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万亿战舰的探索之路:易方达多资产投资的体系化与投研协同
Sou Hu Cai Jing· 2026-01-15 23:42
Core Viewpoint - The article emphasizes the importance of diversified asset allocation in navigating market uncertainties, highlighting E Fund's evolution in multi-asset investment strategies over nearly 20 years, showcasing its systematic research and collaborative platform to enhance investment certainty amidst volatility [1][2][4]. Group 1: Evolution of Multi-Asset Investment - E Fund's multi-asset investment journey began in 2006, with the first product management initiated, and evolved from fixed income enhancement to a diversified multi-asset strategy [2][3]. - The establishment of a dedicated multi-asset investment team in 2018 marked a significant step, recognizing the potential in this area as seen in mature overseas markets [3][4]. - By 2023, E Fund launched its global allocation product, indicating a shift towards global multi-asset investment strategies [3][4]. Group 2: Scale and Strategy - E Fund's multi-asset management scale has surpassed 1 trillion yuan, with public fund management exceeding 160 billion yuan as of Q3 2025, positioning it as an industry leader [4]. - The asset categories have expanded from traditional stocks and bonds to include commodities like gold, and the investment scope has broadened from A-shares to global markets, utilizing various investment tools [4][5]. - The emphasis has shifted from "fixed income plus" to a more balanced approach where each asset class plays an equally important role in the portfolio [4][5]. Group 3: Research and Management Framework - E Fund has developed a matrix management structure to enhance investment efficiency, focusing on specialized roles within the investment research team to optimize resource allocation [6][7]. - Cross-departmental collaboration is a key support for the development of multi-asset strategies, facilitated by a culture of openness and shared resources [7][8]. - The investment process is characterized by scientific and meticulous management, with a focus on both qualitative and quantitative assessments to manage risks and optimize asset allocation [9][10]. Group 4: Diverse Product Offerings - E Fund has created a diverse product matrix catering to different risk and return profiles, including low, medium, and high volatility products, ensuring a comprehensive range of investment options [12][13]. - The low-volatility products maintain strict controls on equity exposure, while medium and high-volatility products allow for broader equity allocations to achieve higher long-term returns [12][13]. Group 5: Investment Team and Methodologies - The investment team comprises experienced managers like Zhang Qinghua and Zhang Yajun, who employ a combination of top-down and bottom-up approaches to identify investment opportunities [14][15][16]. - Each manager has a distinct investment philosophy, such as Yang Kang's focus on "asymmetry" in asset performance and Hu Wenbo's emphasis on mean reversion strategies [18][19][20]. - The collaborative platform enables managers to specialize in their strengths while benefiting from shared insights across different asset classes [21]. Group 6: Future Outlook - As the asset management industry transitions to a high-quality era, E Fund's systematic approach to multi-asset investment is positioned to provide sustainable returns for investors, leading the industry towards a more mature and intelligent asset allocation landscape [21][22].
关于以通讯方式召开国泰创业板医药卫生 交易型开放式指数证券投资基金基金份额持有人大会的第一次提示性公告
Group 1 - The announcement is regarding the first notice for convening a communication-based meeting of the fund holders of the Guotai ChiNext Pharmaceutical and Health Exchange-Traded Open-Ended Index Fund [1] - The meeting will be held via communication, with voting starting from January 15, 2026, to March 2, 2026, at 17:00 [2] - The meeting will discuss the proposal for the continuous operation of the fund [5] Group 2 - The rights registration date for fund holders is January 15, 2026, meaning all registered fund holders by the end of trading on that date can participate in the meeting [6] - Holders of the linked fund can participate in the meeting and vote based on their holdings [3][7] - Voting ballots must be submitted by March 2, 2026, at 17:00, and should be sent to the fund management company's office [9] Group 3 - The voting rights are equal for each fund share, with each share having one vote [13][14] - The proposal requires at least half of the voting rights to be present for the meeting to be valid [18] - If the meeting does not meet the required quorum, a second meeting may be convened [18] Group 4 - The fund management company is Guotai Fund Management Co., Ltd., located in Shanghai [10] - The custodian of the fund is Guotai Haitong Securities Co., Ltd. [19] - The notarization of the voting process will be conducted by the Shanghai Dongfang Notary Office [19]
东方阿尔法基金管理有限公司旗下部分公募基金2025年第四季度报告提示性公告
Xin Lang Cai Jing· 2026-01-15 19:29
(1)东方阿尔法优势产业混合型发起式证券投资基金; (2)东方阿尔法瑞丰混合型发起式证券投资基金; (3)东方阿尔法科技智选混合型发起式证券投资基金; 东方阿尔法基金管理有限公司(以下简称"本公司")董事会及董事保证公司旗下公募基金2025年第四季 度报告所载资料不存在虚假记载、误导性陈述或重大遗漏,并对其内容的真实性、准确性和完整性承担 个别及连带责任。 本公司旗下: (4)东方阿尔法瑞享混合型发起式证券投资基金; (5)东方阿尔法科技甄选混合型发起式证券投资基金。 东方阿尔法基金管理有限公司 2026年1月16日 MACD金叉信号形成,这些股涨势不错! 上述基金2025年第四季度报告全文于2026年1月16日在本公司网站(www.dfa66.com)和中国证监会基 金电子披露网站(http://eid.csrc.gov.cn/fund)披露,供投资者查阅。如有疑问可拨打本公司客服电话 (400-930-6677)咨询。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产,但不保证基金一定盈利,也不保 证最低收益。请充分了解基金的风险收益特征,审慎做出投资决定。 特此公告。 ...
