0.99元起购36元支付立减金( 工作 养老投资的好搭 伴随着个人养老金的全面放开,如何更好地为未 来退休后的悠长假期做好"钱袋子"的准备,成 了大家越来越关心的问题。 那么,关乎人生大计的养老投资,有没有这样一 个"好搭子"，既能让我们的投资过程更简单, 又能收获不错的结果呢? 分享干货之前,先送上我们的养老专属福利! 心意五重礼，助力更好的养老生活! THE ZE 约定缴存礼新上线 领20元权益 开 45 点击下方按钮立即开户,并有机会享以下权益。 立即开户 >> 缴存有礼 最高享88元奖励 Ø。 进阶有礼 最高享568元奖励 ● 推荐有礼 每月最高可享2000元奖励 。 ( 客群专属礼 缴存达标还可享20元奖励 > 约定缴存礼 缴存达标可领2000个cc豆� 划个重点|基金定投的优势 操作省心 平摊成本 系统自动执行 有助于淡化 定投计划 择时风险 分批投入 长期投资 不需要一次性 保持投资纪律 享受复利效应 投入本金 注:活动规则详见内页。 省心的方法也能带来好收获 首先，我们介绍一下什么是基金定投 定投,简单来说就是定期定额买入固定的基金。 想必大家都听过华尔街流传的一句话:"要在市 场中准确地踩点 ...

智通财经APP获悉，东吴证券发布研报称，2025年3月，基金指数净值整体小幅下跌，各类型基金收益 高于股票指数型，其中普通股票型、偏股混合型基金小幅上涨。中央汇金明确发挥类"平准基金"作用， 叠加险资权益投资比例上调，将为资本市场提供增量资金并增强市场信心。公募3月新发基金规模显著 下降，ETF规模及保有量同环比均上升;私募基金2月存续规模小幅上升，新备案数量持续下降。 东吴证券主要观点如下： 2025年3月，股票型ETF基金资金净流出83亿元，现存总规模24,096亿元 股票型ETF主要按照宽基ETF、行业与主题ETF、风格ETF分类分析。宽基ETF方面，净流出279亿元， 规模维持在17,937亿元;行业与主题ETF方面，净流入163亿元，规模维持在5,793亿元;风格ETF方面，净 流入32亿元，规模维持364亿元。 金融板块ETF呈现资金流入态势 截至3月31日收盘，银行ETF总市值达175亿元，净流出7亿元;证券ETF总市值达579亿元，净流入9亿 元。2025年3月，基金日均成交额较2月下降192亿元。本月全部基金日均成交额2,535亿元，较去年同期 上升102.2%，环比下降7.1%。本月ETF ...

Core Viewpoint - The bond ETF market is experiencing significant trading activity and inflows, indicating strong investor interest and potential growth in this sector [1][2][6]. Trading Activity - The company bond ETF (511030) increased by 0.02% to a price of 105.64 yuan, while the national development bond ETF (159651) showed mixed trading with a price of 105.77 yuan [1]. - The national treasury ETF for 5 to 10 years (511020) rose by 0.04%, reaching 117.16 yuan [1]. - The company bond ETF had a turnover rate of 15.82% with a transaction volume of 2.04 billion yuan, indicating active market participation [1]. - Over the past week, the average daily transaction volume for the company bond ETF was 2.527 billion yuan [1]. Fund Flows - The company bond ETF saw a net inflow of 1.166 billion yuan over four days, with a peak single-day inflow of 527 million yuan [2]. - The national development bond ETF attracted a total of 69.658 million yuan in net inflows over the same period [2]. - The national treasury ETF for 5 to 10 years recorded a net inflow of 31.368 million yuan over nine trading days [2]. Fund Size and Shares - The latest size of the company bond ETF reached 12.894 billion yuan, marking a one-year high [1]. - The national development bond ETF experienced a significant increase in size, growing by 49.713 million yuan over the past week [1]. - The national development bond ETF also saw an increase of 2.142 million shares in the past month, ranking it among the top in its category [1]. Market Conditions - The bond market has largely priced in high tariffs, with future trends remaining uncertain [6]. - The yield on government bonds has rebounded significantly, reflecting a shift away from pricing in financial crisis risks [6]. - The RMB has depreciated against a basket of currencies, with the USD/RMB exchange rate reaching 7.4, which may limit monetary easing [6].

