【公募基金】地缘扰动剧烈，结构机会持续——公募基金指数跟踪周报（2026.03.09-2026.03.13）

Investment Insights - The short-term impact of geopolitical conflicts on equity markets is expected to gradually diminish, with the market likely having priced in the risks of high oil prices over the coming months [1][6] - A-shares are anticipated to oscillate between the "HALO chain" of price increases and the "TACO chain" of growth due to geopolitical uncertainties, delayed Fed rate cut expectations, and domestic policy transmission lags [1][6] - Key areas to focus on include: (1) Energy alternatives and price increase logic, benefiting sectors like coal chemical and heat pump due to rising prices of crude oil, natural gas, and chemical raw materials [1][6][7]; (2) Structural opportunities in growth sectors, with specific attention to hardware upgrades in areas like CPO, PCB, and liquid cooling, especially with the upcoming NVIDIA GTC conference [1][7] Equity Market Review - During the week of March 9-13, 2026, major indices such as the Shanghai Composite Index and the CSI 300 experienced varied performance, with the Shanghai Composite down by 0.70% and the ChiNext Index up by 2.51% [5] - The average daily trading volume for the entire A-share market was 24,969 billion, showing a decrease compared to the previous week [5] - The "养龙虾" concept initially drove a surge in related sectors like computing power leasing and AI applications, but quickly cooled due to regulatory risks [5] Fixed Income Market Review - The bond market saw adjustments during the week of March 9-13, 2026, with the 1-year government bond yield decreasing by 0.9 basis points to 1.28%, while the 10-year and 30-year yields increased by 3.33 basis points to 1.81% and 8.53 basis points to 2.37%, respectively [2][8] - The bond market is significantly influenced by overseas geopolitical conflicts, with concerns about input inflation and delayed rate cuts leading to a rise in yields across various maturities [2][8] - If the conflict in the Middle East continues, there may be upward pressure on the yield center, particularly for long-term bonds [2][8] Public Fund Market Dynamics - The China Securities Regulatory Commission revised the disclosure guidelines for public funds to enhance transparency and protect investors' rights, effective from May 1, 2026 [10][11] - Key revisions include the integration of similar disclosure items across annual, semi-annual, and quarterly reports, and the introduction of new disclosure requirements such as trading conditions and investor statistics [11]