证券之星消息，2月12日发布《摩根标普港股通低波红利交易型开放式指数证券投资基金分红公告》。 本次分红为2026年度的第2次分红。公告显示，本次分红的收益分配基准日为2月2日，详细分红方案如 下： 本次分红对象为权益登记日下午上海证券交易所交易结束后，在中国证券登记结算有限责任公司上海分 公司登记在册的本基金全体基金份额持有人。，权益登记日为2月13日，现金红利发放日为2月27日。本 基金收益分配采取现金分红方式根据财政部、国家税务总局的财税字[2002]128号《财政部、国家税务 总局关于开放式证券投资基金有关税收问题的通知》，基金向投资者分配的基金收益，暂免征收所得 税。本基金本次分红免收分红手续费。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Group 1 - The core viewpoint of the articles highlights the increasing investor interest in urban investment bonds (城投债) as the Spring Festival approaches, with significant net inflows into the Hai Fu Tong Shanghai Urban Investment Bond ETF, totaling over 1.7 billion yuan in the last four days, bringing its total size to 30.383 billion yuan [1] - The market is favoring stable yield assets before the holiday, with a general decline in yields across various ratings and maturities of urban investment bonds, indicating a shift in positive sentiment towards medium to long-term products [1] - The support from a comprehensive debt restructuring policy enhances the safety margin of urban investment bonds, making them a valuable core investment option [1] Group 2 - The Hai Fu Tong Shanghai Urban Investment Bond ETF, established in November 2014, is one of the earliest bond ETF products in the market, providing an effective tool for investors to access a basket of urban investment bonds [2] - The fund received a five-star rating from Guotai Junan Securities in January 2026, reflecting its outstanding performance based on multiple indicators such as tracking error and information ratio [2] - Hai Fu Tong Fund is a leader in the bond ETF sector, offering a diverse range of products that cater to various investor needs, including short-term, medium-term, and long-term bond ETFs [2]

Group 1 - Renowned fixed income fund manager Jiang Xiaoli has left Tianhong Fund, shocking many in the industry [2][4] - Jiang joined Tianhong Fund in 2009 and has been a key figure in the fixed income sector for 16 years, managing up to 10 funds with a total scale of 35 billion yuan before her departure [2][3] - Her flagship fund, Tianhong Yongli Bond, achieved positive returns in 11 out of 13 years, with a cumulative return exceeding 114% [3][40] Group 2 - Jiang Xiaoli's departure is seen as a significant loss for Tianhong Fund, given her expertise in managing fixed income and fixed income plus products [7][43] - The fixed income plus business at Tianhong Fund operates under a multi-manager model, which is expected to mitigate risks associated with her departure [8][44] - The announcement of her leaving was made on February 9, with indications that she sought a break after years of intense work [12][48] Group 3 - Jiang Xiaoli's next career move is anticipated to be within the fund industry, with speculation about her joining E Fund, a leading fixed income plus management institution [21][57] - There are also rumors that she may consider starting a private equity fund [61] - Jiang holds approximately 0.4% of Tianhong Fund's shares through an employee stock ownership plan, indicating her significant stake in the company [62][66] Group 4 - Tianhong Fund has demonstrated strong financial performance, with cumulative revenue of 684.2 billion yuan and net profit of 196.87 billion yuan over the past decade [68] - The fund has maintained a high dividend payout rate, averaging 41.5% over the years, with significant distributions in recent years [68][69] - The fund's ability to generate substantial profits and dividends has been a key factor in its attractiveness to talent [66][68]

2025年8月，上海大学宝山校区的夏日蝉鸣中，来自贵州独山县的16岁少年赖振扬带着从山野生活里萌 发的科学创意，站上全国分享舞台——"我们设计的AI语音情绪识别音箱，能听懂独居老人的叹息"。他 身后的屏幕展示着该情绪识别系统的底层原理：声纹特征、情绪分类、多语种配适方案等。这是第十届 中学生ETS大会（全国）的现场。 这场以"探索（Explore）、思考（Think）、分享（Share）"为内核的公益盛会，是中欧基金2025年公益 版图的小小一角。从贵州山野的珍珠班到青海高原的养老院，从湖南乡村教师的培养计划到香港灾后的 重建现场……2025年，中欧基金的真心公益之行跨越山河，遍及10余个省份，点亮近20个城市。 秉持"真心，让生活更美好"的使命，中欧基金的公益行动步履不停。"去远方"、"中欧基金真心手工社 团"、"中学生ETS大会"、"中欧基金珍珠班"等长期公益项目持续运作3年及以上。不止于一时之举、一 事之功，中欧基金也将继续以长期主义践行公益事业，让温暖穿越千里、联结人心。 教育的微光：让每个灵魂都被看见 "改变偏远地区孩子的命运，最核心的是改变他们的思维。"中欧基金真心公益基金会副理事长周小鹏的 这句 ...

