/ 2/2/2/2/ 普通投资者想参与高成长赛道,直接买指数基金比选个 股更适配,核心源于三大优势： 键打包 不用"猜个股" (H)农银汇理基金 ABC-CA FUND MANAGEMENT 广告 FFE (a) D ZIRE FIFI 脂數酮加張撥發點 A类: 026151 c类: 026152 正在发行 风险等级:R3 创业板指数是什么? 简单说,创业板指数是聚焦创业板市场的"优质成长组 合" --- 筛选出其中市值大、流动性好的100家企业, 打包成可追踪的投资标的,具有中国战略性新兴产业 "晴雨表"之称。 官部的代冈口 割道够硬核 指数成份股主要分布在电力设备、通信、电子、医 药生物、非银金融等板块,聚焦战略新兴产业和高 新技术领域。 中大盘领航 成份股中大盘风格较为鲜明,兼备成长和股价弹 性,业绩成长性较强。 成长 元突出 合年以实创业板指数要计上涨48 09% 元超泊 フ キャヘロ」エリストリールバイレ・レ・ノリ） にベビル 深300的18.44%。长期来看,近十年创业板指数 以115.49%的涨幅，大幅跑赢沪深300。 交年以来 创业板指数 沪深300指数 48.09% 25.50% 18.44 ...

被批为"太平间基金经理"的刘彦春 在这条帖子中，刘彦春被提及最多——"一波牛市下来动都不带动的，到现在还亏50%"，从而被贴上"太平间基金经理"的标签。夸张的表达背后，对应的是 景顺长城新兴成长（260108）在2021年高估值阶段后的长周期回撤。 Choice数据显示，截至11月25日，景顺长城新兴成长年内收益刚刚转正，为0.4%；景顺长城绩优成长混合A（007412）、景顺长城内需增长贰号混合A （260109）年内回报也仅在1%左右。若从2021年初高点算起，净值仍远低于当时水平，彼时买入的投资者可能仍承担逾五成的账面亏损。 近日，一条小红书帖子引发共鸣。发帖人回看自己在2021年买入的一批热门主动权益基金，感叹其中一只"动都不带动的"，并给基金经理刘彦春贴上了"太 平间基金经理"的标签。同样被提到的，还有朱少醒、蔡嵩松等当年最受追捧的明星基金经理。 情绪化的表达背后，是一批"山顶买入"的持有人在四年周期中的真实体验：同样是在2021年高位布局，如今这些明星基金和基金经理已经走向截然不同的路 径——有人靠医药、科技反弹修复，有人仍深陷旧核心资产的回撤区间，也有人在监管和更迭中离开公募体系。 如果把时间拉 ...

Group 1 - The core viewpoint of the news is that LianTe Technology's stock has increased by 5.43%, reaching a price of 129.15 CNY per share, with a trading volume of 745 million CNY and a turnover rate of 8.87%, resulting in a total market capitalization of 16.756 billion CNY [1] - LianTe Technology, established on October 28, 2011, and listed on September 13, 2022, specializes in the research, production, and sales of optical communication transceiver modules [1] - The company's main business revenue composition includes 92.72% from optical modules of 10G and above, 5.57% from optical modules below 10G, and 1.71% from material sales and leasing [1] Group 2 - Among the top circulating shareholders of LianTe Technology, a fund under Southern Fund holds a position, specifically the Southern CSI 1000 ETF (512100), which reduced its holdings by 8,800 shares in the third quarter, now holding 474,700 shares, representing 0.7% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY, achieving a year-to-date return of 23.15% and a one-year return of 22.74% [2]

Group 1 - The core viewpoint of the news is the performance and financial status of China General Nuclear Power Technology Co., Ltd. (CGN Tech), which saw a stock price increase of 5.35% to 8.86 CNY per share, with a trading volume of 166 million CNY and a market capitalization of 8.376 billion CNY [1] - CGN Tech is based in Shenzhen, Guangdong Province, and was established on April 17, 1993, with its listing date on September 2, 1998. The company's main business includes accelerator manufacturing, irradiation processing services, modified polymer materials, and nuclear environmental protection [1] - The revenue composition of CGN Tech is as follows: new materials account for 82.38%, other services 8.49%, electronic accelerators and irradiation processing 8.40%, and import-export trade 0.73% [1] Group 2 - Among the top ten circulating shareholders of CGN Tech, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 43,600 shares in the third quarter, now holding 5.1927 million shares, which represents 0.62% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 23.15%, ranking 2011 out of 4206 in its category; the one-year return is 22.74%, ranking 2147 out of 4006; and since inception, the return is 8.99% [2]

