故事来源：风物长宜 文章整理：落尘 2018年那个台风肆虐的夜晚，我浑身湿透地站在银行ATM机前，手里攥着被雨水泡皱的基金单子。屏幕上刺眼的绿光显示， 我送外卖攒下的两万多块钱， 在医疗基金里已经亏了快四成 。手机突然震动，租房群里弹出消息："902房月底再不交租就换锁"——那正是我住了三年的小单间。 在便利店啃着冷饭团时，我发现货架上的基金广告写着"年化收益30%"，和外卖平台"冲单奖500元"的标语一样闪着诱人的光。把基金亏损页面设成手机壁 纸时，水珠从屏幕滑落，把基金代码晕染得像急诊室的"ICU"指示灯。 住在城中村的五年里， 我的外卖箱成了移动书房 ： 有次给基金经理送沙拉，他翻着我箱子里折角的《指数基金指南》说：" 你知道这个医疗基金70%的钱都押在十家公司吗？ "见我发愣，他指着外卖箱打比 方：" 就像你同时接十个订单，七个都要送到同一栋没电梯的老楼。 " 那天夜里，我对照着基金持仓明细，发现重仓的某医药公司，正是上个月暴雨天给他们实验室送过二十杯咖啡的地方。嗦着猪脚粉时突然开窍： 这和外卖 平台把大雨天补贴从五块降到两块，不都是一个道理？ 箱盖上贴着" 今日目标：读完《小狗钱钱》第十章 " 夹层 ...

AI基金招商康泰混合（002103）披露2025年一季报，第一季度基金利润56.05万元，加权平均基金份额本期利润0.0046元。报告期内，基金净值增长率为 0.51%，截至一季度末，基金规模为9289.59万元。 该基金属于灵活配置型基金。截至4月18日，单位净值为0.781元。基金经理是李华建，目前管理2只基金近一年均为正收益。其中，截至4月18日，招商中国 机遇股票近一年复权单位净值增长率最高，达3.3%；招商康泰混合最低，为2.76%。 基金管理人在一季报中表示，股票投资方面，重点投资的行业有半导体、电子、计算机、机器人、高端装备制造等方向。尽管美国关税政策带来较大的外部 不确定性，但国内宏观环境较为稳定，宏观政策有储备，经济增长信心恢复，房地产市场趋于平稳，整体市场的系统性风险相对有限。在这样的宏观环境 下，随着风险情绪的释放，具有成长性的个股有望获得更好的表现。 截至4月18日，招商康泰混合近三个月复权单位净值增长率为-1.02%，位于同类可比基金63/108；近半年复权单位净值增长率为-0.26%，位于同类可比基金 52/108；近一年复权单位净值增长率为2.76%，位于同类可比基金46/108 ...

