（原标题：金价大涨！又爆了） 朋友们，今天一睁眼，黄金又双叒叕创历史新高了！ 今早7点半左右，现货黄金直线冲高，站上4960美元，再创历史新高。 截至记者发稿，现货黄金报4959.01美元/盎司，日涨幅达0.47%。 实际上，自2026年1月1日起，现货黄金一路冲高，在迅速冲破4400美元、4600美元、4800美元等多个关 口后，向上触及4900美元/盎司，直奔5000美元大关。 纽约期金也突破4960美元/盎司，截至发稿报4947美元/盎司，日内涨0.68%。 白银方面，现货白银首次突破96美元！最高价报96.97美元/盎司，创历史新高。 截至发稿，现货白银报96.897美元/盎司。 国内金饰方面，价格持续上涨，多家品牌金饰克价逼近1500元。 随着金价持续突破多个重要点位，且屡创历史新高后，市场热议后续空间。 【导读】现货黄金站上4960美元关口，再创历史新高 中国基金报记者 张舟 制作：小茉 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转载，否则将追究法律责任。 授权转载合作联系人：于先生（电话：0755-82468670） 高盛将2026年末金价预测大幅上调至5400美元/盎司，主 ...

Group 1 - The total scale of public funds reached 31.62 trillion units by the end of 2025, with a net subscription of 706.79 billion units in the fourth quarter, representing a growth rate of 2.29% [1] - Various fund types, including money market, index, QDII, bond, commodity, and FOF, experienced net subscriptions, while mixed funds saw the highest net redemptions, shrinking by 82.30 billion units [1][5] - Despite overall net redemptions in actively managed equity and mixed funds, 38 actively managed equity funds attracted net subscriptions exceeding 500 million units, with the highest being 6.20 billion units [2][3] Group 2 - The top actively managed equity fund, managed by Zhang Haiqiao, attracted a net subscription of 6.20 billion units, with a net subscription ratio of 2126.19% [2] - The second highest net subscription was for a fund managed by Zhang Lu, which garnered 5.22 billion units and a net subscription ratio of 513.27% [2] - The bond market showed a "rise then fall" trend, with bond funds achieving a net subscription of 824.34 billion units, increasing their total scale to 9.09 trillion units [6] Group 3 - QDII funds saw a net subscription of 1.31 trillion units, increasing their total scale to 8.17 trillion units, with a leading net subscription ratio of 19.04% [6] - Commodity funds achieved a net subscription of 238.42 billion units, with a total scale of 943.89 billion units, marking the highest net subscription ratio of 33.8% among fund types [6] - The mixed fund category experienced a net redemption of 82.30 billion units, reducing its total scale to 2.65 trillion units, with a net redemption ratio of 3.02% [5][6]

为响应沪深交易所ETF命名规范化要求，提升投资者体验，嘉实基金宣布于1月23日对旗下31只ETF产品实施集体更名，统一采用"标的指数+ETF+管理人 名称"的标准化命名模式。本次更名涵盖16只深交所产品和15只上交所产品，至此嘉实基金已有58只产品完成命名规范化变更，所有产品代码保持不变。 此次更名覆盖嘉实核心宽基、策略、高景气细分行业、跨境及商品ETF。其中，千亿规模产品沪深30ETF、中证500ETF，分别变更为"沪深300ETF嘉 实"（159951）、"中证500ETF嘉实"（159922）；集成电路ETF、绿色电力ETF、高端装备ETF等赛道类产品同步变更为集成电路ETF嘉实（562820）、绿 色电力ETF嘉实（159625）、高端装备ETF嘉实（159638）；德国ETF、标普油气ETF等跨境类产品，则调整为德国ETF嘉实（159561）、标普油气ETF嘉 实（159518）。 | 159638 | 高端装备ETF | 高端装备ETF嘉实 | 中证高端装备细分50指数 | | --- | --- | --- | --- | | 159831 | 上海金ETF嘉实 | SELL 25 | 上海黄金 ...