Core Viewpoint - The article discusses the performance of the Science and Technology Innovation ETF (科创ETF, 588050) and its major holdings, highlighting both gains and losses among its constituent stocks [1]. Group 1: ETF Performance - The Science and Technology Innovation ETF (588050) opened with a gain of 0.52%, priced at 1.357 yuan [1]. - Since its inception on September 28, 2020, the ETF has recorded a return of -5.97%, with a recent one-month return of -10.05% [1]. Group 2: Major Holdings - Key stocks within the ETF include: - SMIC (中芯国际) up by 0.97% - Haiguang Information (海光信息) up by 1.57% - Cambricon (寒武纪) up by 3.45% - Lattice Semiconductor (澜起科技) up by 0.93% - Zhongwei Company (中微公司) up by 0.53% - United Imaging Healthcare (联影医疗) up by 0.07% - Kingsoft Office (金山办公) down by 0.61% - Chipone Technology (芯原股份) up by 2.94% - Stone Technology (石头科技) up by 0.49% - Transsion Holdings (传音控股) down by 0.57% [1].

证券之星消息，2025年11月27日，汇添富稳健回报债券（018830）发布公告，增聘邵蕴奇为基金经理，任职日期自2025年11月27日起，变更后汇 添富稳健回报债券（018830）的基金经理为吴振翔,邵蕴奇。截止2025年11月26日，汇添富稳健回报债券净值为1.0756，较上一日下跌0.03%，近 一年上涨4.08%。 邵蕴奇先生：中国国籍，研究生学历、硕士学位。2017年7月起任汇添富基金管理股份有限公司行业分析师、高级行业分析师。2023年8月7日至今 任汇添富上证50基本面增强指数型证券投资基金的基金经理。2023年12月26日至今任汇添富行业整合主题混合型证券投资基金的基金经理。2024 年9月26日至今任汇添富稳健汇盈一年持有期混合型证券投资基金的基金经理。2024年10月15日至今任汇添富优选价值混合型发起式证券投资基金 的基金经理。2024年10月29日至今任汇添富弘悦回报混合型发起式证券投资基金的基金经理。2025年7月10日至今任汇添富国企创新增长股票型证 券投资基金基金经理。 其管理过的公募基金如下: | 基金代码 | 基金名称 | 规模(亿元) | 任职时间 | 任职回报 | | - ...

Core Viewpoint - The fund adopts a flexible global asset allocation strategy aimed at achieving long-term capital growth and income while managing downside risks. The strategy allows for dynamic adjustments across various asset classes to adapt to changing market conditions [5][10]. Fund Overview - Fund Code: 968175 - Fund Type: Flexible USD Mixed Equity and Bond - Benchmark Index: Morningstar Europe USD Investment Target Risk Balanced Allocation Index (USD) - Fund Size: 14.78 billion CNY as of November 24, 2025 - Fund Managers: Huang Siyuan, Fan Zhizhen, Guo Shaoyu - Fund Company: Swiss Pictet Asset Management - Annual Comprehensive Fee Rate: 1.69%, slightly above the peer median of 1.63% [1][13]. Historical Performance - From May 2017 to October 2025, the fund achieved an annualized return of 7.93%, outperforming the Morningstar peer benchmark by 90 basis points and ranking in the 14th percentile among similar funds [1][11]. - The fund's volatility, measured by standard deviation, was 8.98%, lower than the peer average of 9.30% during the same period [11]. Asset Allocation Strategy - The fund's asset allocation is flexible, with stock positions ranging from 20% to 70%, bond positions from 15% to 60%, and cash positions sometimes reaching 20%. Additionally, investments in gold, alternative assets, and real estate typically do not exceed 5% [5][6]. - The investment themes include long-term structural growth, cyclical opportunities, and diversified income, allowing the fund managers to adjust allocations based on market conditions [5][6]. Management Team - The fund is managed by Huang Siyuan, who has 23 years of investment management experience, supported by Fan Zhizhen and Guo Shaoyu, who have 10 and over 20 years of experience, respectively. The team collaborates closely, leveraging resources from Pictet's global multi-asset department [2][4]. Investment Style - The fund's investment style has shifted from a balanced/value approach before 2020 to a growth-oriented style since then. This flexibility in style impacts the fund's performance based on the manager's asset and stock selection [10][11].

