Core Viewpoint - The ETF market has experienced a significant inflow of funds post-Spring Festival, with a net inflow of 3.937 billion yuan from February 24 to February 25, reversing the net outflow trend observed in the five trading days prior to the holiday [1][2]. Fund Flow Analysis - The ETF market saw a stark contrast in fund flows before and after the Spring Festival. Prior to the holiday, the market experienced a net outflow of 14.369 billion yuan due to liquidity management and profit-taking sentiments [2]. - Post-holiday, the return of wealth management funds and the release of allocation demand contributed to the 3.937 billion yuan net inflow [2]. - Broad-based ETFs have been particularly attractive, with significant inflows into the Southern CSI 500 ETF (1.522 billion yuan), Southern CSI A500 ETF (372 million yuan), and Huaxia CSI 500 ETF (215 million yuan), totaling 2.109 billion yuan [2]. Sector-Specific Inflows - Technology-related ETFs have emerged as key areas for fund inflows, driven by high growth expectations. Notable inflows include the Satellite ETF (483 million yuan), Huaxia CSI Robotics ETF (332 million yuan), Tianhong CSI Robotics ETF (331 million yuan), and E Fund CSI Artificial Intelligence Theme ETF (319 million yuan), collectively attracting 1.465 billion yuan [3]. Institutional Insights - Institutions view the post-holiday fund flow characteristics as indicative of a trend where ordinary investors are increasingly using ETFs for convenient allocation, reflecting professional funds' judgment on market opportunities [4]. - The sustained inflow into broad-based ETFs suggests a preference for diversified allocation to mitigate risks associated with single sectors, while the activity in technology ETFs highlights expectations for supportive policies and technological breakthroughs in sectors like semiconductors and AI [4]. - The concentration of funds in broad-based and technology-themed ETFs aligns with a "steady foundation + elastic offense" investment strategy, resonating with the core role of technology in economic transformation [4]. Investor Recommendations - For ordinary investors, it is advised to select products based on their risk tolerance: those with lower risk tolerance may consider broad-based ETFs for core holdings, while those seeking higher elastic returns could allocate to technology sector ETFs, ensuring to manage position sizes to avoid over-concentration in a single sector [5]. - Overall, the positive fund movement in ETFs post-Spring Festival injects liquidity support into the market and provides clear directional guidance for investors to seize future opportunities [5].

持续发酵近一个月的国投白银LOF（上市开放式基金）估值调整争议，正式进入投资者补偿落地的关键阶段，国投瑞银专门搭建支付宝线上通道——"国投 瑞银白银基金"小程序。 2月26日，"国投瑞银白银基金"小程序在支付宝正式上线，符合条件的投资者只需进入该小程序，按提示完成身份核验，即可在线便捷办理赔偿和解相关事 宜。截至记者发稿，该小程序已有超1万人使用。 至此，持续发酵近一个月的国投白银LOF估值调整争议，正式进入投资者补偿落地的关键阶段，也为受此次估值调整影响的中小投资者提供了便捷的维权路 径。 源于估值调整风波 此次支付宝小程序的上线，源于2月初由国投白银LOF估值调整引发的市场风波。 作为公募市场上唯一主要投资于白银期货的LOF基金，国投白银LOF自2026年以来便因持续高企的溢价率备受市场关注。据统计，仅2026年第一个月，该基 金便已累计发布20次溢价风险提示公告、14次停复牌公告及2次停牌公告。高频预警足以说明其风险特征，但大量资金仍跟风追涨，推动基金场内价格与净 值严重偏离，为后续极端走势埋下隐患。 2月2日，一场突如其来的净值雪崩打破了该基金此前的市场平静。当日晚间，国投白银LOF更新净值数据，最新 ...

Core Viewpoint - The controversy surrounding the valuation adjustment of the Guotou Silver LOF fund has entered a critical phase with the launch of an online compensation channel for investors, providing a convenient path for small and medium investors to seek redress [1][3]. Group 1: Valuation Adjustment Background - The valuation adjustment issue originated from a sudden net value collapse of the Guotou Silver LOF fund on February 2, 2026, where the net value dropped by 31.5% from 3.2838 yuan to 2.2494 yuan in one day, exceeding the Shenzhen Stock Exchange's 10% limit for LOF funds [4][5]. - The fund, which primarily invests in silver futures, had been under scrutiny due to its high premium rates and frequent risk warnings, with 20 premium risk alerts and multiple trading halts issued in January 2026 alone [4][6]. Group 2: Investor Compensation Scheme - Guotou Ruijin Fund announced a compensation plan on February 15, 2026, aimed at protecting the rights of investors, particularly small and medium investors, following the valuation controversy [7][10]. - The compensation scheme is structured as a "full + tiered" model, where investors with losses below 1,000 yuan will receive full compensation, while those with losses exceeding 1,000 yuan will receive a base amount plus a percentage of the excess [10][11]. Group 3: Online Compensation Process - An online compensation channel named "Guotou Ruijin Silver Fund" was launched on Alipay on February 26, 2026, allowing eligible investors to complete identity verification and process compensation claims conveniently [1][11]. - As of the report, over 10,000 users had accessed the online platform, indicating a significant uptake among affected investors [1]. Group 4: Market Impact and Future Outlook - The valuation adjustment and subsequent compensation plan have led to increased volatility in the fund's secondary market performance, with the fund experiencing a series of trading halts and price drops following the initial announcement [7][12]. - Despite the compensation efforts, the fund continues to exhibit a high premium rate, with a reported premium exceeding 30% as of February 25, 2026, indicating ongoing risks associated with high premium trading [12].

