数据来源于沪深交易所。风险提示：国防军工ETF被动跟踪中证军工指数，该指数基日为2004.12.31， 发布于2013.12.26。以上个股均为标的指数成份股，仅作展示，个股描述不作为任何形式的投资建议， 也不代表管理人旗下任何基金的持仓信息和交易动向。基金管理人评估的该基金的风险等级为R3-中风 险，适宜平衡型（C3）及以上投资者，适当性匹配意见请以销售机构为准。任何在本文出现的信息 （包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资人须 对任何自主决定的投资行为负责。另，本文中的任何观点、分析及预测不构成对阅读者任何形式的投资 建议，亦不对因使用本文内容所引发的直接或间接损失负任何责任。基金投资有风险，基金的过往业绩 并不代表其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资需谨 慎。 中国银河证券认为，短期来看，"九三"后资金兑现调仓接近尾声，国防军工板块有望企稳。此外，"十 四五"装备采购尾单或将于近期落地，上游订单环比增速有望走高。中期来看，"十五五"装备采购计划 预期积极，订单端牵引有望于第四季度落地。北约各国大幅提升军费支出，全球军 ...

Group 1 - The core viewpoint highlights the strong performance of the domestic AI industry chain, particularly the Sci-Tech Innovation Artificial Intelligence ETF (589520), which has shown a consistent upward trend over the past week [1] - Major component stocks such as Yuntian Lifei, Chipone, and Cambricon have experienced significant gains, indicating a positive market sentiment towards AI-related companies [1] - The Meta Connect conference is anticipated to showcase new AI glasses, with analysts optimistic about the long-term potential of AI and AR glasses as a key interaction interface [3] Group 2 - The urgency and importance of domestic computing power localization are increasing amid global tech competition, with expectations for rapid growth in domestic computing power demand by 2025 [4] - The domestic computing power chip market is projected to reach a trillion-level market size, driven by the need for self-sufficiency in technology [4] - The Sci-Tech Innovation Artificial Intelligence ETF is positioned to benefit from policy support and the trend of AI development, focusing on companies that are leaders in their respective segments [4][5] Group 3 - The ETF offers a low-threshold investment opportunity with a high degree of aggressiveness, as it has a 20% price fluctuation limit, allowing for efficient capital deployment during market surges [5] - The top ten holdings of the ETF account for over 70% of its weight, with the semiconductor sector representing more than half of the portfolio, indicating a concentrated investment strategy [5]

9月18日早盘，券商板块走弱，个股集体回调，截至发稿，长城证券跌逾5%，首创证券、太平洋、国盛 金控跌超4%；权重股方面，东方财富跌近3%，中信证券、国泰海通微跌。300亿顶流券商ETF （512000）场内价格现跌1.32%，开盘不足半小时实时成交额超5亿元，交投活跃。 | 分时 $日 1分 * | F9 盘前盘后 叠加 九转 面线 工具 @ 2> | | | | | | 勞商ETF 1 | ਲਾ | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.615 | 215000[品質ELE] 08:57 例 0/598 點點 -0.008(-1.35%) 130% 130% ■ | | 0.598 -0.008 -1.32% | | | | | 512000 ~ | | | | | SSE CNY 9-57-28 交易中 | | | | | 第 第 章 文 1 十 | | 0.611 | | 0.7496 | 净值走势 华宝中证全指正券公 | | | 今年 | 6.79% 120日 | 12,94% | | 0.606 | | 0.00% ...

