| 离任高级管理人员职务 | 总经理助理兼首席权益投资官 | | --- | --- | | 离任高级管理人员姓名 | 蒋佳良 | | 离任原因 | 个人原因 | | 离任日期 | 2025年11月7日 | | 转任本公司其他工作岗位的说明 | 元 | 浦银安盛基金再现人事调整。公司近日公告，总经理助理兼首席权益投资官蒋佳良因个人原因离任，离任日期为2025年11月7日。这是继2024年12月董事长 张健上任后，公司高管层的又一次重要变动。 Choice数据显示，截至2025年三季度末，浦银安盛公募资产净值约3419亿元，较2024年末下降逾10%，行业排名退至第30位，在银行系公募中降至第8位。 其中ETF规模不增反降，仅7.82亿元，不足2024年底的三分之一，成为公司表现最弱的业务板块。 蒋佳良离任，权益投研进入重组期 蒋佳良拥有丰富的金融履历，先后任职于法兰克福分行资金部、华宝证券和平安资管，2018年加入浦银安盛，历任研究部总监、均衡策略部总经理、基金经 理等职，2023年升任公司总经理助理兼首席权益投资官，成为浦银安盛权益投研的关键人物。 他的离任并非突发。9月29日，蒋佳良率先退出浦银安盛价值成 ...

Group 1 - International gold prices have experienced a significant decline from over $4400 to $3900, a drop exceeding 10%, but have recently rebounded to around $4140 per ounce due to various market factors [1] - Weak employment data from the U.S. private sector and expectations of interest rate cuts by the Federal Reserve have provided support for gold prices, with a notable increase in spot gold prices by nearly 3% recently [1] - The Challenger report indicates that U.S. corporate layoffs exceeded 150,000 in October, marking the highest level for this period in over 20 years, suggesting a slowdown in the U.S. labor market [1] Group 2 - Morgan Stanley's macro and fixed income strategy head predicts that gold prices may surpass $5000 next year, driven by global central bank purchases, particularly from emerging markets [2] - Emerging market economies, including China, Poland, Turkey, and Kazakhstan, are expected to lead the next wave of gold purchases, as many of these countries have substantial cash flows that need reinvestment [2]

Core Viewpoint - Spot gold has surpassed $4,130 per ounce, with the gold ETF (159937) rising by 1.45% today and a year-to-date increase of 52.8% [1] Group 1: Market Developments - The U.S. government shutdown may come to an end, leading to improved market liquidity. The Senate has passed a temporary funding bill aimed at ending the 40-day government shutdown, with a potential resolution expected by the weekend [1] Group 2: Gold Market Dynamics - According to Debon Securities, the fundamental logic for rising gold prices remains unchanged due to global debt expansion, deepening de-dollarization trends, ongoing central bank gold purchases, and a declining real interest rate environment. Investors are advised to continue accumulating gold on dips [1] Group 3: ETF Investment Trends - Gold ETFs have become a significant tool for investors looking to gain exposure to gold. The China Gold Association reported that gold consumption in China for the first three quarters was 682.73 tons, a year-on-year decrease of 7.95%. However, domestic gold ETF holdings increased by 79.015 tons, a year-on-year growth of 164.03%, reaching a total of 193.749 tons by the end of September [1] - The gold ETF (159937) has seen a net inflow of 13.472 billion yuan this year, with a current scale of 37.758 billion yuan, ranking among the top in its category. It invests in gold spot contracts on the Shanghai Gold Exchange and closely tracks the price changes of major gold spot contracts, offering convenient T+0 trading [1]

Group 1 - The article discusses various dividend yields of different indices, highlighting the performance of specific ETFs and their respective dividend rates [1][2][3] - The S&P Hong Kong Stock Connect Low Volatility Dividend ETF has a dividend yield of 5.54%, while the S&P China A-Share Dividend Opportunity Index shows a yield of 4.92% [1] - The China Securities A500 Low Volatility Dividend Index has a dividend yield of 4.18%, indicating a competitive return compared to other indices [1][3] Group 2 - The Shanghai Composite 180 Value Index has a dividend yield of 4.15%, and the CSI 800 Low Volatility Dividend Index yields 4.14% [3] - The 5-year Loan Prime Rate (LPR) is at 3.50%, while the 1-year LPR is at 3.00%, reflecting the current interest rate environment [3] - The article also mentions various bond yields, including the 10-year government bond yield at 1.80% and the AAA-rated corporate bond yield at 1.96% [3]

Group 1 - The core point of the article highlights that the Yin Hua Ri Li ETF (511880.SH) experienced a slight increase of 0.01% on November 11, 2025, despite significant net outflows of 1.36 billion yuan from major funds [1] - The fund's latest trading volume reached 145 million shares, while the latest trading amount fell below 15 billion yuan, marking a new low in trading volume over the past month [1]

