全国铁路春运发送旅客突破1亿人次 截至2月10日8时，铁路12306（含网站、客户端等）已累计发售春运期间火车票超1.85亿张，10日开始发售2月24日（农历正月初八）车票。2月10日至15 日，徐州、合肥、武汉、南昌、温州至上海，郑州、济南、沈阳至北京，西安至成都，南昌至深圳等区间余票充足；北京至长春，六安、安庆、西安至上 海，上海至南昌，贵阳至广州、成都，西宁至西安，衡阳至深圳，合肥至杭州等区间尚有余票。（央视新闻客户端） 小象、叮咚、盒马、山姆春节期间集体加收配送费，最高为6元 又到春节配送费涨价时。2月10日，叮咚买菜、小象超市、山姆、盒马等即时零售生鲜买菜平台宣布在春节期间将加收运费。大部分平台在春节期间加收3 元服务费，盒马在春节期间任意金额订单均收取6元基础运费。最早实行加收服务费的为山姆，于2月11日开始，其余平台基本在2月14日前后开始实行。 由于春节期间通常会运力紧张，近年来生鲜买菜平台在春节期间一般都会加收服务费。针对这一措施，大部分网友也表示理解，称春节期间工作都是3倍 工资，加收服务费也合情合理。（南都N视频APP·政商数据） 广佛顶流！南都"媒体+"岭南年货节 前五日迎客超20万人 ...

本报记者 周尚伃 今年以来，证券行业资本运作的节奏明显加快。从华安证券拟提升对华富基金的"控制力"，到国联民生向民生证券的定 向"输血"，本轮券商针对子公司的资本动作呈现出两条明确路径：中小券商通过强化控制权以补齐业务牌照短板；头部及处于 整合期的券商则侧重于通过资本注入，撬动业务协同的增量空间。 盘古智库（北京）信息咨询有限公司高级研究员江瀚在接受《证券日报》记者采访时表示，券商在年内密集推进资本运 作，核心驱动力源于全面注册制深化与行业竞争加剧背景下，券商急需通过资本注入提升子公司净资本实力，以满足公募基 金、两融、衍生品等业务的监管门槛和风控要求。更深层次的逻辑在于，强化"母子协同"已成为战略必选项，如华安证券控股 华富基金，意在打通"投研—产品—渠道"闭环，从而提升综合财富管理能力。 强化"母子协同" 在财富管理转型向纵深推进的当下，公募基金牌照成为券商完善资管布局、提升客户服务能力的关键环节。对于中小券商 而言，通过收购或增资实现控股公募基金，是快速获取产品创设能力、优化收入结构的直接方式。 1月份，华安证券发布公告称，拟以2646.16万元增资华富基金，持股比例由49%提升至51%，旨在成为控股股 ...

Core Viewpoint - The article provides an objective ranking of open-end fund net values, highlighting the top-performing and bottom-performing funds without any subjective bias or investment advice [1]. Fund Performance Summary Top 10 Funds by Net Value Growth - The top 10 funds with the highest net value growth over the past 10 days include: 1. 招商体育文化休闲股票C: 2.3610, growth of 5.64% 2. 招商体育文化休闲股票A: 2.4370, growth of 5.64% 3. 东财卓越成长A: 1.8342, growth of 5.42% 4. 东财卓越成长C: 1.8035, growth of 5.42% 5. 华夏中证动漫游戏ETF发起式联接D: 1.7213, growth of 4.96% 6. 华夏中证动漫游戏ETF发起式联接A: 1.7427, growth of 4.96% 7. 华夏中证动漫游戏ETF发起式联接C: 1.7197, growth of 4.96% 8. 国泰中证动漫游戏ETF联接C: 1.7438, growth of 4.93% 9. 国泰中证动漫游戏ETF联接E: 1.7616, growth of 4.93% 10. 国泰中证动漫游戏ETF联接A: 1.7680, growth of 4.93% [2]. Bottom 10 Funds by Net Value Growth - The bottom 10 funds with the lowest net value growth over the past 10 days include: 1. 东财景气驱动A: 1.7003, decline of 3.69% 2. 东财景气驱动C: 1.6791, decline of 3.68% 3. 浙商鼎盈事件驱动混合: 1.5690, decline of 3.21% 4. 平安高端装备混合发起式C: 1.3971, decline of 3.17% 5. 平安高端装备混合发起式A: 1.3991, decline of 3.16% 6. 前海开源沪港深强国产业混合: 1.8074, decline of 3.10% 7. 中邮能源革新混合型发起C: 0.8881, decline of 2.98% 8. 中邮能源革新混合型发起A: 0.9092, decline of 2.98% 9. 中金先进制造混合C: 1.3399, decline of 2.65% 10. 中金先进制造混合A: 1.3592, decline of 2.64% [3]. Market Analysis - The Shanghai Composite Index experienced a slight increase, while the ChiNext Index showed a decline after an initial rise. The total trading volume reached 2.12 trillion, with a ratio of advancing to declining stocks at 2195:3128 [5]. - Leading sectors included media and entertainment, shipbuilding, and comprehensive industries, with gains exceeding 3%. Notable concepts with significant growth included knowledge payment and short drama games, with increases over 4% [5]. Fund Strategy Insights - The fund with the fastest net value growth, 招商体育文化休闲股票C, has a focus on the media industry, with a top ten holding concentration of 41.25% [6]. - Conversely, the fund with the poorest performance, 东财景气驱动A, has a high holding concentration of 66.44% in the defense and aerospace sector, indicating a potential mismatch with market trends [7].