宏利优势企业混合型证券投资基金基金份额发售公告
Xin Lang Cai Jing· 2026-01-15 18:26
登录新浪财经APP 搜索【信披】查看更多考评等级 [重要提示] 1、宏利优势企业混合型证券投资基金(以下简称"本基金")已于2025年12月19日获中国证监会证监许 可[2025]2863号文注册。中国证监会对本基金的注册并不代表中国证监会对本基金的投资价值和市场前 景作出实质性判断或保证,也不表明投资于本基金没有风险。 7、有效认购资金在募集期形成的利息,在基金合同生效后折成投资人认购的基金份额,归投资人所 有。利息转份额的具体数额以登记结算机构的记录为准。 8、投资者可以多次认购本基金份额,已被登记结算机构确认的认购申请不允许撤销。认购费按每次认 购金额计算。 9、本基金首次募集规模上限为15亿元人民币(不含募集期利息,本基金A类基金份额和C类基金份额的 募集规模合并计算,下同)。基金募集过程中,募集规模接近、达到或超过15亿元人民币的,基金可提 前结束募集。在募集期内任何一天(含第一天)当日募集截止时间后基金份额累计有效认购申请金额 (不包括利息,下同)合计超过15亿元人民币,基金管理人将采取末日比例确认的方式实现规模的有效 控制。当发生末日比例确认时,基金管理人将及时公告比例确认情况与结果。未确认部分 ...
长城基金管理有限公司旗下部分基金2025年第四季度报告提示性公告
Xin Lang Cai Jing· 2026-01-15 18:26
登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及董事保证基金季度报告所载资料不存在虚假记载、误导性陈述或重大遗漏,并对其内容 的真实性、准确性和完整性承担个别及连带责任。 长城基金管理有限公司旗下披露2025年第四季度报告的基金如下: ■ 上述基金2025年第4季度报告全文于2026年1月16日在本公司网站[http://www.ccfund.com.cn]和中国证监 会基金电子披露网站(http://eid.csrc.gov.cn/fund)披露,供投资者查阅。如有疑问可拨打本公司客服电 话(400-8868-666)咨询。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产,但不保证基金一定盈利,也不保 证最低收益。请充分了解基金的风险收益特征,审慎做出投资决定。 特此公告。 长城基金管理有限公司 2026年1月16日 长城信利一年定期开放债券型发起式证券投资基金 开放申购、赎回、转换业务的公告 公告送出日期:2026年1月16日 1、公告基本信息 ■ 注:本基金单一投资者持有的基金份额或者构成一致行动人的多个投资人持有的基金份额可达到或者超 过50%,且本基金不向个人投资者公开 ...
光大保德信基金管理有限公司关于旗下部分基金的招募说明书及产品资料概要(更新)的提示性公告
Xin Lang Cai Jing· 2026-01-15 18:26
2026年1月16日 MACD金叉信号形成,这些股涨势不错! 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产,但不保证本基金一定盈利,也不 保证最低收益。请充分了解本基金的风险收益特征,审慎做出投资决定。 特此公告。 光大保德信基金管理有限公司 光大保德信安和债券型证券投资基金招募说明书(更新)、光大保德信安祺债券型证券投资基金招募说 明书(更新)及前述基金的产品资料概要(更新)全文于2026年1月16日在本公司网站 (www.epf.com.cn)和中国证监会基金电子披露网站(http://eid.csrc.gov.cn/fund)披露,供投资者查 阅。如有疑问可拨打本公司客服电话(4008-202-888)咨询。 ...
鹏华上证科创板芯片设计主题交易型开放式指数证券投资基金基金份额发售公告
基金管理人:鹏华基金管理有限公司 基金托管人:长城证券股份有限公司 [重要提示] 1、鹏华上证科创板芯片设计主题交易型开放式指数证券投资基金(以下简称"本基金")的募集及其基 金份额的发售已获中国证监会证监许可〔2025〕2591号文注册。中国证监会对本基金募集的注册并不代 表中国证监会对本基金的风险和收益作出实质性判断、推荐或者保证。 2、本基金是交易型开放式,股票型基金。 3、本基金管理人为鹏华基金管理有限公司,基金托管人为长城证券股份有限公司,登记机构为中国证 券登记结算有限责任公司。 4、投资者可选择网上现金认购、网下现金认购两种方式认购本基金。本基金暂不开通网下股票认购, 若后续开通网下股票认购,届时将另行公告。网上现金认购是指投资人通过基金管理人指定的具有基金 销售业务资格的上海证券交易所会员用上海证券交易所网上系统以现金进行的认购,网下现金认购是指 投资人通过基金管理人及其指定的发售代理机构以现金进行的认购。 5、本基金募集期自2026年01月19日至2026年01月30日,通过网上现金认购、网下现金认购两种认购方 式公开发售。基金管理人可根据募集情况适当延长或缩短本基金的募集期限并及时公告。 ...