一、ETF行业快讯1.三大指数震荡下挫，科创材料板块ETF逆势上涨 今日，三大指数震荡下挫，上证综指下跌0.39%，深证成指下跌1.03%，创业板指下跌1.4%。多只科创 材料板块ETF上涨，其中，科创新材料ETF汇添富（589180.SH）上涨1.44%，科创材料ETF （588160.SH）上涨1.17%，科创新材料ETF（588010.SH）上涨0.95%。 2.51只指增ETF年内平均净值增长率超30% 据证券日报，今年以来，在市场风格快速轮动的背景下，增强指数型ETF凭借"指数底+主动增"的双重 优势脱颖而出。Wind资讯数据显示，截至11月10日，全市场51只增强指数型ETF悉数实现年内正收益， 平均净值增长率达30.21%。 据上海证券报，内外资机构均在借道ETF布局后市。在近日成立的跨境ETF持有人名单中，多家外资巨 头现身其中。与此同时，各路产业资本也在借道ETF基金入市。在业内人士看来，受政策支持与产品创 新双重驱动，ETF已成为资产配置的重要工具。ETF产品也持续快速扩容，年内已有超300只ETF上市， 数量远超去年全年。 二、今日行情速览1.指数走势 统计A股与海外主要核心指数走势，今 ...

Core Viewpoint - The article discusses the launch of a new floating fee rate product, Zhongyin Quality Emerging Mixed Fund, which employs a unique management fee mechanism based on holding period and excess return rates [1]. Fund Overview - Zhongyin Quality Emerging Mixed Fund has a performance benchmark composed of 60% CSI 300 Index, 15% Hang Seng Index, 20% China Bond Composite Index, and 5% bank demand deposits, reflecting a diversified market trend [1]. - The fund aims to provide a reasonable performance reference for investors by covering both A-shares and Hong Kong stocks [1]. Fund Management - The fund will be managed by Li Sijia, who has a comprehensive background in cyclical, financial, and growth sectors, focusing on balanced investment strategies [1]. - Li Sijia aims to achieve stable risk-adjusted returns by diversifying income sources and avoiding single beta exposure [1]. Performance Review - Zhongyin Strategic Emerging Industry Stock A, managed by Li Sijia since October 2023, achieved a 43.92% return over the past year, significantly outperforming its benchmark of 15.37% [2]. - The fund has shown strong performance in recent years, with notable returns in 2020 (66.16%) and 2021 (25.75%), despite a downturn in 2022 (-19.96%) [4]. Market Outlook - Li Sijia expresses a long-term positive outlook on technology growth assets and cyclical industries, driven by strong industry trends and improvements in return on equity (ROE) [2]. - The article highlights the investment opportunities arising from the rapid growth of AI applications and the ongoing evolution of humanoid robotics, indicating a structural demand surge in related sectors [2]. Company Strategy - Zhongyin Fund aims to enhance its integrated investment research capabilities while providing diversified asset allocation solutions to improve investor experience [3].

资料显示，王雁曾任职于蔚深证券有限责任公司深圳湾营业部、中科招商创业投资管理有限公司、银华 基金管理有限公司，曾任建信基金管理有限公司创新发展部总监和市场推广部总监、北京瀚文成长资本 管理中心(有限合伙)合伙人、中航基金管理有限公司总经理助理。2022年2月起，王雁加入鑫元基金管 理有限公司，历任首席产品官、公司总经理助理，现任公司副总经理。 人民财讯11月11日电，11月11日，鑫元基金发布公告，新任副总经理王雁于11月10日上任。 ...

资料显示，曹毅曾任中国人民银行广州分行、深圳中心支行干部。2002年1月至2008年8月期间先后任南 方基金管理有限公司市场拓展部副总监、渠道部总监。2008年8月至2013年3月任鹏华基金管理有限公司 副总裁。2013年3月至2025年8月任农银国际控股有限公司副执行总裁。2025年8月至今，任农银汇理基 金管理有限公司党委委员。 人民财讯11月11日电，11月11日，农银汇理基金发布公告，由曹毅新任公司副总经理，任职日期自11月 7日起。 ...

Core Insights - The total margin balance for ETFs in the Shanghai and Shenzhen markets reached 118.896 billion yuan as of November 10, 2025, reflecting an increase of 0.787 billion yuan from the previous trading day [2] - The financing balance for ETFs was 110.514 billion yuan, up by 0.79 billion yuan, while the margin balance for securities lending decreased to 8.382 billion yuan, down by 0.02 billion yuan [2] ETF Performance - On November 10, 302 ETFs experienced net financing inflows, with the top performer being the E Fund ChiNext ETF (code: 159915), which saw a net inflow of 0.276 billion yuan [2] - Other notable ETFs with significant net inflows included the HFT CSI Short Bond ETF (code: 511360) with 0.151 billion yuan, the Huaan Yifu Gold ETF (code: 518880) with 0.120 billion yuan, the Pengyang 30-Year Treasury ETF (code: 511090) with 0.082 billion yuan, and the Huaxia SSE Sci-Tech Innovation Board 50 ETF (code: 588000) with 0.076 billion yuan [2]