Core Insights - Ant Group launched a one-stop index investment service platform called "Index+" to address the challenges faced by investors in selecting and understanding index funds as the ETF market reaches a new milestone of 4 trillion yuan [1][3]. Group 1: Platform Features - The "Index+" platform offers a variety of tools and data to present global market trends clearly and comprehensively, along with investment strategies such as allocation and regular investment [2]. - The platform provides a clear understanding of different types of indices and market changes from a broad asset perspective, including "broad-based + industry" and "domestic + global" investment methods [3][4]. - For more experienced investors, the platform includes selection tools based on various classifications, valuation levels, and profitability, while also addressing the needs of novice investors [4][5]. Group 2: Market Trends - The index market in China has seen rapid growth, with the latest data showing that Ant Group's stock index fund has exceeded 320 billion yuan in scale [3]. - The index-enhanced fund market is experiencing explosive growth, with the number of public quantitative funds reaching 610 and a total scale nearing 300 billion yuan by the end of 2024 [6]. - The average annual excess return of index-enhanced funds compared to the CSI 300 index is 4.3% from 2020 to 2024, with 40% of these funds consistently outperforming the index over five years [6][7]. Group 3: Investor Behavior - Individual investors constitute the majority of the index-enhanced fund market, accounting for 73.22% of the total, indicating a strong preference for these products [7]. - Ant Group has introduced a "Year-on-Year Growth" section on the platform to help users select index-enhanced funds that consistently outperform their benchmarks [7][10]. - The platform aims to provide a comprehensive service that combines product offerings, educational resources, and ongoing support to enhance investor experience and long-term returns [10].

Core Insights - The CEF/ETF Income Laboratory focuses on managing closed-end fund (CEF) and exchange-traded fund (ETF) portfolios that target safe and reliable yields of approximately 8% [2][3] - The service is designed for both active and passive investors, providing features such as managed income portfolios, monthly payers for faster compounding, 24/7 chat, and trade alerts [2][3] Company Overview - The CEF/ETF Income Laboratory is led by a scientific researcher with a decade of experience in analyzing and generating profitable investments through CEFs and ETFs [3] - The majority of the holdings in the CEF/ETF Income Laboratory are structured to provide steady income streams, appealing to a wide range of investors [2]

在债市牛熊交替的浪潮中，方正富邦基金固收团队如同一艘稳健的巨轮，以"长期主义"为锚，以"精细 化管理"为舵，在低利率时代的惊涛骇浪中开辟出一条航道。面对近年来的市场巨震——2022年年底理 财赎回引发债市深度回调、2024年债牛狂欢后的剧烈调整，到全球经济周期波动加剧的复杂环境，方正 富邦基金固收团队始终以"每一个BP的极致挖掘"为信条，凭借多元视角的资产配置能力，成为投资者 资产配置中不可或缺的"压舱石"，公司业绩、规模近年来节节攀高，海通证券数据显示，截至3月31 日，方正富邦基金近三年固收类基金收益率11.27%,排名第18/150。 如同摩天大楼的建造需要严谨的结构力学，债券投资更需要科学的产品体系支撑。方正富邦固收团队深 谙此道，方正富邦基金精研工具化产品，恪守稳健之道，布局利率债、信用债、同业存单及固收＋四大 领域，打造出兼具广度与深度的产品生态，未来还会向短债等更广泛的产品领域进军。 利率债基金：锋利的矛 利率债方面，方正富邦旗下"鸿远债基"专注利率债投资，主要以构建多维度评价的利率周期交易策略， 从经济增长维度、通胀维度、政策维度、汇率四大方向，按照不同市场环境赋予不同权重，判断利率中 长期走 ...

Investment Rating - The report indicates a volatile environment for equity funds with significant inflows and outflows, particularly highlighting a negative trend in bond funds [1][2]. Core Insights - Equity funds experienced inflows of US$7.9 billion, while bond funds faced redemptions totaling US$20.1 billion during the week ending April 16, 2025 [1]. - Emerging Market (EM) funds saw outflows of US$3.2 billion, primarily driven by US$3.7 billion in redemptions from China funds [2]. - Developed Markets (DM) funds, particularly in Western Europe, showed resilience with inflows of US$6.0 billion, while North America faced outflows of US$6.3 billion [3][4]. Summary by Sections Fund Flows Overview - Global funds recorded inflows of US$8.7 billion, with gold funds also seeing a notable increase of US$7.6 billion [1]. - The report highlights a significant divergence in performance across regions, with MSCI Europe gaining up to 11% compared to a 3% loss in MSCI US [1][3]. Emerging Markets - EM funds resumed net outflows, with specific regions like Korea and Taiwan experiencing foreign outflows of US$0.9 billion and US$0.5 billion, respectively [2]. - Japan recorded a second consecutive week of foreign inflows amounting to US$1.1 billion, indicating a potential shift in investor sentiment [2]. Geographic Focus - The report provides detailed insights into fund flows by geographic focus, showing that North America and EM Asia faced significant outflows, while Western Europe and Japan attracted inflows [3][4]. - The cumulative flows to equity funds versus bond funds indicate a preference for equities in the current market environment [29][40]. ESG Funds - The report also touches on flows to ESG funds, indicating trends in both developed and emerging markets, with specific figures illustrating the performance of these funds relative to traditional funds [121][127]. Alternative Funds - Alternative funds, including gold and cryptocurrency funds, are highlighted for their performance, with gold funds showing a positive trend in inflows [144][149]. Local Intelligence - The report includes local intelligence on foreign investor flows in various Asian markets, indicating a mixed sentiment across the region [157][161].