Core Insights - The article emphasizes the importance of understanding global investment trends and multi-asset allocation through data, tools, and research to enhance financial institutions' investment research systems and service efficiency [1]. Group 1: Global Fund Flows - In Q3 2025, bond funds saw a net inflow exceeding $368 billion, which is five times the inflow of equity funds [1]. - Active ETFs continued their strong momentum with a record net inflow of over $153 billion, marking a historical high, while passive open-end funds experienced rare net outflows [1]. - Digital asset funds, as an alternative investment, saw a 23% growth in total size compared to the end of Q2 2025 [1]. Group 2: Product Issuance Trends - China ranked first globally in the number of new fund issuances [1]. - Active ETFs consistently outpaced passive ETFs in issuance numbers worldwide [1]. - In mature markets, alternative assets and trading tool-type products are leading the trend in new fund issuances [1]. Group 3: Research and Analysis Tools - The article highlights the use of Morningstar Direct, a professional analysis platform covering over 600,000 investment products, to quickly identify market opportunities behind asset fund flows [2]. - The platform integrates data from global public funds, ETFs, and individual stocks, providing unique research support [2]. Group 4: Special Reports and Insights - A special interpretation of the "Morningstar Fund Company Rating Panorama Report" will be shared, discussing the relationship between fund company fee structures, product line stability, manager ownership rates, and future fund performance [5]. - Participants will receive the complete "Morningstar Fund Company Rating Panorama Report" and an opportunity to apply for a trial of Morningstar Direct [5].

Group 1 - The core viewpoint of the article highlights that Chunhou Fund has recently conducted research on a listed company, Luxshare Precision, which has developed core capabilities across the entire industrial chain in the humanoid robot sector [1] - Luxshare Precision has a rich product matrix in the automotive business, including high and low voltage wiring harnesses, high-speed wiring harnesses, special wiring harnesses, and fast charging guns, all of which have shown good development momentum globally [1] - The company is headquartered in Dongguan, Guangdong Province, at Beihuan Road No. 313, Qingxi Town [1] Group 2 - Chunhou Fund was established in 2018 and currently manages a total asset scale of 19.912 billion yuan, ranking 124th out of 211 in the public fund management sector [1] - The fund's non-monetary public fund asset scale is 19.911 billion yuan, ranking 106th out of 211 [1] - Chunhou Fund manages 33 public funds, ranking 122nd out of 211, and has 10 public fund managers, ranking 109th out of 211 [1] - The best-performing public fund product in the past year is Chunhou Xinyue Mixed A, with a latest unit net value of 1.0 and a growth of 70.27% over the past year [1]

Group 1: Luxshare Precision Industry Co., Ltd. - The company has developed core capabilities across the entire industrial chain in the humanoid robot sector, capable of independently completing precision machining of key components such as harmonic gears, except for batteries and some joint modules [1] - The automotive business has been established for many years, with a rich product matrix that includes high and low voltage wiring harnesses, high-speed wiring harnesses, special wiring harnesses, and fast-charging guns, all of which have shown good development momentum globally [1] - The company's office is located at No. 313, Beihuan Road, Qingxi Town, Dongguan City, Guangdong Province [1] Group 2: Century Huatong - The games launched in 2023 continue to set new highs, with no observed peak in their lifecycle; Kingshot is breaking overseas records previously set by Whiteout Survival, indicating a larger overseas market with more users [2] - The company has tested multiple products at high speed and low cost, releasing no fewer than 20 products since 2023, with hit products driven by data; approximately two-thirds of total profits come from the "DianDian" segment, which combines cash and equity incentives [2] - The overlap of users in overseas markets is about 20%, and the increase in R&D expenses is due to the expansion of the DianDian team, with minimal impact from dollar conversion [2]