9月18日早盘，港股通创新药板块终于反弹！港股通创新药ETF（520880）100%布局创新药研发公司， 开盘后一度冲高逾2%，仅20分钟成交额突破1亿元。 成份股方面，映恩生物-B、荣昌生物一度齐涨超6%，康方生物涨、百济神州涨超2%。 值得关注的是，港股通创新药ETF（520880）场内继续溢价交易，显示买盘仍强。截至昨日，该ETF已 连续12日吸金。兴证全球策略首席张忆东最新表示，依然战略看多创新药行情，9月份或是布局良机。 消息面上，近期创新药利好仍多，为多头"越跌越买"提供充足动力。 政策面，国家药监局发布《关于优化创新药临床试验审评审批有关事项的公告》，明确提出对符合要求 的创新药临床试验申请设立"30日审评审批通道"，进一步推动创新药研发提速。 | | | | 港股通创新药ETF (520880) 标的指数 "提纯", 剔除CXO, 100%聚焦创新药研发 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 44.65 | 简练 | 估算权重(%) | 44.663 | 简称 | 估算权重(%) | | | 9995.HK | 荣昌强劲 ...

博时基金热点解析 美联储如期降息25bp ❗️ 基金有风险，投资需谨慎。基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保 证基金一定盈利，也不保证收益。基金的过往业绩并不预示其未来表现。 MACD金叉信号形成，这些股涨势不错！ 市场方面，由于降息未超预期，美债利率和美元反弹，黄金下跌，美股先跌后涨收平。 对此，博时基金认为： 本次降息为预防式降息，从历史来看，美国制造业在降息开启后1年从底部回暖，预期降息或将带来 2026年美国的增长与通胀边际上行。 回顾历史，历次降息后1个月、3个月和6个月内，A股、港股表现可能较好，本次降息叠加中国AI产业 竞争力提升，看好中国资产后续行情。 数据来源：Wind、美联储，截至2025年9月18日。 ☀️热点☀️ 美联储9月FOMC会议重启降息，将联邦基金利率的目标区间下降25bp至4~4.25%，符合市场预期。同 时，美联储下调超额准备金利率25个基点至4.15%，下调储备金利率25个基点至4%，并决定维持当前资 产负债表缩减步伐。美联储点阵图预期今年或还将降息2次（共50bp）。 决议中，美联储认为"就业增长放缓"、"判断就业形势的下行风险已经上升"、 ...

Core Viewpoint - The article discusses the importance of the margin of safety in investing, particularly in light of Warren Buffett's recent acknowledgment of a significant investment mistake involving Kraft Heinz, where Berkshire Hathaway recorded a $3.8 billion asset impairment [2][7]. Group 1: Investment Principles - The concept of margin of safety, as defined by Benjamin Graham, refers to the difference between a security's market price and its assessed value, providing a buffer against potential losses [4]. - Buffett emphasizes that even good companies can become poor investments if purchased at too high a price, highlighting the critical relationship between margin of safety and potential returns [7]. - The essence of using margin of safety in investing is to limit the possibility of losses, making it easier to realize gains [7][12]. Group 2: Buffett's Investment Philosophy - Buffett's investment strategy is heavily influenced by the principle of margin of safety, which he learned from Graham, focusing on understanding the risks associated with investments rather than just price fluctuations [3][13]. - The article notes that Buffett's past investment in Kraft Heinz, which he later deemed a mistake, serves as a cautionary tale about the importance of adhering to the margin of safety principle [2][7]. - The article also mentions that successful investing requires patience and the ability to withstand periods of underperformance while waiting for the right opportunities [11][14]. Group 3: Market Behavior and Valuation - The article highlights that during market downturns, stocks may be sold off irrationally, creating opportunities for investments with significant margins of safety [11]. - It discusses the challenges of identifying undervalued securities, emphasizing the need for qualitative analysis of business models, management, and market conditions [13][14]. - The importance of understanding one's limitations and maintaining humility in investment decisions is also stressed, as no investor can have complete knowledge of all factors affecting a company [13].

18日早盘，金融科技开盘下探，资金大举抢筹。中证金融科技主题指数下探2%，多只成份股飘绿。其 中，银之杰领跌超7%，指南针、大智慧跌超5%，同花顺、财富趋势、东方财富等多股跌超2%。同类规 模超百亿、流动性断层第一的金融科技ETF（159851）场内下探2%，资金实时净申购超3亿份。 | | 分财 多日 1分 5分 · | | | | | F9 盘前盘后 露加 九种 西班 工具 3 2 > | | | | | | | | 全融科技ETF | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.00 | | | | 159851 全肥料技ETF] 09:47 价 0.945 温家 -0.025[-2.58%] 均价 0.9. | | | | | F | | 0.945 -0.025 -2.58% | | | 4 COOR 75 | | | | | | | | | | | | | | | SZSE CNY 9:47:45 交易中 | | | | ...

