金融工程点评：原油延续上涨，商品基金涨幅0.77%

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The report highlights that the oil market continues to rise, with a significant increase in crude oil prices by 16.35% this week, contributing to a 0.77% increase in commodity funds [21][50]. - The A-share market saw a decline, with the Shanghai Composite Index closing at 4095.45, down 0.70%. Notably, the coal, electric equipment, and construction decoration sectors experienced substantial gains of 5.03%, 4.55%, and 4.12%, respectively [7][50]. - In the bond market, the 10-year government bond yield rose to 1.81%, reflecting a week-on-week increase of 3.33 basis points [24]. - The commodity market showed varied performance, with significant increases in crude oil and other commodities, while gold prices fell by 3.05% [32][50]. Summary by Sections 1. Major Asset Market Overview (1) Equity - The A-share market indices showed mixed results, with the Shanghai Composite Index down 0.70% and the Shenzhen Component Index up 0.76%. The coal and electric equipment sectors performed well, while military and oil sectors faced declines [7][8]. (2) Bonds - The report indicates a net cash outflow of 1011 billion yuan from the central bank's reverse repos. The 1-year, 3-year, and 10-year government bond yields were reported at 1.28%, 1.37%, and 1.81%, respectively [24]. (3) Commodities - The commodity market saw crude oil prices rise by 16.35%, while other commodities like copper and aluminum had mixed results. The South China index showed a 9.76% increase in the energy and chemical sectors [32][50]. (4) Foreign Exchange - The report notes fluctuations in currency exchange rates against the RMB, with the US dollar appreciating slightly by 0.07% [39]. 2. Fund Market Overview (1) New Fund Establishments - A total of 25 new funds were established this week, including 16 equity funds and 2 fixed income + funds, with notable large-scale funds such as the Huatai-PineBridge CSI 300 Free Cash Flow Index A at 11.761 billion yuan [42]. (2) Fund Size and Quantity - As of March 13, 2026, there are 13,756 open-end public funds with a total size of 37.71 trillion yuan, with equity funds making up the largest number at 7,392 [45]. (3) Performance - Commodity funds outperformed with a 0.77% increase, while QDII and equity funds saw declines of -0.20% and -0.69%, respectively. The report attributes the performance to ongoing geopolitical issues affecting oil prices [49][50].