回顾近年来公募基金公司子公司的发展历程，从早期凭借"万能牌照"快速扩张，再到监管层收紧通道业 务，子公司规模大幅压缩，发展一度陷入沉寂。近年来，越来越多差异化、专业化的子公司涌现。无论 是华夏基金在运营服务领域的率先探索、易方达基金子公司在买方投顾的深耕，还是各类境外子公司、 股权投资子公司涌现，以及基金公司正在申请中的REITs子公司等，均是公募机构差异化发展、提升综 合财富管理能力的体现。 ● 本报记者 张舒琳 公募巨头频现大动作 近日，公募基金巨头子公司布局再落一子。天眼查平台数据显示，近日，易方达财富管理基金销售（广 州）有限公司成立，由国内最大的公募基金公司易方达基金100%控股，经营范围为公募证券投资基金 销售，法定代表人、董事长均为陈彤。此前，易方达基金在2023年6月向证监会提交设立境内子公司的 申请材料，2025年6月5日，证监会网站发布核准易方达基金设立子公司的批复。 据了解，易方达财富聚焦买方投顾服务，投研、顾问、系统开发、金融科技、解决方案、合规风控等团 队人员已超过100人。在今年6月获批后，已有多家基金公司主动联系，表达了进行代销业务合作的意 愿。 2019年10月，易方达基金作为 ...

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 4.25% to 4.5% during the meeting held on June 17-18, indicating a cautious approach to monetary policy amid ongoing economic expansion and inflation concerns [1] Economic Indicators - Recent indicators suggest that economic activity continues to expand steadily, despite fluctuations in net exports affecting the data [1] - The unemployment rate remains low, and the labor market conditions are still robust [1] - Inflation rates are still slightly elevated, indicating ongoing price pressures in the economy [1] Economic Outlook - Participants in the meeting unanimously agreed that uncertainty regarding the economic outlook has decreased but remains high [1]

Core Viewpoint - The latest Federal Reserve meeting minutes indicate an increase in market expectations for the trajectory of the federal funds rate over the next year [1] Group 1 - The Federal Reserve staff noted a de-escalation in U.S.-China trade tensions and an improvement in global economic growth prospects [1] - Investor risk sentiment has heightened, reflecting a more optimistic outlook [1] - The military conflict between Israel and Iran has had limited impact outside the energy markets [1] Group 2 - Market-implied federal funds rate expectations have risen during the intermeeting period [1]

Group 1 - The core viewpoint of the articles highlights the performance and strategic adjustments of various funds in response to market conditions, particularly focusing on equity and bond funds [1][2][3] Group 2 - Tongtai Fund's equity fund reports indicate significant performance, with the Tongtai Vision Mixed Fund achieving a 50% net value growth in the first half of the year and a 73.43% growth over the past year, focusing on hard technology sectors [1] - The Tongtai Industrial Upgrade Mixed Fund made substantial adjustments in its portfolio, shifting back to the robotics sector after a significant pullback in the human-shaped robot segment [1] - Debon Fund's bond funds saw remarkable growth, with the Debon Short Bond Fund's scale increasing from 2.8 billion to 6.371 billion, a 128% rise, and the Debon Ruiqian Fund growing from 51 million to 732 million [2] - The Debon Ruiqian Fund manager indicated a strategy combining coupon assets and volatile assets, focusing on high-quality city investment bonds and adjusting the portfolio to include long-term government bonds [2]

金十数据7月10日讯，最新公布的美联储6月会议纪要显示，在考虑货币政策前景时，与会者普遍认为， 由于经济增长和劳动力市场仍然稳健，而当前的货币政策或有适度的限制性，委员会完全有能力等待通 胀和经济活动前景更加明朗。一些与会者指出，如果数据的发展符合他们的预期，他们将愿意在下次会 议上考虑下调政策利率的目标区间。一些与会者认为最可能的适当货币政策路径是今年不下调联邦基金 利率的目标区间，并指出最近的通胀数据继续超过委员会 2% 的目标。几位与会者评论说，联邦基金利 率的当前目标区间可能不会远高于其中性水平。 美联储会议纪要：一些与会者愿意在下次会议上考虑降息 ...

Core Viewpoint - The Federal Reserve's meeting minutes reveal a division among officials into three main camps regarding interest rate policy, indicating a complex outlook for future monetary policy decisions [1] Group 1: Interest Rate Camps - Officials are divided into three primary factions: one advocating for rate cuts later in the year but excluding July, another favoring a hold on rates throughout the year, and a third group pushing for immediate action in the next meeting [1] - The mainstream faction supports a rate cut later in the year, while only a minority of participants, including Fed governors Waller and Bowman, support immediate action [1] Group 2: Economic Outlook - Several participants indicated that the current target range for the federal funds rate may not be significantly above neutral levels, suggesting limited room for further cuts unless there is a substantial economic slowdown [1] - The minutes imply that even if rate cuts are resumed, the subsequent reduction potential will be quite constrained [1]

Core Insights - The Federal Reserve meeting minutes indicate that some policymakers believe the current federal funds rate may not be significantly above the neutral rate [1] Group 1 - Some decision-makers at the Federal Reserve expressed that the current federal funds rate might not be far above the neutral rate [1]

美联储会议纪要：几位与会者表示，目前的联邦基金利率可能不会远高于中性利率。 ...

Core Viewpoint - The Federal Reserve's meeting minutes indicate that a majority of participants believe it is appropriate to consider lowering the federal funds rate this year under suitable conditions [1] Group 1 - A significant number of Federal Reserve officials are open to the idea of rate cuts, reflecting a shift in monetary policy stance [1] - The discussion around potential rate cuts suggests a response to economic conditions that may warrant a more accommodative monetary policy [1] - The minutes highlight the Fed's ongoing assessment of economic indicators and their impact on future rate decisions [1]

Core Viewpoint - The Federal Reserve's meeting minutes indicate that all participants agree it is appropriate to maintain the federal funds rate within the current target range [1] Summary by Relevant Categories - **Monetary Policy** - All attendees of the meeting believe that keeping the federal funds rate steady is suitable [1]