10月基金月报 | 股市震荡债市向好，权益基金涨跌互现，固收基金多数录涨

Group 1: Macroeconomic Indicators - In October, the manufacturing PMI recorded 49.0%, down 0.8 percentage points from September's 49.8%, indicating continued pressure on the macro economy with weak manufacturing sentiment [2] - The CPI decreased by 0.3% year-on-year in September, while the PPI fell by 2.3%, showing a narrowing decline compared to August [2] Group 2: A-Share Market Performance - A-shares experienced a mixed performance in October, with the Shanghai Composite Index rising by 1.85% and the Shenzhen Component Index falling by 1.10% [3] - The coal, steel, and non-ferrous metals sectors saw gains exceeding 5%, while electronics, automotive, beauty care, and media sectors declined by over 3% [3] Group 3: Bond Market Dynamics - The bond market showed a mixed performance in October, with medium to long-term government bond yields declining, while short-term yields increased slightly [4] - The overall return of the bond market, as reflected by the China Bond Index, rose by 0.73% in October [4] Group 4: Global Economic Performance - The US Markit Composite PMI rose to 54.8 in October, up 1.2 percentage points from September, indicating expansion [5] - Major overseas stock indices mostly rose in October, with the Nikkei 225 and S&P 500 showing average gains of 3.92% and 2.27%, respectively [5] Group 5: Fund Performance - The Morningstar China Open-End Fund Index recorded a decline of 0.87% in October, with equity funds showing a 1.62% drop [13] - Fixed income funds generally performed well, with the Morningstar China Bond Index rising by 0.40% [13] Group 6: QDII Fund Performance - Global emerging market equity and bond mixed funds and US equity funds recorded average returns of 7.60% and 3.27%, respectively, benefiting from strong overseas market performance [17]