《每日经济新闻》记者获悉，近日包括韩国、巴西、日本、法国等国的股市接连出现大涨，国内公募基金中投资于这些市场的跨境ETF也随之快速走强。 以韩国为例，继2025年累计上涨75.63%牛冠全球后，今年韩国股市继续大涨。年初以来，韩国综合股价指数（KOSPI）已经上涨49.67%；就在今天盘中， 该指数还一度创下6313.27点的历史新高。 根据Wind数据，跟踪中证韩交所中韩半导体指数的华泰柏瑞中韩半导体ETF，今日涨幅达到9.64%，近5日涨幅为26.27%，年初以来更是以67.68%的涨幅领 跑市场。 再来看看巴西股市，2025年巴西IBOVESPA指数上涨超过30%，今年以来继续上涨18.69%。跟踪该指数的巴西ETF易方达，近5日涨幅也接近10%，年初至今 已大涨34.70%。 2月26日，韩国股市继续大涨。 根据Wind数据，今天韩国综合股价指数收于6307.27点，收涨3.67%，盘中一度创下6313.27点的历史新高。 不仅如此，2025年韩国股市就以75.63%的累计涨幅领跑全球市场，今年以来继续开启上涨模式。截至2月26日年内累计涨幅达49.67%，一跃成为全球第九大 股市，实现了从"估值洼地 ...

写在文章前的声明：在本文之前的说明：本文中所列的投资信息，只是一个对基金资产净值进行排行的客观描述，并无主观倾向性，也不是投资建议，纯属 娱乐性质。 一顿操作猛如虎，基金净值已更新，谁是基金中的王者，谁又垫底，请看数据： | 基金简称 PK | | | YANNEWSGH FRANCE AND | | | --- | --- | --- | --- | --- | | 1 | 华泰柏瑞中 ... C | 2.7528 | 6.04% | 8 | | | 019455 | 2026-2-26 | | | | 2 | 华泰柏瑞中 ... A | 2.7691 | 6.03% | 8 | | | 019454 | 2026-2-26 | | | | 3 | 华泰柏瑞中韩 ... l | 2.7662 | 6.03% | 8 | | | 022681 | 2026-2-26 | | | | 4 | 广发利鑫混合C | 3.0650 | 5.44% | | | | 011172 | 2026-2-26 | | | | 5 | 广发利鑫混合A | 3.1270 | 5.43% | 8 | | | 002446 | 202 ...

| Wind代码 | 证券简称 | 截至2月26日 年内涨幅(%) | | --- | --- | --- | | 671010.OF | 西部利得策略优选A | 54.37 | | 673071.OF | 西部利得新动力A | 53.48 | | 673040.OF | 西部利得行业主题优选A | 48.54 | | 001302.OF | 前海开源金银珠宝A | 32.51 | | | 数据来源:Wind,数据截取:2026年1月1日-2026年2月26日; | | 本报（chinatimes.net.cn）记者栗鹏菲 叶青 北京报道 年初至今，资源板块的结构性行情持续演绎，重仓相关赛道的基金净值表现抢眼，成为公募权益类基金 排名大战中的领跑者。Wind数据显示，截至2月26日，西部利得策略优选A今年以来收益率已达 54.37%，在偏股混合型基金中名列前茅；同一位基金经理管理的西部利得新动力A和西部利得行业主题 优选A年内涨幅也分别达到53.48%和48.54%；前海开源金银珠宝A同样录得32.51%的收益率。 然而，记者查阅基金官方公开信息发现，上述凭借重仓资源股斩获亮眼回报的基金，其基金合同约定的 投 ...

