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大消费是贯穿2010年市场的重要投资主题,在去年为基金贡献颇丰;尤其是一批绩优基金坚定把握消费主线,在去年的震荡市中也获取了不菲收益。自2010年四季度以来,市场发生了渐进的风格转换,食品、医药、零售等代表性消费类股票均进入相对调整期,表现落后于大盘。A股市场再次出现渐进但显著的风格轮动特征。
Big spending was the key investment theme throughout the market in 2010 and contributed quite a lot to the fund in the past year. In particular, a number of blue chip funds have firmly grasped the main line of consumption and gained huge profits during last year’s turmoil. Since the fourth quarter of 2010, there has been a gradual shift in style in the market. Representative consumer stocks such as food, medicine and retail have all entered a relative correction period, outperforming the broader market. A-share market once again appeared a gradual but significant style of rotation features.