策略周报（7.28—8.1） | 分析师： | 金泽彬 | | --- | --- | | 研究品种: | 天然橡胶 | | 从业资格证号: | F3048432 | 橡胶：短线操作 橡胶期货 研究结论 请详细阅读后文免责声明 【 】 一、期货行情回顾 | 合约 | 开盘价 | 最高价 | 最低价 | 收盘价 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | RU2509 | 15595 | 15635 | 14275 | 14310 | -8.18% | | NR2509 | 13340 | 13385 | 12080 | 12175 | -8.6% | | BR2509 | 12415 | 12415 | 11380 | 11455 | -7.73% | 衍 生 品 本周市场大跌，跟随整体市场回落 市场情绪主导 短线操作 本周市场大跌，跟随整体市场回落。价格不断上涨后，做空力量不断增强，叠 加政治局最新表态偏空，市场看涨情绪消退，商品价格大跌。技术图形上短期呈现 偏空格局。 策略周报 二、现货行情回顾 上海云南 23 年国营全乳胶含 9%税报价 14300 元 ...

Group 1 - The public fund industry has seen a performance recovery, with major stock indices rising over 8% as of July 25, and over 90% of active equity products showing positive returns year-to-date [1][2] - Despite the positive performance, there has been a significant net redemption of over 1.07 billion units in active equity funds during Q2, a 56% increase from Q1 [1][2] - Investors are increasingly motivated by a "take profit" mentality, particularly in sectors like pharmaceuticals that have rebounded sharply [1][6] Group 2 - The innovative drug index has seen a cumulative increase of 74.21% from the beginning of the year to July 25, yet some high-performing funds are facing scale crises and potential liquidation [2][3] - For instance, Penghua Innovation Medicine A has experienced net redemptions of 1.69 million units and 8.15 million units in the first two quarters of the year, leading to a significant drop in its total assets [2][3] - Other funds, such as the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Industrial Machinery ETF, have also faced substantial redemptions, with a scale reduction of over 90% [3][4] Group 3 - The phenomenon of high-performing funds facing redemptions is attributed to investor sentiment rather than poor performance, with many investors opting to redeem funds that have shown moderate gains [6][7] - The market is currently characterized by rapid sector rotation, and while short-term trends may show strength, the difficulty in chasing high returns is increasing [1][7] - Analysts suggest that the market is transitioning from a capital-driven phase to one focused on fundamentals, indicating a potential shift in investment strategies for the second half of the year [1][8]

橡胶：短线操作 橡胶期货 研究结论 策略周报（7.21—7.25） | 分析师： | 金泽彬 | | --- | --- | | 研究品种: | 天然橡胶 | | 从业资格证号: | F3048432 | 请详细阅读后文免责声明 【 】 衍 生 品 本周市场冲高回落，跟随整体市场波动 市场情绪主导 短线操作 策略周报 一、期货行情回顾 | 合约 | 开盘价 | 最高价 | 最低价 | 收盘价 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | RU2509 | 14820 | 15665 | 14780 | 15585 | +5.23% | | NR2509 | 12665 | 13420 | 12595 | 13320 | +5.09% | | BR2509 | 11710 | 12525 | 11685 | 12415 | +6.16% | 本周市场冲高回落，跟随整体市场波动，泰国和柬埔寨冲突加重看多情绪。技 术图形上突破前期震荡区间上沿后又下跌，较为反复。 二、现货行情回顾 上海云南 23 年国营全乳胶含 9%税报价 15350 元/吨，相比上周上涨 550 ...