针对旗下国投瑞银白银期货LOF(161226)因单日净值暴跌31.5%并引发市场强烈争议一事，2月3日，国 投瑞银基金向投资者发布详细说明，集中回应了关于"临时调整估值方法"与"未提前公告"两大核心质 疑。 估值调整： 价格确定滞后，遵循行业惯例 对于为何未在2月2日开市前提前公告估值调整，国投瑞银给出三点解释： 一是价格确定时点晚：所参考的国际主要市场价格通常在北京时间下午3点后才能最终确定，此前无法 获得准确、公允的资产定价。 二是存在不确定性：公司无法预测国内期货合约盘中会否打开跌停板并恢复流动性，若可正常交易，则 可能无需调整估值。 三是避免引发恐慌：公司担心，若在交易时间内提前公告，可能被市场解读为基金流动性出现严重问 题，进而引发非理性的恐慌性"挤兑"。 国投瑞银表示，在方案确定后再发布公告是公募基金行业的普遍惯例，核心目的是为了坚持公平对待每 一位持有人。 为反映真实风险，确保公平 对2月2日当天赎回的投资者而言，赎回的基金资产本身实际价值已远低于上期所白银期货合约的价格。 国投瑞银在说明中将近期国际白银市场描述为"已远远脱离了正常的范畴"。公司指出，基金底层资产 (上期所白银期货合约)的真实价 ...

Group 1 - The core viewpoint of the news is that Top Cloud Agriculture has seen a stock price increase of 5.08%, reaching 117.80 yuan per share, with a trading volume of 282 million yuan and a turnover rate of 8.31%, resulting in a total market capitalization of 10.046 billion yuan [1] - Top Cloud Agriculture, established on April 7, 2008, is located in Hangzhou, Zhejiang Province, and specializes in the research, production, sales, and service of agricultural testing instruments and agricultural IoT [1] - The company's main business revenue composition includes smart agriculture projects at 70.63%, smart hardware devices at 27.76%, and other technical services at 1.60% [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Top Cloud Agriculture, having reduced its holdings by 4,200 shares in the third quarter, now holding 235,400 shares, which is 1.22% of the circulating shares [2] - The Southern CSI 1000 ETF has a total scale of 78.996 billion yuan and has achieved a year-to-date return of 4.98%, ranking 1606 out of 5562 in its category, with a one-year return of 38.21%, ranking 1744 out of 4285 [2] - The fund manager of Southern CSI 1000 ETF is Cui Lei, who has been in the position for 7 years and 90 days, with a total asset scale of 137.02 billion yuan and a best fund return of 279.97% during the tenure [3]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 而基金公司则表示，此举是为保护持有人利益，确保净值公允。 来源：小基慢跑 基金净值单日暴跌31.5%，国内公募基金史上最大单日跌幅诞生，国投瑞银白银LOF基金被推上风口浪 尖。 "欲戴皇冠，必承其重"，规模涨的有多快，现在压力就有多大。 这和当年的"华子"，赛道型基金其实都一样。 2026年2月2日，持有国投瑞银白银LOF基金的投资者经历了一场"惊魂夜"。当晚更新的基金净值显示， 该基金单日跌幅高达31.5%，创下公募基金历史最高单日跌幅纪录。 这一罕见的暴跌并非完全源于市场波动，而是基金公司主动调整估值方法所致。愤怒的投资者在社交平 台宣泄不满，称"沪银当天已经跌停跌了17%，凭什么基金要跌31.5%？" 估值调整风波 国投瑞银基金在2月2日晚间发布公告，宣布对旗下白银LOF基金进行估值调整。公告称，鉴于近期白银 国际主要市场价格出现显著波动，与上海期货交易所白银期货差异较大，公司决定参考国际主要市场价 格变动幅度对基金资产进行合理重估。 这一调整的直接结果是，基金净值从前一交易日的3.2838元骤降至2.2494元，单日跌幅达到惊人 ...

新华财经上海2月3日电（记者 魏雨田）近期A股市场持续波动，板块呈现显著分化格局。上银基金认 为，A股市场中期向上的趋势并未发生根本改变。支撑这一判断的核心逻辑包括三方面：一是全球"资 产紧缺"的大背景持续延续，叠加全球地缘政治冲突频发，"耐心资本"流入股市的长期趋势未变；二是 国内"反内卷"政策持续深入推进，企业盈利改善预期逐步升温，为资本市场形成托底；三是当前板块的 快速调整更多是短期市场情绪及交易层面的反应，并未动摇中长期向上的趋势。 具体到中长期投资机会，上银基金表示，可关注三类机会：其一，AI相关产业。在科技自主可控的政 策导向下，国内AI产业链支持政策持续落地，预计全球算力领域资本开支将进一步扩大，AI端侧普及 率将稳步提升，后续可关注国产算力链、AI+游戏等投资机会。其二，中国品牌竞争力提升方向。中国 品牌制造已实现从"便宜货"到"质优价廉且盈利稳定"，再到多个领域实现"跨越发展"的转变，其中，国 产品牌出海领域，尤其是创新药、电力设备、工程机械等已实现弯道超车或自主份额持续提升的细分赛 道，值得重点关注。其三，资源品领域。铜、小金属等资源品具备真实稀缺性与抗通胀属性，且易形成 稳定的供给联盟， ...

