中邮基金是业内较早涉足"固收+"的基金公司之一，如今"固收+"已成为该公司战略版图中的重要支柱 在中国公募基金业"固收+"市场快速发展的过程中，哪家公司表现优异？ 为了探寻企业界、金融界破局引路的标杆力量，"见未来·2025第八届金禧奖年度评选"如期而至。自标点财经研究院联合《投资时报》、投资时间网于 2018年首次举办"见未来"系列论坛以来，至2025年，"见未来"系列活动及金禧奖年度评选已进入第八届。据了解，"金禧奖"由标点财经研究院等第三方研 究机构对数千家企业大数据展开分析、比较后，客观评选出各领域最具竞争力的企业和机构，形成候选综合排名榜单，再经媒体记者、研究员团队集体调 研，由评审组最终审核确定。 2025年，"固收+"基金在复杂多变的市场环境中规模显著扩张，产品策略持续精细化与多元化，从依赖个人经验转向系统化、工业化流程，出现量化增 强、红利策略等多元类型。 同时，业绩整体向好，超95%"固收+"基金年内正收益。股强债波动的格局下，不同策略产品收益差距拉大，高弹性产品凭借高股票、可转债仓位领跑。 驱动因素包括政策与需求双驱动。《推动公募基金高质量发展行动方案》明确支持含权中低波动型产品，同时，低 ...

近年来，睿远基金借助科技力量，不断增强线上服务能力，并通过对睿远基金APP的持续完善，为投资者提供更为便捷贴心的服务。 据了解，睿远基金APP是由睿远基金推出的一站式投资服务平台，自2018年10月上线以来，每年都结合投资者的投资理财需求进行多次迭代升级，并积极 拥抱鸿蒙生态，持续优化投资者体验。 投资时间网、标点财经研究员 陈亭 为了探寻企业界、金融界破局引路的标杆力量，"见未来·2025第八届金禧奖年度评选"如期而至。自标点财经研究院联合《投资时报》、投资时间网于 2018年首次举办"见未来"系列论坛以来，至2025年，"见未来"系列活动及金禧奖年度评选已进入第八届。据了解，"金禧奖"由标点财经研究院等第三方研 究机构对数千家企业大数据展开分析、比较后，客观评选出各领域最具竞争力的企业和机构，形成候选综合排名榜单，再经媒体记者、研究员团队集体调 研，由评审组最终审核确定。 多年来，诸多优秀企业与金融机构在活动中获得了表彰和肯定，极大地提升了企业的品牌价值和市场影响力。 经过数轮激烈的竞争与细致的遴选，最终，睿远基金管理有限公司脱颖而出，斩获"2025卓越金融科技公司"殊荣。 基金公司如何为投资者提供更为多 ...

Group 1 - The core viewpoint of the articles highlights the proactive positioning of Changcheng Fund in capitalizing on the new productivity development dividends, with a focus on high-quality growth in the fund industry by 2025 [1][2] - The fund industry is shifting from a "scale-oriented" approach to one that emphasizes "returns," driven by policy changes such as the implementation of a floating management fee mechanism linked to performance and long-term assessments [1] - The ETF market is experiencing explosive growth, with expansions in bond, cross-border, and niche theme ETFs, as well as the introduction of multi-asset ETF pilots to meet diverse investor needs [1] Group 2 - Changcheng Fund Management Co., Ltd. won the "2025 Fund Company Innovation Award," reflecting its successful efforts in enhancing its technology investment product line to provide efficient tools for investors in the Sci-Tech Innovation Board [2] - The company has developed a platform-based, team-oriented, multi-strategy investment research model, promoting long-term, value, and responsible investment philosophies while fostering a culture of simplicity, efficiency, and happiness within its team [2] - The investment team at Changcheng Fund is designed to leverage individual strengths and accommodate diverse investment styles, thereby enabling investors to share in the growth of China's technology industry [2]

Group 1 - The A500ETF E Fund (159361) has shown strong market performance, with the index reaching above 4100 points and a trading volume of 5.56 billion yuan on January 9, 2026 [1] - Over the past 21 trading days, the A500ETF has attracted a total of 9.347 billion yuan in investments, indicating high market interest and liquidity [1] - The A500ETF closely tracks the CSI A500 Index, which consists of 500 securities selected for their large market capitalization and good liquidity, reflecting the overall performance of representative companies across various industries [1] Group 2 - Foreign institutions express strong confidence in China's economic resilience and market potential, with Goldman Sachs predicting a 20% increase in the MSCI China Index and a 12% increase in the CSI 300 Index by 2026 [2] - UBS forecasts a 14% or higher earnings growth for the MSCI China Index in 2026, driven by sectors such as internet platforms, high-end manufacturing, and companies with global expansion capabilities [2] - Standard Chartered Bank maintains an overweight position on Chinese stocks, anticipating that targeted policy stimulus and strong earnings growth related to artificial intelligence will provide robust support for the Chinese economy [2]

