Group 1 - The fund issuance market in early 2026 is experiencing a significant surge, particularly in FOF (Fund of Funds) products, driven by customer demand, product transformation, and channel support [1][3] - Notable FOF products, such as Wanjiacaitai's and Guangfa's, sold out within one day and two days respectively, indicating strong market interest [1][2] - Major banks, including China Merchants Bank and China Construction Bank, have launched marketing initiatives for FOF products to attract funds from traditional bank deposits [2][4] Group 2 - The demand for FOF products is fueled by the upcoming maturity of 20.7 trillion yuan, 9.6 trillion yuan, and 1.3 trillion yuan in 2-year, 3-year, and 5-year fixed deposits, respectively, in 2026, which exceeds the previous year's figures by 4 trillion yuan [3] - The low interest rates on fixed deposits are prompting investors to seek new asset classes, with FOF products offering diversified investment opportunities across various asset types, including U.S. stocks, Hong Kong stocks, and commodities [3][4] - The role of fund managers is evolving from selecting individual funds to focusing on asset allocation and strategy development, reflecting a shift in the positioning of FOF products [3][4] Group 3 - The FOF sales boom is part of a broader trend in the fund issuance market, with 38 new funds launched between January 5-7, 2026, and a total of 77 funds planned for the month [4][5] - Equity products remain dominant, with 26 index funds and 26 actively managed equity funds among the new offerings, alongside a diverse range of other fund types [5]

1月5日，目标总规模55亿元的"圆信基石(厦门)REITs投资基金"在厦门正式设立。这是全国首支地方政 府引导设立的REITs主题基金，凸显厦门在深化投融资体制改革、盘活存量资产领域迈出新的步伐，也 是金圆集团积极响应国家深化金融供给侧结构性改革号召、落实厦门投融资体制改革、服务城市能级跃 升的创新实践。 当前，我国正持续深化金融供给侧结构性改革，积极推动存量资产盘活，引导更多长期资本投向基础设 施领域。REITs作为连接实体经济与资本市场的创新工具，不仅是拓宽融资渠道、优化资本结构的创新 举措，更是推动有效投资、促进经济高质量发展的战略支点。 作为厦门市属国有金融服务企业，金圆集团始终坚持"支持实体、服务城市、盘活存量、优化配置"，面 向全国在资产盘活领域深耕布局，先后投资了全国首单农贸市场REITs——华威农贸REIT、全国首单总 部型科技创新产业（300832）园REITs——首农产业园REIT、全国首批2单数据中心REITs——万国数据 和润泽科技（300442）数据中心REIT等多个项目，并系统梳理储备了一批权属清晰、收益稳定的优质 资产，为REITs发行提供了扎实基础。 集聚资本合力，共建服务生态 ...

根据上海证券交易所《关于2026年沪港通下港股通交易日安排的通知》、深圳证券交易所《关于2026年 深港通下的港股通交易日有关安排的通知》以及摩根基金管理（中国）有限公司（以下简称"本公司"） 旗下部分基金的基金合同和招募说明书相关规定，相关基金办理申购、赎回的开放日为上海证券交易 所、深圳证券交易所以及相关期货交易所的正常交易日；若该工作日为非港股通交易日，则基金不开放 上述业务，但基金管理人根据法律法规、中国证监会的要求或基金合同的规定公告暂停申购、赎回时除 外。 为保障基金平稳运作，维护基金份额持有人利益，本公司决定在下列2026年非港股通交易日暂停本公告 适用基金的申购、赎回等业务，并自下列非港股通交易日结束后的首个开放日恢复相关基金的上述业 务，届时不再另行公告。 一、适用基金 ■ 二、2026年非港股通交易日 ■ 特别提示： 1、上述日期已剔除和上海证券交易所、深圳证券交易所休市日重合的日期。 2、如遇因其他原因暂停申购、赎回或有其他交易状态限制的，具体业务办理以相关公告为准。 3、若非港股通交易日安排发生变化或将来根据法律法规和适用基金的基金合同的约定需要调整上述安 排的，本公司将另行调整并公告 ...

2、本基金为定期开放基金，本次开放期时间为2026年1月12日至2026年1月12日，开放期内本基金接受 申购、赎回、转换申请。 3、本基金自2026年1月13日起进入封闭期，封闭期内本基金不接受申购、赎回、转换申请。 2 申购、赎回、转换业务的办理时间 根据国投瑞银顺成3个月定期开放债券型证券投资基金(以下简称："本基金")《基金合同》、《招募说 明书》的规定，本基金以定期开放方式运作，即以封闭期和开放期相交替的方式运作。本基金的封闭期 为自基金合同生效日（包括基金合同生效日）或每个开放期结束之日次日起（包括该日）至3个月后的 月度对日的前一日止（包括该日）。本基金的首个封闭期为自基金合同生效日起（包括基金合同生效 日）至基金合同生效日所对应的3个月后的月度对日的前一日止（包括该日）。第二个封闭期为首个开 放期结束之日次日起（包括该日）至该封闭期首日所对应的3个月后的月度对日的前一日止（包括该 日），以此类推。本基金每个开放期不少于1个工作日并且最长不超过10个工作日。 登录新浪财经APP 搜索【信披】查看更多考评等级 公告送出日期：2026年1月8日 1 公告基本信息 ■ 1、本基金本次开放期间暂停接受个 ...

