个人投资者该如何布局人工智能领域？这是我几位亲戚在假期里向我提出的问题。 这个问题眼下尤为值得探讨。人工智能企业 Anthropic 今年可能启动上市，而 OpenAI 也可能紧随其 后。这意味着，散户投资者或将迎来两支罕见的纯人工智能概念股的投资机会。 而在此之前，普通投资者若想投资人工智能头部企业，只能通过私募市场 —— 这一领域长期以来都是 机构投资者与高净值人群的专属地盘。眼下，人工智能领域的私募融资热度依旧不减。就在本周二， xAI 宣布完成 200 亿美元融资，投资方涵盖多家大型机构；而 OpenAI 也在推进一轮规模达 1000 亿美 元的融资计划。 目前，散户投资者的选择其实十分有限：要么投资微软、谷歌这类将人工智能作为核心业务板块的科技 巨头，要么布局 CoreWeave 这类高负债的人工智能数据中心企业 —— 这类标的的投资风险堪称极高。 不过，即便在 Anthropic、OpenAI 等企业正式 IPO 之前，散户直接投资纯人工智能企业的渠道已开始出 现。嘉信理财（Charles Schwab）去年年底收购了私募股权交易平台 Forge Global，该平台允许散户投 资者购买私营企业的 ...

白圭尧的报告解析了四类ETF策略应用场景，体现了ETF作为高效、透明工具在实战中的灵活性与有效 性：以"债券指数+自由现金流指数组合"构成的固收增强组合，为低风险偏好者提供理财替代方案；基 于风险预算模型的红利价值风格组合，实现稳健基础上的收益增强；通过风格轮动模型捕捉大小盘、价 值成长切换的宽基配置机会；以及定期的主题策略跟踪服务，帮助投资者把握产业周期与短期催化。 正启新程——平安基金2026年投资策略会于1月7日举行。自由现金流ETF(159233)基金经理白圭尧在做 《ETF工具化产品的策略应用》的主题报告时介绍了平安基金ETF产品线的战略布局与工具化应用方 案。在2026年"十五五"开局之年，面对宏观政策持续发力、流动性保持充裕的市场环境，白圭尧判断慢 牛行情将延续，科技制造与红利资产将成为两条核心主线，平安基金完善的ETF工具箱成为投资者进行 资产配置的重要依托。 白圭尧表示，平安基金已建立起覆盖宽基、行业主题、策略指数、债券、境外及指数增强六大产品线的 ETF矩阵，并创下多个行业首例创新，如国内首只人工智能主题ETF、首只新能源汽车ETF等。产品线 不仅覆盖中证A50、沪深300等核心宽基，更深 ...

在ETF赛道，平安基金则展现出强大的创新基因，产品线覆盖宽基、行业主题、债券、策略、境外指数 及指数增强六大类，并创下国内多个"首只"产品纪录，如首只新能源汽车主题ETF、首只人工智能主题 ETF等，为投资者提供了高效、透明的市场工具。 此外，平安基金还创新性地推出"FOF固收+"产品，通过基金中的基金模式进行二次分散风险，并将资 产配置范围扩展至全球股票、债券、商品等多类资产，策略标签涵盖A50、红利、美股等，实现了更广 泛的多元化。进入2026年，公司更规划推出由权益与固收部门协同管理的"工具型固收+"，聚焦红利、 科技、周期、量化四大清晰赛道，力求在严控回撤基础上增强收益弹性。 平安基金在主动权益和被动指数领域同样布局深远。其中，主动权益产品建立了全市场选股、主题赛 道、指数增强和绝对收益四大系列的三级目录体系，积极把握市场机遇。特别是在港股投资上，公司携 手平安资产管理(香港)，推出了覆盖红利、科技、医药、成长等多策略的产品线，充分利用港股市场估 值洼地和高股息率优势。 正启新程——平安基金2026年投资策略会于1月7日举行。平安基金产品研发部总经理谢娜在做《多团 队、多风格、多策略——平安基金含权公 ...