鹏华上证科创板综合交易型开放式指数证券投资基金联接基金（以下简称"本基金"）自2025年04月21日 起（含当日）开放日常申购、赎回、转换和定期定额投资业务。 3申购业务 登录新浪财经APP 搜索【信披】查看更多考评等级 1公告基本信息 ■ 2日常申购、赎回、转换、定期定额投资业务的办理时间 2、投资人通过销售机构申购本基金，单笔最低申购金额为1元，各销售机构对本基金最低申购金额及交 易级差有其他规定的，以各销售机构的业务规定为准。通过基金管理人直销中心申购本基金，首次最低 申购金额为100万元，追加申购单笔最低金额为1万元，但根据法律法规或基金管理人的要求无法通过网 上直销渠道申购的不受前述限制。本基金直销中心单笔申购最低金额与申购级差限制可由基金管理人酌 情调整。 3、当接受申购申请对存量基金份额持有人利益构成潜在重大不利影响时，基金管理人应当采取设定单 一投资者申购金额上限或基金单日净申购比例上限、拒绝大额申购、暂停基金申购等措施，切实保护存 量基金份额持有人的合法权益。基金管理人基于投资运作与风险控制的需要，可采取上述措施对基金规 模予以控制。具体见基金管理人相关公告。 3.2申购费率 本基金A类基金 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - This week, the equity market declined overall, with the BeiZheng 50 slightly rising and the Hong Kong stock market experiencing a significant correction. The bond market rose, while the convertible bond market fell. Among funds, consumer and TMT funds performed relatively well [1][2]. - The average return of active equity funds in the whole market was -3.85%. Short - term bond funds had an average return of 0.10%, and medium - and long - term bond funds had an average return of 0.17%. Both equity - containing bond funds and convertible bond funds had negative average returns [1][2]. - There were 3 new stocks listed this week, with no break - even on the first day of listing. The average return of sample new - stock subscription funds this week was -0.86%, and the new - stock subscription yield for an 800 - million - yuan account was 0.030% [2]. - As of April 9, 2025, the average returns of low, medium, and high - risk FOF funds in the sample in the past week were -1.28%, -4.09%, and -6.64% respectively. During the statistical period, equity - oriented, index - type, alternative, and bond - type QDII funds declined by 7.81%, 8.37%, 5.94%, and 0.94% on average, and REITs declined by 0.57% on average [2]. Summary by Directory Market Review - Equity Market: The equity market declined overall, with the BeiZheng 50 slightly rising and the Hong Kong stock market correcting significantly. As of the close this week, the CSI 300 Index closed at 3,751 points, down 2.87%; the Shanghai Composite Index closed at 3,238 points, down 3.11%; the Shenzhen Component Index closed at 9,834 points, down 5.13%; the ChiNext Index closed at 1,926 points, down 6.73%. The Hang Seng Index in Hong Kong fell 8.47%, and the Hang Seng Tech Index fell 7.77% [6]. - Industry Performance: Agriculture, forestry, animal husbandry, and fishery led, with a gain of over 3%. Commerce and retail, national defense and military industry, and consumer services also performed well. Power equipment and new energy, communication, and media declined significantly, with a drop of over 6.5% [8]. - Number of Rising Stocks: As of April 11, 2025, there were 5,409 stocks in the A - share market, of which 796 rose this week. The number of rising stocks in the BeiZheng, ChiNext, Science and Technology Innovation Board, and Main Board was 117, 134, 97, and 448 respectively. Industries such as basic chemicals, machinery, agriculture, forestry, animal husbandry, and fishery, and electronics had a relatively large number of rising stocks, while the banking, coal, and steel industries had no rising stocks [11][15]. Key Fund Tracking Active Equity - Fund Performance: There were 3,949 active equity funds in the sample. The average return of the whole - market funds in the sample this week was -3.85%. Funds with better performance were mostly heavily invested in industries such as electronics, machinery, and medicine. Among industry funds, consumer funds had relatively better average returns, and top - performing funds in the TMT sector were leading [17][19]. - Position Estimation: The positions of ordinary stock - type and partial - stock hybrid funds increased this week. Compared with the previous week, the position of ordinary stock - type funds increased by 0.53 percentage points, and that of partial - stock hybrid funds increased by 0.26 percentage points. Actively managed partial - stock funds increased their allocation to stable and growth sectors and reduced their allocation to consumption, cyclical, and financial sectors. In terms of sub - industries, the allocation to industries such as computers, power equipment, and household appliances increased, while the allocation to industries such as banking, electronics, and non - banking finance decreased [22]. Bond - Type Funds - Bond Market Performance: The bond market rose overall this week. The ChinaBond Total Wealth Index closed at 245.84, up 0.38% from last week; the ChinaBond Treasury Bond Index closed at 246.84, up 0.5%; the ChinaBond Credit Bond Index closed at 222.13, up 0.16%. The CSI Non - Pure Bond Fund Index closed at 2,170.4 on Thursday, down 0.33% from last Thursday. The CSI Convertible Bond Index closed at 420.91, with a weekly decline of 1.7%, and the trading volume was 465.5 billion yuan, a change of 224.248 billion yuan from last week [30][32]. - Fund Performance Overview: The average return of short - term bond funds this week was 0.10%, and the median was 0.09%. The average return of medium - and long - term bond funds was 0.17%, and the median was 0.15%. The average return of first - tier bond funds was -0.03%, and the median was 0.07%. The average return of second - tier bond funds was -0.52%, and the median was -0.42%. The average return of partial - bond hybrid funds was -0.74%, and the median was -0.62%. The average return of low - position flexible allocation funds was -0.54%, and the median was -0.35%. The average return of convertible bond funds was -1.98%, and the median was -2.01% [34][36][37][39]. New - Stock Subscription Funds - New - Stock Overview: Three new stocks were listed this week, all with inquiry and offline placement details, raising a total of 1.81 billion yuan. There was no break - even on the first day of listing, and the total expected income from successful subscription was 241,100 yuan [40]. - New - Stock Subscription Income Calculation: Assuming weekly participation in offline new - stock subscriptions and successful subscription, based on the successful subscription rate of Class A investors, the number of allocated shares was calculated. Using the closing price on the first day of listing or the opening - board day as the selling price, the weekly new - stock subscription yield sequence for an 800 - million - yuan account was calculated. The weekly new - stock subscription yield for an 800 - million - yuan account this week was 0.030%. The optimal weekly and annual new - stock subscription scales were 200 million yuan and 400 million yuan respectively [41][43]. - Fund Company New - Stock Subscription Overview: Eight fund companies with two or more new - stock subscription funds were selected. All of them had a 100% successful subscription rate for the three new stocks this week, except for Southern Fund, which had a 50% successful subscription rate [44]. - New - Stock Subscription Fund Performance: There were 36 new - stock subscription funds in the sample. The average return of new - stock subscription funds in the sample this week was -0.86% [45]. FOF Funds - FOF funds were divided into low - risk, medium - risk, and high - risk categories. The average returns of low - risk, medium - risk, and high - risk FOF funds in the sample in the past week were -1.28%, -4.09%, and -6.64% respectively [46]. QDII Funds - During the statistical period, the average decline of equity - oriented and index - type QDII funds was 7.81% and 8.37% respectively, and the average decline of alternative and bond - type QDII funds was 5.94% and 0.94% respectively [47][48]. REITs Funds - The average decline of REITs this week was 0.57%. The Huaxia Beijing Affordable Housing REIT had a relatively high increase, rising 3.67% in the past week. The Huaxia China Communications Construction Expressway REIT had the strongest liquidity, with a trading volume of 200.4172 million yuan in the past week [49][50].