◎记者 赵明超 一场股债之间的资金流动已悄然开始。开年以来，债券基金屡现赎回，债券ETF两日净赎回额超450亿 元，还有10只场外债基出现大额赎回。与此同时，权益类ETF获净申购，新基金发行升温，80多只权益 类基金正在或即将发行。展望后市，多家机构表示，"春季躁动"行情已启幕，随着赚钱效应显现，后续 增量资金入市可期。 新基金批量提前结募 开年伊始，新基金提前结募成为新发市场一大亮点。1月6日，广发基金公告称，广发悦盈稳健三个月持 有期混合（FOF）自1月5日开始募集，将募集截止日从1月16日提前至1月6日。此外，华宝中证全指电 力公用事业ETF募集截止日从1月9日提前至1月7日。 部分新基金募集期更是只有一天。其中，万家启泰稳健三个月持有期混合(FOF)1月5日开始募集，当日 即结束募集。 随着新基金发行市场热度持续，更多增量资金入市可期。Choice数据显示，截至1月7日，75只新基金正 在发行，其中，权益类基金数量达到53只。另有41只基金发布基金份额发售公告，即将启动发行，其中 权益类基金达到29只。 在新基金火热发行的同时，存量产品资金流向则呈现新变化，其中，债券基金屡现大额赎回。就ETF申 赎情 ...

Group 1 - The core point of the article is the historic renaming of Huatai-PineBridge's ETF, which will be officially renamed "Huatai-PineBridge CSI 300 ETF" starting January 9, 2026, in response to exchange standardization requirements [1] - The fund, with a scale exceeding 430 billion yuan, is currently the largest in the market and has shown excellent liquidity, leading the market since 2023 [1] - The renaming aims to enhance product recognition by adopting a "core index + ETF + manager" format, providing clearer investment choices for investors and promoting transparency and standardization in the ETF market [1]

Core Viewpoint - The implementation of a long-term assessment mechanism for pension funds, with a focus on mid-to-long-term performance metrics, aims to enhance the investment capabilities of pension funds and promote long-term investment strategies in the capital market [1][2][4]. Group 1: Long-term Assessment Mechanism - The official guidance on the long-term assessment mechanism for pension funds has been issued, establishing a minimum contract duration of three years for performance evaluation [2][5]. - The assessment will primarily focus on mid-to-long-term goals, with an emphasis on quantitative indicators beyond three years [2][4]. - The new mechanism aims to shift the evaluation from short-term performance to a more sustainable long-term perspective, allowing pension funds to invest more strategically [1][3]. Group 2: Impact on Investment Behavior - The long-term assessment mechanism is expected to reduce the pressure on investment managers to chase short-term performance, thereby allowing for more stable and value-driven investment decisions [3][6]. - This change is anticipated to transform pension funds from being reactive to market fluctuations into stable long-term capital that can act as a market stabilizer [6]. - The guidance is part of a broader initiative to align various long-term funds, including public funds and insurance capital, to create a solid foundation for long-term investment in the capital market [5][6]. Group 3: Market Implications - The implementation of the long-term assessment mechanism is seen as a critical upgrade to the infrastructure of the Chinese capital market, addressing the fundamental conflict between long-term capital attributes and short-term investment behaviors [6]. - It is expected to enhance the overall market environment by encouraging long-term capital to participate in a more rational manner, rather than creating short-term volatility [6].

1月7日，银华基金发布公告称，银华标普港股通低波红利交易型开放式指数证券投资基金将于1月12日 发售。 近年来，红利基金赛道不断升温，产品数量与管理规模双双扩容。在刚刚过去的2025年，公募机构加码 布局红利基金，全年新成立65只红利基金，合计募集规模突破300亿元，其中，有7只红利基金募集规模 在10亿元以上。从发行节奏来看，2025年公募机构对红利基金的布局呈现提速态势：相对于上半年新成 立26只产品，下半年新成立产品39只，体现出公募机构对红利策略的青睐。 作为以稳定分红为重要特征的产品，红利基金的积极分红行为受到投资者关注。1月7日，华泰柏瑞中证 红利低波ETF联接、中欧中证红利低波动100指数发起两只基金宣布进行2026年度第一次分红。从分红 方案来看，华泰柏瑞中证红利低波ETF联接A份额、C份额、I份额和Y份额，均按每10份份额分红0.05 元；中欧中证红利低波动100指数发起A份额和C份额，每10份份额分别分红0.031元、0.029元。 在受访业内人士看来，在中长期资金入市、无风险收益率走低等背景下，红利资产凭借高股息、分红稳 定等优势，已成为资产配置中不可或缺的重要标的。 展望2026年，上 ...

