【导读】基金业绩比较基准新规"落地"倒计时，基金公司已上报修改方案，获监管多轮反馈 北京一家中型基金公司表示，目前已上报了相关方案，将在维护产品稳定运作、安抚好投资者情绪的基 础上，审慎有序地推进存量产品业绩比较基准的调整，也会实时关注同业进度，交流借鉴成功经验。 "年前基准修改的整体报告已提交会里和局里，目前持续收到咨询和涉及部分产品的修改，有权益类产 品也有债券型基金。有些还处于方案拟定过程中，最终定稿和执行有待会里统一安排。"沪上一家大型 基金公司表示。 另外，还有多家基金公司表示，经评估，无需对存量产品进行业绩基准变更，调整工作无特别压力，后 期根据监管及行业节奏做规范性表述修订即可。 记者从多家基金公司了解到，监管对基金公司提交的基准修改材料已反馈意见。从反馈的内容来看，监 管关心的问题主要包括：基准调整是否降低了标准、基准与历史运作的匹配度、是否符合合同约定，以 及是否与未来产品定位一致等。 公募基金业绩比较基准新规"落地"倒计时。中国基金报记者从业内了解到，多家基金公司已向监管提交 了产品基准修改方案的相关报告材料，有基金公司已获多轮反馈。 多位业内人士表示，目前监管主要关心的是基准调整是否降低 ...

易方达增强回报（A/B：110017/110018）是一只一级债基，根据基金合同，该基金投资债券等固定收益 类资产的比例不低于基金资产的80%，股票等权益类品种不高于基金资产的20%。银河证券数据显示， 该基金的主份额易方达增强回报A自2008年3月19日成立以来截至2026年1月31日，净值增长率达到 286.21%，年化平均净值增长率7.85%，期间最大回撤仅-6.93%，过去17个完整年度的净值增长率在同 类20只基金中排名第1。 2月27日，易方达增强回报（A/B：110017/110018）公告分红。根据分红方案，此次分红以2月24日为收 益分配基准日，3月2日进行权益登记和除息，3月3日发放现金红利，每10份基金份额可获0.15元分红。 也就是说，截至2月24日若投资者持有10000份该基金份额，此次可分红150元。 公告还显示，此次系易方达增强回报（A/B：110017/110018）2025年度第3次分红。根据基金合同规 定，在符合有关基金分红条件的前提下，该基金收益每年最多分配12次，全年分配比例不得低于年度可 供分配收益的60%。 ...

天眼查App显示，近日，天津滨海滨建新型储能股权投资基金合伙企业（有限合伙）成立，执行事务合 伙人为天津滨海新区新兴产业基金管理有限公司，出资额20亿人民币，经营范围为以私募基金从事股权 投资、投资管理、资产管理等活动。合伙人信息显示，该基金由天津滨海新能源投资管理有限公司、科 力远（600478）、天津滨海新区新兴产业基金管理有限公司、深圳市元科慧储投资有限公司共同出资。 ...

2026 年 02 月 27 日 行业动量分域视角：再论行业轮动 模型的因子化 ——申万金工因子观察第 4 期 20260226 相关研究 证券分析师 邓虎 A0230520070003 denghu@swsresearch.com 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 权 益 量 化 研 究 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 股 票 基 金 - ⚫ 直接因子化可能是使用行业轮动模型的较优方式。行业轮动模型因偏动量的逻辑可以和 现有的量价因子形成互补，也能在上行行情里体现出较好的进攻性，成为解决当前中证 500 指数增强超额回撤的重要思路之一。但行业轮动模型面临着如何与传统指数增强框 架去结合的问题，我们给出的答案是：直接因子化可能是使用行业轮动模型的较优方式。 ⚫ 行业动量是行业轮动模型能够贡献的重要增量信息，是行业模型因子化的基础。因此，我 们剥离了行业轮动模型里的信息增量，传统行业轮动模型框架里有一部分如财报、资金流 等信息与选股信息是重叠的，而基于行业动量和拥挤度的技术面属于与选股不 ...

Core Insights - The article highlights the latest ranking of the top 20 private equity and venture capital fund managers in Shaanxi Province, based on the total assets under management and the number of registered funds [1][2]. Group 1: Fund Management Overview - As of December 31, 2025, the top 20 private equity and venture capital fund managers in Shaanxi have a total assets under management of 70.2 billion, accounting for 61.30% of the total registered private funds in the province [1]. - The top 20 fund managers collectively manage 344 funds, which represents 44.27% of the total registered private funds in Shaanxi [1]. Group 2: List of Top Fund Managers - The article provides a list of the top 20 private equity and venture capital fund managers, including: - Xi'an Industrial Investment Fund Management Co., Ltd. - Xi'an Longding Investment Management Co., Ltd. - Xi'an High-tech Industry Venture Capital Co., Ltd. - Xi'an Shanmei Fund Management Co., Ltd. - Shaanxi Jinzi Fund Management Co., Ltd. - Xi'an Caijin Investment Private Fund Management Co., Ltd. - Shaanxi Guokai Tourism Industry Fund Management Co., Ltd. - Xi'an Zhongke Chuangxing Venture Capital Management Co., Ltd. - Shaanxi Growth Enterprise Guidance Fund Management Co., Ltd. - Shaanxi Kema Investment Management Partnership (Limited Partnership) - Shaanxi Silk Road Tonghui Private Fund Management Co., Ltd. - Shaanxi Investment Fund Management Co., Ltd. - Shaanxi Guantian Private Fund Management Co., Ltd. - Chang'an Huitong Private Fund Management Co., Ltd. - Yulin Coal Conversion Fund Investment Management Co., Ltd. - Shaanxi New Era Capital Management Co., Ltd. - Weinan Jinkong Capital Management Enterprise (Limited Partnership) - Tangxing Tianxia Investment Management (Xi'an) Co., Ltd. - Xixian New Area Jinkong Capital Asset Management Co., Ltd. - Xi'an Zhuiguang Hard Technology Venture Capital Management Co., Ltd. [3]