作 者丨易妍君 编 辑丨张星 图 源丨2 1世纪经济报道 美国滥施关税、美元走弱背景下，COMEX黄金的价格屡创新高。 继4月1 7日触及3 3 7 1 . 9美元/盎司后，4月2 1日，COMEX黄金的价格进一步上攻，截至记者发 稿前，报3 4 11美元/盎司，刷新历史高点。 伴随国际金价走高，资金不断涌入黄金主题ETF。据Wi n d统计，2 0 2 5年1月1日—4月1 8日， 1 4只黄金主题ETF（商品型）合计"吸金"规模超过5 1 0亿元。 黄金主题ETF的规模也创下历史新高。截至4月1 8日，1 4只黄金主题ETF（商品型）的资产规 模合计达到1 4 5 1 . 0 5亿元，较2 0 2 4年末的7 0 4 . 4 2亿元增长了一倍有余。 此外，在二级市场上，黄金股ETF、黄金主题基金（LOF）亦受到资金热捧。4月2 1日，国泰 黄金股票ETF、华夏黄金股ETF涨停，平安黄金股票ETF基金涨逾9%。 需要注意的是，黄金投资热也暗藏一定的风险。 4月2 1日，易方达基金公告称，近期，易方达黄金主题基金（LOF）二级市场交易价格明显高 于 基 金 份 额 净 值 ， 特 此 提 示 投 资 者 关 ...

公告送出日期：2025年4月22日 1.公告基本信息 注：1、自2025年5月6日起，汇丰晋信货币市场基金将恢复办理申购、转换转入和定期定额投资业务， 届时将不再另行公告。 2、本基金恢复办理申购、转换转入和定期定额投资业务后，将继续遵循本基金管理人于2024年3月6日 发布的《关于汇丰晋信货币市场基金A级份额暂停大额申购、转换转入及定期定额投资业务的公告》， 单日单个基金账户累计申购（含普通定期定额投资及转换转入）本基金A级基金份额的金额应小于100 万元。 3、本基金于2025年4月29日和4月30日，暂停销售渠道（C类份额除汇丰保险经纪汇钱宝外、D类份额除 京东肯特瑞外）的申购、转换转入、定期定额投资业务。 ■ 2.其他需要提示的事项 1、投资者于2025年4月29日赎回或转换转出的汇丰晋信货币市场基金的份额将于2025年4月30日起不享 受本基金的分配利益；投资者于2025年4月30日赎回或转换转出的本基金的份额将于2025年5月6日起不 享受本基金的分配权益。 2、请投资人及早做好交易安排，避免因交易跨越"劳动节"假期带来不便及资金在途导致的损失。如有 其它疑问,请拨打本公司客户服务电话(021-2 ...

破茧·重构·共生 新财富诚邀您与 3 0 0位 领军者共探破局之道，共享转型红利！ 4月2 2日下午，第七届新财富最佳投资顾问颁奖典礼暨财富管理发展论坛将在上海浦东新区 香格里拉酒店隆重举行，期待您的参加！ 颁奖盛典倒计时1天，在此为您提前揭晓活动精彩看点！ 看点 0 1 荣耀时刻·最佳投顾颁奖 论坛议程抢先看！ 发言嘉宾 - 中国银河证券 刘 冰 执委会委员 业务总监 董事会秘书 财富管理大时代下的投顾转型之路 申万宏源证券 执委会成员 | 王苏龙 守正创新 行稳致远 夏浩洋 | 广发基金 指数投资部 基金经理 赋能投顾:指数一站式解决方案 朝阳永续 联合创始人副总经理 李 智 Al+投顾:智变服务新纪元 圆桌环节 破茧重构 畅谈财富管理发展新篇章 新财富最佳投资顾问评选自2 0 1 8年首次举办以来一直是国内最大的投顾竞技平台，本着依法 合规、诚实守信、公平公正、客观独立、专业严谨的原则展开。 本次第七届新财富最佳投资顾问评选共有来自9 6家证券公司的3 6 6 1 6名投顾参评，覆盖全国 3 1个地区，3 2 5个城市。本次评选影响广泛，参评投顾人数超1 0 0 0人的证券公司共计1 0家， 报名率达8 ...