Group 1 - The core point of the article highlights the significant underperformance of the Huabao Nasdaq Select Fund compared to the Nasdaq index, leading to investor dissatisfaction [10][8][40] - The fund's assets have grown to over 11 billion yuan since its establishment in March 2023, but it has a high concentration in a few stocks, which can lead to volatile performance [11][36] - The fund's year-to-date return is -4.79%, ranking 72 out of 78 in its category, indicating it is among the worst performers [13][38][52] Group 2 - The fund's top holdings include Nvidia (9.83%), Li Auto (9.14%), and Google C (8.19%), with a total of 72.76% of the fund's net asset value concentrated in its top ten holdings [2][36][24] - Despite the strong performance of certain sectors like storage, the fund managers have not adjusted their holdings accordingly, missing out on significant market opportunities [6][35] - The fund has invested in several Chinese concept stocks, which have generally underperformed, further dragging down the fund's overall performance [7][20][42] Group 3 - The fund's performance has led to a backlash from investors, particularly those who entered the market in September 2022, facing losses exceeding 10% [41][17] - The fund managers have been criticized for their strategy, particularly for not capitalizing on high-performing stocks in the U.S. market while heavily investing in underperforming Chinese stocks [47][20] - The fund's management has attempted to justify their strategy by emphasizing the potential of emerging technologies, but this has not alleviated investor concerns [49][25]

Group 1: Market Performance - The film sector experienced a significant surge on February 10, with the film ETFs (159855) and (516620) hitting the daily limit up, and the overall film industry index rising by 11.31% [4][6] - Several gaming and media ETFs also saw gains exceeding 4%, indicating strong investor interest in these sectors [4] - In contrast, real estate, satellite, and photovoltaic-related ETFs faced declines, with the real estate ETF dropping by 1.95% and satellite ETFs experiencing losses of up to 1.91% [6][7] Group 2: ETF Trading Activity - The A500 ETF showed active trading, ranking among the top ten ETFs by trading volume, with two A500 ETF products listed [2][8] - On February 9, multiple broad-based ETFs and gold ETFs recorded significant net inflows, with the CSI 500 ETF leading with a net inflow of 23.66 billion [9][10] Group 3: Industry Insights - Fund manager Luo Guoqing highlighted the rapid iteration of domestic video generation models, emphasizing the integration of AI technology in the production of games and films, which is expected to lower creative costs and enhance content innovation efficiency [5] - The current market conditions suggest a favorable outlook for the spring season, with expectations of a new bullish phase driven by policy improvements and ample liquidity [11]

Core Viewpoint - The active equity funds in the A-share market have regained attention as 149 funds reached new net asset value highs, with some achieving over 100% returns in the past year, reflecting a structural market trend [1][3][8]. Fund Performance - As of February 9, 2026, 191 active equity funds recorded new highs in net asset value since inception, including 113 equity mixed funds, 56 flexible allocation funds, 20 active stock funds, and 2 balanced mixed funds [2]. - Excluding funds established for less than one year, 149 active equity funds achieved record highs in net asset value [3]. Investment Styles - The funds that reached new highs exhibit diverse investment styles, with some focusing on concentrated positions in AI-related sectors, leading to high returns but also significant volatility [4][5]. - Conversely, other funds prefer diversified holdings to mitigate risks, with examples showing low concentration in top holdings across various sectors [7]. Sector Preferences - Among the 149 funds, some have concentrated holdings in specific industries, resulting in notable performance when market conditions align. For instance, 7 funds had daily returns exceeding 7%, primarily those heavily invested in AI computing and applications [5][6]. - Funds like Jianxin Flexible Allocation and Huaxia Industry Prosperity have diversified their top holdings across multiple sectors, maintaining lower concentration ratios [7]. Long-term Performance - Several funds have consistently generated excess returns, particularly those heavily invested in the AI sector, with some achieving over 100% returns in the past year [8]. - Notable funds include Red Soil Innovation Emerging Industry A and Huashang Balanced Growth A, which have shown strong long-term performance [9]. Future Outlook - Fund managers express differing investment strategies moving forward. Some focus on the AI industry's expansion, while others emphasize balanced allocations across technology growth and manufacturing recovery [10][11]. - Specific strategies include targeting opportunities in AI applications, undervalued small-cap growth stocks, and the global manufacturing recovery linked to industrial metals [10][11].