而平安基金就带有很明显的"老罗风"。 2026年，平安基金迎来成立十五周年。截至2025年底，这家带有鲜明"平安基因"的公募基金管理规模已 逼近9000亿元，累计为客户创造利润800亿元，服务机构客户970家，渠道客户超1.7亿人。 带领这家公司走过十五年的灵魂人物——董事长罗春风，从1993年离开北京机关"下海"加入平安，到参 与筹建基金公司，他的职业生涯与中国资产管理行业共同成长。 来源：小基慢跑 在资产管理行业，一个优秀的领航员能够带领机构穿越市场波动，创造持续回报；而一个不合适的掌舵 人，则可能让巨轮偏离航道甚至触礁沉没。 创业维艰，平安基金的早期岁月 2008年底，罗春风受命参与筹建平安集团旗下的公募基金公司。三年后，平安大华基金（后更名为平安 基金）正式成立，罗春风出任分管市场的副总经理。 创业初期，罗春风回忆道："那时候大家都很年轻，我是年龄比较大的几个人之一，其他大多数同事都 是二十多岁、三十岁出头。大家没有不想干的事，没有不能吃的苦。" 平安集团马明哲董事长用"三碗饭"来打比方指导平安基金制定发展规划："你们今天端着一碗饭在吃， 但同时要把明天和后天那碗饭找到，提前准备和布局。" 这一理念成 ...

本报讯 （记者毛艺融）1月5日，中证指数公司发布中证及上证A股指数2025年度快报。数据显示，截至2025年末，我国全 市场ETF资产净值规模已突破6万亿元，成为全球第二大ETF市场。其中，跟踪沪深300指数产品规模已近1.2万亿元，跟踪中证 A500指数产品规模突破3000亿元。 具体来看，指数供给方面，中证指数公司持续完善指数体系并加快创新步伐。 一是优化宽基指数布局，持续丰富中证宽基衍生策略指数体系，完善了以中证A500为代表的A系列特色宽基指数化投资生 态；发布上证科创板综合指数、上证580指数，完善上证380指数，构建起"上证50、上证180、上证380和上证580"的上证旗舰 宽基指数体系。 二是聚焦国家战略前沿，围绕人工智能、机器人、数字经济等关键领域，发布主题指数超220条。 三是丰富稳健型产品体系，推出多资产及债券类等"低风险、稳收益"特征的指数110余条。 四是深化全球指数布局，与新交所合作发布亚洲精选100等指数，并推出全球算力等26条跨境指数，持续丰富港股通和沪 深港指数系列，支持高水平制度型开放。 产品建设方面，科创债ETF、人工智能主题ETF等创新产品成功发行并获市场认可。指数化投 ...

AI（人工智能）算力概念爆发，通信等主题ETF（交易型开放式指数基金）再度领涨全场ETF。 今年以来，随着算力概念的持续火爆，通信、人工智能等板块表现一直强势。Wind数据显示，截至12月8日，申万一级行业 指数中，通信指数以79.14%的涨幅位居第二。 相关主题ETF顺势成为年内领涨产品，截至12月8日，国泰通信设备ETF、富国通信设备ETF成为年内目前唯二涨幅翻倍的 ETF，分别上涨115.62%和106.11%，国泰基金、南方基金、华宝基金旗下创业板人工智能ETF年内均涨超97%。 除上述热门主题ETF外，含"科"量较高的主题ETF年内涨幅同样居前，包括5G、算力等主题ETF。与此同时，部分主题ETF 被资金持续加码，易方达人工智能ETF年内上涨65.5%，获净流入超70亿元。 行业延续高景气 通信ETF领涨 光模块概念股集体爆发，多股涨超10%，部分刷新历史新高。板块带动下，多只通信、人工智能、5G等主题ETF同步大 涨。数据显示，截至12月8日收盘，富国通信设备ETF上涨5.65%，华安基金、大成基金、国泰基金旗下创业板人工智能ETF 均涨超5%。 | 序号 代码 | | 类型 名称 | 现价 | ...