截至2025年4月18日，公司债ETF最新报价105.5元。拉长时间看，截至2025年4月18日，公司债ETF近半年累计上涨1.09%。 流动性方面，公司债ETF盘中换手4.07%，成交5.39亿元。拉长时间看，截至4月18日，公司债ETF近1月日均成交15.89亿元。 规模方面，公司债ETF最新规模达132.60亿元。 资金流入方面，公司债ETF最新资金流入流出持平。拉长时间看，近5个交易日内有3日资金净流入，合计"吸金"1.28亿元，日均净流入达2555.72万元。 截至2025年4月18日 15:00，中证5-10年期国债活跃券指数(净价)(H21018)上涨0.01%。国债ETF5至10年(511020)多空胶着，最新报价117.24元。拉长时间看， 截至2025年4月18日，国债ETF5至10年近1月累计上涨1.16%。 流动性方面，国债ETF5至10年盘中换手9.6%，成交1.38亿元。拉长时间看，截至4月18日，国债ETF5至10年近1年日均成交3.07亿元。 上周，债市整体略有上行，超长利率债上行，超长信用利差走阔。 截至2025年4月18日 15:00，国开债券ETF(159651)上涨0. ...

Group 1 - The resignation of Cheng Fei, Vice President of Guosen Securities, has been announced alongside the company's 2024 annual report, with Fang Qiang appointed as the director of the asset management subsidiary [1] - Guosen Securities' asset management business revenue saw a significant year-on-year increase of 60.55%, making it one of the fastest-growing segments alongside investment and trading [1] - Cheng Fei is set to join Dongfang Hong Asset Management, a leading institution in the brokerage asset management industry, following the departure of its former general manager [1] Group 2 - The ETF market has surpassed 4 trillion yuan in size, with net inflows exceeding 300 billion yuan within the month, indicating strong investor interest in index-based investments [2][3] - Major broad-based ETFs such as the CSI 300 ETF and the CSI 500 ETF have attracted significant capital, reflecting increased confidence in large-cap blue-chip and growth stocks [2][3] - Commodity ETFs and industry-themed ETFs have also shown strong inflows, highlighting market focus on specific assets and sectors [2][3] Group 3 - Public fund issuance has accelerated, surpassing 30 billion yuan in April, with over 70% being equity products, indicating a growing preference for equity assets [4] - Newly issued index funds dominate the market, accounting for nearly 90% of the number and scale of new equity products, suggesting a shift towards passive investment strategies [4] - The increase in equity fund issuance reflects a recovery in market risk appetite, which may positively impact overall market sentiment [4] Group 4 - Over 70 billion yuan in net inflows were recorded for broad-based ETFs, with the total market size exceeding 4 trillion yuan, indicating strong demand for large-cap stocks [5] - The CSI 300 ETF's total size has returned to over 1 trillion yuan, showcasing investor preference for core assets [5] - The market is expected to focus more on company performance and growth potential as fundamental factors become the primary pricing determinants [5]

Core Viewpoint - The recent trend of prominent fund managers resigning from their positions is increasing, with notable figures like Jiang Hua'an and Bao Wuke stepping down, prompting fund companies to adopt strategies to mitigate the impact of these departures on their products and channels [1][8]. Group 1: Fund Manager Departures - Jiang Hua'an, a leading figure in the FOF team at ICBC Credit Suisse Fund, resigned from managing nine FOF products due to personal reasons, having managed assets totaling 2.139 billion yuan with a best tenure return of 41.08% [2][1]. - Bao Wuke, a well-known fund manager at Invesco Great Wall Fund, has also indicated plans to leave, as evidenced by the recent appointment of four additional managers to co-manage his funds [5][1]. - As of April 17, 2023, a total of 109 fund managers have left their positions this year, significantly higher than the same period last year [8]. Group 2: Fund Management Trends - The trend of increasing fund manager changes reflects a broader shift in the industry towards team-based operations, moving away from reliance on individual star managers [8]. - The rapid development of the fund industry has led to an expansion of the fund manager workforce, while the number of departures remains high, indicating a dynamic market environment [8]. - Market analysts suggest that the departures of star fund managers are influenced by market cycles, with some choosing to join larger firms or pursue private opportunities for better career prospects [8].