数据也显示，农银养老2045(FOF)Y、民生加银康泰养老2040三年混合（FOF）Y、上银恒泰稳健养老目 标一年持有混合发起式（FOF）Y、建信普泽养老目标日期2050五年持有期混合发起（FOF）Y等15只 个人养老金基金成立以来的收益率跑输同期业绩比较基准。 据国家统计局数据，截至2024年底，我国60岁及以上人口达3.1亿人、占全国人口22%，65岁及以上人 口2.2亿人、占比15.6%，已进入中度老龄化社会。个人养老金制度属于第三支柱，有助于个人实现"主 动享老"。 华源证券分析师廖志明指出，我国养老金理财产品正以低风险、稳健收益为核心优势，在多层次养老体 系中快速崛起，展现出"稳中求进、未来可期"的投资潜力。目前，储蓄、基金、保险、理财这四大类产 品构成了个人养老金产品的完整矩阵，头部机构凭借全品类布局抢占先机。个人养老金基金市场呈 现"头部引领、中腰部追赶、尾部补充"的竞争格局，指数类养老金基金产品快速发展，目前易方达基金 和华夏基金规模占优。"相较发达国家，国内养老金产品权益配置比例较低，收益率潜力有限，但风险 控制更优。"我国产品以稳健策略为主，储蓄和保险满足保守需求，理财和基金提供收益弹性， ...

Group 1 - The core viewpoint of the articles highlights the performance and business profile of Shenzhen Zhongdian Port Technology Co., Ltd., which saw a stock price increase of 5.21% to 24.04 CNY per share, with a total market capitalization of 18.268 billion CNY [1] - The company was established on September 28, 2014, and went public on April 10, 2023, focusing on electronic component distribution, design chain services, supply chain collaboration, and industrial data services [1] - The revenue composition of the company includes processors at 40.78%, memory at 30.53%, others at 16.09%, analog devices at 8.74%, and RF and wireless connections at 3.85% [1] Group 2 - Among the top circulating shareholders of Zhongdian Port, Huaxia Fund's Huaxia CSI 1000 ETF (159845) increased its holdings by 710,300 shares in Q2, now holding a total of 1.6568 million shares, representing 0.38% of the circulating shares [2] - The Huaxia CSI 1000 ETF has a current scale of 38.227 billion CNY and has achieved a year-to-date return of 27.53%, ranking 1977 out of 4220 in its category [2] - The fund manager, Zhao Zongting, has been in position for 8 years and 183 days, with the fund's best return during his tenure being 123.38% [2]

Core Viewpoint - The recent approval of the "E Fund Itaú Bovespa ETF" marks a significant step in the establishment of the China-Brazil ETF connectivity mechanism, allowing Chinese investors to access core Brazilian market assets directly through QDII [1][3] Group 1: Fund Details - E Fund's ETF aims to track the Bovespa Index, which includes major resource companies such as Vale and Petrobras [1] - The ETF will be linked with Itaú Unibanco's ETF products, facilitating direct investment in Brazilian assets for investors [1] Group 2: Market Implications - The approval indicates a growing interest among Chinese fund companies in South American resource cycle assets, following previous expansions into markets like Japan, Hong Kong, and Singapore [1][3] - The Bovespa Index is heavily weighted in mining, energy, and financial sectors, with resource companies accounting for over one-third of its composition, suggesting strong correlation with global commodity prices [3] Group 3: Competitive Landscape - Other fund companies, such as Huaxia Fund, have also attempted to enter the Brazilian ETF market, although their applications may have been withdrawn or delayed [1][3] - The potential for the Brazilian ETF to become a significant tool for Chinese investors in emerging markets is highlighted, especially if regulatory approvals proceed smoothly [3]