Group 1 - The core announcement from CITIC Prudential Fund Management Co., Ltd. is regarding adjustments to large subscription, conversion, and regular investment limits for the CITIC Prudential Money Market Securities Investment Fund, effective from February 12, 2026 [1] - From February 12, 2026, the limit for single-day subscriptions (including conversions and regular investments) will be set at 1,000 RMB, with the fund manager having the right to refuse any applications exceeding this amount [1] - If multiple applications exceed the 1,000 RMB limit, they will be processed in descending order until the total does not exceed 1,000 RMB, with the remaining applications subject to refusal [1] Group 2 - Starting from February 24, 2026, the fund will continue to suspend large subscriptions, conversions, and regular investments exceeding 100,000 RMB, with similar processing rules as mentioned above [2] - For investors utilizing T+0 quick redemption services, these limits will not apply, and redemption and conversion out processes will continue as normal during the suspension period [2] - Specific sales institutions will have different large subscription limits, such as 1 billion RMB for A and B class shares at Shanghai Huifu Fund Sales Co., Ltd. starting from August 7, 2025 [2][3]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，2月12日大成基金管理有限公司发布《关于大成添利宝货币市场基金E类份额调整直销 渠道个人投资者大额申购（含定期定额申购）及转换转入业务的公告》。公告中提示，为满足广大投资 者的投资需求，自2026年2月13日起大成添利宝货币市场基金E类份额调整直销渠道个人投资者大额申 购（含定期定额申购）及转换转入业务，申购、转换转入、定投上限金额为3000.0万元，下属分级基金 调整明细如下： ...

Core Viewpoint - The Chinese securities market showed significant vitality in 2025, with technology and resources as key themes. The market is expected to maintain its active performance in 2026, supported by ongoing industrial transformation, favorable top-level policies, and a downward trend in interest rates leading to increased market participation from residents [1][10]. Group 1: Investment Strategy - The manager believes that the earnings effect in the equity market will remain substantial in 2026 due to three supporting forces: ongoing industrial transformation, supportive policies for the capital market, and the unchanged logic of residents' deposits entering the market [1][10]. - After a notable rise in 2025, some industries and stocks have completed valuation recovery, indicating a need to lower return expectations and focus more on safety margins. A flexible position control and sensitivity to market fluctuations will be essential [1][10]. Group 2: Stock Investment Focus - The focus will be on hard technology, cyclical industries, globally competitive manufacturing, and the silver economy. The manager emphasizes the importance of identifying companies with high technological barriers, good competitive landscapes, and significant growth potential that are relatively under the market's radar [4][13]. - Some cyclical industries may have reached a turning point in supply-demand dynamics, particularly those with high global market share and domestic concentration, such as chemicals, non-ferrous metals, and coal, which are expected to see performance and valuation reversals in 2026 [4][13]. Group 3: Bond Investment Strategy - For convertible bonds, the current valuations may be at an inconvenient level, with some high-priced, high-premium targets potentially facing valuation risks. The strategy will focus on high-volatility balance strategies, seeking targets with significant stock volatility and reasonable convertible bond pricing [14]. - In pure bond investments, the market is expected to remain in a sideways trading phase with limited further volatility. A neutral duration will be maintained to balance coupon income while providing a hedge against equity assets [15]. Group 4: Investment Philosophy - The manager employs a rigorous engineering research spirit to deeply analyze individual stocks, focusing on macro trends, industrial changes, and technological advancements to uncover investment opportunities in technology growth, dividend stocks, and cyclical reversals [16]. - The investment approach emphasizes independent thinking, thorough research of underlying technical details, and the identification of high-quality stocks to provide better returns and holding experiences for investors [16].