合伙人信息３ ① ● | 序号 | | | 合伙人名称 | 出资比例 ⇒ | | --- | --- | --- | --- | --- | | | | 诚通 | 诚通科创投资基金（北京）合伙企业(有限合伙) | | | 1 | + | 科创 | 私募基金 | | | | | 現南 | 浙江星南股权投资有限公司 | | | 2 | + | 股权 | 国有企业 | | | | | 诚通 | 诚通科创私募基金管理（北京）有限公司 | | | | | 科创 | 央企子公司 私募基金管理人 | | | 3 | - | | | | | | 级 | + | 中国诚通控股集团有限公司 | 100% | | | 股 东 | | | | 企查查APP显示，近日，诚通创新创业投资基金（嘉兴）合伙企业（有限合伙）成立，出资额10亿元，经营范围包含：创业投资（限投资未上市企业）；股 权投资。企查查股权穿透显示，该企业由中国诚通控股集团有限公司全资子公司诚通科创私募基金管理（北京）有限公司等共同出资。 | 「日本語 RO | 全国企业信用查询 | 诚通创新创业投资基金（嘉兴）合伙企业（有β ◎ | 查一下 | | --- | --- ...

文|吴理想 来源|财富独角兽 2025年公募基金排名落幕，在冠军基金创造近年最优成绩的同时，年度负受益的基金就显得格外刺眼，这其中也不乏明星基金经理所管理的产品，例如交 银基金的消费一哥韩威俊，因为微信昵称是海豹，所以他在团队内部被尊称为豹哥。 但在刚刚过去的2025年，韩威俊所管的全部6只基金都录得负收益，其中同类排名相对最低的是交银内需增长一年持有混合，这也是他从产品成立就开始 管理的一只产品；但是从2021年开始的连续五年内，该基金竟然没有一年取得正收益，其中同类排名最低的就是2025年，其最终在大约4400只基金中排在 倒数五十名之列。 01 因此，该基金最新的净值大约0.6127元，产品浮亏约40%。 重仓股年度最高涨幅不到41% 韩威俊放弃药明康德暴露短板？ 从该基金的三季报十大重仓股来看，无一例外在2025年涨幅都较为有限，其中表现最好的是当时排在重仓股第七位的农夫山泉，该股涨幅约为41%，也是 从去年二季度开始重仓的标的，但三季度末该标的的占比仅仅约5%。 先看老三剑客，相对业绩最好的是何帅，不过在他在管的四只基金中，2025年业绩最好的一只成绩大约在43%，在同类基金中排在大约1300名的位 ...

过去一年，债券ETF市场迎来显著扩容，总规模突破8000亿元，规模与品类同步抬升，成为ETF体系中变化 最为集中的板块之一。 从结构上看，年内债券ETF的增量主要来自基准做市信用债ETF与科创债ETF两大方向。相关产品均为年内首 次上市的新品类，在较短时间内实现规模积累，不仅带动债券ETF整体体量快速提升，也进一步丰富了信用债 领域的指数化投资工具供给。 在业内人士看来，债券ETF的持续扩容，反映出债券投资正加快向更加透明、高效的指数化路径演进。伴随交 易机制优化和产品体系完善，债券ETF在中长期资金配置中的作用正逐步凸显，其在资产配置体系中的定位亦 有望进一步提升。 新品类集中放量，债券ETF规模突破8000亿元 截至2025年12月31日，全市场债券ETF总规模达8290.24亿元，较年初增长6550.51亿元，增幅位居各类ETF之 首，成为2025年扩容最为显著的ETF品种之一。 沪上一位基金评价人士指出，从投资属性看，相较于传统债券基金，债券ETF在交易机制、透明度以及组合稳 定性等方面具备一定优势。 一方面，ETF产品依托交易所上市交易，流动性相对更为可控，投资者可根据市场情况灵活进行申赎和调仓； ...

