登录新浪财经APP 搜索【信披】查看更多考评等级 【重要提示】 太平嘉裕债券型证券投资基金（以下简称"本基金"）的募集及其基金份额的发售已经中国证券监督管理 委员会（以下简称"中国证监会"2025年4月9日证监许可2025【749】号文注册募集。中国证监会对本基 金募集的注册，并不表明其对本基金的投资价值和市场前景做出实质性判断或保证，也不表明投资于本 基金没有风险。 1.本基金类别为债券型证券投资基金，运作方式为契约型开放式。 2.本基金的管理人为太平基金管理有限公司（以下简称"本公司"）。 3.本基金的托管人为中国银行股份有限公司。 4.本基金的基金份额登记机构为太平基金管理有限公司。 5.本基金自2025年9月1日至2025年9月19日通过基金管理人指定的销售机构发售，基金管理人可根据募 集情况适当延长或缩短本基金的募集期限并及时公告。各销售机构办理认购业务的办理网点、办理日期 和时间等事项参照各销售机构的具体规定。 6.本基金募集对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境外 投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。 7.本基金募集期内不设募集规 ...

根据此前二季报披露，南方昌元可转债的前五大持仓债券为柳工转2、兴业转债、隆22转债、南航转 债、睿创转债，另有部分股票资产，其中前十大重仓股为内蒙一机、芯源微、复旦微电、广东宏大、国 睿科技、鼎龙股份、圣邦股份、新大陆、航发科技、虹软科技。 中国经济网北京8月5日讯 （记者 康博） 截至7月31日收盘，剔除净值异动的债券型基金后，在有可比 业绩的7217只（各份额分开计算，下同）债基中，业绩上涨的共有4489只，占比高达62%，另有173只 持平，2555只下跌。 南方昌元可转债债券A、南方昌元可转债债券C、红塔红土盛商一年定期开放债券A、红塔红土盛商一 年定期开放债券C以7.67%、7.63%、7.51%、7.47%位居涨幅前列。 南方昌元可转债由刘文良管理，其2012年7月加入南方基金，历任固定收益部转债研究员、宏观研究 员、信用分析师、基金经理，有着近10年的管理经验。 从跌幅榜看，7月份跌幅超过1%的债基仅有13只，如江信一年定开、德邦锐裕利率债债券、天治可转债 增强债券、江信洪福等。这些基金大多持有金融债，从江信一年定开二季度前五大重仓债券看，其持有 国债和金融债，包括24特别国债05、25超长特别 ...

Group 1 - The fund name is "招商瑞锦回报债券型证券投资基金" (招商瑞锦回报债券) with A and C share classes [29][30] - The fund type is a contract-based open-end bond fund [2][29] - The fund's management company is 招商基金管理有限公司, and the custodian is 上海浦东发展银行股份有限公司 [2][4] Group 2 - The fund will be publicly offered from August 1, 2025, to August 14, 2025, with the possibility of adjusting the fundraising period [4][39] - The maximum fundraising scale is set at 50 billion RMB, excluding interest during the fundraising period [3][34] - If the fundraising amount reaches or exceeds 50 billion RMB, the fund may close early [4][35] Group 3 - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [6][36] - Single institutional investors are limited to a daily subscription amount of no more than 10 million RMB [5][37] - The fund does not sell to financial institutions' proprietary accounts, except for the management company's own funds [5][37] Group 4 - The fund has two share classes: A class, which charges subscription fees, and C class, which does not charge subscription fees [30][44] - The initial subscription price for each share is set at 1.00 RMB [32][42] - Investors can subscribe multiple times during the fundraising period, with specific minimum subscription amounts depending on the sales channel [8][49]

Fund Overview - The fund is named "E Fund Anru 30-Day Holding Period Bond Fund" with A-class and C-class share codes being 024284 and 024285 respectively [13] - It is a contract-based open-end bond fund with a minimum holding period of 30 days for each share [13][10] - The fund aims for steady asset appreciation while controlling risks and maintaining high liquidity [15] Fundraising Details - The initial fundraising cap is set at 5 billion RMB, excluding interest accrued during the fundraising period [3] - The fundraising period is from July 14, 2025, to July 25, 2025, with the possibility of adjustments based on subscription conditions [18] - Investors can subscribe multiple times during the fundraising period, with no upper limit on the total subscription amount for individual investors [6][10] Share Classes and Fees - The fund has two share classes: A-class, which charges subscription fees, and C-class, which does not charge subscription fees but incurs service fees during the holding period [5][20] - The minimum subscription amount is 1 RMB for A-class shares through non-direct sales institutions and 50,000 RMB through the direct sales center [6][41] Subscription Process - Investors must open a fund account to subscribe, and cannot use others' accounts or funds for subscription [10][11] - Subscription applications submitted on the same day will typically be confirmed by T+2 days, but acceptance is subject to the registration agency's confirmation [28] - The fund does not allow conversion between share classes at this time [2] Investor Eligibility - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [7][17] - Individual investors can subscribe through non-direct sales institutions or the company's direct sales center [41][45] Fund Management and Custody - The fund is managed by E Fund Management Co., Ltd., and the custodian is Bank of Communications Co., Ltd. [55][57] - The fund's management and registration agency is also E Fund Management Co., Ltd. [55][59]

