■ 2 其他需要提示的事项 （1）2026年1月12日起，本基金管理人将对本基金的非个人投资者的大额申购、定期定额投资及转换转 入业务进行限制，单日每个基金账户累计申购（含定期定额投资和转换转入）本基金份额的最高金额为 10万元（含），即如单日每个基金账户累计申购（含定期定额投资和转换转入）本基金的合计金额超过 10万元，本基金管理人有权拒绝。 公告送出日期：2026年1月12日 1 公告基本信息 （2）在本基金限制非个人投资者的大额申购、定期定额投资及转换转入业务期间，其他业务正常办 理。基金管理人将于2026年1月16日起取消本基金上述大额申购、定期定额投资及转换转入业务限制,届 时将不再另行公告。 （3）投资者可访问前海开源基金管理有限公司网站（www.qhkyfund.com）或拨打客户服务电话（4001- 666-998)咨询相关情况。 风险提示：投资者应充分了解基金定期定额投资和零存整取等储蓄方式的区别。定期定额投资是引导投 资者进行长期投资、平均投资成本的一种简单易行的投资方式。但是定期定额投资并不能规避基金投资 所固有的风险，不能保证投资者获得收益，也不是替代储蓄的等效理财方式。 为维护投资者 ...

Group 1 - The global stock market saw an overall increase of 1.75% in the first trading week of 2026 [3] - The A-share market experienced a significant rise of over 4%, marking one of the strongest starts in recent years [5] - After the recent surge, the A-share market returned to a rating of 3.9 stars, the first time in recent years [6] Group 2 - Following the Federal Reserve's interest rate cuts in September 2024, global markets, including A-shares and Hong Kong stocks, saw substantial increases, with A-shares and Hong Kong stocks rising by 50-60%, compared to a 30% increase in the global stock market [10] - Small-cap stocks led the rally in the A-share market, reminiscent of the last bull market in 2015 [11][12] - The liquidity-rich environment following interest rate cuts tends to favor small-cap stocks, leading to significant price increases [15][17] Group 3 - Many small-cap stock markets globally, such as in South Korea and Spain, have seen substantial gains since 2025, benefiting from low valuations during the Fed's rate hike period [19][21] - The market's liquidity has also contributed to a bull market in commodities, with small metals experiencing significant price increases, sometimes exceeding gold [22][23] Group 4 - In a rate-cutting cycle, liquidity tends to increase, leading to valuation uplifts, while in a rate-hiking cycle, liquidity tightens, resulting in lower valuations [29][30] - Historical data shows that during the Fed's rate hikes from 2021 to 2022, A-shares and Hong Kong stocks fell back to around 5 stars [31] Group 5 - A global stock market star rating chart indicates that the market was undervalued at 4-5 stars during previous periods in 2018, 2020, and 2022, and is currently around 2.9 stars [32] - There are currently no global stock index funds available in mainland China, but a simulated global index investment strategy is offered through a diversified portfolio [34][35] Group 6 - A new edition of the book "Stocks for the Long Run" has been released, which includes updated data and new chapters, emphasizing that stocks are the best long-term investment for wealth accumulation [40][41]

Group 1 - The core viewpoint of the news is that Fuchun Co., Ltd. has experienced a significant stock price increase, rising 5.21% to 7.87 CNY per share, with a total market capitalization of 5.433 billion CNY and a trading volume of 487 million CNY [1] - Fuchun Co., Ltd. has seen its stock price rise for six consecutive days, with a cumulative increase of 7.01% during this period [1] - The company, established on March 2, 2001, and listed on March 19, 2012, primarily engages in communication network planning and design services, with revenue sources including 64.97% from gaming products, 31.50% from technical services, and 3.52% from other services [1] Group 2 - Among the top ten circulating shareholders of Fuchun Co., Ltd., Huaxia Fund's Huaxia CSI Animation Game ETF (159869) increased its holdings by 2.66 million shares, totaling 15.8571 million shares, which represents 2.3% of the circulating shares [2] - The Huaxia CSI Animation Game ETF has achieved a year-to-date return of 6.42%, ranking 882 out of 5509 in its category, and a one-year return of 62.48%, ranking 707 out of 4198 [2] - The fund manager, Lu Yayun, has been in charge for 3 years and 215 days, with the fund's total asset size at 22.81 billion CNY and a best return of 83.45% during the tenure [2]

