市场概况 6月18日两市ETF两融余额为1020.4亿元，较前一交易日减少7.02亿元。其中融资余额为965.74亿元，较 前一交易日减少6.86亿元；融券余额为54.66亿元，较前一交易日减少1541.55万元。 分市场来看，沪市ETF两融余额为686.73亿元，较前一交易日减少5.56亿元。其中融资余额为639.57亿 元，较前一交易日减少5.2亿元；融券余额为47.16亿元，较前一交易日减少3646.67万元。深市ETF两融 余额为333.67亿元，较前一交易日减少1.46亿元。其中融资余额为326.17亿元，较前一交易日减少1.67亿 元；融券余额为7.51亿元，较前一交易日增加2105.11万元。 ETF融资融券余额 6月18日ETF两融余额前三位分别为：华安易富黄金ETF(85.78亿元)、易方达黄金ETF(68.26亿元)和华夏 恒生(QDII-ETF)(48.77亿元)，前10具体见下表： | 代码 | 基金名称 | 融资融券余额 | | --- | --- | --- | | 518880.SH | 华安易富黄金ETF | 85.78亿元 | | 159934.SZ | 易方达黄金ETF | ...

MIAMI BEACH, FLA., June 18, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund’s Stockholders have approved the Fund’s conversion from its current investment strategy to focus on a “CLO Equity Strategy”. The approval was voted for at a Special Meeting of Stockholders held on June 17, 2025, with approximately 96% of the votes cast in favor of the changes. With this change, the Fund’s primary investment objective will change to a total re ...

Core Insights - The Huatai-PineBridge CSI 300 ETF (510300) has set a record for the largest single dividend distribution in China's ETF market, amounting to 8.4 billion yuan [1][2] - The trend of increasing dividend capabilities in ETF products is becoming a significant focus for investors, alongside bond funds, as they represent the two main forces in market dividends [1][4] - The shift in the dividend mechanism from "whether to distribute" to "how to distribute" reflects a changing competitive landscape in the fund industry [1][7] ETF Performance - The Huatai-PineBridge CSI 300 ETF has a management scale of 380.283 billion yuan, making it the leading equity ETF in the market [2] - Since its inception, the ETF has achieved a cumulative total return of 78.58% over 13 years, with an annualized return of 4.51%, showcasing its long-term stable return capability [2] - Other ETFs have also shown strong dividend performance, with several distributing over 1 billion yuan in 2023, indicating the active and stable dividend mechanisms of broad-based ETFs [4] Market Trends - The bond funds continue to dominate the dividend landscape, contributing over 80% of total distributions, primarily through medium- to long-term pure bond products [4][7] - The evolving fund dividend ecosystem reflects changes in capital structure, with long-term funds like pensions and insurance increasingly favoring stable cash flows [7] - Future competition in the market will focus on sustainable and reasonable dividend distributions, emphasizing the importance of long-term value and governance capabilities of products [7]

年以来次高、最高。 资金市场：资金交易升温、杠杆率续升。 过去一周资金市场整体升温。主要融入方净融入金额上升，主要 融出方净融入金额上升。银行间总融入融出回购余额上升，银行间债市杠杆率上升。分机构看，商业银行/ 政策性银行杠杆率下降，证券公司、非法人产品、保险公司杠杆率上升。隔夜回购占比上升。 一级市场："博边际"情绪明显。 过去一周有1只10Y国债、2只10Y国开债和1只10Y农发债发行。国债一级 市场全场倍数上升，政金债全场倍数均下降。国债国开债一二级价差收窄，农发债一二级价差略走阔。一 致性预期层面，国债国开债边际倍数均明显上升。 报告导读： 上周基金集中发力7-10Y长债和10Y以上超长债，单周净买入力度分别创今 报告来源 以上内容节选自国泰海通证券已发布的证券研究报告。 报告名称： 交易盘做多情绪已浓 报告日期：2025.06.18 报告作者： 唐元懋 （分析师），登记编号： S0880524040002 藏多 （分析师），登记编号： S0880525040116 二级市场：二级市场热度整体向好，超长债热度抬升。 30年国债换手率上升，中长期纯债型基金久期平均 数上升。债券借贷总借入量下降，活跃券占 ...

【大河财立方 记者 孙凯杰】今年，你买的基金分红了吗？ 近期，公募基金密集宣布分红。Wind数据显示，截至6月18日，年内全市场已有超2000只基金宣布分红，分红次数近3000次。按照权益登记日计算，总金 额达到1095亿元，相比于2024年同期的756亿元，增长了45%。 指数型、债券型基金参与分红较多 6月11日，全市场规模最大的基金——华泰柏瑞沪深300ETF宣布了分红方案，每10份基金份额分红0.880元，将于6月27日派发红利。以该基金份额总数估 算，本次分红总额将超过80亿元，刷新了公募基金单次分红的最高纪录。 大河财立方记者观察到，目前，多数基金提供两种分红方式，现金分红和红利再投资，分红方式可由投资者自行选择。现金分红方式，投资者将直接获得 现金；红利再投资方式，投资者所获分配的现金收益将按照基金合同自动转换为基金份额形式进行再投资。 专家：基金增加分红，对基金经理和投资者都有好处 2024年，公募基金规模持续增长，在2025年4月底突破了33万亿元大关，ETF基金规模也首次突破了4万亿元。 | 基金名称 | | 华泰柏瑞沪深 300 交易型开放式 | | --- | --- | --- | ...