Group 1: Performance of ETFs - The innovative drug sector showed strong performance on November 12, with multiple related ETFs rising over 2.5% [1][4] - Defensive ETFs, including financial, consumer, large-cap value, and dividend ETFs, also exhibited significant gains [1][7] - The S&P Biotechnology ETF (159502) and NASDAQ Biotechnology ETF (513290) had notable increases, reflecting the positive trend in the overseas pharmaceutical market [4] Group 2: Fund Flows - The Huaan Gold ETF attracted over 1.4 billion yuan in net inflows over two trading days, driven by rising gold prices [3][9] - Consumer and AI-themed ETFs also saw substantial capital inflows, with several products like the Invesco Hang Seng Consumer ETF and Huatai-PineBridge CSI Major Consumer ETF leading in net inflows [9][10] - The financial sector ETFs, including the non-bank financial ETF, also reported significant net inflows, indicating a shift in investor interest [10] Group 3: Industry Insights - The innovative drug sector is expected to continue its growth trajectory, with a reported revenue increase of 1.98% and a net profit growth of 7.25% year-on-year for the third quarter [11] - The CXO sector showed even stronger performance, with revenue growth of 11.18% and net profit growth of 46.46% [11] - The overall outlook for the innovative drug industry remains positive, supported by domestic policy and a favorable global environment for drug development [11]

Market Overview - All three major A-share indices rose last week, with the ChiNext Index increasing over 8% and the Shanghai Composite Index closing at 3950.31 points, marking a ten-year high [1] - Over 1200 out of 1300 ETFs in the market recorded gains, with AI-themed ETFs performing particularly well, as seven ETFs linked to the ChiNext AI Index ranked among the top ten in terms of growth, all rising over 13% [1] AI-Themed ETFs - AI-themed ETFs showed strong performance last week, with all 23 listed AI ETFs recording gains, the lowest being over 7% [2] - The largest AI ETF, with a scale of approximately 241.2 billion yuan, rose over 10% last week, tracking the CSI AI Theme Index, which includes 50 constituent stocks [2] - Major stocks in the index, such as Xinyi Technology and Zhongji Xuchuang, saw significant price increases, with Zhongji Xuchuang rising over 12% [2] Gold ETFs - Defensive ETFs, particularly gold ETFs, attracted significant capital inflow last week, with gold ETFs accounting for half of the top ten ETFs by net inflow [3] - A total of 14 gold ETFs linked to SGE gold saw a combined net inflow exceeding 150 billion yuan, despite all experiencing declines of over 6% [3] Trading Activity - The CSI A500 Index-related ETFs were the most actively traded, with a weekly trading volume exceeding 130 billion yuan, and five products surpassing 10 billion yuan in trading volume [4] - SGE gold ETFs also showed high trading activity, with a trading volume close to 90 billion yuan, although this represented a decrease of about 12.4 billion yuan compared to the previous week [4] Future Investment Trends - The fund manager from E Fund highlighted that sectors such as new energy (solid-state batteries), artificial intelligence, and humanoid robots may drive the technology sector's growth [5] - The manager noted that the industrialization of solid-state batteries is expected to accelerate, while AI applications are expanding into various daily scenarios [5] - Another fund manager emphasized the structural opportunities in A-shares, particularly in humanoid robots and semiconductor chips, as demand and domestic production expectations are anticipated to rise [6]

