当同事说今天"吃肉收蛋"，闺蜜吐槽"卖飞踏空"，基友喊着"上车做多"……你是不是听得云里雾里？别慌！今天带你破译基金圈的"江湖暗号"， 看完保你在群里聊得风生水起，从此告别"基圈小白"人设！ 一、搞钱第一步：搞懂仓位黑话 仓位等级表（基民保命手册） 空仓（0%）：心如止水，一分不买，佛系到极致 加仓：涨了追着买，像极了热恋上头（风险预警！） 建仓（10-20%）：伸个jio试探水温，先买点试试手气 轻仓（＜50%）：钱包鼓鼓随时补仓，跌了也能笑看风云 半仓（50%）：钱和基金五五开，涨也纠结跌也愁 重仓（＞50%）：生死看淡不服就干，天台风景提前踩点 全仓（100%）：一把梭哈不回头，要么暴富要么搬砖 基民骚操作三件套 二、基圈黑话大全：听懂就是自己人 暴富/暴毙术语 梭哈：All in！赢了会所嫩模，输了工地搬砖（源自博彩术语showhand） 做多：借钱也要买，赌它明天涨上天（杠杆玩家的快乐） 做空：借股票高价卖，跌了再捡便宜货（高手专属玩法） 扎心名场面 踏空：看中的基暴涨，自己两手空空干瞪眼 卖飞：刚卖出就起飞，大腿拍肿也追不回 杀跌：暴跌时割肉，割完发现地下室下还有地狱 补仓：跌了含泪摊大饼，越摊越 ...

扫码进入基本功专栏 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。 债券收益率 为什么会"倒挂"? 所谓"倒挂",即短端债券 的收益率高于长端债券。 正常情况下, 长端债券收益率应该比短端高 (持有 时间越长、风险越高,需要更多补偿),但有时也会 出现倒挂。 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。 ...

Core Viewpoint - Chuangjin Hexin Fund plans to publicly offer Chuangjin Hexin Wenfeng Bond from May 19 to May 30, 2025, aiming to provide long-term stable returns while strictly controlling investment risks [1] Fund Details - The fund type is a secondary bond fund with an annual management fee of 0.6% and a custody fee of 0.15% [1] - The investment portfolio will allocate at least 80% of its assets to bonds, with a maximum of 20% to stocks and convertible bonds, including a 0-50% allocation to Hong Kong Stock Connect stocks [1] - The fund must maintain at least 5% of its net asset value in cash or government bonds maturing within one year after deducting margin requirements for treasury futures contracts [1] Fund Management - The proposed fund managers are Huang Tao and Xie Chuang, both with extensive experience in fund management [2] - Huang Tao has managed multiple funds since joining Chuangjin Hexin in February 2020, while Xie Chuang has been with the company since July 2015, holding various roles in fixed income [2] Historical Performance - Huang Tao's management of Chuangjin Hexin Xin Qi Mixed A has achieved a return of 37.46% since May 8, 2020, significantly outperforming the industry average of 15.37% [3][4] - The Chuangjin Hexin Wenfeng Bond aims to replicate such performance by focusing on stable returns and risk management [1][3] - Huang Tao's other managed funds, such as Chuangjin Hexin Stable Add Profit Bond A and Chuangjin Hexin Xin Xiang Mixed A, have also shown competitive returns compared to their peers [3][4][5]

Core Viewpoint - The emergence of fund advisory services aims to address the issue where funds generate profits, but individual investors do not benefit from them [6]. Group 1: Fund Advisory Overview - Fund advisory, as the name suggests, refers to investment consulting services specifically for funds [2]. - Similar to other professional fields, such as medicine and law, fund investment also requires expert guidance [4]. Group 2: Advantages of Fund Advisory - Fund advisory services help investors achieve better returns through a combination of "investment" and "advisory" [7].

Core Viewpoint - The article narrates a personal investment journey, highlighting the transition from traditional savings to active investment in funds, emphasizing the importance of discipline and learning in wealth accumulation [1][8]. Group 1: Initial Investment Experience - The author began investing in funds after realizing that traditional savings were insufficient due to inflation, with a notable shift occurring in 2008 when they deposited their savings into a bank [1]. - The initial investment strategy involved cautious allocation of savings into various funds, akin to a farmer sowing seeds, which led to early successes in fund investments [2]. Group 2: Learning from Mistakes - The author experienced both gains and losses, learning that discipline in investment is more reliable than luck, as demonstrated by the premature selling of a profitable wine index fund [4]. - A significant lesson was learned during the internet fund craze, where heavy losses were incurred from a poorly timed investment in an ETF, illustrating the consequences of greed and lack of strategy [6]. Group 3: Evolving Investment Strategy - The current investment approach involves allocating 10% of funds for market experimentation while keeping 90% in stable products like government bonds and money market funds, resulting in a maximum drawdown of less than 3% since 2018 [8]. - The author emphasizes that investment is akin to a form of self-discipline and growth, where understanding and managing desires is crucial for financial success [8].

Core Insights - The article narrates a personal investment journey, highlighting the challenges and learning experiences faced while investing in funds and stocks, particularly in the context of a gig economy job like food delivery [1][3][9]. Investment Strategies - The author employs a "buying groceries" approach to investing, indicating a methodical and cautious strategy in selecting funds [7]. - Emphasizes the importance of analyzing fund performance over a three-year period before making investment decisions [8]. - Suggests that high volatility funds should be approached with caution, akin to consuming spicy food in small amounts [8]. Market Observations - The article notes that an increase in food delivery orders can signal a good time to invest in index funds, reflecting a correlation between consumer behavior and market trends [7]. - The author observes that certain stocks, like those in the construction materials sector, can be influenced by external factors such as local events (e.g., moving trucks in the area) [12]. Personal Finance Management - The narrative includes a unique perspective on quantifying investment losses in terms of missed earnings from food delivery, illustrating the emotional and financial impact of investment decisions [12]. - The author maintains a disciplined approach to budgeting, allocating a third of monthly income to investments, which reflects a strategic financial planning mindset [8]. Learning and Adaptation - The article highlights the importance of continuous learning in investment, with references to reading materials and adapting strategies based on market conditions [5][9]. - The author shares insights on recognizing market trends, such as the rise in demand for certain stocks during specific weather conditions, indicating a proactive approach to investment [12].

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]