Group 1 - The article highlights the strong resilience of the capital market at the beginning of 2026, driven by high investor enthusiasm and robust market dynamics [1] - It emphasizes the significance of 2026 as the starting year of the "14th Five-Year Plan," which carries the mission of establishing a good foundation for future growth amidst changing macroeconomic conditions [1] - The external environment is characterized by subtle adjustments in the Federal Reserve's monetary policy, varying recovery momentum in Europe, and Japan's policy responses to inflation pressures, contributing to a complex global liquidity landscape [1] Group 2 - The article discusses the dual opportunities and challenges present in the A-share market as the fiscal and monetary policies in 2026 are expected to provide sustained upward momentum for the capital market [1] - A significant event, the "2026 Investment Strategy Conference," organized by Bosera Fund and Securities Times, is set to take place on January 9, featuring industry experts and analysts who will analyze policy directions, market logic, and investment opportunities [1][2]

] 基金有风险 投资需谨慎 广告 25年度社区榜单乡 n 同心相伴行致远，智启财富赴新程 年度热门讨论榜 年度影响力牛人 年度暖心陪伴榜 0 在天天基金社区，我们一同走过了2025年的四季轮转。无数个平凡的日子里，正因有各位创作者与 机构伙伴的真诚分享、深度解读与温暖互动，才让这里始终闪耀着思想的火花与陪伴的温度。 这一年，我们见证了坚持的价值，也收获了共同成长的喜悦。为感谢每一份用心输出，天天基金社 区从内容质量、互动频率、用户反响等多个维度综合评选，正式发布2025年度六大榜单：年度暖心 陪伴榜、年度热门讨论榜、年度优质互动经理人、年度社区热门圈友、年度涨粉先锋以及年度影响 力牛人。这份榜单，是我们对所有同行者的一份致敬。 现在，让我们一起揭晓天天基金2025年度社区榜单，认识这些始终陪伴在我们投资路上的引路人与 同行者。 一、 年度暖心陪伴榜 持续分享投资策略，与投资者相伴而行，他们是： 华夏基金、国泰基金、易方达基金、华宝基金、鹏华基金、银华基金、永赢基金、富国基金管理有 限公司、信达澳亚基金、博时基金、创金合信基金、广发基金、景顺长城基金、招商基金、工银瑞 信基金、建信基金、汇添富基金、嘉实基金、中 ...

基金直播的 "流量担当" 是它们！ 2025年基金直播圈的 "年度成绩单" 新鲜落地！天天基金2025年度直播荣耀排行正式揭晓！ 谁是基金直播的顶流机构？ 哪家的直播互动能让你 "聊到停不下来"？ 哪位主播凭实力圈粉无数？现在给 你划重点 【直播影响力榜】 大 外 型 天弘基金 ke see was and and the sering to the sering to the sering to the sering to the sering to the sering to the sering to the ser 方正富邦基金 招商基金 永赢基金 同泰基金 VIC 中航基金 万家基金 东财基金 腿华基金 信达澳亚基金 汇添富基金 长信基金 喜实基金 「评选标准」 统计区间: 2025.1.1-12.15 影响力: 按照观看次数 (30%)、平均观看时长 (20%) 、点赞 量 (20%) 、关联交易量 (30%)，进行加总计算排名。 【 直 播 互 动 人 气 榜 】 哪 家 直 播 能 让 你 " 聊 到 上 头 " ？ { 长信基金 } {工银瑞信基金} { 南方基金} 博时基金 银布基金 民生 ...

专题：2025基金年终大盘点：冠军基年内狂飙233%，主动权益重获主导，全行业规模逼近36万亿新高 来源：Y趣理说 作为国内最早一批成立的公募基金公司之一，博时基金在2025年迎来了一个颇为复杂的阶段性考验。 这一年里，产品清盘数量居高不下、人事调整密集发生、规模与盈利增速同步承压，多重变量叠加之 下，这家曾长期稳居行业第一梯队的"老牌公募"，正站在转型与重塑的关键路口。 三年清盘高达39只，位居行业榜首 2025年12月26日，公司发布博时卓远成长一年持有期股票型基金清算报告。该基金并非因业绩失利被迫 退场，截至最后运作日，A/C份额累计收益率仍保持在20%以上，但长期规模低迷，连续50个工作日低 于合同约定的5000万元"生死线"，最终触发终止条款，最后运作日为11月17日，自11月18日起进入清算 程序。 从全年情况看，博时基金清盘节奏明显加快，混合型、股票型、债券型、指数发起式产品均有涉及，清 盘时间点几乎贯穿全年，而且数量高达16只，清盘数量居首。 | 序号 | 17 ન્ટર્લ્ડ | 名称 | T7 清算费型 | 7 J 基金到期日 | T 清算启始日 | T 清算结束日 | | --- | ...