Core Insights - In the first half of 2023, 95% of the 6,831 comparable bond funds reported positive performance, with 6,505 funds increasing in value, 29 remaining flat, and 297 declining [1][2] - The top-performing funds included Huashang Fengli Enhanced Regular Open Bond A and C, with returns of 18.35% and 18.11% respectively, primarily investing in convertible bonds [1][2] - Historical data shows that Huashang Fengli Enhanced Regular Open Bond A/C has achieved a cumulative return of over 130% since its inception in September 2016, indicating strong stability [1] Fund Performance - The second tier of funds, such as China Europe Convertible Bond A and Bosheng Convertible Bond Enhanced A, reported gains exceeding 12%, with specific returns of 12.53% and 12.36% respectively [2][3] - The top holdings of these funds predominantly include convertible bonds, with a small allocation to government bonds [2] - The fund managers of these top-performing funds have extensive experience, with some managing public funds for nearly two decades [2][3] Declining Funds - Despite the overall positive market trend, only 9 bond funds experienced declines of over 2%, with the largest drop being 2.47% for the Green Ju Xin Enhanced Bond C, which held no bond assets [3][4] - Other funds that declined include Norde Enhanced Yield Bond, which fell by 2.33%, primarily holding government bonds and a small percentage of stocks [4] - The overall trend indicates a strong bond market performance, with only a few exceptions among the funds [3][4]

Group 1 - The fund name is Bosera SSE AAA Technology Innovation Corporate Bond ETF, which has been approved for fundraising by the China Securities Regulatory Commission [14][15] - The fund is a bond-type open-ended index fund, with an initial share value of 1.00 RMB [15][22] - The maximum fundraising scale for the fund is set at 3 billion RMB, excluding interest and subscription fees [30][31] Group 2 - The fund will be publicly offered on July 7, 2025, with three subscription methods: online cash subscription, offline cash subscription, and offline bond subscription [6][18] - Investors must have a Shanghai Stock Exchange A-share account or a fund account to subscribe to the fund [32][34] - The fund management company is Bosera Fund Management Co., Ltd., and the custodian is CITIC Bank [1][3] Group 3 - The fund will accept offline bond subscriptions only for bonds that are components of the SSE AAA Technology Innovation Corporate Bond Index [4][28] - The minimum subscription amount for offline cash subscription through the fund management company is 50,000 shares, while for other agents, it is 1,000 shares [3][26] - The fund will allow multiple subscriptions, and there is no upper limit on the cumulative subscription amount [3][26] Group 4 - The fund's subscription fees will be calculated based on the subscription amount and the applicable fee rate [23][24] - Investors can cancel their online cash subscription requests within the same trading day [39] - The fund will undergo a verification process to confirm the total subscription amount and ensure it meets the regulatory requirements [67][68]

Fund Overview - The fund is named "Southern CSI AAA Technology Innovation Corporate Bond ETF" and is categorized as a bond-type open-ended index fund [13] - The fund will be managed by Southern Fund Management Co., Ltd. and will be custodied by Industrial Bank Co., Ltd. [13][47] - The fund's offering period is from July 7, 2025, to July 18, 2025 [4] Subscription Details - Investors can subscribe through online cash subscription or offline cash subscription methods [20] - The maximum fundraising scale for the fund is set at 3 billion RMB, with a mechanism for proportionate confirmation if the subscription exceeds this limit [17][18] - Subscription fees will not exceed 0.3% [22] Investor Requirements - Investors must have a Shenzhen Stock Exchange A-share account or a securities investment fund account to participate in the subscription [28] - Individual and institutional investors, as well as qualified foreign investors, are eligible to subscribe [15][21] Fund Management and Operations - The fund will adopt a full cash replacement model for subscription and redemption, allowing investors to sell and redeem their shares on the same day under certain conditions [10] - The fund will invest in government bond futures, asset-backed securities, and credit derivatives, which may introduce additional risks [9][10] Sales Institutions - The fund will be sold through various sales institutions, including direct sales by Southern Fund Management and authorized agents [16][49] - A list of sales institutions is provided, including major securities firms with fund sales qualifications [49][50]