Group 1 - Hefei Urban Construction's stock price increased by 5.34% on January 9, reaching 14.00 CNY per share, with a trading volume of 837 million CNY and a turnover rate of 7.91%, resulting in a total market capitalization of 11.246 billion CNY [1] - The stock has risen for six consecutive days, with a cumulative increase of 20.93% during this period [1] - Hefei Urban Construction was established on September 7, 1999, and listed on January 28, 2008, primarily engaged in real estate development, operation, sales, leasing, and property management, with 99.87% of its revenue coming from real estate sales and leasing [1] Group 2 - Among the top ten circulating shareholders of Hefei Urban Construction, a fund under Southern Fund holds a position, specifically the Southern CSI Real Estate ETF Initiated Link A (004642), which reduced its holdings by 37,300 shares in the third quarter, now holding 5.0825 million shares, accounting for 0.63% of circulating shares [2] - The fund has realized a floating profit of approximately 3.6086 million CNY today and a total floating profit of 11.6897 million CNY during the six-day increase [2] - The Southern CSI Real Estate ETF Initiated Link A was established on August 24, 2017, with a current scale of 202 million CNY, yielding 3.98% this year, ranking 2072 out of 5509 in its category, and 11.09% over the past year, ranking 3802 out of 4198 [2]

Group 1 - New Meixing's stock price increased by 5.18% on January 9, reaching 16.25 yuan per share, with a trading volume of 192 million yuan and a turnover rate of 4.96%, resulting in a total market capitalization of 4.816 billion yuan [1] - The stock has risen for four consecutive days, with a cumulative increase of 20.33% during this period [1] - New Meixing specializes in the research, production, and sales of liquid food packaging machinery, with its main business revenue composition being 82.54% from liquid packaging equipment, 10.95% from spare parts and others, 6.23% from preforms and caps, and 0.28% from other businesses [1] Group 2 - Noan Fund's Noan Multi-Strategy Mixed A (320016) is among the top ten circulating shareholders of New Meixing, having entered the list in the third quarter with 1.7348 million shares, accounting for 0.7% of circulating shares [2] - The fund has generated an estimated floating profit of approximately 1.3878 million yuan today and a total floating profit of 4.5278 million yuan during the four-day increase [2] - The fund was established on August 9, 2011, with a latest scale of 1.855 billion yuan, and has achieved a year-to-date return of 2.79%, ranking 4045 out of 8827 in its category, and an annual return of 80.52%, ranking 423 out of 8084 [2]

Group 1 - The core point of the news is that BoRui Communication has seen a significant stock price increase of 5.1% on January 9, reaching 6.18 CNY per share, with a total market capitalization of 6.757 billion CNY and a cumulative increase of 21.24% over six consecutive days [1] - BoRui Communication, established on November 15, 1995, is based in Chengdu, Sichuan Province, and its main business areas include education, advertising, gaming, digital cultural creation, small loans, and building leasing [1] - The revenue composition of BoRui Communication is as follows: software development and hardware integration 53.12%, media business 21.27%, online gaming 15.13%, building leasing 8.58%, and other businesses 1.90% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund's Guotai Zhongzheng Animation Game ETF (516010) increased its holdings by 645,700 shares, totaling 6.1738 million shares, which represents 0.56% of the circulating shares [2] - The estimated floating profit from the recent stock price increase is approximately 1.8521 million CNY, with a total floating profit of 6.359 million CNY during the six-day increase [2] - The Guotai Zhongzheng Animation Game ETF was established on February 25, 2021, with a current scale of 3 billion CNY and a year-to-date return of 6.41%, ranking 883 out of 5509 in its category [2]