Core Insights - The Tianhong CSI All-Share Communication Equipment Index Fund (Class A: 020899, Class C: 020900) achieved remarkable performance in 2025, ranking first among similar index funds with Class A shares yielding 118.64% and Class C shares yielding 118.21%, significantly outperforming the average return of passive index funds during the same period [1][2]. Fund Performance - The performance data for the Tianhong CSI All-Share Communication Equipment Index Fund covers the period from January 1, 2025, to December 31, 2025, with the fund's Class A shares achieving a return of 118.64% and Class C shares achieving a return of 118.21% [1]. - The fund closely tracks the CSI All-Share Communication Equipment Index, which includes 50 listed companies involved in the communication equipment sector, reflecting the overall performance of these companies [6]. Investment Strategy - Zhang Ge, the fund manager, emphasizes the dual trends of "AI computing power explosion + communication infrastructure upgrade" as the core opportunities in the technology market for 2025, which underpins the recommendation to focus on the communication equipment sector [2][3]. - The demand for computing power is expected to grow exponentially due to the transition of AI from a technical concept to large-scale implementation, with communication equipment serving as the "transmission base" [2]. - The industry is experiencing a "volume and price increase" pattern, with leading manufacturers seeing revenue growth rates exceeding 50%, and some even surpassing 150%, providing solid support for the fund's performance [2]. Market Positioning - Since June 2025, Zhang Ge has consistently recommended the Tianhong CSI All-Share Communication Equipment Index Fund through his personal Alipay account, indicating a proactive approach to investment opportunities in the communication equipment sector [3].

Market Review - The equity market saw most major indices decline, with the North Certificate 50 experiencing the largest drop of 1.55%. The majority of industry indices underperformed compared to the Wind All A Index [5][6] - In the bond market, both short and long-term interest rates rose, with the 10-year government bond yield increasing by 0.97 basis points to 1.847% [9][10] - The commodity market also faced declines, with the South China Commodity Index down by 0.71% and COMEX gold dropping by 4.63% [13][14] Equity Product Allocation Strategy - Event-driven strategies include focusing on the upcoming CES 2026, with recommended funds such as Jiashi Technology Innovation (007343), Jiaoyin Technology Innovation A (519767), and Huaxia Innovation Frontier A (002980) [15][16] - The 2026 consumption upgrade policy suggests attention to funds like Jiashi New Consumption A (001044), ICBC New Generation Consumption (005526), and Huaxia Consumption Selection A (017719) [17] - With spot gold falling below $4500, funds such as Huazhong Gold ETF Link A (000216), Jiashi Shanghai Gold ETF Link A (016581), and Qianhai Kaiyuan Gold and Silver Jewelry A (001302) are recommended [18] Asset Allocation Strategy - The overall strategy emphasizes a balanced core with a barbell approach, focusing on dividend and technology stocks along with high-end manufacturing [19][20] - Recommended funds include Anxin Dividend Select A (018381), Huaxia Smart Pioneer (501219), and Boshi Military Industry Theme A (004698) [24] Stable Product Allocation Strategy - Key market analyses include the central bank's net injection of 737.4 billion yuan and the PMI returning to the expansion zone at 50.1% [26] - Recommended products for stable allocation include Nord Short Bond A (005350) and Guotai Lianan Medium and Short Bond A (016947) [27]

"春季躁动"有所提前，牛市格局并未改变。有业内人士称，具体原因包括人民币稳步上涨，国内流 动性宽松以及经济复苏预期向好，政策面依然偏积极，保险和ETF等资金有继续加仓意愿，预计1月 A股行情依然继续向好。 2026.01. 05 本文字数：1080，阅读时长大约2分钟 作者 | 第一财经 李隽 1月5日上午，上证指数高开高走，放量上涨之后再次突破4000点大关，沪深京三地半天成交1.65万 亿元。 上证指数上涨1.07%，中午报收4011点，科创50指数上涨4.05%，中午报收1399点。 微信编辑 | 小羊 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 "i茅台"连续4天秒空，批发价却再度跌破1499元，发生了什么？ 港股100研究中心顾问余丰慧向第一财经记者表示，当前A股基本面保持稳健，政策环境与流动性条 件均较为有利。人民币汇率稳定及国内经济复苏持续推进，对 ...