新华财经上海2月26日电（记者杨溢仁）2026年以来，可转债市场在权益市场"慢牛"预期与"资产荒"格 局的共振下，迎来了"开门红"。 分析人士认为，春节假期过后，可转债市场有望在资金回流与政策预期的推动下延续强势表现，不过， 高估值与结构分化料成为市场演绎不可忽视的特征。 估值攀高显韧性 2026年以来，可转债市场呈现出"指数走强、估值高企、成交活跃、结构分化"的四大核心特征。 回顾1月份的市场表现，在A股1月迎来"开门红"（上证指数1月14日早盘一度触及4190.87点，创2024年9 月24日启动的本轮行情以来的阶段新高）的大背景下，叠加年初资金配置需求增强，可转债市场迎来 了"正股+估值"的双轮驱动行情，中证转债指数当月涨幅持平万得全A指数，整体表现不俗。 可转债估值方面，根据西部证券测算，1月30日可转债市场的百元溢价率达35.0%，较2025年12月末上 升4.45pp(百分点），处于自2018年、2021年以来，99.5%和99.3%的分位数水平。不同平价——40元、 60元、80元、90元、110元、120元、130元对应的转股溢价率分别为190.4%、106.1%、65.6%、52.6%、 3 ...

Group 1 - The core point of the news is the significant performance of various ETFs, particularly the South Korea-China Semiconductor ETF, which surged by 9.64%, leading the market with a premium rate of 21.10% and a turnover rate of 125.76% [1][5] - The short-term bond ETF, Hai Futong, recorded a transaction volume exceeding 66 billion yuan, making it the top ETF in the market for that day [4][6] - There was a notable inflow of funds into broad-based ETFs such as the CSI 500 ETF and the A500 ETFs, indicating a shift in market sentiment [5][7] Group 2 - The semiconductor equipment sector continues to rise, driven by strong demand for AI and a persistent supply-demand imbalance in the global storage industry, which is expected to last until at least 2027 [2][3] - The chip design sector saw a significant rally, attributed to Nvidia's impressive earnings report and ongoing domestic industry development supported by favorable policies [3] - Several ETFs related to power grids and communications also experienced notable gains, reflecting a broader market trend towards these sectors [1][2] Group 3 - The market is currently experiencing a shift from valuation-driven growth to earnings-driven performance, with an increasing focus on the quality of earnings, cash flow, and dividend capabilities of listed companies [8] - The investment strategy is suggested to adopt a phased approach or dollar-cost averaging to capture long-term opportunities amidst market volatility [8] - The market is expected to continue its upward trend, with mid-cap and large-cap blue-chip stocks likely to outperform in the context of economic recovery [8]

2月26日，东莞市新春第一会——"资本赋能 服务强企"动员部署大会召开，作为东莞新春以来聚焦企业发展、激活资本动能的首场重磅会议，大会同步举行 多场签约仪式，发布多项务实举措，为全年制造业高质量发展定调蓄力。 会上发布的"鲲鹏计划"2.0版，提及设立1个"上市服务基地"，依托松山湖科技金融集聚区"四个高地"，将打造金融改革创新试验田和资源集聚平台，打造"上 市服务生态圈"。 现场大会图。 开局定调，东莞要靠资本、服务"起飞"了！ 东莞市中心。资料图 其中提出，将设立1个"上市服务基地"。依托松山湖科技金融集聚区"四个高地"（"科技金融政策创新高地""金融资源汇聚高地""金融产品创新高地""科技金 融服务高地"）定位，打造金融改革创新试验田和资源集聚平台，汇聚证券、基金、银行、保险、服务中介等各类机构，搭建企业融资常态化对接平台，打 造"上市服务生态圈"，为全市企业提供全方位、全链条的上市支持与服务。 松山湖科技金融集聚区于2025年3月正式启动，整合政策、资本与产业资源，致力于构建覆盖科技创新全生命周期的金融服务体系。东莞松山湖党工委委 员、管委会副主任李树峰介绍，将出台一系列政策，推动一大批机构落户，推动企 ...

Group 1 - Public funds such as Invesco Great Wall, Morgan, and Cathay Fund announced that some of their funds will implement dividends soon, reflecting a growing enthusiasm for dividend distribution among public funds in 2026 [1][2] - As of February 25, 2026, public fund products have recorded up to 7 dividend distributions this year, with quantitative funds being particularly active in this regard [1][2] - The increase in dividend distributions is seen as a strategy by fund managers to enhance the long-term attractiveness of their products amid challenges in fundraising and in response to policy requirements [1][2] Group 2 - The majority of funds with the highest number of dividend distributions are active equity funds, with quantitative funds appearing more frequently in the dividend distribution landscape compared to previous years [2][3] - The focus on dividend funds is driven by the need for stable cash flows from dividend assets, which can provide dual returns through consistent cash dividends and potential capital gains [3][4] - Since the beginning of 2026, dividend-themed funds have shown strong performance, with some products achieving returns exceeding 10%, and the average return for all dividend-themed funds reaching 4.47%, surpassing the Shanghai Composite Index's growth [3][4] Group 3 - The shift in the industry is moving from scale expansion to prioritizing investor interests, with dividends becoming a key factor in enhancing the holding experience for investors [5] - The growth in the scale of passive products and the maturity of dividend mechanisms, along with the demand from long-term capital for stable cash flows, are driving the increase in dividend amounts [5]