Core Viewpoint - The resignation of Ma Long as the fund manager of the "招商安心收益债券" is part of a strategic adjustment by 招商基金 to optimize resources and product management, while he continues to serve as the Chief Fixed Income Investment Officer [2][3]. Group 1: Resignation Details - Ma Long announced his resignation from the "招商安心收益债券" fund manager position, with no products currently under his management [2]. - His resignation is attributed to "another assignment," and he has been managing the "招商安心收益债券" for over 11 years, achieving a cumulative return of 90.83% and an annualized return of approximately 6.1%, outperforming the 中债综合全价指数 by over 50 percentage points [2][3]. Group 2: Successor Information - Wang Zilin, who has been with 招商基金 since July 2018, will take over as the fund manager of "招商安心收益债券" [4]. - Wang Zilin has managed a total of 7 products with an asset size of 402.52 billion, employing strategies focused on active coupon collection, neutral duration, and credit spread analysis [4][5]. Group 3: Investment Strategy and Performance - Wang Zilin's investment style emphasizes stability, credit bond exploration, and liquidity management, with a strong ability to respond to high volatility markets [4]. - His representative product, "招商招祥纯债A类份额," achieved annual performances of 5.43% and 5.33% for 2023 and 2024, respectively, outperforming benchmark returns [5]. Group 4: Company Strategy and Team Structure - 招商基金 has emphasized the importance of minimizing the impact of fund manager changes through a well-structured "大固收" management model, which promotes teamwork and unified investment strategies [6]. - The fixed income investment team consists of nearly 40 professionals, including 22 fund managers with an average experience of over 11 years, ensuring a robust research and investment framework [7].

Group 1 - The total profit of FOF funds exceeded 5.11 billion yuan in the previous year, with mixed FOFs showing the best overall profit of 2.56 billion yuan [2][5] - The top ten fund managers' FOF funds all reported positive total profits, with Xingzheng Global Fund leading at 1.00 billion yuan [2][3] - The management fees for the top ten fund managers' FOF funds decreased to 428 million yuan, down from 598 million yuan in the same period last year [2][5] Group 2 - The structure of FOF fund holders has changed, with individual investors holding 117.43 billion units, a decrease of 26.87 billion units from last year [5] - Despite the decline in individual holdings, the number of FOF funds launched in 2024 has increased to 17, compared to 10 in the same period last year [5] - The average weekly return of mixed FOFs was limited to a decline of only 0.06% amidst a broader market adjustment [6] Group 3 - The A-share market continued its adjustment trend, with the average daily trading volume dropping to 1.1368 trillion yuan [6] - The performance of various sectors showed mixed results, with the electricity and public utilities, banking, and transportation sectors performing well, while the non-ferrous metals sector declined by 2.97% [7] - The top-performing FOF product last week was Qianhai Kaiyuan Yuze, with a weekly return of 0.91% [6][9]

Group 1 - The core point of the news is that E Fund Management Co., Ltd. has observed a significant premium in the secondary market trading price of its QDII fund, E Fund Oil Securities Investment Fund, compared to its net asset value, prompting a warning to investors about potential risks associated with high premium purchases [1][2] - As of April 1, 2025, the fund's net asset value was 1.2690 CNY, while the closing price on April 3, 2025, was 1.492 CNY, indicating a notable premium [1] - The fund management has the option to apply for temporary trading suspension on the Shenzhen Stock Exchange if the premium does not decrease effectively, to alert the market about the risks [1] Group 2 - The fund is an open-ended fund that allows investors to subscribe and redeem shares, with prices based on the net asset value calculated after the market closes on the application day [2] - The fund management has suspended subscription and regular investment services since March 25, 2020, and will announce the resumption date later [2] - The fund is currently operating normally, and the management will continue to adhere to legal regulations and fund contracts [2] Group 3 - E Fund Management Co., Ltd. has announced the suspension of subscription, conversion, and regular investment services for institutional clients of the E Fund Strategy Growth Securities Investment Fund starting April 7, 2025, with the resumption date to be announced later [5][6] - The company has updated the fund custodian name from Guotai Junan Securities Co., Ltd. to Guotai Haitong Securities Co., Ltd., following a name change and other corporate updates [7][8] - The updates to the fund contracts and custodial agreements will not adversely affect the rights of fund shareholders and comply with relevant legal regulations [8][10]

Core Viewpoint - The AI Fund Ping An Craftsmanship Preferred Mixed A (008949) reported a profit of 37.3041 million yuan for 2024, with a weighted average profit per fund share of 0.0574 yuan, and a net asset value growth rate of 7.15% during the reporting period [3]. Fund Performance - As of April 3, the fund's unit net value was 1.127 yuan, with a recent three-month return of 20.58%, ranking 6 out of 256 comparable funds [6]. - The fund's six-month return was 18.06%, also ranking 6 out of 256, while the one-year return was 32.72%, ranking 5 out of 256 [6]. - Over the past three years, the fund's return was 3.06%, ranking 25 out of 236 comparable funds [6]. Risk and Volatility - The fund's Sharpe ratio over the past three years was 0.3171, ranking 44 out of 238 comparable funds [10]. - The maximum drawdown over the past three years was 37.73%, with the highest quarterly drawdown occurring in Q1 2021 at 27.1% [12]. Investment Strategy - The fund maintained an average stock position of 91% over the past three years, compared to a peer average of 85.68% [15]. - The fund reached its highest stock position of 92.55% at the end of Q1 2023 and its lowest at 82.94% at the end of 2021 [15]. Fund Size and Shareholder Composition - As of the end of 2024, the fund's size was 523 million yuan [16]. - The fund had 7,870 holders, with a total of 538 million shares held. Management employees held 1.6114 million shares (0.30%), institutions held 27.11%, and individual investors held 72.89% [19]. Trading Activity - The fund's turnover rate over the past year was approximately 298.1%, remaining below the peer average for two consecutive years [22]. Top Holdings - As of the end of 2024, the fund's top ten holdings included Luxshare Precision, Anji Technology, Haida Group, Xingyu Co., SMIC, Aolide, Dize Pharmaceutical, Liugong, Lianqi Technology, and Qiyi [25].