Core Viewpoint - The scale of gold-themed ETFs in China has surpassed 200 billion yuan, with three "doubling funds" emerging as gold prices reach new highs [4][5]. Group 1: Gold Price and ETF Growth - As of October 14, international gold prices have reached historical highs, with London spot gold at $4,140 per ounce and COMEX futures at $4,160 per ounce [2]. - The total net inflow into gold-themed ETFs this year has reached 74.577 billion yuan, bringing the total scale to 203.342 billion yuan, a growth of over 180% compared to the end of last year [6]. - Five gold-themed ETFs have entered the "100 billion club," with Huaan Gold ETF leading at 73.816 billion yuan, reflecting a nearly 160% increase year-to-date [7]. Group 2: Performance of Gold ETFs - The average year-to-date net asset value growth rate for gold-themed ETFs is 64.55%, with several funds achieving over 95% performance [7]. - Notable "doubling funds" include those managed by Yongying, Huaxia, and Industrial Bank of China, with performance rates exceeding 100% [7]. Group 3: Market Outlook and Risks - The long-term outlook for gold prices is supported by factors such as the potential for the Federal Reserve to enter a rate-cutting cycle, increasing macroeconomic uncertainties abroad, and a trend towards de-dollarization [4][10]. - Short-term risks include potential pullbacks due to geopolitical developments in the Middle East and profit-taking by speculative investors [10][11].

四是9月制造业PMI边际改善。国家统计局公布，9月制造业PMI为49.8%，预期值49.6%，前值49.4%， 较往年季节性水平仍偏弱；非制造业PMI为50%，预期值50.2%，前值50.3%。（资料来源：南方基金宏 观策略部整理，过往表现不预示未来） 接下来是国外，美国政府继续关门。自10月1日起，由于国会两党在削减政府开支和边境安全等问题上 的尖锐对立，未能通过一项旨在避免停摆的持续决议案，美国联邦政府正式进入全面停摆。 近期美国不断施压，中国对等反制，中美贸易摩擦再度升温。昨日市场全天震荡回升，三大指数低开高 走。截至收盘，沪指跌0.19%，深成指跌0.93%，创业板指跌1.11%。 债市这边，国债期货收盘全线上涨，30年期主力合约涨0.37%，10年期主力合约涨0.10%， 5年期主力合 约涨0.03%。(数据来源：Choice，20251013，指数过往表现不预示未来) 后市怎么看？南南依旧整理了南方基金宏观策略部深度解读观点供大家参考。 01 宏观经济解读 我们先来回顾下国内外宏观基本面。首先是国内维度，一是近期美国不断施压，中方对等反制。自5月 中美日内瓦声明以来，经历多轮贸易谈判，中美贸易摩擦 ...

转眼间2025年步入最后的冲刺收官季。受累假期后海外因素扰动，A股再度震荡回调。波动中如何提升 投资体验感？债基收蛋人如何安稳收蛋？国泰海通证券日前发布的《基金公司权益及固定收益类资产业 绩排行榜》，为投资者全面审视今年前三季度以及近三年、五年等各个时间维度的基金公司业绩表现， 从而优化资产配置篮子提供了些许参考。 在行业深化改革提质增效的高质量发展背景下，中小基金公司积极发挥特色优势走出了差异化路径。从 国泰海通证券榜单细分项看，截至2025年9月30日，汇安基金在纯债类基金绝对收益排行榜上表现靠 前，近三年(2022.10.01-2025.09.30)收益排名跻身行业前20强，具体排名为17/131。若放远至最近五年和 最近七年，汇安基金纯债类基金绝对收益排名均位居行业TOP30，其中近五年(2020.10.01-2025.09.30)收 益排名为29/118，近七年(2018.10.01-2025.09.30)为21/86。 作为"15后"基金公司代表，汇安基金自2016年成立以来铭记客户为本的初心，核心团队以股东、合伙人 身份共同创业，以公司为长期事业平台。这种法人治理结构决定了对风险高度厌恶，使经营 ...