公募基金人员变动不停，这次涉及百亿基金经理。2月9日，天弘基金宣布姜晓丽因个人原因离任10只产品的基金经理，并官宣离 职。一度手握超700亿元管理规模的姜晓丽，被业内称为天弘基金的"固收一姐"。对于离职的原因，任职十余年的姜晓丽坦言是想彻 底给自己放个假。值得关注的是，除了姜晓丽，近半年，天弘基金旗下还有多名"舵手"也因个人原因离任，其中不乏加盟公司超十 年的"老将"。有观点认为，对基金公司而言，唯有构建市场化激励机制、平台化投研体系、人性化管理文化三位一体的留人体系， 才能在激烈的人才竞争中保持优势。 天弘基金还提到，公司"固收+"业务采用多基金经理共管模式，依托体系化投研框架进行决策。现任基金经理将继续秉持产品既定的 投资目标与风险收益特征，严格执行原有的投资决策流程与风控标准。投资者持有产品的风险收益特征、投资范围不会发生重大变 化。 回顾机构发展情况，天弘基金是国内较早系统布局"固收+"业务的基金公司。同花顺iFinD数据显示，截至2025年末，天弘基金在管 公募总规模为1.25万亿元，其中货币基金总规模8276.97亿元，非货规模4254.9亿元。从"固收+"规模来看，截至2025年末，天弘基金 旗 ...

Market Overview - The market showed slight fluctuations with large-cap stocks slightly up and small-cap stocks slightly down, indicating low volatility [2][3] - The A-share trading volume has decreased compared to previous days, suggesting a market entering a holiday mode ahead of the Spring Festival [5][4] Holiday Arrangements - The last week before the Spring Festival includes specific arrangements for fund transactions, with the last opportunity to invest in stocks and bond funds being before Friday at 3 PM [10][11] - Fund transactions will pause during the holiday, resuming on February 24 [9][10] Investment Strategies - The investment strategy for the week includes a pause in regular investments for the index-enhanced and actively selected advisory combinations, with a focus on holding positions until they return to undervalued status [20] - The monthly investment strategy includes a focus on dividend-style stocks, with some currently undervalued [20] Performance and Valuation - Certain indices, particularly small-cap indices, have reached high valuation levels, presenting opportunities for profit-taking [25] - Specific profit-taking actions have been executed on holdings in the 中证1000 index, with returns ranging from approximately 71% to 79% on different dates [27][30] Fund Performance Metrics - The 中证红利低波动 fund has a yield of 12.03% with a price-to-earnings ratio of 8.31, indicating a favorable investment environment [35] - The 中证500 low volatility fund has shown a yield of 30.36% with a price-to-earnings ratio of 1.89, suggesting it is a viable investment option [35]

Core Viewpoint - The resignation of Jiang Xiaoli from Tianhong Fund's management of multiple public funds is primarily due to personal reasons, including a desire for a break and to focus on family [1][2] Group 1: Fund Management Changes - Jiang Xiaoli managed a total of 41 funds, with 10 products under her management before her departure, totaling over 35 billion yuan in assets [2] - Following her resignation, Tianhong Fund has appointed Du Guang and Zhang Yu to co-manage Tianhong Yongli Bond Fund, while Zhang Yu will manage Tianhong Enhanced Return Fund alone [5][6] Group 2: Performance and Strategy - Jiang Xiaoli emphasized an investment philosophy focused on absolute returns and asset preservation, adapting investment frameworks to changing political and economic landscapes [5] - Under her management, Tianhong Yongli Bond Fund achieved a cumulative return of 167.12% over nearly 18 years, surpassing its benchmark by 60.85% [5] Group 3: Industry Trends - The trend of fund manager resignations is increasing, with 484 managers leaving the industry in 2025, resulting in an 11.76% turnover rate, higher than previous years [6] - As of the end of 2025, Tianhong Fund managed a total of 1.33 trillion yuan in public funds, with significant portions in money market funds and bond funds [6]

具体投资方向上，张勋表示，AI基础设施领域关注算力、存储、AIDC等；AI应用领域刚刚起步，可关 注AI端侧、具身智能、AI编程、AI搜索等进展。 中证报中证网讯(记者王宇露)2月10日，鹏扬基金总经理助理、权益研究总监张勋在中国证券报"中证点 金汇"直播间表示，科技投资分为"0-1阶段"、"1-10阶段"、"10-N阶段"，当前，AI投资还处于较早期阶 段。国内外发展节奏也很不一样，国外目前处于上半场，即基础设施建设的"1-10阶段"，而国内刚刚完 成"0-1阶段"，AI投资的下半场还未开始，值得期待。 ...