Core Viewpoint - The comprehensive fee reform in the public fund industry has been fully implemented, leading to a continuous trend of fee reductions among various funds to lower investment costs for investors and enhance their sense of returns [1][7]. Group 1: Fee Reductions Announced - Multiple funds have announced fee reductions, including Huaxia Fund, which lowered the management fee from 0.50% to 0.15% and the custody fee from 0.10% to 0.05%, achieving reductions of 70% and 50% respectively [3][5]. - Tianhong Fund reduced the management fee from 0.70% to 0.30% and the custody fee from 0.15% to 0.05%, with reductions of 57.1% and 66.7% respectively [5]. - Other funds, such as Guangfa and Huatai, have also announced similar fee reductions, with management fees dropping to as low as 0.15% and custody fees to 0.05% [6]. Group 2: Growth of Low-Fee Funds - As of January 1, the new regulations on public fund sales expenses have been implemented, marking the completion of a two-year fee reform process, resulting in an increase in low-fee funds [7]. - Currently, nearly 1,200 funds have annual management fees of 0.15% or lower, while over 2,400 funds have custody fees of 0.05% or lower, primarily consisting of stock index funds, bond funds, and money market funds [8]. - The management fees for public REITs generally range from 0.1% to 0.2%, with some products exceeding 0.5%, while custody fees can be as low as 0.01% [8]. Group 3: Industry Transformation - Industry experts believe that the public fund fee reform represents a systemic and structural reshaping of the industry ecosystem rather than a mere fee reduction [9]. - In the long term, this reform is expected to shift the industry focus from scale expansion to service enhancement, contributing to sustainable development within the industry [9].

（原标题：特朗普威胁：如果欧洲抛售美国资产 将采取"大规模报复"） 【导读】若欧洲抛售美资产特朗普将报复 特朗普此前（现已放弃）曾威胁：为了推动对格陵兰岛的控制，将对八个欧洲国家的商品大幅加征关 税。这一表态引发市场猜测，欧洲可能会抛售数万亿美元的美国债券和股票作为反制手段。 丹麦养老基金AkademikerPension本周宣布计划退出1亿美元的美国国债投资；格陵兰的SISA Pension则 表示，正在考虑是否应继续投资美国股票。 不过，"卖出美国"（Sell America）策略很可能并不容易实施。大部分相关资产由私人基金持有，不在 各国政府直接控制之下；但一些大型持有者——包括挪威的主权财富基金——若集中抛售，仍可能对美 国资本市场造成影响。 美国财政部长斯科特·贝森特本周早些时候淡化了丹麦方面的抛售行为，称他"完全不担心"。 贝森特周三在达沃斯表示："丹麦对美国国债的投资，就像丹麦这个国家本身一样，无足轻重，他们多 年来一直在卖美债。" 特朗普威胁，如果欧洲抛售美国资产 将采取"大规模报复" 1月22日晚间，美国总统特朗普表示，如果欧洲国家为回应他的关税威胁而抛售美国资产，他将进行"强 烈报复"。 ...

【导读】2025年第四季度公募基金产品盈亏数据公布 随着2025年基金第四季报披露完毕，公募基金盈利情况最新出炉。 市场经过快速上涨后进入调整期，去年第四季度公募基金"赚钱效应"减退。数据显示，第四季度公募基 金产品整体亏损1101亿元，这也是自2024年第四季度以来，首个亏损季。国投瑞银、华安、永赢等3家 基金公司盈利超60亿元。 从产品类型看，股票型、混合型及QDII基金成为第四季度亏损的"主阵营"，本期利润分别达到-1308.95 亿元、-495.09亿元、-710.47亿元。 从2025年全年来看，公募基金依旧大丰收，合计盈利达到26041.07亿元，权益类基金仍是盈利的"大 户"，易方达、华夏、南方、广发、嘉实、华泰柏瑞、富国基金利润超过1000亿元。 去年四季度公募基金产品亏损1101亿元 经历2025年第三季度的快速上涨之后，2025年第四季度市场整体呈现高位宽幅震荡走势，科技成长股明 显回调。债券市场方面，政策面与资金面均显宽松，债市整体呈现震荡修复特征。 具体来看，股票型、混合型基金2025年第四季度利润分别达到-1308.95亿元、-495.09亿元，权益基金成 为亏损的主要来源。QDII ...