Group 1 - The article emphasizes the importance of investor education and protection against financial fraud in the public fund sector, particularly in the context of illegal securities and futures activities [1] - The article highlights the increasing prevalence of fraudulent schemes in the financial sector, which exploit online platforms to mislead investors and disrupt market order [1] - The article discusses specific cases of individuals falling victim to fraudulent margin trading platforms, illustrating the deceptive practices used by these entities [2][3] Group 2 - The article provides a warning about the risks associated with off-market financing, which is essentially a form of private lending that increases leverage and risk for investors [4][6] - It details how fraudulent platforms operate by creating virtual trading environments that do not connect to legitimate brokerage systems, leading to significant losses for investors [5] - The article outlines legal consequences for individuals and companies engaging in unauthorized securities activities, emphasizing the need for regulatory compliance in the financial industry [7]

10月13日，COMEX黄金价格继续上行突破创新高，已突破4090美元。黄金基金ETF（518800）上涨3.02%，黄金股票ETF（514700）上涨4.15%。 来源：Wind 市场避险情绪增强。此外，美国联邦政府停摆叠加数据空窗期带来宏观不确定性的大幅提升，美国两党政治僵局加剧、财政纪律弱化在逐步侵蚀美元 作为全球储备货币的基础。这一风险因素有望继续驱动金价上行。 无论是股票ETF/LOF基金，都是属于较高预期风险和预期收益的证券投资基金品种，其预期收益及预期风险水平高于混合型基金、债券型基金和货币 市场基金。 基金资产投资于科创板和创业板股票，会面临因投资标的、市场制度以及交易规则等差异带来的特有风险，提请投资者注意。 板块/基金短期涨跌幅列示仅作为文章分析观点之辅助材料，仅供参考，不构成对基金业绩的保证。 文中提及个股短期业绩仅供参考，不构成股票推荐，也不构成对基金业绩的预测和保证。 以上观点仅供参考，不构成投资建议或承诺。如需购买相关基金产品，请您关注投资者适当性管理相关规定、提前做好风险测评，并根据您自身的风 险承受能力购买与之相匹配的风险等级的基金产品。基金有风险，投资需谨慎。 每日经济新闻 ...

Core Insights - The article highlights a significant influx of southbound capital into the Hong Kong stock market, with a net purchase amounting to 198 billion HKD, marking the largest net buying since August 5 this year [2][4]. Group 1: Southbound Capital Inflows - Southbound capital's net buying reached 198 billion HKD, the highest since August 5, when it was 234 billion HKD, contributing to a strong rally in the Hang Seng Index [2][4]. - The main beneficiaries of this capital influx were the ETFs, specifically the Tracker Fund of Hong Kong (盈富基金) and the Hang Seng China Enterprises Index ETF (恒生中国企业), which collectively saw a net inflow of 94.18 billion HKD [4][5]. Group 2: Fund Performance and Holdings - The Tracker Fund of Hong Kong received a net inflow of 72.83 billion HKD, with 52.08 billion HKD from the Shanghai-Hong Kong Stock Connect and 20.75 billion HKD from the Shenzhen-Hong Kong Stock Connect [5]. - The fund has a net asset size of 150.8 billion HKD and has seen a cumulative growth of 32.70% this year, slightly outperforming the Hang Seng Index [5]. - The Hang Seng China Enterprises ETF attracted a net inflow of 21.35 billion HKD and has a net asset size of 29.178 billion HKD, with a year-to-date growth of 29.38% [9]. Group 3: Sector Allocation - The Tracker Fund focuses on financials (33.56%), consumer discretionary (24.28%), and information technology (18.91%) [5]. - The Hang Seng China Enterprises ETF has a different allocation, with consumer discretionary at 29.36%, financials at 22.43%, and information technology also at 22.43% [9]. Group 4: Market Sentiment and Strategy - The significant buying of ETFs indicates that mainland institutional investors are leveraging short-term market fluctuations for low-positioning, reflecting confidence in long-term valuation recovery in the Hong Kong market [12][13]. - The current valuation advantage of the Hong Kong market, particularly H-shares compared to A-shares, is highlighted, with examples such as SMIC's H-share price being about half of its A-share price [13].

MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 ...