Core Viewpoint - The report provides an overview of the performance and management of the Jianxin Energy Chemical Futures ETF for the second quarter of 2025, highlighting its investment strategy, financial indicators, and market outlook. Fund Product Overview - Fund Name: Jianxin Energy Chemical Futures ETF - Fund Code: 159981 - Fund Type: Exchange-Traded Fund (ETF) - Effective Date of Fund Contract: December 13, 2019 - Total Fund Shares at Period End: 432,536,957 shares - Investment Objective: Closely track the underlying index, minimizing tracking deviation and error [2][3]. Financial Indicators and Fund Performance - Net Value Growth Rate for the past three months: -2.70% - Net Value Growth Rate for the past six months: -6.87% - Net Value Growth Rate for the past year: -18.24% - Net Value Growth Rate for the past three years: -18.31% - Net Value Growth Rate for the past five years: 59.89% - Since the fund contract's inception, the performance has been tracked against a benchmark with a return of -2.80% [4][5][12]. Management Report - The fund manager has been diligent in managing the fund's assets, ensuring compliance with relevant laws and regulations, and maintaining fair trading practices to protect investors' interests [7][8]. - The fund's investment strategy primarily involves index replication, aiming to align with the weights of the underlying index's component futures contracts [13][14]. Market Outlook - The market sentiment has improved due to signals from the Central Financial Committee regarding the promotion of a unified national market, although the domestic economy has not fully recovered [9][12]. - The report anticipates that the underlying index will experience a primarily fluctuating trend in the third quarter, with potential short-term trading opportunities [9][12].

永赢沪深 300 交易型开放式指数证券投资基金 2025 年第 2 季度报告 永赢沪深 300 交易型开放式指数证券投资基金 基金管理人：永 赢 基 金管理有限公司 基金托管人：中国工商银行股份有限公司 报告送出日期：2025 年 07 月 17 日 永赢沪深 300 交易型开放式指数证券投资基金 2025 年第 2 季 度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并对其内 容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中国工商银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 日复核了本报告 中 的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、误导性陈述或者重大遗 漏。 基金管理人承诺以诚实信用、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。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅读本基金的招 募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 04 月 01 日起至 2025 年 06 月 30 日止。 | §2 | 基金产品概况 | ...

永赢深证 100 交易型开放式指数证券投资基金(原永赢深证创新 100 交易型开放式指数证券投资基金 转型)2025 年第 2 季度 报告 永赢深证 100 交易型开放式指数证券投资基金(原永赢深证创新 100 交易型开放式指数证券投资基金转型) 基金管理人：永 赢 基 金管理有限公司 基金托管人：中国银行股份有限公司 报告送出日期：2025 年 07 月 17 日 永赢深证 100 交易型开放式指数证券投资基金(原永赢深证创新 100 交易型开放式指数证券投资基金 转型)2025 年第 2 季度 报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏，并对其 内 容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中国银行股份有限公司根据本基金合同规定，于 2025 年 07 月 15 日复核了本报告中 的财 务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、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。 易型开放式指数证券投资基金。本报告中，永赢深证创新 100 交易型开放式指 ...

Core Points - The total trading volume of the CSI A100 Index ETF reached 118 million yuan today, an increase of 40.13 million yuan compared to the previous trading day, representing a growth rate of 51.22% [1] Trading Volume Summary - The Huafu CSI A100 ETF (561880) had a trading volume of 41.13 million yuan today, up 33.67 million yuan from the previous day, with a growth rate of 451.31% [1] - The GF CSI A100 ETF (512910) recorded a trading volume of 18.71 million yuan, an increase of 447,490 yuan, with a growth rate of 31.43% [1] - The CMB CSI A100 ETF (159631) saw a trading volume of 16.71 million yuan, up 357,710 yuan, with a growth rate of 27.24% [1] - The BoShi CSI A100 ETF (561770) and the YiFangDa CSI A100 ETF (159686) also showed significant increases in trading volume, with growth rates of 99.51% and 88.62% respectively [1] Market Performance Summary - As of market close, the CSI A100 Index (000903) fell by 0.33%, while the average decline for related ETFs tracking the CSI A100 Index was 0.31% [1] - The ETFs with the largest declines included the FuGuo CSI A100 ETF (561180) and the Jiashi CSI A100 ETF (159661), which dropped by 0.45% and 0.42% respectively [1]

