| | | | 基金表现 | | | | | --- | --- | --- | --- | --- | --- | --- | | 基金代码 | 最新报价 | 周涨跌幅 | 周成交额 | 份额变化 | 基金规模 | 基金管理人 | | (元) | | (%) | (亿元) | (亿份) | (亿元) | | | 563360. SH | 1. 241 | -1.19 | 212. 84 | 1.44 | 266. 66 | 华泰柏瑞基金 | | 159361. SZ | 1. 196 | -1.08 | 214. 55 | -4. 38 | 234. 26 | 易方达基金 | | 159338. SZ | 1.177 | -0. 93 | 236. 73 | -5.07 | 218. 60 | 国泰基金 | | 159352.SZ 1.222 | | -1. 05 | 181. 25 | -0. 90 | 217.88 | 南方县金 | | 519050 SH 1 160 | | -1 02 | 257 06 | 0 30 | 107 73 | 休息草を | | UIZANUV. DII | 1. 1VV ...

作为高股息策略的典型代表，红利ETF再次站上风口，近日，多只红利ETF净值同步创下历史新高。据 wind数据，截至11月12日，全市场跟踪红利系列指数的ETF总规模已突破1500亿元。 11月14日，农业银行A股股价一度再创历史新高，总市值盘中突破3万亿元，继续占据A股总市值第一宝 座。农业银行股价连创新高，不仅隐含银行股估值修复逻辑，更折射出投资者对高股息资产的关注。 其中，华泰柏瑞红利低波ETF规模以264.02亿元绝对领先，但易方达基金、华夏基金两家头部机构在同 一跟踪指数上发力，产品管理费率较华泰柏瑞基金打3折，且在分红策略或超额收益上表现出差异化， 年内规模翻倍式增长，增速在各红利ETF中最快。 红利ETF总规模超1500亿元，年内增近50% 近日，农业银行总市值首次突破3万亿元，再创历史新高，成为了A股首家总市值迈进"3万亿俱乐部"的 上市银行。自2025年8月首次问鼎A股流通市值冠军以来，农业银行股价持续攀升，并带动银行指数回 升。 作为高股息资产代表，银行板块的整体走强，推动了市场对红利ETF的再度关注。近年来，在无风险利 率下行、市场波动加剧的背景下，红利ETF凭借其高股息、低波动等特性，成 ...

首批养老Y份额基金成立已满三年，投资业绩如何？ 智通财经记者据Wind数据统计，最早一批养老目标基金Y份额成立日期为2022年11月11日，距今已整三年，最新净值也披露到了2025年11月11 日。（注：由于FOF是主要投资其他基金的基金，它需要等所投资基金的净值都披露后，才能开始进行自己的资产估值并计算份额净值，因此其 净值更新和申购赎回确认的时间会晚于普通基金。） 该批养老目标基金Y份额共40只，有39只养老Y份额成立至今均实现了正收益，平均每只产品盈利10.97%；剩余1只则仍小幅度亏损0.77%。 整体来看，截至11月11日，剔除今年新成立的产品，目前全市场195只已有完整数据统计的养老FOF基金Y份额实现全员正收益，年内平均收益率 达13.41%。 成立三年最高累计赚近20% 2022年11月4日，人社部、财政部、税务总局、银保监会、证监会联合发布《个人养老金实施办法》，标志着个人养老金制度正式落地。随后，个 人养老金制度正式启动实施。 目前，纳入个人养老金账户的基金Y份额均为养老目标基金，采用FOF运作模式。其中，养老型FOF基金的Y份额就是"养老金"拼音开头的"Y"， 是专门针对个人养老金账户投 ...

办公室互殴、报警、送医……近日，鹏华基金两位基金经理互殴传闻在公募基金圈内引发轩然大波。传言当晚，两位当事人纷纷在朋友圈辟谣，称消息"属 于恶意诽谤，严重与事实不符"。鹏华基金也随后表态，公司已进行内部调查核实，相关传闻纯属谣言。 凤凰网财经《投资观察》注意到，传闻中的女基金经理闫思倩正是鹏华基金当红的权益基金经理，目前共管理六只基金。Choice数据显示，截至三季度末， 闫思倩整体管理规模达到208亿元，其中鹏华碳中和主题混合规模超过123亿，年内涨幅接近80%，位居同类基金排名前5%。 图源：鹏华基金公众号 不过，与规模增长形成鲜明对比的是该基金在2025年上半年却取得超过5亿元的亏损。 明星产品热销的背后，暗藏了高位接盘风险，持有人亏损带来的赎回压力也会随之而来。结合鹏华基金混合型基金规模四年间近乎腰斩的数据，对于这家管 理规模刚刚跨入万亿俱乐部的老牌公募机构来说，风光背后亦难掩权益业务失衡的隐忧。 明星基金经理"复制粘贴"，新基热销背后的高位风险 凤凰网财经《投资观察》发现，闫思倩主管的鹏华碳中和主题混合，凭借对人形机器人板块的高度集中配置，从一季度开始迎来净值的迅速攀升，在9月创 单位净值的历史高点 ...