Group 1 - The core viewpoint of the news is that the FOF (Fund of Funds) market has experienced a significant resurgence, marked by a strong start in 2026 with rapid fundraising activities, contrasting sharply with previous years of stagnation [2][3] - The first FOF product of 2026, Wanjiatai Stable Three-Month Holding (FOF), completed its fundraising in just one day, followed by another FOF from GF Fund, which ended its fundraising in two trading days [2] - The FOF market has evolved over eight years since the first public FOF was approved in 2017, reaching a peak in 2021 before entering a three-year adjustment period due to various challenges [3][6] Group 2 - The FOF market faced significant challenges from 2021 to 2024, including underperformance, high fees, and a decline in market size, which fell to 1,331.50 billion yuan by December 2024, a drop of over 40% from its peak [6][9] - In 2025, the FOF market rebounded, with the total scale reaching 2,383.76 billion yuan by the end of the year, marking a 79.03% increase from the previous year [6][7] - The number of newly established FOFs in 2025 was 88, with a total issuance of 785.81 million shares, significantly surpassing the figures from previous years [7] Group 3 - The competitive landscape of the FOF market has shifted, with over 80 institutions now managing public FOFs, and six managers exceeding 10 billion yuan in management scale [9][10] - E Fund leads the industry with a management scale of 221.22 billion yuan, followed by Xingzheng Global Fund at 182.17 billion yuan, indicating a clear gap in leadership [9][10] - The performance of FOF products in 2025 showed a wide disparity, with an average return of 11.83%, but the top products significantly outperformed the lower-tier ones, with the best return exceeding 60 percentage points compared to the worst [11][12] Group 4 - The FOF market is undergoing a transformation towards diversified asset allocation, moving beyond traditional A-shares and bonds to include Hong Kong stocks, commodity futures, and public REITs [13] - In 2025, 38 FOF funds entered liquidation, a significant increase compared to previous years, primarily due to low asset scales leading to operational cost pressures [13][14] - The trend of "survival of the fittest" continues, with a high percentage of newly established FOFs failing to meet minimum asset thresholds, indicating ongoing challenges for smaller institutions [14]

Core Viewpoint - The article highlights the phenomenon in the public fund industry where many products labeled as "mixed" are actually heavily invested in a single sector, leading to significant losses for investors [2][3]. Group 1: Fund Performance - The fund named Dongfang Alpha Zhaoyang Mixed A, established on March 17, 2021, has a current unit net value of only 0.4603 yuan, indicating a loss of over 50% from its initial value of 1 yuan [4][5]. - Over the past year, despite a significant market rise, the fund recorded a return of -10.4%, and its performance over three years has been stagnant [6][7]. - The long-term decline in net value has resulted in substantial psychological burdens for investors, as their capital has effectively halved [8]. Group 2: Investment Strategy - The fund manager has focused on the growth of China's high-end manufacturing, particularly in the military industry, leading to a concentrated investment in stocks from the aerospace and military sectors [9]. - This strategy reflects a typical "track investment" logic, where the fund manager bets on the growth potential of the military sector, hoping to achieve excess returns through industry cycles [9][10]. - However, this concentrated approach has not yielded the expected returns, as the fund's net value has consistently declined since its inception [9]. Group 3: Investor Behavior - Despite the fund's poor performance, there has not been a significant outflow of shares, with the fund maintaining 5.85 billion shares at the end of Q3 2025, down from 6.35 billion at the beginning of the quarter [11]. - This stability in shareholding may be due to various factors, including investors' reluctance to realize losses, high expectations for the military sector, or a misunderstanding of the fund's thematic characteristics [12][13]. - The lack of significant share redemption does not indicate reduced risk; rather, it may suggest that some investors are inadvertently increasing their risk exposure [13].

Core Viewpoint - The 20th Private Equity Development Forum will be held on January 8, 2026, focusing on high-quality development paths for China's private equity industry, with discussions on AI-enabled investment paradigms, equity market opportunities, and the value of CTA strategy allocation [1]. Group 1: Market Outlook - Both stocks and gold are expected to continue rising in 2026, driven by liquidity and fundamentals. The liquidity factor is particularly emphasized for 2025 due to changes in IPO restrictions and new regulations on share reductions impacting A-share funding [5][7]. - Historical trends indicate that A-shares transition from bear to bull markets are often accompanied by turning points in monetary growth, with significant shifts noted in 2008, 2018, and the latter half of 2024 [5][7]. Group 2: Economic Indicators - The expectation for 2026 is a potential economic bottoming out, which could lead to increased investor optimism and willingness to invest, creating a resonance with fundamentals [9]. - The real estate market is crucial for domestic economic stability, with indicators suggesting a potential bottoming out in 2026, supported by demographic trends in newborns and marriage registrations [10][15]. Group 3: Investment Strategies - The battery and energy storage sectors are identified as key investment themes for 2026, with expectations of long-term growth driven by rising electricity demand and climate change factors [18][19]. - Gold is viewed as a strong investment due to its anti-inflation properties and demand outpacing supply, with central banks increasing their gold purchases significantly in recent years [21][22]. Group 4: Market Dynamics - The A-share market has seen continuous inflows from personal investors, insurance funds, and private equity, despite a high supply of stocks, indicating a robust demand environment [7][8]. - The Hong Kong stock market is not expected to outperform the A-share market due to liquidity being drawn away by IPOs and valuation comparisons showing no significant advantage [20]. Group 5: Gold Market Insights - The gold market is anticipated to remain bullish, with a strong correlation to global economic conditions and monetary policy, particularly with expected interest rate cuts from the Federal Reserve in 2026 [24][25].