来源：WIND 风险提示： 2月10日，全球最大对冲基金桥水基金创始人瑞·达利欧在阿联酋迪拜接受了深度专访。达利欧表示，基于其数十年宏 观投资经验及历史周期研究，结合当前美国所处的历史方位来看，达利欧警告，美国正处于帝国兴衰大周期的"第五阶 段"，即秩序崩溃与冲突爆发的前夜。 达利欧认为，美国目前正处于其定义的"六阶段大周期"中的第五阶段——即在极度两极分化和债务失衡下，处于边缘 但尚未完全崩溃的时期。此外，达利欧重申他对黄金的看法：在当前的债务与政治动荡下，黄金是唯一"非他人负 债"的资产。从资产配置的解读看，达利欧回答"我的投资组合中应该有多少黄金？……对个人来说，取决于他们的投 资组合构成，可能是投资组合的5%到15%。" 我们认为，贵金属牛市的终结往往需要大的叙事逻辑反转，从中长期视角看，美联储降息周期、逆全球化与海外不确 定性、全球去美元化和央行购金等逻辑仍在延续，黄金的上行趋势仍未完待续。 复盘历史数据来看，黄金在中长期维度的上涨趋势中，金价在阶段性达到高点快速回落后，后续通常有望迎来可观涨 幅。上周黄金价格走势为急跌、反抽、回落并震荡，波动率逐渐下降，呈现比较典型的高波动去杠杆过程。在黄金价 格 ...

2026年开年之际，经济的结构性分化仍在继续，新旧动能转换的调整步伐也已加快。在此背景下，债券 市场的表现或成为观察这一宏观转换最敏锐的窗口。 华商鸿信纯债债券基金经理吴毓灵在近期披露的定期报告中回顾道，2025年四季度，国内经济基本面延 续结构性分化态势，生产端和出口保持韧性，PMI重回扩张区间，物价水平从低位温和回升。但内需表 现仍偏弱，其中社零增速放缓，固定资产投资明显承压，地产销售未见起色。货币政策延续适度宽松， 资金价格中枢整体平稳。 华商鸿信纯债债券申购费率根据申购金额划分不同标准：金额＜100万元时费率为0.80%；100万元≤金 额＜300万元时费率为0.60%；300万元≤金额＜500万元时费率为0.30%；金额≥500万元时按每笔100元收 取。赎回费率依据持有时间划分：持有时间小于7日费率1.50%；7日≤持有时间不收取赎回费。本基金 不收取销售服务费。通过基金管理人的直销中心申购本基金基金份额的养老金客户申购费率详见本基金 《招募说明书》及相关公告。 风险提示：本基金管理人承诺以诚实信用、恪尽职守、谨慎勤勉的态度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。投资者购买基 ...

春节假期临近，公募基金市场再度启动节假日运作模式。2月11日，包括申万菱信基金、嘉实基金在内 的多家机构集中发布公告称，旗下多只固收类产品将于春节假期前暂停申购、大额申购、转换转入及定 期定额投资业务。东方财富Choice数据显示，进入2月以来，已有超过150只基金宣布在春节期间暂停相 关业务，多数产品自2月12日起暂停相关业务，2月24日起恢复办理。相关基金公司均表示，此举旨在保 障基金平稳运作，保护基金份额持有人利益。有分析人士提醒，投资者应立即关注公告、明确截止时 点，务必提前2—3个交易日完成交易，避免因时点误判导致资金在假期"站岗"。 整体来看，上述安排与历年长假前的操作基本一致。主要围绕春节假期期间交易所休市、资金结算暂停 等因素作出调整。而从公告披露的原因来看，基金管理人普遍表示，相关安排旨在保障基金平稳运作， 切实保护基金份额持有人的利益。 再向前追溯，还有富安达基金、南方基金、嘉合基金等多家公募旗下产品拟于春节假期暂停申购、转换 转入及定期定额投资业务。东方财富Choice数据显示，2月以来，宣布将在春节假期前暂停申购、转换 转入或限制大额申购的基金产品已超过150只。其中，仅2月10日就有 ...