华宝标普沪港深中国增强价值指数证券投 资基金（LOF） 基金管理人：华宝基金管理有限公司 基金托管人：中国建设银行股份有限公司 报告送出日期：2025 年 7 月 16 日 华宝标普沪港深中国增强价值指数 2025 年第 2 季度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中国建设银行股份有限公司根据本基金合同规定，于 2025 年 07 月 14 日复核了本 报告中的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、误导性陈 述或者重大遗漏。 基金管理人承诺以诚实信用、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。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细阅读本 基金的招募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 04 月 01 日起至 06 月 30 日止。 §2 基金产品概况 基金简称 华宝标普沪港深中国增强价值指数 场内简称 价值基金 LOF 基金主代码 501310 基金运作方式 上市契约型开 ...

Market Overview - The overall market experienced a slight increase, maintaining a rating of 4.8 stars [1] - Large, mid, and small-cap stocks all saw minor gains [2] - Dividend and value styles showed overall growth, while growth styles remained relatively weak [3][4] - The ChiNext index and other indices experienced declines [5] - Hong Kong stocks also saw slight increases, with technology and dividend indices rising [6] Earnings Growth and Economic Cycles - The duration of bear markets can vary significantly, influenced by economic cycles [7] - The formula for index fund returns is based on valuation, earnings, and dividends, with earnings growth being the primary driver for long-term index increases [8] - For example, the CSI All Share Index was around 2700-2800 points during the 5-star rating period from 2012-2014, and it reached 4800 points in the recent year, despite similar valuations [8][9] - Earnings growth is not uniform; for instance, the year-on-year earnings growth rates for the CSI All Share Index were 4.24% in 2020, 21.88% in 2021, 8.90% in 2022, 0.41% in 2023, and projected at -0.23% for 2024 [10][11] - Economic cycles are not linear, with periods of economic downturn leading to bear markets, while economic upturns correspond to bull markets [13][14] Bear Market Duration - The length of bear markets is closely related to economic cycles [15] - Quick recovery from economic downturns can shorten bear market durations, as seen in 2009 and 2020 [16][17] - Conversely, prolonged economic stagnation can lead to extended bear markets, exemplified by the U.S. stock market's performance from 2000 to 2008 and Japan's market from 1989 [18] - In the last decade, the U.S. market has avoided long bear markets, with no signs of economic downturn as of the first quarter of this year [19] Future Outlook - Understanding the sources of index returns highlights that earnings growth is crucial for long-term index increases, which is significantly influenced by economic cycles [20] - Recent economic policies, such as interest rate cuts and other stimulus measures, are expected to support the recovery of Chinese assets [21] - The CSI All Share Index's earnings grew by 4.46% in the first quarter, indicating a potential return to positive growth [22] Investment Strategy - During periods of economic heat, stock prices tend to rise, making them less attractive for investment [23] - Conversely, during economic downturns, stocks may be undervalued, presenting buying opportunities [25] - The investment strategy remains consistent: buy when prices are low and sell when they are high, while patiently waiting during other times [26]

Group 1 - The total trading volume of the CSI 300 Index ETFs reached 9.285 billion yuan today, an increase of 3.720 billion yuan from the previous trading day, representing a growth rate of 66.85% [1] - Huatai-PB CSI 300 ETF (510300) had a trading volume of 5.184 billion yuan today, up by 2.614 billion yuan, with a growth rate of 101.74% [1] - The trading volume of the Jiashi CSI 300 ETF (159919) was 1.013 billion yuan, increasing by 529 million yuan, with a growth rate of 109.09% [1] Group 2 - The CSI 300 Index (000300) rose by 0.12% at the close, while the average increase of related ETFs was 0.29% [2] - The top-performing ETFs included Bosera CSI 300 ETF (515130) and Southern CSI 300 ETF (159925), which rose by 0.54% and 0.42% respectively [2] - The ETFs with the largest trading volume increases included Minsheng Jianyin CSI 300 ETF (515350) and Guolian An CSI 300 ETF (515660), with increases of 426.48% and 224.82% respectively [1][2]