Core Viewpoint - The article highlights the recent surge in new fund issuances in China, with a total of 17 new funds launched in the week of June 23-27, and a record high fundraising scale of 459.23 billion yuan in the previous week [2][7]. Fund Issuance Overview - A total of 17 new funds were issued this week, with index funds being the dominant product type, accounting for 7 out of the 17 [4][6]. - The previous week saw 48 new funds established, marking the highest weekly fundraising amount of the year at 459.23 billion yuan [7][8]. Fund Types and Performance - Among the new funds, there were 7 index funds, 5 mixed funds, and 3 bond funds, along with 1 FOF and 1 REITs product [4]. - The top-performing fund from the previous week was a mixed FOF product that raised 65.73 billion yuan, making it the largest fundraising fund of the year [8][9]. Notable Fund Details - The "Qianhai Kaiyuan CSI 500 Equal Weight Link A" fund has a fundraising cap of 8 billion units, while "Pengyang Chunhua A" has a cap of 6 billion units [6]. - The "Fidelity Hong Kong Stock Selection A" fund is managed by a well-trained manager with extensive experience in growth stocks and Hong Kong market research [6]. Market Trends - There is a growing interest in multi-asset allocation public FOFs, which are attracting significant capital inflows and expanding their investment scope to include QDII funds, commodity funds, and REITs [9]. - Passive index bond funds are also gaining popularity, with notable fundraising figures of 6.01 billion yuan and 5.99 billion yuan for specific funds [9].

Investment Rating - The industry investment rating is not explicitly stated in the report, but the overall market trend indicates a preference for fixed income and low-risk products, suggesting a cautious outlook for the industry. Core Insights - The report highlights that the demand for risk-averse investment products is driving the issuance of new structured financial products, with fixed income wealth management products, bond funds, and life insurance dominating the market [1][4]. - During the period from May 31 to June 13, 2025, a total of 2,530 new wealth management products were launched, with closed-end net value products being the most prevalent [11][16]. - The report indicates a significant shift towards fixed income products, with 98.26% of new products being fixed income, reflecting a conservative risk appetite among investors [11][16]. - The issuance of public funds saw an increase, with 55 new funds launched, totaling 39.948 billion units, driven primarily by the first week of June [23][24]. - The bond fund segment continues to gain traction, with its share rising from 47.15% to 58.77%, indicating a strong preference for low-risk investment options [24][31]. - Life insurance products are also seeing a resurgence, particularly traditional life insurance, which accounted for 81.5% of new products, reflecting a stable demand for guaranteed returns [41][42]. Summary by Sections 1. Bank Wealth Management Products - The market saw the issuance of 2,530 new wealth management products, with 78.50% being closed-end net value types and 83.00% classified as medium-low risk [11][16]. - Fixed income products dominate the new offerings, with 98.26% of new products being fixed income, indicating a conservative investor sentiment [11][16]. - The report notes a clear differentiation in product offerings between state-owned wealth management companies and city commercial banks, with the former focusing on national markets and the latter on local markets [17][18]. 2. Fund Products - A total of 55 new public funds were launched, with a total issuance of 399.48 billion units, marking an increase from the previous period [23][24]. - Bond funds have seen a significant increase in issuance, now accounting for 58.77% of new funds, reflecting a shift towards safer investment options amid market volatility [24][31]. - The report highlights a decline in the issuance of equity funds, with only 26 new equity funds launched, representing a significant drop in both number and total issuance [25][31]. 3. Insurance Products - A total of 34 new insurance products were launched, with life insurance products increasing by 50% compared to the previous period [41][42]. - Traditional life insurance products remain the most popular, making up 81.5% of new offerings, driven by their clear protection functions and stable returns [42]. - The report indicates a trend towards diversification in annuity products, with a mix of retirement and education-focused offerings [43].

Group 1 - The core point of the news is the launch of "Yongying Huida 6-Month Holding" fund, which will be available for subscription from June 23 to July 11, 2025, targeting both institutional and individual investors [2] - The fund is a mixed bond fund with a significant allocation to bonds, and its performance benchmark is composed of 90% of the yield of the China Bond Comprehensive Price Index, 8% of the yield of the CSI 300 Index, and 2% of the yield of the Hang Seng Index [2] - The fund is managed by two fund managers, Lu Liyang and Qian Buke, with Lu focusing on mixed bond funds and Qian specializing in bond fund management [2] Group 2 - Lu Liyang has 7 years of experience in the securities industry and has managed a total of 6.307 billion yuan across 3 products at Yongying Fund, with a notable performance of 26.33% for "Yongying Xinxin A" [2][4] - Qian Buke has 13 years of experience and manages 35.794 billion yuan across 6 products, with a performance of 14.20% for "Yongying Qianyi" [3][4] - The performance of Lu Liyang's managed products has shown significant growth, with a 49.94% quarter-on-quarter increase from 39.48 billion yuan to 59.20 billion yuan as of March 31, 2025, and a year-on-year increase of 1380% from 4 billion yuan [4][5] Group 3 - "Yongying Xinxin" fund's asset allocation has shifted significantly under Lu Liyang's management, with bond holdings increasing to around 90%, while stock holdings have decreased to 5-10% [5][9] - The fund's annual returns have consistently outperformed its benchmark since Lu took over, with returns of 1.64% in 2025, 13.01% in 2024, and 10.36% in 2023 [8][9] - The fund's investment strategy includes a focus on high-dividend growth stocks and a flexible approach to bond duration management, resulting in a high turnover rate of 2652% for stocks [9][12]