Core Viewpoint - Denmark is actively participating in negotiations regarding the Greenland framework agreement, emphasizing close cooperation with Greenland [1] Group 1: Denmark's Position - Danish Prime Minister Frederiksen stated that NATO is not authorized to negotiate on behalf of Denmark and Greenland [1] - Denmark has begun collaborating with the U.S. government to clarify the process of these negotiations [1] Group 2: U.S. Involvement - U.S. President Trump announced on social media that he has established a framework for an agreement concerning Greenland with NATO Secretary General Stoltenberg [1] - Stoltenberg indicated that a "good consensus" has been reached between the parties involved [1]

Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising by 306.78 points, or 0.63%, to 49,384.01 points; the Nasdaq increased by 211.20 points, or 0.91%, to 23,436.02 points; and the S&P 500 gained 37.73 points, or 0.55%, to 6,913.35 points [2][3]. Legal Action - Former President Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon, seeking $5 billion in damages. The lawsuit claims that JPMorgan closed multiple bank accounts belonging to Trump and his related businesses due to "political and social motives" following the January 6 Capitol riots [4][5]. Company Developments - Nvidia's CEO Jensen Huang confirmed that Nvidia has surpassed Apple to become TSMC's largest customer, accounting for approximately 13% of TSMC's total revenue [7][8]. - Intel reported fourth-quarter 2025 revenue of $13.67 billion, a year-over-year decrease of 4.1%, exceeding market expectations of $13.43 billion. However, the company provided a weak guidance for the first quarter of 2026, projecting adjusted earnings per share of $0.00, below the market estimate of $0.08, and revenue expectations between $11.7 billion and $12.7 billion, compared to the market forecast of $12.56 billion [10][12].

Market Overview - The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising for the second consecutive day, recovering losses from earlier in the week. The Dow gained 306.78 points, or 0.63%, closing at 49,384.01 points; the Nasdaq increased by 211.20 points, or 0.91%, to 23,436.02 points; and the S&P 500 rose by 37.73 points, or 0.55%, to 6,913.35 points [2][3]. Legal Action Against JPMorgan Chase - Former President Trump has filed a lawsuit against JPMorgan Chase and its CEO Jamie Dimon, seeking $5 billion in damages. The lawsuit claims that JPMorgan Chase closed multiple bank accounts associated with Trump and his businesses due to "political and social motives" following the January 6 Capitol riots [7][8]. - The lawsuit alleges that JPMorgan Chase, under Dimon's direction, unlawfully blacklisted Trump and his affiliates, informing other financial institutions of this action. JPMorgan Chase has expressed regret over the lawsuit, asserting that account closures are typically due to legal, compliance, or regulatory risks, not political reasons [8] [9]. Intel's Earnings Report - Intel reported fourth-quarter revenue of $13.67 billion for 2025, a 4.1% year-over-year decline, but above the market expectation of $13.43 billion. The adjusted earnings per share for the fourth quarter were $0.15, compared to $0.13 in the same period last year, exceeding the forecast of $0.09 [12]. - However, Intel's guidance for the first quarter of 2026 was weak, projecting adjusted earnings per share of $0.00, below the market expectation of $0.08, and revenue estimates ranging from $11.7 billion to $12.7 billion, compared to the market forecast of $12.56 billion. Following this guidance, Intel's stock fell over 13% in after-hours trading [12]. Nvidia Becomes TSMC's Largest Customer - Nvidia's CEO Jensen Huang confirmed that Nvidia has surpassed Apple to become the largest customer of TSMC. Industry insiders estimate that Nvidia now accounts for 13% of TSMC's total revenue, placing it in the top position [10].

特朗普威胁，如果欧洲抛售美国资产 将采取"大规模报复" 1月22日晚间，美国总统特朗普表示，如果欧洲国家为回应他的关税威胁而抛售美国资产，他将进行"强 烈报复"。 特朗普在瑞士达沃斯世界经济论坛期间接受采访时说，"如果他们要这么做，那就做吧。但你知道，如 果真发生这种事，我们这边会进行强烈报复，而且我们手里牌都齐全。" 特朗普此前（现已放弃）曾威胁：为了推动对格陵兰岛的控制，将对八个欧洲国家的商品大幅加征关 税。这一表态引发市场猜测，欧洲可能会抛售数万亿美元的美国债券和股票作为反制手段。 丹麦养老基金AkademikerPension本周宣布计划退出1亿美元的美国国债投资；格陵兰的SISA Pension则 表示，正在考虑是否应继续投资美国股票。 不过，"卖出美国"（Sell America）策略很可能并不容易实施。大部分相关资产由私人基金持有，不在 各国政府直接控制之下；但一些大型持有者——包括挪威的主权财富基金——若集中抛售，仍可能对美 国资本市场造成影响。 瑞银集团首席执行官Sergio Ermotti表示，投资者若抛售美国资产和美元，是在下一个"相当危险的赌 注"。 Ermotti周二在瑞士达沃斯举行 ...