具体来看，易方达基金、华夏基金、南方基金、嘉实基金、富国基金、招商基金六家机构旗下科创债 ETF跟踪的是中证AAA科创债指数；广发基金、鹏华基金、博时基金三家机构旗下科创债ETF跟踪的是 上证AAA科创债指数的ETF；景顺长城基金独攻深证AAA科创债指数。其中，中证AAA科创债指数是 一只跨市场债券指数，指数样本选择范围覆盖沪深两市，其余两只是单市场债券指数。 | 序号 | 基金管理人 | 7 基金名称 | | --- | --- | --- | | 1 | 招商基金管理有限公司 | 招商中证AAA科技创新公司债交易型开放式指数证券投资基金 | | 2 | 富国基金管理有限公司 | 富国中证AA科技创新公司债交易型开放式指数证券投资基金 | | 3 | 鹏华基金管理有限公司 | 鹏华上证AAA科技创新公司债交易型开放式指数证券投资基金 | | 4 | 博时其金管理有限公司 | 博时上证AAA科技创新公司债交易型开放式指数证券投资基金 | | 5 | 酱顺长城景等量用有限公司 | 景顺长城深证AA科技创新公司债交易型开放式指数证券投资基金 | | 6 | 嘉实基金管理有限公司 | 嘉实中证AAA科技创新公司债交 ...

Core Viewpoint - Evolutionary Asset Management, established in June 2014, is one of the early private fund managers in China to combine active management and quantitative investment, achieving significant performance in a differentiated market environment [2][5]. Group 1: Company Overview - Evolutionary Asset Management has a mature management system and an experienced research team, with investment management experience across various cycles, markets, and strategies [2][8]. - The company has received both "subjective + quantitative" dual Golden Bull Awards, highlighting its recognition in the industry [2][8]. Group 2: Performance Highlights - The company's quantitative strategies have shown outstanding excess performance this year, with an average return of ***% over the past six months, ranking first among private quantitative funds [2]. - The "Evolutionary Multi-Prism Hedging No. 1 B-Class Share" managed by founder Wang Yiping ranks first in the top 10 "stock market neutral" products among private funds, with a recent scale of approximately *** million and returns close to ***% over the past six months [2]. Group 3: Future Strategy - The company plans to continue its commitment to "logical quantification" and will enrich its product line to create long-term returns for investors [2].

Group 1 - The core viewpoint is that the digital transformation of financial institutions is entering a critical phase, with a consensus on adopting distributed databases for core systems [1] - OceanBase has achieved the "Hundred Banks Plan," providing database services for over 100 banks, covering more than 190 core systems and over 1,000 key business systems [1] - The upgrade of core systems in financial institutions requires a tripartite synergy of policy guidance, technology drive, and market demand, emphasizing higher requirements for data security, stability, and scalability [1] Group 2 - The essence of digital transformation in financial institutions is to leverage data to reshape traditional business and organizational models, thereby building new competitive advantages [2] - OceanBase has developed best practices for distributed architecture to address challenges faced by clients, such as business scale growth and increasing IT architecture complexity [2] - OceanBase has implemented integrated product practices that solve 80% of user data issues through a unified database approach, including single-machine distributed integration and SQL+AI integration [2]

Core Viewpoint - The article discusses the launch of the "Xingye Xinghe Sheng" fund by Xingye Fund, which is a medium to long-term pure bond fund managed by Liu Yuhan, aiming for stable returns while controlling risks [1][3]. Fund Details - The fund is open for subscription from June 18, 2025, to July 2, 2025, with a minimum fundraising target of 200 million shares [3]. - The investment objective is to achieve returns that exceed the performance benchmark while ensuring safety, liquidity, and risk control [3]. - The performance benchmark is set as 90% of the China Bond Composite Price Index yield plus 10% of the after-tax one-year fixed deposit rate [3]. - The fund will invest at least 80% of its assets in bond assets and maintain a minimum of 5% of its net asset value in cash or government bonds maturing within one year [3]. Management and Performance - Liu Yuhan, the proposed fund manager, has 11 years of experience in the securities industry and has been with Xingye Fund since November 2015 [4][5]. - Currently, Liu Yuhan manages 9 funds with a total scale exceeding 50 billion yuan, primarily in bond products [2][5]. - Liu Yuhan's fund "Xingye Wenli 30 Days Holding" has achieved a yield of 3.99% since its inception in May 2024, outperforming its benchmark by over 1 percentage point [6]. - The "Xingye Wensui 90 Days Holding A" fund has a year-to-date yield of 1.08%, also surpassing its benchmark by over 1 percentage point, ranking 620 out of 3339 in its category [6].

Core Viewpoint - The announcement from Xingzheng Global Fund indicates the distribution of cash dividends for its Xingzheng Global Dividend Mixed Securities Investment Fund, marking its second dividend payout since inception [1][2]. Fund Performance and Strategy - The fund was established on June 18, 2024, and the total dividend amount for this payout is 929 million yuan, with A-class shares receiving 0.03029 yuan per share and C-class shares receiving 0.02753 yuan per share [1][2]. - As of May 30, 2025, the A-class shares have achieved a cumulative net value growth rate of 10.41%, outperforming the benchmark by 7.93 percentage points [2]. - The fund's maximum drawdown since inception is -5.77%, which is better than the benchmark's -11.77% [2]. - Fund manager Zhang Xiaofeng employs a "core + satellite" strategy, focusing on mainstream dividend indices while actively selecting stocks, and also investing in small and mid-cap stocks for excess return opportunities [2]. Research and Development Focus - Xingzheng Global Fund emphasizes enhancing its research capabilities, with over 41% of its team dedicated to investment research, covering key sectors such as TMT, cyclical, consumer, and manufacturing [3]. - The fund's stock investment management capability ranks 6th out of 64 in the industry over the past decade, with a return rate of 83.25% [3]. - Zhang Xiaofeng highlights the importance of internal research support in identifying value traps in dividend investing, which relies heavily on individual stock and industry research [3].