很多行业都有顾问，特别是一些专业性很强的行业。 例如， • 看病吃药，需要医生，医生就是顾问； 文 | 银行螺丝钉 （转载请注明出处） 基金投顾，顾名思义，就是基金的投资顾问。 • 有法律问题，需要律师，律师也是顾问。 基金投资也是如此。 基金投顾的诞生，正是为了解决基金行业存在的"基金赚钱，基民不赚钱"的问题。 那么，基金投顾有哪些优势？ 是如何通过"投"和"顾"，帮助投资者获得好收益的呢？ 这里有一门免费课程，详细介绍了基金投顾的相关知识。 长按识别下方二维码，添加@课程小助手，回复「 基金投顾 」即可领取～ ( ) 银行螺丝钉 假村 元音 原价29.9元 5 - 1 - 快速了解基金投顾 课程介绍 ·基金投顾是什么 ·基金投顾有哪些优势 · 如何通过「投」和「顾」帮你 获得好收益 同复「基金投顾」免费领取 #螺丝钉小知识 而自由现金流策略,是除了这6大主流策 略之外,起源于巴菲特等投资大师的一种 投资策略。 那ノ 险旦白山和令达呢? 那么，陌走目四犹亚洲恍： 最常见的估值指标是市盈率，里面用的是 企业的盈利数据。 不过，企业的盈利，不一定代表企业的自 由现金流。 例如有的企业赚到了盈利，但下一年还得 投 ...

Group 1: Fund Capital Increases - Morgan Stanley Fund Management (China) Co., Ltd. increased its registered capital from 600 million to 950 million yuan, a growth of approximately 58% [1] - More than 20 fund companies have increased their registered capital since the beginning of 2023, with several announcements made in March alone [1] Group 2: Fund Liquidation Alerts - In March, 40 public funds issued liquidation risk warnings, with 16 products officially entering the liquidation process [2] - A notable trend is the emergence of "short-lived funds," with several products established for less than a year quickly reaching liquidation thresholds [3] Group 3: REITs Performance - The first "commercial reform insurance" REIT, managed by Huatai-PineBridge, saw a 29.99% increase on its listing day, with a trading volume of 24.03 million yuan [4] - Other REITs have also performed well, with several achieving 30% gains on their first trading days [4] Group 4: Fund Management Fees - In 2024, public fund management fees and custody fees decreased by 8% and 3.79% respectively, despite a total fund scale growth of over 10% [5] - Customer maintenance fees paid to sales channels also saw a decline of 8.38% [5] Group 5: Fund Profitability - Public funds achieved a total profit of approximately 1.28 trillion yuan in 2024, with equity funds leading at around 444.5 billion yuan [9] - Bond funds experienced a significant profit increase of over 70% compared to 2023, reaching approximately 410.2 billion yuan [9] Group 6: Market Trends - The stock market showed mixed performance on April 1, with the Shanghai Composite Index rising by 0.38% while the Shenzhen Component and ChiNext Index experienced slight declines [10] - Innovative drug-related ETFs performed strongly, with some rising by as much as 7.27%, indicating a positive outlook for the sector [10]

Core Viewpoint - The article discusses the potential conflicts of interest and resource allocation issues arising from the increasing focus on separate account management by fund companies, particularly in light of recent regulatory changes that allow fund managers to engage in both public and private investment activities [2][4]. Group 1: Separate Account Management - The core appeal of separate account management lies in its "tailored" flexibility, which has also become a breeding ground for potential conflicts of interest [2]. - A recent investigation has revealed that a fund manager in Shanghai is under scrutiny for allegedly using a separate account product for profit transfer, involving funds from insurance company executives [2][3]. Group 2: Client Relationships and Resource Allocation - Insurance companies are key clients for separate account management, leading some fund companies to offer "special treatment" to insurance executives, such as allowing personal participation in separate account investments [3]. - Fund companies may engage in "targeted concessions" through separate account products to attract large clients like insurance companies, prioritizing high-quality research resources for accounts linked to insurance executives [3][4]. Group 3: Information Asymmetry and Market Manipulation - The transparency of public fund holdings allows for potential manipulation, where funds can pre-position in separate accounts before public funds disclose their holdings, leading to profit-taking once public funds drive up stock prices [3][4]. - Concerns have been raised about the independence of holdings between public funds and separate accounts, as well as the allocation of premium research resources, which may favor separate account business over public fund performance [4][5]. Group 4: Industry Trends and Implications - The trend of allocating star fund managers to separate account business indicates a shift in resource distribution within the industry, potentially diluting the interests of public fund investors [4][5]. - The overall environment of fee and salary reductions in the public fund industry may exacerbate the focus on separate account performance over public fund outcomes [6].