来源：金石随笔 12月4日消息，今年前三季度可以说是大牛市行情，公募、私募们赚的是盆满钵满。公募来说，金石随 笔统计wind数据发现，今年以来有760只基金收益超50%，收益超30%的有2475只。 | 519133.OF | 用品造成年整功 | *** | 60.12% | 44.32% | 66.6376 | 31,45% | 3.0.34% | 180:2282 | 65.07% | -14.7 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 005109.OF | 工安多情感A | *** | 50.08% | 39.13% | 47.07% | 48.40% | 107,89% | 191/2282 | 65.03% | -14. | | 588700.0F | 情时时创板人工智能ETF | - | 50.07% | - | 44 | .. | 50.10% | 254/2828 | 55.02% | -25.3 | | 013552.OF | 工作基层长波完A | ***** | 50.06% | 48 ...

Group 1 - The article emphasizes the importance of policies to stabilize the real estate market, highlighting that the economic outlook for 2025 will be driven by exports, "two new" sectors, and high-tech manufacturing, while facing challenges in fixed asset investment and real estate [1] - The article discusses the mid-term policy space for stabilizing the real estate market from three perspectives: fundamentals, funding costs, and risk premiums [2] - It notes that the rental yield has begun to recover, reaching approximately 2.36% by October 2025, which is attractive compared to other financial instruments [3] Group 2 - The article highlights the decline in personal housing loan rates, which have decreased to 3.06% by Q3 2025, indicating potential policy space for further reductions [4] - It mentions that risk premiums in the real estate market are influenced by market expectations, and policies such as "guaranteeing delivery" and tax reductions are aimed at encouraging market stability [4] - The article points out that the performance of various asset classes has been affected by fluctuating expectations of interest rate cuts and market volatility, leading to a broad decline in global equities [5][6] Group 3 - The article indicates that the U.S. job market is showing signs of resilience, with non-farm payrolls rebounding, which may influence the Federal Reserve's decision on interest rates in December [13][14] - It discusses the mixed signals from the U.S. economy, with strong service sector performance but a slight decline in manufacturing PMI, suggesting a complex economic landscape [19][20] - The article also notes that trade deficits have narrowed significantly, driven by a reduction in imports, which could impact overall economic growth [21] Group 4 - The article outlines the recent trends in commodity prices, with significant fluctuations in energy and metals, and highlights the impact of geopolitical factors on market dynamics [34][36] - It discusses the performance of the Chinese stock market, noting a significant decline in the overall A-share index and a shift in market sentiment towards value and dividend stocks [11][12] - The article emphasizes the importance of government policies in supporting high-quality development in manufacturing and foreign trade, as well as addressing challenges in the agricultural sector [37][38][39]