Investment Rating - The report maintains a bullish outlook on stocks related to Reliability of Power/Water/Energy, Efficiency of Energy/Resources/Land, and solutions for Aging Populations/labor strains [1][15][38] Core Insights - Sustainable funds with broader APAC regional mandates have outperformed non-ESG peers for six consecutive quarters, while those with individual country mandates have struggled [1][35] - Performance is deemed more critical than policy for the growth of Sustainable Investing's AUM penetration, with a focus on quality and governance [1][13] - The report highlights a notable increase in AUM penetration for ANZ-focused Sustainable funds, reaching 4.8% by 1Q25, up 23 basis points year-over-year [12] APAC Fund Performance and Flows - APAC-focused Sustainable equity AUM remained flat at US$212 billion, with minor outflows of -US$0.9 billion in 1Q25, primarily from Japan and Emerging Markets-focused funds [9][19] - Passive Sustainable strategies now represent 52% of total APAC-focused Sustainable AUM, attracting US$1.0 billion of inflows in 1Q25 [9][19] - Sustainable funds in the top two quintiles based on 3-year risk-adjusted returns saw cumulative inflows of +US$6.0 billion in 2024, contrasting with -US$16 billion outflows in the bottom cohort [10][12] Stock Ideas - New entrants into the E&S Leaders screen include companies like JYP Entertainment, Kweichow Moutai, and Tata Consultancy, all rated as Buy by Goldman Sachs [6][7] - Thematic stock in focus includes Harmonic Drive Systems, which aligns with Green Capex and Aging Populations Solutions themes [6] Sustainable Fund Trends - The report notes that the median performance of APAC-focused Sustainable funds was at the 45th percentile in 1Q25, indicating underperformance relative to peers [35][42] - Greater China-focused Sustainable funds have shown significant impact on median performance, comprising approximately 50% of the funds tracked [36][44] - The report emphasizes a less-is-more approach to Sustainable integration strategies, focusing on measurable metrics [38]

Core Viewpoint - Jiangsu Bank will start selling certain funds managed by Jinyuan Shun'an Fund Management Co., Ltd. from May 29, 2025, as per the sales service agreement signed between the two parties [1]. Applicable Funds - The specific funds that will be available for sale through Jiangsu Bank have not been detailed in the announcement, but it is stated that all future open-end funds issued by the company will also be applicable for the same services without further announcements [1]. Business Scope - From May 29, 2025, investors can perform various transactions related to the funds at Jiangsu Bank, including account opening, subscription, purchase, redemption, regular investment, and fund conversion [1]. Fee Rate Discounts - The funds managed by the company will participate in fee rate discounts at Jiangsu Bank, with specific discount rates and procedures to be published on Jiangsu Bank's website [2]. Regular Investment Business - The regular investment business allows investors to set up automatic deductions for fund purchases, with minimum investment limits varying by fund type, such as 1 yuan for money market fund A class and 10 yuan for other funds [3]. Fund Restrictions - Certain funds, such as Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Securities Investment Fund, are currently suspended for subscription and conversion, while others are not available for individual investors [3]. Contact Information - Investors can consult Jiangsu Bank or Jinyuan Shun'an Fund Management Co., Ltd. for more details through their respective websites and customer service numbers [4].

(以下顺序不分先后) 鹿秀投资董事长么博：今年以来，DeepSeek确立中国的科技自信，一系列新事件改善了A股与港股的风险偏好提升，或推动A股 整体估值中枢上移，因此对下半年权益市场持乐观判断。 共话共启 · 机构视野 · 投资新局 关联内容全球秩序重构下，60位金融业代表参会研讨：如何面对投资变局？ 日前由21世纪经济报道、21世纪资本研究院主办的"财富.中国行"活动"共话共启.机构视野.投资新局——全球秩序裂变与机构资 产配置研讨会"北京站顺利落幕。研讨会共汇聚了60余位来自私募、公募、券商等行业代表。 在圆桌对话环节，十余位主观及量化私募机构嘉宾，围绕当前环境下的市场共识和趋势预判以及全球秩序重构下如何做好大类 资产配置，深度探讨了近期市场调整逻辑、政策信号下的投资机遇、关税冲击应对以及ETF工具的战略价值等。 一起来看部分嘉宾的精彩观点吧！ 全球秩序裂变与重构,机构资产配置研讨会 5月13日·北京 么博 鹿秀投资董事长 今年以来,DeepSeek确立中国的科技自信,一 系列新事件改善了A股与港股的风险偏好提升, 或推动A股整体估值中枢上移,因此对下半年权 益市场持乐观判断。 【战略时】 《》 鹏华基金 ...