专题：美联储开启降息周期 机构预计10、12月再降息 看好黄金表现 四、本次会议发布最新的经济预测摘要及利率点阵图：相较于6月会议，委员会增加了对2028年的经济 预测，将2025年到2027年的GDP成长率中位数分别上调至1.6%，1.8%及1.9%，将明年及后年的失业率 中位数分别下调至4.4%及4.5%，维持今年PCE及核心PCE的预测不变，但上调明年整体PCE及核心PCE 中位数至2.6%。 | 预测中位数 | 2025 | 2026 | 2027 | 2028 | 长期 | | --- | --- | --- | --- | --- | --- | | GDP | 1.6% | 1.8% | 1.9% | 1.8% | 1.8% | | | (1.4%) | (1.6%) | (1.8%) | | (1.8%) | | 共业率 | 4.5% | 4.4% | 4.3% | 4.2% | 4.2% | | | (4.5%) | (4.5%) | (4.4%) | | (4.2%) | | PCE | 3.0% | 2.6% | 2.1% | 2.0% | 2.0% | | | (3.0%) | (2. ...

ETFEFR # <<<< >>>> ETFUFF 2025 Sep 即得知道 1 Q 大盘30ETF ETFOFAN 认购代码 520563 重磅首发中 (44) ll 市场温度计 >>>> ETEFER 中长期信号 · 投资看温度 -- 75% -- > 75% 75% -- + 25% -- + 25% -- > 25% ETFOLFERS <<<<< ↑ 0.37% ↑ 1.16% ↑ 1.95% 上证指数 深证成指 创业板指 注：温康计水银条由时应指数的近十年市盈率分位数表示，总值为I00%。数据来源： lFind，就至 2025.9.17，上证指数、深证成指、创业板指的近十年市盈率分位数分别为96.26%、8L.98%、48.87% ETFEFA e 0 0 0 ७ 板块热力图 4446 短期轮动走向·观九宫热力值 +2.55% +2.05% +1.64% 电力设备 汽车 家用电器 EFEFERS +1.62% +1.38% -0.50% 煤炭 综合 食品饮料 -0.86% -0.98% -1.02% 社会服务 农林牧渔 商贸零售 数据来源:iFind,截至2025.9.17,以中万一级行业区分, ...

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 为深入贯彻落实"新时代·新基金·新价值——北京辖区公募基金高质量发展引领行动"，切实推进投资者 教育走深走实，近日，汇安基金、银华基金、东方基金、泓德基金、宏利基金、东兴基金、天相投顾七 家机构共同走进海淀区红联村社区，开展了一场别开生面的"金融知识进万家"主题活动。本次活动 以"互动+宣讲"双轮驱动，聚焦百姓金融安全急难愁盼，精准发力、暖心服务，助力社区居民尤其是"银 发一族"守好钱袋子、筑牢防火墙。 u . 胜重出身之间 强化服务与管理机对 A.A A 查詢 P ell of e I II BAND NE u N 现场活动精彩纷呈，气氛轻松愉悦。"反诈大转盘"知识问答和传统投壶游戏巧妙融合金融常识与趣味挑 战，居民参与热情高涨，在欢声笑语中轻松掌握反洗钱、防诈骗、理性投资等实用知识。活动通过"玩 中学、学中记"的方式，实现金融科普零距离、知识进家户，有效增强社区居民的风险识别与防范能 力。 现场发放各类纸质及电子投教材料，内容涵盖反诈案例解析、投资心理调适、投资基础知识等，材料设 计简洁明了、贴近百姓生活，成为居民随手可查、随时可学的"金融小贴 ...