. Interest rates will be cut, but this year’s investment strategies include both stocks and bonds, focusing on industry leaders first.
Liu Zongsheng, chairman of Yuanta Investment Trust, said that buying ETFs is not to earn interest, but to focus on industry leaders.Picture/photographed by reporter Chen Yimin
Liu Zongsheng said that if interest rates are not raised this year, they will be lowered, but don’t be wishful thinking, because this is not something that can be achieved at once. “Any monetary policy has timeliness.” Just like having a fever, you can take medicine, but you can’t just take it if you want to. There will be drug resistance.
“Monetary policy is useful, but it cannot be used casually.” Liu Zongsheng said that during the six-month waiting period between not raising interest rates and cutting interest rates, the rate cut is expected to be slightly conservative. If it is lowered, it will be a bullish signal. The bond market is neutral to bullish, and the stock market can be conservative.
You don’t buy ETFs to earn interest. Liu Zongsheng said that high interest rates can be maintained for another period of time. The impact on leading companies is relatively mild and has deep investment value. We can still pay attention to industries whose revenue and profits are supported by demand. They are expected to continue to act as a locomotive for rising prices. You can pay attention to every opportunity. Back to the time of undertaking, it may be possible to lock in a leading fund that focuses on industry leaders.
According to statistics, Yuanta Global High-Quality Leading Balanced Fund has increased by more than 20% since its establishment on August 24, 2022, which is better than the average return rate of the same type (10.4%) and ranks first among funds of the same type.
Spreading out the top ten holdings, Microsoft, Amazon, Eli Lilly, Adobe INC, etc. are all on the list. Japan’s leading stocks are also on the list. Benefiting from the upgrade of the competitiveness of Japan’s manufacturing industry, it is expected to once once more lead the rise of Japanese stocks. Previously, the Japanese stock market They are all led by large trading companies and financial stocks, but the new group is beyond imagination. Japan has absolute dominance in semiconductors. Photoresists, cleaning agents, aluminum electrolytic solvents and other materials are almost monopolized by Japan. Driven by the rebound in semiconductor demand , is expected to boost the profit growth of related industry chains.
It will be announced next month whether Taiwan Electromechanical will set up a factory in Kumamoto. It will be beneficial to Japan and Taiwan. Now whether they are on business trips to Japan or Japanese professional institutions come to Taiwan, they are all familiar with TSMC. The Biden administration may also give TSMC More subsidies.
In March last year, the Tokyo Stock Exchange required companies whose stock price to net value ratio was less than double to improve. Corporate changes will also help improve shareholder remuneration levels and corporate profits. The long-term appeal of Japanese stocks will be more attractive.
As for the Taiwan stock market, Liu Zongsheng reiterated: “You have searched for him through Baidu, but that person is in the dim light.” Taiwanese companies’ profits continue to hit new highs. The outside world looks at foreign investment sales exceeding hundreds of billions, but in fact the adjustment is less than 5%. “There are many in the middle.” It is a profit-stopping exit, or the parent company needs funds to exit temporarily.” In the long run, foreign investors are still very optimistic regarding Taiwan stocks.
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