Core Viewpoint - The Hong Kong Central State-Owned Enterprises Dividend 50 ETF (520990) experienced a slight decline of 0.40% on January 8, with a trading volume of 138 million yuan, indicating a stable but cautious market environment [1] Group 1: Fund Performance - The ETF's latest net asset value is calculated at 5.703 billion yuan, with a total share increase of 14 million shares on the same day, bringing the total shares to 5.695 billion [1] - Over the past 20 trading days, the ETF has seen an increase of 75 million shares, reflecting growing investor interest [1] - Since its inception on June 26, 2024, the fund has returned 6.12%, while its return over the past month has been -3.51%, indicating recent volatility [1] Group 2: Management and Benchmark - The fund is managed by Invesco Great Wall Fund Management Co., Ltd., with fund managers Gong Lili and Wang Yang overseeing its operations [1] - The performance benchmark for the ETF is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return rate, which is calculated using valuation exchange rates [1]

Group 1 - The article introduces the concept of bond index funds, highlighting that most investors are familiar with stock index funds but less so with bond index funds [2] - A free course is offered to educate investors on how to invest in bond index funds, including course notes and mind maps for efficient learning [2] Group 2 - Different asset classes present varying levels of investment difficulty, with money market funds being the easiest due to their minimal volatility [6] - Bond funds are slightly more complex, experiencing some volatility, with potential fluctuations of 3%-5% in extreme situations, but generally manageable [8] - Stock funds carry higher risks, with historical downturns of 30%-50% in bear markets, indicating significant volatility compared to bond funds [9][11] - Equity investments are the most challenging, often involving investments in unlisted companies with high failure rates, where only a few successful projects can recover losses from many failures [13]

从2022年到2024年上半年，陈老师最大亏损在30%左右，但就在去年，她不仅扭亏为盈，更是实现了 130% 的 高收益。 她是如何做到的？全仓押注、紧盯热门板块、敢于割肉……她的打法极其果断，甚至有些激进。 但她说："最重要的是运气。"承认运气的作用，反而让她心态更平和、操作更从容。 或上天天基金APP搜索【777】 注册领500元券包 ，优选基金10元起投！ 分享、点赞、在看 顺手三连越来越有钱 本期，我们与陈老师深度对谈，聊收益背后的逻辑，选板块和选基金的方法，以及一个普通投资者，如何在牛 市中守住心态、抓住机会。 免责声明 文章封面图来源于AI， 以上观点来自相关机构，不代表天天基金的观点，不对观点的准确 性和完整性做任何保证。收益率数据仅供参考，过往业绩和走势风格不预示未来表现，不构 成投资建议 转引的相关观点均来自相关机构或公开媒体渠道 不代表天天基金的观点 天 ↓ 点击"阅读原文" ...

Group 1 - The article discusses the 2025 Golden Bull Award winners for mutual funds, highlighting the limited number of funds that have consistently performed well over seven and five years [3][4][6][8][10]. - A total of 23 funds were analyzed based on various performance metrics, including institutional ownership, stock allocation, manager tenure, and returns since inception [12][14]. - The article provides detailed performance data for these funds, including annualized returns, maximum drawdown, and Sharpe and Calmar ratios, indicating the risk-return profile of each fund [14][15]. Group 2 - The analysis includes a breakdown of the top-performing funds over the past three years, with specific mention of funds that achieved a Sharpe ratio greater than 1.0, indicating strong risk-adjusted returns [14]. - The article lists the funds held by fund companies, with the highest holdings noted for specific funds, such as the Oriental Red JD Big Data Mixed Fund, which had a holding of 36.26 million yuan [16]. - It ranks the funds based on institutional holdings, with the top fund, Dachen Gaoxin Stock A, having institutional investments amounting to 54.32 billion yuan [18]. Group 3 - The article also examines internal employee holdings in these funds, with Dachen Gaoxin Stock A leading with 26.41 million yuan held by its manager [20][21]. - The industry allocation of the funds is discussed, revealing that the top-heavy allocation is not particularly concentrated, with the highest sector weight being only 31.13% in electronics [22].