Core Viewpoint - In 2025, Bosera Asset Management aims to implement high-quality development requirements for public funds, focusing on three capability enhancements and the group's "third entrepreneurship" while maintaining stability and progress [1][3]. Group 1: Financial Performance and Goals - By the end of 2025, the company's total asset management scale is projected to reach 1.8 trillion yuan, with over 95% of investors achieving profits in the past three years, significantly enhancing investor satisfaction [1][3]. - The company is committed to adapting to the demands of high-quality development amidst economic structural transformation and growing wealth management needs [3]. Group 2: Strategic Vision and Cultural Commitment - Bosera Asset Management aims to become a leading asset management company focused on value discovery and investor interests, striving to create customer value and discover investment value [3]. - The company emphasizes the importance of political and public aspects of financial work, adhering to the "Five Musts and Five Must Nots" of Chinese financial culture [3]. Group 3: Future Outlook - In 2026, as the beginning of the "14th Five-Year Plan," Bosera Asset Management will work to create greater value returns for the nation, society, and clients, contributing to the goal of building a financial power in the context of Chinese modernization [4].

Core Viewpoint - The 20th Private Fund Development Forum, hosted by Paipai Network Group, aims to explore high-quality development paths for the private securities fund industry in China, emphasizing the importance of the industry in enhancing market resilience and meeting wealth management needs [1]. Group 1: Forum Overview - The forum will take place on January 8, 2026, at the Ritz-Carlton Hotel in Shenzhen, with only three days left for registration [1]. - The theme of the forum is "Following the Light, Stars Across the Galaxy," focusing on creating a high-end communication platform for industry insights and collaboration [1]. Group 2: Key Sessions and Speakers - Lin Li, General Manager of Paipai Network Fund Sales Company, will deliver the opening speech, followed by keynote presentations from Liu Zhao, Deputy Director of the Index and Quantitative Investment Department at Bosera Fund, and Shi Jianghui, General Manager of Guoyuan Xinda [2]. - Three roundtable discussions will cover topics such as quantitative investment, equity markets, and CTA strategies, featuring industry leaders and experts [2]. Group 3: Interactive Networking - The forum will introduce the "Paipai Roundtable - Capital Matching Garden Party," allowing private fund managers to interact with over 20 institutional investors and 50 quality private fund institutions, facilitating efficient matching and collaboration [3]. - This event aims to break traditional networking barriers and create opportunities for resource alignment and cooperative success [3].

Core Viewpoint - The A-share market is expected to enter a new phase in 2026, with strong bullish sentiment and potential for high-growth sectors to continue performing well, driven by policy support and structural changes in the economy [2][4]. Market Sentiment - During the New Year holiday, the Hang Seng Tech Index rose by 4%, and the Nasdaq China Tech Index increased by 4.81%, indicating a strong bullish sentiment in the market [2][4]. - In 2025, 90 funds saw their annual returns double, with the top-performing fund achieving a 233.29% increase in net value [3]. Sector Performance - High-performing sectors in 2025 included computing power, humanoid robots, innovative pharmaceuticals, non-ferrous metals, and new consumption, which contributed to significant returns for funds focused on these areas [3][6]. - The market is expected to shift from valuation-driven growth to a healthier model driven by fundamentals and structural reforms, with a focus on long-term growth sectors such as new energy and innovative pharmaceuticals [6]. Economic Outlook - The economic growth engine is transitioning from monetary easing to credit expansion, with credit resources expected to flow more precisely into new productive sectors, aiding the recovery of the real economy [5]. - A significant increase in credit issuance is anticipated in January, potentially reaching 3-4 trillion yuan, which could benefit both the A-share and Hong Kong markets [5]. Investment Opportunities - There is a focus on sectors with long-term growth potential, including technology and consumption, with an emphasis on companies that are expanding globally [6]. - The investment community is particularly interested in themes such as commercial aerospace and low-altitude economy, which are expected to gain traction in 2026 [6]. Risks and Concerns - Fund managers express concerns about the potential negative impacts of a real estate downturn, uncertainties in US-China trade relations, and the risk of over-investment in certain AI sectors [7]. - Close attention is required regarding changes in capital expenditure in the AI sector, as any weakening could significantly alter investment logic [7].