Group 1: Fundraising and Market Trends - In 2023, 11 FOFs (Fund of Funds) have been established with a fundraising scale exceeding 2.0 billion yuan, with the latest FOF raising 2.367 billion yuan and receiving 9,440 valid subscriptions [1] - The number of public fund managers has reached a new high of 4,102, marking a 25% increase since the beginning of the year, with nearly 30% of them having less than two years of tenure, indicating a trend towards younger fund managers [1] Group 2: Banking Sector Performance - As of the end of Q3 2025, the non-performing loan (NPL) rate for commercial banks is 1.52%, with a total NPL balance of 3.5 trillion yuan, reflecting a slight increase from the previous quarter [2] - In the first three quarters of 2025, commercial banks achieved a cumulative net profit of 1.9 trillion yuan, with an average capital return rate of 8.18% and an asset return rate of 0.63% [3] Group 3: Regulatory Developments - The Shenzhen Financial Regulatory Bureau has initiated a cleanup of unapproved "financial holding" companies, requiring 553 entities to either apply for cancellation or change their names and business scope within three months [4] - The China Securities Regulatory Commission has approved Yuan Chuang Technology's initial public offering registration [9] Group 4: Corporate Actions and Developments - Wanfu Biology has decided to postpone the implementation of its Knowledge City production base construction project while maintaining the original fundraising project parameters [10] - Yangdian Technology has completed the transfer of shares, resulting in a change of control to Hantang Cloud Intelligence Technology Co., Ltd. [11] - Zhongmei Energy's executive director and president Zhao Rongzhe has resigned due to reaching retirement age [12] - Chongqing Steel's president Meng Wenwang has resigned due to work adjustments [13] Group 5: Market Performance - In October, China Merchants Port reported a 5.5% year-on-year increase in container throughput, totaling 17.418 million TEUs for the first ten months of the year [15] - China State Construction reported a total of 3.61 trillion yuan in new contracts signed from January to October, reflecting a 1% year-on-year growth [18]

Core Viewpoint - The public FOF funds have achieved remarkable performance in Q3 2025, with all funds reporting positive returns for the year, marking an unprecedented situation in the market [1][3]. Performance Highlights - The top-performing FOF product has recorded a return of nearly 70% this year, significantly outperforming many actively managed equity funds [2][5]. - The leading FOF fund, Guotai Youxuan Lianhang One-Year Holding FOF, achieved a return of 66.7%, followed by Guotai Industry Rotation Stock C at 60.3% and E Fund Gold Theme at 55.3% [3][4]. Fund Growth and Popularity - The total scale of public FOF funds increased from 165.7 billion yuan at the end of Q2 to 193.4 billion yuan by the end of Q3, with the number of funds rising from 517 to 518 [7][10]. - Some FOF products have seen their scale grow more than tenfold, indicating strong investor interest and confidence [10][12]. Investment Strategies and Trends - FOF funds have shown a significant preference for gold-themed funds, which accounted for 40% of the top ten performing FOF funds, reflecting a strategic focus on risk-averse assets amid rising geopolitical risks and fluctuating inflation expectations [5][19]. - The international gold price has been strong, surpassing $2,600 per ounce in Q3, contributing to the performance of gold-related investments [5][19]. Major Holdings and Adjustments - The top five funds held by FOFs include Hai Fudong Zhongzheng Short Bond ETF, Huazheng Gold ETF, and several other bond ETFs, indicating a strong focus on fixed-income securities [13][15]. - FOFs have increased their holdings in Huazheng Gold ETF by over 70 million shares in Q3, demonstrating a proactive approach to asset allocation [6][18]. Future Outlook - FOF fund managers are looking to balance their portfolios with a focus on technology and cyclical sectors for Q4, while maintaining a solid foundation in bond and gold investments [20][22]. - The consensus among FOF managers is to adopt a flexible and balanced investment strategy to navigate potential market volatility while seeking excess returns [22].