Group 1 - The company has signed a fund sales agreement with Debon Securities, allowing Debon Securities to act as a broker for the trading of the "招商利安新兴亚洲精选ETF (QDII)" starting from April 3, 2025 [1] - Investors can consult details regarding the fund through the company's website or customer service hotline [4][5] - The fund management company emphasizes that it will manage and operate the fund assets with honesty and diligence, but it does not guarantee profits or minimum returns [2][5] Group 2 - The company announced that its public funds will participate in the offline subscription of Nantong Taihe Chemical Co., Ltd.'s initial public offering, with the issue price set at RMB 10.27 per share [3] - The main underwriter for the issuance is Everbright Securities, which is also the custodian for some of the company's public funds [3] - The company has confirmed that the fund's operations are normal and will continue to comply with legal regulations and fund contracts [7]

不少关注基金投资的朋友，都是"晨星网"多年的深度用户。 可视化的 基金经理管理时间线 助你直观掌握基金经理的管理历程及变动情况。点击基金经理 姓名，还能深入挖掘更多维度信息，全面了解基金经理。 用更直观多维的数据，深入评估基金全貌 ！ ►► 全新设计，便捷导航 在新版晨星网上搜索你关注的某只基金，你将解锁焕然一新的基金详情页，高效获取更加丰富 直观的多维基金数据。 新页面采用Morningstar全球统一设计风格，简约专业，重塑用户体验。新增的 选项卡索引 ， 帮助你快速定位基金信息，让繁琐查找成为过去式。 成立20多年来，晨星网依托晨星全球基金数据库，凭借独创的 "投资风格箱"、"星级评价"等 特色分析指标，持续为投资者们提供专业深度的基金投资工具和研究洞察分享。 在推出 晨星基金小程序 的同时，我们也在对网页版晨星工具进行更新，希望你无论习惯手机 端的便捷操作，还是倾向于用电脑进行深度分析，都能获得更流畅的基金投资体验。 一起聊聊晨星网近期都做了哪些升级，以后还会有哪些变化吧！ 01 基金单页全新升级！ * 仅供展示，不构成投资建议 ►► 丰富数据呈现，深度洞察基金 历史业绩深度剖析 新版基金单页拓展了时 ...

►► 全新设计，便捷导航 在新版晨星网上搜索你关注的某只基金，你将解锁焕然一新的基金详情页，高效获取更加丰富 直观的多维基金数据。 新页面采用Morningstar全球统一设计风格，简约专业，重塑用户体验。新增的 选项卡索引 ， 帮助你快速定位基金信息，让繁琐查找成为过去式。 不少关注基金投资的朋友，都是"晨星网"多年的深度用户。 成立20多年来，晨星网依托晨星全球基金数据库，凭借独创的 "投资风格箱"、"星级评价"等 特色分析指标，持续为投资者们提供专业深度的基金投资工具和研究洞察分享。 在推出 晨星基金小程序 的同时，我们也在对网页版晨星工具进行更新，希望你无论习惯手机 端的便捷操作，还是倾向于用电脑进行深度分析，都能获得更流畅的基金投资体验。 一起聊聊晨星网近期都做了哪些升级，以后还会有哪些变化吧！ 01 基金单页全新升级！ 用更直观多维的数据，深入评估基金全貌 ！ 可视化的 基金经理管理时间线 助你直观掌握基金经理的管理历程及变动情况。点击基金经理 姓名，还能深入挖掘更多维度信息，全面了解基金经理。 * 仅供展示，不构成投资建议 ►► 丰富数据呈现，深度洞察基金 历史业绩深度剖析 新版基金单页拓展了时 ...