Market Overview - A-shares saw all three major indices rise last week, with the ChiNext Index increasing over 8%, and the Shanghai Composite Index closing at 3950.31 points, marking a ten-year high [1] - Over 1200 out of 1300 ETFs in the market recorded gains, with artificial intelligence-themed ETFs performing particularly well, as seven ETFs linked to the ChiNext AI Index ranked among the top ten in terms of growth, all exceeding 13% [1] Fund Flows - The overall net inflow into the ETF market exceeded 13 billion yuan last week, with defensive ETFs, particularly gold ETFs, attracting significant capital despite a general decline of over 6% [2] - Gold ETFs accounted for half of the top ten ETFs by net inflow, with some products seeing inflows exceeding 3 billion yuan [2] Artificial Intelligence ETFs - The largest AI ETF (159819) had a scale of approximately 24.12 billion yuan as of October 24, with a weekly increase of over 10% [2] - The index linked to this ETF, the CSI AI Theme Index, includes 50 constituent stocks, with the top three being Xinyi Technology, Zhongji Xuchuang, and Cambricon Technologies, all of which are currently popular stocks [2] Defensive ETFs - Gold ETFs linked to SGE Gold 9999 saw a total net inflow exceeding 15 billion yuan last week, despite all 14 gold ETFs experiencing declines of over 6% [2] - Money market funds and bond funds also attracted significant capital, with the top two products, Yinhua Daily ETF and Huabao Tianyi ETF, seeing net inflows of 9.493 billion yuan and 4.107 billion yuan, respectively [3] Trading Activity - The CSI A500 index-related ETFs had the highest trading activity last week, with a total trading volume exceeding 130 billion yuan, and five products surpassing 10 billion yuan in trading volume [3] - SGE Gold 9999 index-related ETFs also showed high trading activity, with a trading volume close to 90 billion yuan, although this represented a decrease of approximately 12.4 billion yuan compared to the previous week [3][4] Future Trends - Industry experts suggest that sectors such as solid-state batteries, artificial intelligence, and humanoid robots may drive the technology sector's growth [5] - The solid-state battery industry is expected to accelerate its industrialization process, while AI applications are expanding into various daily scenarios [5][6] - The humanoid robot sector is anticipated to focus on flexibility and intelligence, with production timelines becoming clearer as domestic manufacturers commercialize applications [6]

Market Overview - On October 21, the A-share market experienced a rebound, with the Shanghai Composite Index rising by 1.36% and surpassing 3900 points, while the ChiNext Index increased by over 3% [4] - More than 90% of ETFs in the market saw gains, with 1246 ETFs in the green, driven by the release of third-quarter earnings forecasts and ongoing news related to AI hardware and software [4] Leading ETFs - The 5G communication and artificial intelligence themed ETFs led the market, with several ETFs rising over 5% [4] - Notable performers included: - Communication ETF (515880.SH) up 6.76% - 5GETF (159994.SZ) up 6.40% - 5G Communication ETF (515050.SH) up 6.20% - Various ChiNext AI ETFs also saw increases ranging from 5.13% to 5.59% [5] Sector Performance - The communication, electronics, and real estate sectors showed significant gains, contributing to the overall market rebound [4] - The Hong Kong Stock Connect Technology ETF (159262) also performed well, rising by 2.47% with a trading volume exceeding 400 million yuan, and its total size surpassing 5.5 billion yuan since its launch [5][6] Fund Manager Insights - Fund managers from GF Fund highlighted that short-term geopolitical factors may impact technology, but long-term influences are tied to China's economic recovery expectations, potential Fed rate cuts, and the ongoing development of the technology sector [6] - The insurance sector is showing strong performance, with major companies reporting net profit increases exceeding 40%, driven by favorable equity investments [9] Trading Activity - The short-term bond ETF (511360) recorded the highest trading volume at 38.419 billion yuan, leading the market in ETF trading activity [10][11] - The low-fee ChiNext ETF (159952) also saw significant trading, with a volume of over 5 billion yuan and a total size of 14.4 billion yuan [10] Capital Flows - On October 20, significant net inflows were observed in broad-based ETFs, including the SSE 50 ETF (510050) and CSI 300 ETF (510300) [12] - Despite some declines in gold-related ETFs, there was still active capital inflow into several gold ETFs [12]