统计显示，截至今年9月22日，广发同远回报A成立以来累计回报6.15%，区间最大回撤2.65%。结合定 期报告及基金净值走势发现，在6个月的建仓期间，基金经理通过多维度的预判和合理配置，实现了风 险与收益的均衡。 基金成立初期，冯汉杰基于市场核心矛盾尚未化解的判断，以较低的股票仓位配置规避了一季度末、二 季度初的回调风险。建仓过程中，冯汉杰以合理的资产配比、行业配置，较好地平衡了组合的攻守特 性。广发同远回报的基金中报显示，基金以A股配置为主，兼顾港股投资机会，港股持仓市值占股票投 资市值比例的26.56%；行业方面，重点配置有色金属（尤其是黄金股），还配置了消费、公用事业等 估值较低、确定性较高的板块。 对于A股未来的走势，冯汉杰认为，短期市场呈现明显的资金面驱动特征，中期来看，结构快速轮动的 格局可能还会持续。在组合管理上，他认为可维持中等至中等偏高仓位，并将继续沿用自下而上的思路 在多个行业中寻找机会。 中证报中证网讯（王珞）今年9月以来，A股市场波动有所加大，结构分化日趋明显。对此，业内人士 指出，行情阶段性回调常伴随明显波动，单一赛道难以贯穿全程，板块轮动往往是其显著特征，对普通 投资者来说，借助风 ...

Group 1 - The A-share market has shown resilience in the second quarter, with the Shanghai Composite Index rebounding 9.2% from its low of 3040.69 points on April 7 to 3381.58 points by June 23 [1] - There is significant performance differentiation among newly established funds, with a gap exceeding 46 percentage points due to varying investment strategies and timing of market entry [2][3] - The healthcare sector, particularly innovative drugs, has been a key driver of fund performance, with some funds achieving returns over 20% despite market volatility [3] Group 2 - The second quarter has seen a notable increase in the issuance of equity funds, with over half of the 247 newly established products raising funds in less than 15 days, indicating a rush to capitalize on market opportunities [5] - The market is currently characterized by both opportunities and risks, with sectors like AI, humanoid robots, and innovative drugs showing high local interest, although some companies may still face valuation challenges [6][8] - The overall valuation of the A-share market remains historically low, supported by a dual easing monetary and fiscal policy environment, while uncertainties from global trade tensions pose risks [8]