基本功的基,就是基金的基。 做好投资、买对基金, 从夯实投资基金的基本功开始。 1分钟GET一个知识点, 起步更轻松。 债基在资产配置的 作用是什么? 提供信元化 债基有助于降低组合的波动, 使整体表现更"稳"。 首先,债基主要投资于各类债券,如国债、企业债等。 债券价格虽有浮动,但有固定的票息收入(未违约), 长期而言可以提供稳定的基础收益。其次,相对于 扫码进入基本功专栏 本材料不构成投资建议，观点具有时效性。本公司承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不 保证基金一定盈利，也不保证最低收益。投资有风险，基金过往业绩不代表其未来表现。基金管理人管理的基金 的业绩不构成对其他基金业绩表现的保证。投资者投资基金时应认真阅读基金的基金合同、招募说明书、基金产 品资料概要等法律文件。基金管理人提醒投资者基金投资的"买者自负"原则，请投资者根据自身的风险承受能力 选择适合自己的基金产品。基金有风险，投资须谨慎。 ...

最近跟朋友聊投资，聊着聊着就在感叹，为什么我们总是在回本路上反复横跳。明明是想赚 钱才投的基金，可没赚多少就被套，然后就在等回本。最后来来回回，似乎一无所获。 静下心来仔细分析，发生这种情况的原因可能有三个方面： 市场波动、投资行为影响、基金 产品不及预期。 市场波动引起 资本市场总是处于涨跌变化之中，受到经济形势、宏观政策、行业周期变化以及投资者 情绪等各种因素的影响，市场会出现波动。 在市场整体下跌时,基金净值也会随之下 跌。 我们买基金时并不能预测未来。当买完后正好遇到市场下跌时，基金出现亏损也在所难 免。在这种情况下，只能先等"回本"再等赚钱。 这种情况发生在指数基金或者主题类基金比较多。以传媒板块为例，在年初《哪吒之魔 童脑海》火了以后，不少人看到了机会，买入传媒相关的基金。 （来源：Choice数据，指数：传媒（申万）代码：801760 区间：2024.9.6-2025.3.6） 如果买入的时间为1月份，在2月17日前能够赚到一波收益。但如果是看到市场涨了以后 2月份再买入，那可能就会因为追高买在了高点。1月份获利的投资者在2月份不少选择 卖出落袋为安，市场在博弈中震荡。因此追高进去的朋友就可能被 ...

Core Viewpoint - The article emphasizes the importance of risk management and strategic investment in mutual funds, highlighting that chasing performance and popular fund managers can lead to significant losses [2][4][8]. Group 1: Investment Experiences - Initial investment in a money market fund resulted in a loss of 18% within three months due to market conditions [2][4]. - The experience of investing in a consumer-themed fund managed by a popular fund manager led to a realization that performance rankings can be misleading and that risk alignment is crucial [3][5]. - A subsequent attempt at dollar-cost averaging into an index fund resulted in a 23% loss during a market downturn, illustrating the psychological challenges of maintaining investment strategies [5][6]. Group 2: Lessons Learned - The article outlines key lessons learned from various investment experiences, including the importance of continuing to invest during market declines and the need for a diversified approach to sector funds [6][7]. - The author stresses that industry funds can amplify risks and recommends using a satellite approach with dynamic profit-taking strategies [7][8]. - The experience with a "line-drawing" fund manager highlights the risks of relying on star managers, as changes in management can lead to significant performance declines [8]. Group 3: Investment Strategies - After five years of experience, the author developed a stable annualized return of 10-12% through disciplined investment strategies, including dollar-cost averaging and balanced asset allocation [9][10]. - A structured asset allocation framework is proposed, dividing investments into three categories: liquid assets (20%), stable investments (50%), and long-term growth (30%) [11]. - The article suggests implementing a systematic approach to investment, including regular portfolio reviews and adjustments based on market conditions [11][12]. Group 4: Guidelines for New Investors - New investors are advised to conduct thorough research before investing, including understanding their risk tolerance and differentiating between short-term and long-term funds [15]. - The article encourages continuous learning and adaptation in investment strategies to improve decision-making and outcomes [15][16]. - The author concludes that successful investing is a long-term endeavor that requires patience and a focus on compounding returns rather than seeking quick profits [14][15].