李冈峰 欧洲天然资源基金 Commodity Discovery 特约分析师 这是一个主要从美国每周的CFTC数据公布基金(Managed Positions)在当地期货市场的各种部署，继而反映 现时市场对贵金属的情绪和对短/中期的一个价格判断。美国每周五收市后公布的CFTC数据，记录日为刚过 去的周二(如果过去一周原本工作日是假日的话数据出炉会延期)。 | 概要 | | --- | | 市场认为联储还会在7月减息的机率从四周前的76.4%跌至上周五的25.2%。9月息率维持不变的几 | | 率亦从6.2%升到43.8%。 | 美国评级被下调后，美国债券拍卖行清冷清，债券息率继续向上(价格下跌)。换作以前的情况，如 果美国经济衰退，会出现美股下跌，但美汇及美债受惠资金涌入而上升(这也是为什么笔者原本不 敢太过看好金价的原因，因为美国经济衰退会导致美汇强势)；不过由于近期曾出现美股债汇三杀 的现象，以前的投资常识可能有所改变，因此大家要随时做好两手准备。但以目前情况来看，金 价依然强势。 LSEG Workspace用户可以搜寻CFTC寻找最新数据： | | | COMEX黄金 | | COMEX白银 | | ...

Core Insights - The total trading volume of non-monetary ETFs reached 177.379 billion yuan, with 39 ETFs exceeding 1 billion yuan in trading volume [1] - The Short-term Bond ETF, Policy Financial Bond ETF, and Credit Bond ETF led the market in trading volume, with respective volumes of 8.868 billion, 7.223 billion, and 6.270 billion yuan [1] - The S&P 500 ETF, Benchmark Treasury ETF, and S&P Consumer ETF had the highest turnover rates, at 552.15%, 262.01%, and 239.41% respectively [1][7] - The Short-term Bond ETF's latest share size is 3.88 million, tracking the China Securities Short-term Bond Index, which reflects the overall performance of investment-grade short-term bonds [1][2] - The Policy Financial Bond ETF's latest share size is 4.10 million, closely following the China Bond 7-10 Year Policy Financial Bond Index [2] - The S&P 500 ETF's latest share size is 3.47 million, tracking the S&P 500 Index, which includes 500 leading companies representing about 80% of the available market capitalization [2] Trading Volume Insights - The Short-term Bond ETF saw a trading volume increase of 20.87% compared to the previous trading day, with a turnover rate increase of 21.58% [1] - The Policy Financial Bond ETF's trading volume increased by 5.24% compared to the previous trading day, with a recent average trading volume of 10.957 billion over the last 5 days [2] - The S&P 500 ETF had an average trading volume of 1.395 billion over the last 5 days, indicating significant activity [3] Turnover Rate Insights - The S&P 500 ETF had a turnover rate of 552.15%, indicating high trading activity [7] - The Benchmark Treasury ETF and S&P Consumer ETF had turnover rates of 262.01% and 239.41% respectively, reflecting strong investor interest [7] Sector and Theme Insights - The industry-themed ETFs include the Hang Seng Technology Index ETF, which had a trading volume of 3.959 billion yuan [1] - The recent trading activity in the private enterprise ETF, information technology ETF, and Xinchuang ETF index showed significant volatility, with respective amplitudes of 11.70%, 9.86%, and 9.14% [8][11] - The private enterprise ETF's latest share size is 2.06 million, tracking the Private Enterprise 100 Index, which includes major companies in the power equipment sector [8] Performance Insights - The Short-term Bond ETF experienced a slight decline of 0.01% today, with a 5-day increase of 0.03% and a 20-day increase of 0.17% [1] - The Policy Financial Bond ETF saw a minor increase of 0.02%, with a 5-day increase of 0.23% and a 20-day increase of 0.18% [2] - The S&P 500 ETF increased by 3.22% today, with a 5-day increase of 0.28% and a 20-day increase of 6.81% [3]

经深圳证券交易所确认，根据国联安基金管理有限公司（以下简称"本公司"）与东方证券股份有限公司 （以下简称"东方证券"）签署的申购、赎回业务代理协议，本公司决定自2025年5月26日起增加东方证 券为国联安中证全指证券公司交易型开放式指数证券投资基金（场内简称：证券ETF基金，二级市场交 易代码：159848，一级市场申购、赎回代码：159848）、国联安中证消费50交易型开放式指数证券投资 基金（场内简称：消费ETF基金，二级市场交易代码：159670，一级市场申购、赎回代码：159670）、 国联安创业板科技交易型开放式指数证券投资基金（场内简称：创科技ETF基金，二级市场交易代码： 159777，一级市场申购、赎回代码：159777）、国联安国证ESG300交易型开放式指数证券投资基金 （场内简称：ESG300ETF，二级市场交易代码：159653，一级市场申购、赎回代码：159653）的申购 赎回代办券商。 投资者可通过以下途径咨询有关详情： 1、东方证券股份有限公司： 客户服务电话：95503 网址：www.dfzq.com.cn 2、国联安基金管理有限公司： 客户服务电话：021-38784766， ...