Core Viewpoint - The A-share market has rebounded, with over 4,300 stocks rising, particularly in the commercial aerospace sector, which saw significant gains in related indices and stocks [1] Group 1: Market Performance - The National General Aviation Industry Index (980076) surged by 3.49%, with key stocks like Guanglian Aviation rising over 11% and Hangfa Control hitting the daily limit [1] - The Aviation ETF Huatai (159257) increased by 3.46%, with a latest price of 1.23 yuan, and has shown a cumulative increase of 2.60% over the past month [1] - The Aviation ETF Huatai had a turnover rate of 5.8% during the trading session, with a transaction volume exceeding 10 million yuan [1][3] Group 2: Fund Flows and Growth - The Aviation ETF Huatai experienced a scale growth of 101 million yuan over the past three months, ranking third among comparable funds [3] - The latest net outflow for the Aviation ETF Huatai was 1.206 million yuan, but it attracted a total of 113 million yuan over the past 21 trading days [4] Group 3: Strategic Developments - SpaceX announced the acquisition of AI startup xAI, integrating its rocket and satellite technology with AI capabilities, marking a strategic move towards building a "Space AI Empire" [4][5] - The concept of deploying orbital data centers in space to utilize solar energy for AI processing is seen as a breakthrough in overcoming current data center limitations [4] - The Chinese commercial aerospace sector is focusing on reusable rockets to reduce launch costs and increase frequency, with significant advancements expected in the coming years [5][6] Group 4: Industry Outlook - The Chinese aerospace sector is planning to develop new fields such as space tourism and smart infrastructure, with initiatives like the establishment of the "China Jiuquan Commercial Aerospace Port" [6] - The Aviation ETF Huatai focuses on low-altitude economy, military industry, and commercial aerospace, with defense and military sectors making up 61.6% of its index [7][10] - The low-altitude economy concept stocks account for 53% of the index, indicating strong potential for growth in this area [9][10]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2月3日，A500ETF南方（159352）放量上涨，截止发稿涨幅1.11%，成交额78亿元。资金流向方面，已 经连续4天获得净申购。最新份额339.78亿份，规模429.21亿元。 中信证券表示，本轮ETF集中赎回潮基本结束，权重股迎来修复窗口；大周期维度下的风格切换正在发 生，从小盘切大盘，从题材切质量。配置的底层思路还是应围绕中国具备竞争优势的行业在全球定价权 的重估，化工、有色、电力设备、新能源的底仓配置思路依然成立，但对投机属性越发明显的贵金属板 块要开始保持警惕；消费和地产链的躁动修复理应发生在春季，这与制造、科技并不对立。 招商证券指出，春节之后，政策催化将会加速出现，春节之后指数有望有更好的表现。基本面层面，1- 2月是数据真空期，从目前来看，产业端的边际变化带来的业绩改善趋势仍然是市场关注的方向。顺周 期涨价品种，半导体光模块为代表的AI链依然是景气趋势之所在。 申万宏源认为，总体市场仍处于上涨行情第一阶段的高位区域，领涨结构的估值到历史高位后，本就需 要较长时间的震荡调整，消化中长期性价比不足问题。特朗普提名凯文·沃 ...

Group 1 - The core viewpoint of the news highlights the upward trend of the Guozheng Free Cash Flow Index, with a notable increase of over 1.9% during trading, driven by stocks like China International Marine Containers and Weichai Power leading the gains [1] - The largest free cash flow ETF (159201) has attracted over 2.03 billion yuan in capital over the past 10 trading days, indicating strong investor interest [1] - Western Securities analysis suggests that during the Kondratiev wave downturn, increased geopolitical uncertainty has led to a preference for gold and stable cash flow assets, which has re-evaluated the dividend strategy in the A-share market [1] Group 2 - Free cash flow serves as the foundation for dividend distribution but emphasizes a company's internal growth capability, while dividend strategies focus on the results of dividend distribution, indicating a complementary relationship between the two strategies [2] - The free cash flow ETF (159201) and its linked funds (A: 023917; C: 023918) closely track the Guozheng Free Cash Flow Index, with management fees at 0.15% and custody fees at 0.05%, representing the lowest rates in the market to benefit investors [2]