证券日报网讯东北证券11月14日发布公告，在公司回答调研者提问时表示，公司坚持多元化发展，积极 拓宽对外投资布局，通过全资子公司东证融通开展私募股权基金业务、全资子公司东证融达开展另类投 资业务、全资子公司东证融汇开展证券资产管理业务，并控股渤海期货、东方基金，参股银华基金，已 形成集证券、基金、期货为一体的综合金融服务体系。其中，东证融通和东证融达积极履行金融服务实 体经济使命，重点聚焦符合国家导向的半导体、新材料、高端制造等战略性科创企业开展私募股权基金 及另类投资业务，为新质生产力培育提供金融支撑。 ...

中经记者 罗辑 北京报道 随着A股持续向上，近一段时期，私募基金持续扩容。 私募排排网数据显示，截至2025年10月31日，百亿私募数量一举突破至113家，与9月底的96家相比，一 个月净增17家。这一扩容速度在私募行业发展历程中较为少见。 事实上，不仅私募行业正在活跃，近期公募基金规模也连创新高。远东资信高级研究员梁蕴兮就当前公 募、私募规模的持续增长展望称，这是我国权益市场活力提升的一个重要信号。 多位业内人士表示，国内百亿级私募机构数量出现显著增长是受多重因素推动。除了行业资源进一步向 头部集中的"马太效应"之外，股票市场整体表现强劲、私募行业整体业绩表现亮眼、行业监管环境不断 规范均推升了私募"百亿俱乐部"的扩容。从影响来看，今年以来不仅私募市场活跃度攀升，公募基金资 产净值、年度新发基金数量也创下新高。这背后有投资者信心的持续回暖，资金借私募、公募渠道持续 流入股市，从而进一步推动资本市场迈入长期持续的稳健发展。 市场活跃、监管有效施策推动头部私募崛起 具体来看，私募排排网数据显示，10月末百亿私募阵营合计较9月末净增17家，其中有18家私募机构在 10月踏入百亿阵营，1家从百亿规模中掉落。截至10 ...

Core Viewpoint - The A-share market has shown increased volatility since November, with notable style switching between traditional value sectors and previously strong sectors like metals, new energy, and innovative pharmaceuticals [1] Market Outlook - The overall risk for the year-end market is considered controllable, but there is potential for structural changes and a rebalancing expectation [1] - Despite short-term fluctuations, the long-term outlook remains optimistic, with technology innovation sectors expected to be key growth drivers [1] Investment Opportunities - Three major investment directions are highlighted: 1. Infrastructure opportunities represented by computing power, including sectors like computing chips, optical communication, PCB, liquid cooling, and storage [1] 2. AI application end, where advancements in AI infrastructure and capabilities are expected to create new ecosystems and investment opportunities, particularly in humanoid robots, unmanned vehicles, and drones [1] 3. Strategic emerging industries and future industries emphasized in the "14th Five-Year Plan" [1]

Group 1 - The article discusses the increasing market volatility as the Shanghai Composite Index surpasses 4000 points, suggesting that investors who are cautious yet do not want to miss out on opportunities should consider "fixed income plus" funds represented by secondary bond funds [1] - Secondary bond funds aim for a "dual investment" strategy, allocating at least 80% of their assets to the bond market for stability while investing up to 20% in equities and convertible bonds for growth potential [2][4] - Historical performance data shows that from 2015 to 2024, the mixed bond secondary index has been relatively stable, with 7 out of 10 years showing gains, and only minor declines in 2016, 2022, and 2023, which were significantly less than the declines in the CSI 800 index [4][5] Group 2 - The Changcheng Fengze Bond Fund is highlighted as a typical secondary bond fund suitable for investors seeking stable asset allocation [8] - Zhang Lin, the proposed fund manager, has extensive experience in multi-asset allocation and has managed various types of bond funds since 2017, focusing on macro rates, credit bonds, convertible bonds, and equities [9] - The fund's strategy emphasizes low volatility, with a historical asset allocation that keeps stock and convertible bond investments below 32% of net assets, ensuring a stable income base [11][19] Group 3 - The article emphasizes the importance of a strong research team behind secondary bond funds, with Changcheng Fund establishing a cross-departmental collaboration for comprehensive research and strategy development [20] - The fund's research team focuses on various strategies for convertible bonds, adapting to market conditions and ensuring actionable investment strategies [20] - Recent performance data indicates that Changcheng Fund's fixed income products rank in the top 20% for returns over the past one, two, and three years, reflecting the effectiveness of their investment strategies [21]