Core Viewpoint - The 5-10 Year Government Bond ETF has shown a slight decline in value, with a current price of 116.08 yuan, reflecting a decrease of 0.11% as of February 26, 2026 [3]. Group 1: Market Performance - The 5-10 Year Government Bond ETF has a recent trading volume of 1,040.21 thousand yuan, with a turnover rate of 0.89% [3]. - The average daily trading volume over the past year for the ETF is 6.07 billion yuan [3]. - The ETF's maximum drawdown this year is 0.22%, compared to a benchmark drawdown of 0.08% [4]. Group 2: Fund Size and Flows - The latest size of the 5-10 Year Government Bond ETF is 1.163 billion yuan [4]. - There has been no net inflow or outflow of funds recently, but over the last four trading days, the ETF has attracted a total of 26.1525 million yuan [4]. Group 3: Tracking Accuracy - The tracking error for the ETF over the past month is 0.017% [5]. - The ETF closely tracks the China Securities 5-10 Year Government Bond Active Bond Index, which includes bonds with maturities of 5, 7, and 10 years [5].

Core Viewpoint - The article discusses the launch of a compensation plan for the Guotou Silver LOF, marking a first in the industry [1] Group 1 - The compensation plan aims to address investor concerns and enhance confidence in the fund [1] - This initiative is seen as a significant step in the mutual fund industry, potentially setting a precedent for future compensation mechanisms [1] - The plan is expected to provide financial relief to affected investors, thereby improving the fund's reputation [1]

Group 1 - The core viewpoint of the news is that the issuance of government bonds, including national and local special bonds, has accelerated in 2026, with a year-on-year increase of 12% and 60% respectively for national bonds and new special bonds [1] - The 30-year Treasury ETF (511090) showed a slight increase of 0.05% to 115.05 yuan as of 09:32 on February 27, 2026, with a trading volume of 48.67 million yuan and a turnover rate of 0.21% [1] - The average daily trading volume of the 30-year Treasury ETF over the past year was 8.11 billion yuan, indicating strong market interest [1] Group 2 - The bond market faced pressure on February 26, with yields on medium to long-term bonds rising by over 2 basis points, and all Treasury futures contracts closing lower [2] - The 30-year Treasury futures contract fell by 0.53% to 112.09, while the 10-year, 5-year, and 2-year contracts also experienced declines [2] - The overall liquidity in the market is expected to stabilize, with major repo rates declining, indicating a potential balance in the funding environment [2] Group 3 - The 30-year Treasury ETF closely tracks the China Bond 30-Year Treasury Index, which consists of publicly issued 30-year government bonds, serving as a benchmark for investment in this category [2]

兴业基金多元业务部、指数与量化业务部总经理助理徐成城认为，2026年权益市场的投资主线依然将围 绕科技展开，后续科技风格的演绎更多体现在产业成长趋势与业绩实际兑现的相互印证，业绩的确定性 有望成为2026年科技主题投资的核心线索。 本报讯(记者昌校宇)2月27日，兴业基金旗下兴业中证科技优势成长50策略ETF正式在上海证券交易所上 市交易。 从产品设计来看，兴业中证科技优势成长50策略ETF可以助力投资者跳出传统的特定行业选择逻辑，在 A股中直接配置计算机、半导体、电子、通信设备、数字媒体、生物科技、航空航天与国防等"硬科 技"含量较高的行业；还能在上述行业中通过复杂精细的指数量化手段，为投资者遴选出兼具成长性和 一定安全边际的优质资产。 兴业中证科技优势成长50策略ETF较为契合当下科技投资主线，其跟踪的中证科技优势成长50策略指数 在A股科技板块中采用成长、创新、质量等因子进行量化选股和加权，并创新性地引入了分析师一致预 期因子，来增强对上市公司未来营收、业绩变化的预测能力，为投资者提供了多因子策略的投资工具。 ...

Core Viewpoint - Changying Tong's stock price dropped by 5.84% to 57.44 CNY per share, with a total market capitalization of 7.397 billion CNY as of the report date [1] Group 1: Company Overview - Changying Tong Optical Technology Co., Ltd. is located in Wuhan, Hubei Province, and was established on May 18, 2010, with its listing date on December 12, 2022 [1] - The company specializes in the research, production, sales, and service of optical fiber gyroscope core components, particularly optical fiber rings, and is recognized as a national-level specialized and innovative "little giant" enterprise [1] - The main business revenue composition includes: optical fiber ring devices (57.61%), special optical fibers (19.36%), other (supplementary) (11.68%), new materials (7.18%), and optical device equipment and others (4.17%) [1] Group 2: Shareholder Information - Among the top ten circulating shareholders, a fund under China Europe Fund holds 3.17% of the circulating shares, amounting to 3.0001 million shares [2] - The fund, China Europe High-end Equipment Stock Initiation A (016847), was newly added to the top ten circulating shareholders in the third quarter and has a current scale of 279 million CNY [2] - The fund has achieved a year-to-date return of 15.06% and a one-year return of 40.68%, ranking 571 out of 5574 and 1267 out of 4326 respectively [2] Group 3: Fund Holdings - The same fund, China Europe High-end Equipment Stock Initiation A (016847), reduced its holdings by 1.14 million shares in the fourth quarter, now holding 1.8601 million shares, which constitutes 4.93% of the fund's net value [3] - The estimated floating loss for the fund today is approximately 662.18 thousand CNY [3]