Group 1 - The core viewpoint of the news is that 中航机载 (AVIC Aircraft) experienced a 5% increase in stock price, reaching 15.74 CNY per share, with a trading volume of 1 billion CNY and a market capitalization of 76.164 billion CNY [1] - 中航机载 is primarily engaged in the research, production, sales, and service of mechanical electronics, aviation electronics, automatic control, and inertial navigation in the fields of aviation, aerospace, naval vessels, and weaponry [1] - The revenue composition of 中航机载 includes 81.75% from aviation products, 14.59% from modern industries and others, and 3.66% from non-aviation defense products [1] Group 2 - 华泰柏瑞基金's fund, 华泰柏瑞沪深300ETF, reduced its holdings in 中航机载 by 1.9286 million shares, now holding 41.2569 million shares, which represents 0.85% of the circulating shares [2] - The estimated floating profit from the current holdings in 中航机载 is approximately 30.9427 million CNY [2] - 华泰柏瑞沪深300ETF has a total asset size of 422.258 billion CNY, with a year-to-date loss of 0.43% and a one-year return of 23.77% [2] Group 3 - The fund manager of 华泰柏瑞沪深300ETF is 柳军, who has a total tenure of 16 years and 249 days, with the fund's best return during his tenure being 225.42% [3] - The current total asset size managed by 柳军 is 550.928 billion CNY [3] Group 4 - Another fund, 航空航天, holds 599,100 shares of 中航机载, accounting for 4.72% of the fund's net value, making it the seventh-largest holding [4] - The estimated floating profit from 航空航天's holdings in 中航机载 is approximately 449,300 CNY [4] - 航空航天 has a total asset size of 1.7 billion CNY, with a year-to-date return of 4.04% [4]

2月3日，国投瑞银基金管理有限公司发布旗下基金白银期货估值调整公告 此次，随着场外基金净值大幅下跌，国投白银LOF的场内价格相比场外份额净值的溢价再度扩大，高达 109.92%。 同日，为保护投资者利益，本基金将于2026年2月3日开市起至当日10:30停牌，自2026年2月3日10:30复 牌。若本基金2026年2月3日二级市场交易价格溢价幅度未有效回落，本基金有权通过向深圳证券交易所 申请盘中临时停牌、延长停牌时间等措施，向市场警示风险，具体以届时公告为准。 2月3日，国投白银LOF复盘跌停，为连续第二日跌停，溢价率为88.94%。 为应对近期白银国际主要市场价格波动，决定调整旗下基金持有的白银期货合约估值方式。 调整自 2026年2月2日起实施，涉及合约包括AG2604、AG2605、AG2606、AG2608、AG2610、AG2612。 估值 调整依据为估值日北京时间下午3点的国际主要市场价格与前一交易日的波动幅度。 本次调整不改变基 金的投资目标、投资范围及风险收益特征，仅为了更真实、公允地反映基金净值。 一旦上述合约交易 恢复活跃市场特征，公司将恢复使用结算价估值方法，届时不再另行公告。 值得注 ...

Core Viewpoint - The news discusses various low-fee ETFs managed by E Fund that track different indices in the Chinese A-share market, highlighting their performance metrics and market coverage. Group 1: 中证500ETF - The 中证500ETF tracks the 中证500 index, which consists of the top 500 stocks by market capitalization after excluding the top 300 stocks from the 沪深300 index [2] - As of the latest update, the index has a rolling P/E ratio of 36.4 times and has achieved a valuation percentile of 68.3% since its inception in 2007 [2] Group 2: 中证1000ETF - The 中证1000ETF tracks the 中证1000 index, which includes 1000 smaller, liquid stocks not part of the 中证800 index [2] - The index has a rolling P/E ratio of 48.6 times and a valuation percentile of 71.5% since its launch in 2014 [2] Group 3: 中证2000ETF - The 中证2000ETF follows the 中证2000 index, focusing on 2000 smaller stocks with good liquidity, further emphasizing the performance of micro-cap stocks in the A-share market [2] - The index has a rolling P/E ratio of 161.7 times, with no specific valuation percentile mentioned for its performance [2] Group 4: 创业板200ETF - The 创业板200ETF tracks the 创业板中盘200 index, composed of 200 mid-cap stocks from the创业板 market, with over 40% representation from the information technology sector [4] - The index has a rolling P/E ratio of 108.8 times and has seen a performance increase of 2.6% as of the latest update [4]