Group 1 - The West China Fund has launched the West China Hang Seng Technology Index, a QDII passive index equity fund, with a public offering period from July 9 to July 22, 2025, and a minimum fundraising target of 200 million shares [1][2] - The fund aims to invest in the Hang Seng Technology Index, which includes the top 30 Hong Kong-listed companies highly related to technology themes, and seeks to maintain an average tracking deviation of no more than 0.35% and an annualized tracking error of no more than 4% [2] - The management fee for the West China Hang Seng Technology Index is set at an annual rate of 0.5% based on the previous day's net asset value [4] Group 2 - The proposed fund managers are Hu Chao and Tong Guolin, with Tong currently managing three funds totaling over 1 billion yuan, including the West China Growth Enterprise Board ETF [5][10] - Hu Chao has been with the company since November 2017 and currently manages one product, the West China Hong Kong Stock Connect New Opportunities, which has a year-to-date return of 20.64%, outperforming its benchmark by over 7 percentage points [5][10] - The Hang Seng Technology Index has seen significant growth, with an increase of 18.7% in 2024 and over 19% year-to-date as of July 8, 2025 [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 尚正基金管理有限公司 二〇二五年七月 重要提示 1、尚正中证A500指数发起式证券投资基金（以下简称"本基金"）的发行已获中国证券监督管理委员会 （以下简称"中国证监会"）证监许可[2025]72号文准予募集注册。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。 2、本基金为股票型、发起式证券投资基金，运作方式为契约型开放式。 3、本基金的管理人和登记机构为尚正基金管理有限公司（以下简称"本公司"或"基金管理人"），托管 人为恒丰银行股份有限公司。 4、本基金的销售机构包括直销机构和其他销售机构，其中直销机构指本公司，其他销售机构详见本公 告"五、本基金募集的当事人和中介机构"章节。基金管理人可根据情况变更或增减销售机构，并在基金 管理人网站公示。 5、本基金于2025年7月11日至2025年10月10日通过销售机构公开发售。 6、本基金可设置募集规模上限，具体规模上限及规模控制的方案详见基金管理人届时公告。 7、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 ...

Core Viewpoint - The trading volume of the Shenzhen 100 Index ETFs increased significantly today, indicating heightened market activity and investor interest in these funds [1] Trading Volume Summary - The total trading volume of Shenzhen 100 Index ETFs reached 171 million yuan today, an increase of 87.62 million yuan compared to the previous trading day, representing a growth rate of 104.53% [1] - Specifically, the E Fund Shenzhen 100 ETF (159901) had a trading volume of 118 million yuan, up by 63.85 million yuan, with a growth rate of 118.22% [1] - The Southern Shenzhen 100 ETF (159212) recorded a trading volume of 23.66 million yuan, increasing by 12.70 million yuan, with a growth rate of 115.93% [1] - The Great Wall Shenzhen 100 ETF (159216) saw a trading volume of 11.10 million yuan, up by 7.83 million yuan, with a remarkable growth rate of 239.30% [1] - Other ETFs such as the Yongwin Shenzhen 100 ETF (159721) and the Rongtong Shenzhen 100 ETF (159219) also experienced significant increases in trading volume, with growth rates of 596.19% and 407.65% respectively [1] Market Performance Summary - As of market close, the Shenzhen 100 Index (399330) rose by 1.58%, while the average increase for related ETFs was 1.60% [1] - The top performers included the Great Wall Shenzhen 100 ETF (159216) and the Huashan Shenzhen 100 ETF (159706), both of which increased by 1.74% [1]