华夏中海商业REIT:项目公司与SPV公司的吸收合并已完成
Xin Lang Cai Jing· 2026-01-15 15:18
观点网讯:1月15日,华夏中海商业资产封闭式基础设施证券投资基金(以下简称"华夏中海商业 REIT")发布公告,宣布其不动产项目公司已完成吸收合并相关程序。 华夏中海商业REIT,由华夏基金管理有限公司管理,中信银行股份有限公司托管,于2025年10月31日 上市交易。 截至该基金上市交易公告书披露日,该基金已认购"中信证券—中海商业资产1号资产支持专项计 划"(以 下简称"专项计划")全部份额,专项计划管理人中信证券股份有限公司代表专项计划已取得佛 山佳映商业管理有限公司(以下简称"SPV 公司")全部股权, SPV公司已取得佛山海映商业管理有限 公司(以下简称"项目公司")全部股权, 有关权属变更工商登记手续已完成。 根据该基金招募说明书披露的吸收合并安排,专项计划管理人(代表"专项 计划")持有SPV公司100% 股权、SPV公司持有项目公司100%股权后,专项计划管理人(代表"专项计划")和SPV公司分别做出股 东决定,同意由项目公司以吸收合并的方式合并 SPV公司并签署《佛山海映商业管理有限公司与佛山 佳 映商业管理有限公司之吸收合并协议》,合并的具体方式为注销SPV公司的独立法人地位,项目公 司作 ...
普洛斯中国任命新CEO,“新基建+新经济”协同发展再提速
财富FORTUNE· 2026-01-15 13:07
Core Viewpoint - GLP Pte Ltd has appointed Zhao Mingqi as the CEO of GLP China, emphasizing the company's commitment to local talent development and its confidence in the long-term potential of the Chinese market [1][3]. Group 1: Leadership and Strategic Direction - Zhao Mingqi has been with GLP since its inception in China in 2003 and has played a crucial role in driving the rapid growth of the company's operations in the region [5]. - Under her leadership, GLP China has expanded its business into large-scale data centers and the renewable energy sector, while maintaining a strong reputation in private and public real estate funds and private equity investments [3][5]. - The appointment reflects GLP's strategic focus on enhancing the synergy of its new economy businesses in China [3]. Group 2: Business Expansion and Infrastructure - GLP's services have evolved from traditional logistics warehousing to encompass supply chain, data centers, and renewable energy, with a national footprint of 20 data centers providing 1.4 GW of IT load [6]. - The company has delivered over 400 MW of capacity and ranks among the top five data center service providers in China [6]. - GLP's renewable energy initiatives include investments in distributed and centralized solar power, wind energy, and energy storage, with an installed capacity exceeding 1 GW [6]. Group 3: Market Position and Future Outlook - The new economy infrastructure sector is experiencing unprecedented opportunities, aligning with national strategies for digital economy and green energy transitions [9]. - GLP's comprehensive capabilities across strategic planning, investment development, and operational management position it as a key player in the new infrastructure landscape [9]. - The company has attracted significant investment, including a $1.5 billion investment from the Abu Dhabi Investment Authority, highlighting confidence in GLP's role in China's new economy [9]. Group 4: Investment Products and Performance - GLP's real estate funds, such as the CICC GLP REIT, have been recognized for their robust performance, with 14 distributions totaling nearly 1.4 billion yuan since its launch [10]. - The REIT is noted for its market-oriented operations and reflects GLP's expertise in asset management and operational efficiency [10]. - Zhao Mingqi expressed optimism about leveraging GLP's unique business platform to capture new opportunities and drive sustainable growth [10].
中银量化选股投资价值分析:标股基指数的新选择
Guoxin Securities· 2026-01-15 12:28
- The quantitative model "Bank of China Quantitative Stock Selection" achieved an excess return of 3.18% relative to the Wind Partial Equity Hybrid Fund Index in 2025, with a relative maximum drawdown of only 4.13%, an annualized tracking error of 5.44%, an IR of 0.49, a return-drawdown ratio of 0.77, and a quarterly win rate of 75%[2][23][24] - The model demonstrated strong risk management capabilities, with an average annualized tracking error of only 5.26% over a rolling 3-month period in 2025, and a daily return correlation coefficient with the benchmark index averaging 0.96, indicating stable operations targeting the median level of active equity funds[25][26][27] - The model's return-drawdown ratio ranked in the top 30% of the market (1072/3588) among all active equity funds in 2025, and its relative maximum drawdown ranked in the top 0.5% (21/3588), showcasing strong drawdown control capabilities[29][30][31]