7月22日，京北方连续4个交易日下跌，区间累计跌幅-2.60%。京北方信息技术股份有限公司[股票代码:002987]作为金融科技服务领域的领航者,旨在为客户 提供全方位、高质量的软件与信息技术解决方案及卓越服务,助力客户全面数字化转型。 财报显示，景顺长城基金旗下景顺长城品质长青混合A进入京北方前十大股东，且为今年二季度新进。今年以来收益率30.35%，同类排名356(总4491)。 景顺长城品质长青混合A基金经理为农冰立。 简历显示，农冰立先生:硕士研究生,曾任泰达宏利基金研究部研究员,天风证券研究所电子行业首席分析师,工银瑞信基金研究部分析师、基金经理。2022年 10月加入景顺长城基金管理有限公司,2023年7月起担任股票投资部基金经理。2020年6月11日至2022年9月30日担任工银瑞信新增益混合型证券投资基金基金 经理。曾任工银瑞信智能制造股票型证券投资基金基金经理。2023年7月6日担任景顺长城品质长青混合型证券投资基金基金经理。2024年8月24日担任景顺 长城北交所精选两年定期开放混合型证券投资基金基金经理。 | ○ 基金经理：农冰立 | | | | | | | | | | --- | -- ...

今年以来，随着A股结构性行情持续演绎，主动权益基金的业绩逐步回暖，但业绩分化依旧突出。 以次新基金为例，21世纪经济报道记者通过统计的数据显示，截至7月14日，在今年内成立且存续满3个 月的150只主动权益基金（不同份额分开计算）中，景顺长城新兴产业仅用3个多月时间就斩获了超18% 的回报率，而早半个月成立的德邦高端装备已浮亏了近18%。 整体上，目前，八成次新基金自成立以来回报率为正；而成立后，净值跌幅超过3%的次新基金占比约 为9%。 受访人士向记者指出，重仓行业、建仓时点都有可能影响次新基金当前的业绩表现。归根究底，不同基 金经理对宏观形势、微观行业的理解存在差异，继而导致主动权益基金的赚钱水平参差不齐。 分化 今年上半年，不少次新主动权益基金抓住了A股结构性机会。 其中，一些表现较好的次新基金（剔除C份额基金，下同），在成立5个月后，就赚取了超过35%的回报 率，也有基金用3个多月的时间赢得了15%的回报率。 具体来看，据统计，截至7月14日，景顺长城医疗产业A、景顺长城新兴产业A、永赢锐见进取A、恒生 前海港股通价值A、华泰柏瑞红利精选A、西部利得均衡优选A自成立以来的回报率分别为37.51%、 1 ...

Group 1 - The core viewpoint is that public funds, both new and old, are accelerating their layout in the A-share market, driven by a growing profit effect and increasing average positions in equity mixed funds reaching 84% [1][2] - New equity funds launched between March 10 and June 10 have shown a rapid pace of building positions, with several newly established active equity products achieving good returns shortly after their inception [1][2] - The average position of public equity mixed funds has increased by 0.26 percentage points to 84.02% as of June 6, indicating a rising trend in investment [2] Group 2 - Structural opportunities are identified in four main areas: assets that hedge against overseas disturbances such as gold and military industries, advancements in domestic AI models, new consumption and innovative pharmaceuticals with high certainty, and cyclical and manufacturing sectors like chemicals and automobiles with price increase expectations [3]

Core Viewpoint - The A-share market in April experienced significant fluctuations, leading to a "golden pit" bottoming out, with a notable influx of funds into equity funds, particularly FOF funds, which have gained popularity due to their "dumbbell" configuration advantage [1][2]. Fund Issuance Summary - In April, 119 new funds raised a total of 901.56 million units, with equity funds accounting for 435.53 million units, representing 48.31% of the total issuance [2][5]. - Passive index funds contributed nearly 60% of the total, with individual products from Huaxia and E Fund each raising over 40 million units, highlighting strong market interest in the sci-tech sector [2][6]. - Fixed income products maintained a steady issuance pace, with 20 bond funds raising 337.97 million units, making up 37.5% of the total, and long-term pure bond funds comprising 68% of this category [2]. FOF Fund Performance - Four newly launched mixed FOF funds raised a total of 88.84 million units, accounting for nearly 10% of the total for the month, with an average size of 22.21 million units, significantly above the industry average [3]. - The popularity of FOF funds is attributed to a shift in wealth management strategies among residents from single products to diversified portfolios, aligning with the current market demand for stable growth [3]. Innovative Products - April saw the emergence of several innovative products, including a new REIT focused on rental housing, which successfully raised 500 million units, indicating a deepening of public REITs in the livelihood sector [4]. - The introduction of cross-border index products and thematic funds focused on sectors like sci-tech and artificial intelligence reflects a trend towards precise investment strategies in a volatile market [4]. Head Effect in Fund Issuance - The top 20 equity funds accounted for 73% of the total issuance, significantly higher than the industry average, indicating a strengthening head effect in the market [5]. - Investors are increasingly favoring established products with clear investment frameworks, leading to a concentration of resources among high-quality managers [5][6].

随着市场行情回暖，主动权益基金再次成为市场关注焦点。 截至3月20日，全市场新发主动权益基金数量达到17只，以科技创新相关主题产品居多，与当前行情主线有较 高契合度。但券商中国记者发现，基金公司依然对基金发行持有担忧心理。出于对募集失败等情况的警惕，不 仅中小公募，广发、汇添富等头部公募旗下的基金大多采取了发起式方式。此外，不少基金公司还派出了高管 乃至知名基金经理。个别基金募集了逾10亿元的规模，但个别即便有知名基金经理挂帅，募集规模差强人意。 业内分析认为，主动权益基金的投资能力是公募基金业的核心竞争力，年内以来科技行情在一定程度上提升了 市场人气，但仍需给主动权益基金多一些时间。随着时间推进，年内主动权益基金的业绩，有望形成持续示范 效应。 新发基金契合科技主题 截至3月20日，全市场一共有10只主动权益基金处于首次发行中。从投资方向来看，新发基金以科技创新相关 行业居多，包括太平科技先锋混合、德邦新兴产业混合、富达创新驱动混合、景顺长城新兴产业混合等。此 外，也有部分基金聚焦的是特定主题，尤其是央企和红利。 以融通央企精选混合为例，该基金投资聚焦的是中央企业控股上市公司、央企实际控制上市公司及央企参股 ...