根据《深圳证券交易所证券投资基金业务指引第2号一一流动性服务》等有关规定，自2025年5月21日 起，本公司将下列证券投资基金的主流动性服务商调整为一般流动性服务商： 1、南方中证科创创业50交易型开放式指数证券投资基金(159780)： 广发证券股份有限公司 特此公告。 南方基金管理股份有限公司 2025年5月26日 南方基金管理股份有限公司关于以通讯方式 召开南方浩升稳健优选6个月持有期混合型 基金中基金（FOF）基金份额持有人大会的公告 一、召开会议基本情况 本次大会的权益登记日为2025年5月26日，权益登记日当天下午交易时间结束后，在登记机构登记在册 的本基金全体基金份额持有人均有权参加本次基金份额持有人大会并投票表决（注：权益登记日当天申 请申购的基金份额不享有本次会议表决权，权益登记日当天申请赎回的基金份额享有本次会议表决 权）。 南方基金管理股份有限公司（以下简称"基金管理人"）依据中国证监会2022年8月19日证监许可 [2022]1895号文注册募集的南方浩升稳健优选6个月持有期混合型基金中基金（FOF）（以下简称"本基 金"）于2023年5月18日成立。 根据《中华人民共和国证券投资基金 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 [重要提示] 当发生部分确认时，末日A类基金份额投资者认购费率按照单笔认购申请确认金额所对应的费率计算， 末日认购申请确认金额不受认购最低限额的限制。最终认购申请确认结果以本基金登记机构的计算并确 认的结果为准。 1、前海开源研究驱动混合型证券投资基金（以下简称"本基金"、"基金"）的募集已获中国证监会2025 年5月9日证监许可[2025]1008号文注册。中国证监会对本基金募集的注册，并不表明其对本基金的投资 价值和市场前景做出实质性判断或保证，也不表明投资于本基金没有风险。 2、本基金是契约型开放式证券投资基金。 3、本基金的管理人和登记机构为前海开源基金管理有限公司（以下简称"基金管理人"），基金托管人 为中信证券股份有限公司。 4、本基金募集期为2025年5月26日至2025年6月6日，通过销售机构公开发售。基金管理人可根据认购的 情况适当调整募集时间，并及时公告，但最长不超过法定募集期限。募集期间，基金管理人可根据情况 变更或增减基金销售机构。 5、本基金的发售对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格 境外投资者以 ...

每经记者｜肖芮冬 每经编辑｜叶峰 ｜2025年5月12日星期一｜ NO.1 韩勇离任华泰柏瑞总经理 5月9日晚间，指数大厂华泰柏瑞基金发布了高管变更公告，显示因工作调整，韩勇不再担任总经理。在 总经理空缺期间，暂由董事长贾波代行总经理职务。 此次离任的韩勇是一名非常资深的资管老兵，有着超过30年的证券从业经验。曾任职于君安证券、华夏 证券和中国证监会，2007年7月~2011年9月任华安基金副总经理；2011年底，他加入华泰柏瑞基金，担 任总经理一职超过13年。 据统计，今年4月底开始，易方达、广发、华夏、平安等多家头部基金公司也在频繁调研各大连锁药店 上市公司。 NO.4 国泰基金调整旗下一只ETF最小申购赎回单位 而贾波是一名老"华泰"人了，2001年就加入华泰证券工作，并在2016年底开始担任华泰柏瑞董事长，对 行业和公司的发展有着深刻理解。 NO.2 信达澳亚基金魏庆孔转任首席市场官 5月8日，信达澳亚基金公告，魏庆孔于5月7日离任公司副总经理，转任公司首席市场官。 履历显示，魏庆孔2020年2月加入信达澳银基金（现信达澳亚基金），任首席市场官。2021年11月起， 任信达澳亚基金副总经理，分管公司市 ...

Core Viewpoint - The "Action Plan for Promoting High-Quality Development of Public Funds" is a significant regulatory innovation in China's capital market, aimed at shifting the public fund industry from a "scale-driven" model to a "performance-driven" model, enhancing investor satisfaction and aligning fund managers' interests with those of investors [1] Group 1: Optimizing Evaluation System - The plan requires fund companies to establish a performance evaluation system centered on fund investment returns, incorporating metrics such as fund profitability and the proportion of profitable investors into the assessment of executives and fund managers [2] - By adjusting the evaluation system, the plan aims to guide fund managers and managers to prioritize shareholder returns, thereby improving investor satisfaction and avoiding practices that may harm investor interests [2] Group 2: Emphasizing Performance Benchmarks - The plan highlights the "anchoring" role of performance benchmarks, proposing regulatory guidelines for public fund performance comparison benchmarks and integrating these benchmarks into the performance evaluation of fund managers [3] - This approach is intended to clarify product positioning, reduce style drift, and discourage speculative investment behaviors, ultimately benefiting investors by facilitating risk matching and long-term holding [3] Group 3: Encouraging Equity Product Innovation - The plan promotes innovation in equity products, aiming to create a diverse range of investment tools that align with national development goals and provide long-term benefits to investors [4] - Additionally, the plan supports the development of floating fee rate funds, which will further align the interests of fund managers with those of investors, fostering a positive cycle of returns, capital inflow, and market stability [4]