Core Insights - The article provides an overview of the latest net asset values of various funds, highlighting the top-performing and bottom-performing funds in terms of net value growth [2][3][6]. Top Performing Funds - The top 10 funds with the highest net value growth include: 1. 东方阿尔法科技优选混合发起A with a net value of 1.1989 and a growth of 7.25% 2. 东方阿尔法科技优选混合发起C with a net value of 1.1962 and a growth of 7.24% 3. 汇添富竞争优势灵活配置混合 with a net value of 1.6000 and a growth of 7.20% 4. 汇安趋势动力股票A with a net value of 1.5857 and a growth of 7.11% 5. 汇安趋势动力股票C with a net value of 1.5216 and a growth of 7.11% 6. 广发创新医疗两年持有混合A with a net value of 0.8354 and a growth of 7.01% 7. 广发创新医疗两年持有混合C with a net value of 0.8196 and a growth of 7.00% 8. 南方信息创新混合A with a net value of 3.1321 and a growth of 6.90% 9. 南方信息创新混合C with a net value of 2.9725 and a growth of 6.90% 10. 华夏上证科创板半导体材料设备主题ETF发起式联接A with a net value of 1.4488 and a growth of 6.81% [2]. Bottom Performing Funds - The bottom 10 funds with the lowest net value growth include: 1. 英大CFETS0-3年政金债指数C with a net value of 0.9515 and a decline of 7.49% 2. 东财景气驱动C with a net value of 1.5989 and a decline of 2.21% 3. 东财景气驱动A with a net value of 1.6183 and a decline of 2.21% 4. 万家数字经济股票发起式C with a net value of 0.9366 and a decline of 2.12% 5. 万家数字经济股票发起式A with a net value of 0.9381 and a decline of 2.12% 6. 华夏中证金融科技主题ETF发起式联接A with a net value of 1.1772 and a decline of 2.00% 7. 华夏中证金融科技主题ETF发起式联接C with a net value of 1.1759 and a decline of 1.99% 8. 华宝中证金融科技主题ETF发起式联接A with a net value of 1.1557 and a decline of 1.98% 9. 华宝中证金融科技主题ETF发起式联接C with a net value of 1.1418 and a decline of 1.97% 10. 金鹰周期优选混合C with a net value of 0.7913 and a decline of 1.86% [3]. Market Overview - The Shanghai Composite Index showed slight fluctuations, while the ChiNext Index experienced a rebound. The total trading volume reached 2.88 trillion, with a ratio of advancing to declining stocks at 2173:3190 [6]. - Leading sectors included comprehensive services and hotel catering, both rising over 3%, while sectors like oil, shipping, public transport, aviation, and securities faced declines [6]. Fund Strategy Analysis - The top-performing fund, 东方阿尔法科技优选混合发起A, is focused on the semiconductor industry, with a significant portion of its holdings in high-growth stocks [7]. - The bottom-performing fund, 英大CFETS0-3年政金债指数C, experienced significant fluctuations due to large-scale redemptions rather than poor asset allocation [4].

Core Viewpoint - The long-term assessment mechanism for pension funds has been officially implemented, aiming to enhance the investment effectiveness of pension funds by extending the evaluation period and focusing on medium to long-term goals [2][3]. Group 1: Long-term Assessment Mechanism - The official guidance specifies that the management contracts for pension funds should have a minimum duration of three years, establishing a new standard for long-term assessment [3]. - The performance evaluation of pension funds will primarily rely on medium to long-term objectives, with an emphasis on indicators that span over three years [3]. - The new mechanism aims to reduce the pressure on fund managers to chase short-term performance, allowing for more stable and strategic investment decisions [4]. Group 2: Importance of Pension Funds - Corporate and occupational pension funds are a crucial part of China's second pillar of the pension system, with an investment scale exceeding 7.7 trillion yuan as of September 2025 [5]. - The investment returns from corporate pension funds during the 14th Five-Year Plan period are projected to exceed 756 billion yuan [5]. - The long-term nature of pension funds is essential for stabilizing the capital market and enhancing value discovery, which has been hindered by short-term performance pressures [5][7]. Group 3: Policy Implications - The guidance is part of a broader initiative to promote long-term capital investment across various financial sectors, including public funds and insurance companies [6]. - The implementation of long-term assessment mechanisms is expected to transform pension funds from being reactive to becoming proactive long-term capital [7]. - This policy is viewed as a significant upgrade to the infrastructure of China's capital market, addressing the fundamental conflict between long-term capital attributes and short-term investment behaviors [7].