2月27日，中国证券投资基金业协会发布最新数据显示，截至2026年1月底，我国境内公募基金管理机构 共165家，其中基金管理公司150家，取得公募资格的资产管理机构15家。以上机构管理的公募基金资产 净值合计37.77万亿元，较2025年末的37.71万亿元增长0.06万亿元，连续3个月站稳37万亿元关口。 从公募基金数量来看，相较于2025年末，除了货币市场基金外，其余类型基金数量保持增长。权益类基 金新增数量居前，股票基金和混合基金分别新增52只、33只；债券基金、FOF、QDII基金分别新增9 只、7只和2只。 在受访人士看来，这与公募机构对春节后权益市场行情的判断与展望密切相关。前海开源基金首席经济 学家、基金经理杨德龙对《证券日报》记者表示："展望马年，A股与港股仍蕴含较多投资机会。从历 史规律看，A股素有'春季攻势'的季节性特征，春节后市场有望开启新一轮上涨行情。目前来看，春节 后不仅科技股表现亮眼，更多板块也呈现出明显的轮动迹象，预示着马年市场机会较多、赚钱效应有望 增强。'一年之计在于春'，此时是比较好的布局窗口。" "A股市场有望企稳回升，市场具备多方面积极因素。"长城基金高级宏观策略研究员 ...

北京商报讯（记者 李海媛）2月27日，中基协发布2026年1月公募基金市场数据。数据显示，截至2026年 1月底，我国境内公募基金管理机构共165家，其中基金管理公司150家，取得公募资格的资产管理机构 15家。以上机构管理的公募基金资产净值合计37.77万亿元，再创历史新高。 具体来看，FOF、QDII基金、混合基金、货基的最新规模依次为2811.78亿元、1.03万亿元、4.01万亿 元、15.27万亿元，环比增长15.05%、4.58%、8.98%、1.58%。同期，股票基金、债基的最新规模为5.71 万亿元、10.53万亿元，环比减少5.68%、3.71%。 | 类别 | 基金数量(只) | 份额(亿份) | 净值(亿元) | 基金数量(只) | 份纂(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2026/1/31) | (2026/1/31) | (2026/1/31) | (2025/12/31) | (2025/12/31) | (2025/12/31) | | 股票基金 | 3.494 | 39.194.86 ...

【公募总规模升至37.77万亿 连续十个月创下历史新高】智通财经2月27日电，中基协最新发布的公募基 金市场数据显示，截至2026年1月底，我国公募总规模达37.77万亿元，已连续十个月创下历史新高。分 类型来看，2026年1月混合型基金规模增长超3300亿元，货币型基金规模增长超2300亿元，其他基金规 模增长近2000亿元。债券基金的规模在当月下降超4000亿元，股票基金规模则下降超3400亿元。（智通 财经记者 李迪） 转自：智通财经 ...

Group 1 - The total scale of fixed-term deposits maturing in 2026 is estimated to be around 50 trillion, with most maturing in the first two quarters of 2026 [2] - Current deposit interest rates are relatively low, mostly around 1% compared to 2021-2022, leading to a low risk appetite for deposit funds [2] - A few hundred billion to a trillion level of funds may flow into the stock market, which is beneficial but not significantly large [3] Group 2 - Investment in financial products or funds is primarily focused on "fixed income +" strategies, with bonds as the main component and stocks as a supplementary part [4] - The stock portion of these strategies tends to focus on low volatility and low dividend stocks, which could benefit dividend indices [4] - The market size for "fixed income +" strategies is expected to grow rapidly in 2026 [4]

(2) 股票基金 文 | 银行螺丝钉 （转载请注明出处） 如果整个假期里，港股美股最终波动不 大，那假期结束后A股受影响也会变小。 (同学的SHE) 风险提示 本文仅为信息分享，不构成任何投资建议。市场有风险，投资需谨慎 。 基金投资组合策略过往业绩并不预示其未来表现 为其他客户创造的收益并不构成业绩表现的保证 ▼点击阅读原 文，免费学习大额家庭资产配置课程 假期里A股不开盘,股票基金也不会更新 浄值。 不过,可以通过观察港股、美股等市场 指数的涨跌情况,来大致判断假期里 的A股涨跌幅。 海外市场有追踪 A50指数的指数基金、 股指期货、股指期权等。观察它们，就 可以大概判断出A股市场假期里的涨跌。 如果整个假期里，港股美股都是大涨, 那收益也不会丢失。假期结束后,A股会 大概率补涨，在节后第一个交易日体现 出来。 ...

Core Viewpoint - The narrative shift in the market is driven by Trump's "affordability" politics, which is reallocating funds from "Wall Street elites" to "ordinary people," leading to a rise in small-cap value stocks while tech giants face pressure [1][3]. Group 1: Economic Policies and Market Impact - Trump's administration plans to reduce certain tariffs, which have exacerbated the "affordability crisis" for American consumers and complicated cost calculations for businesses [2][3]. - The affordability crisis is causing a change in market narrative, with small-cap value stocks gaining traction and the narrative around artificial intelligence shifting from "awe" to "poverty," resulting in increased related debt [3]. Group 2: International Market Dynamics - According to a report by EPFR Global, international developed markets, including Europe and Japan, have attracted $104 billion this year, significantly surpassing the $25 billion inflow into U.S. funds, indicating a shift in investor focus [3]. - The U.S. trade policy is creating a "new world order," prompting investors to exchange U.S. assets for international ones, suggesting a transition from U.S. exceptionalism to global rebalancing [3]. Group 3: Stock Market Trends - Despite tax cuts, the S&P 500 index has lagged behind international peers, with the dollar index dropping over 10% since the end of 2024 [4]. - The current market environment is characterized by significant volatility due to the "AI disruption" affecting various sectors, including software services and logistics [4]. - The upcoming leaders in the market are expected to be emerging markets and small-cap stocks as U.S. exceptionalism gives way to global rebalancing [4]. Group 4: Investment Opportunities - After a period of intense selling, the valuation of internet companies is becoming increasingly attractive, suggesting potential investment opportunities as the market returns to a more rational pricing logic [5].

中国基金业协会最新发布的数据显示，截至2025年12月底，我国境内公募基金资产净值合计37.71万亿元。 | 崇別 | 基金数量(只) | 份额(亿份) | 净值(亿元) | 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2025/12/31) | (2025/12/31) | (2025/12/31) | (2025/11/30) | (2025/11/30) | (2025/11/30) | | 股票基金 | 3,442 | 39,527.06 | 60,525.58 | 3.371 | 38,210. 97 | 57.982.89 | | 债券基金 | 3,884 | 91.493.63 | 109,361.39 | 3.858 | 88,657.06 | 105,240. 51 | | 货币市场基金 | 358 | 150.331. 15 | 150,339.66 | 362 | 151.859.24 | 151,876.09 | | 混合基金 | 4,836 | 25,527.43 | 36, ...

Group 1 - The core viewpoint of the article emphasizes the importance of planning year-end bonuses based on the time frame of fund usage, suggesting different investment strategies for short-term and long-term funds [3][32] - For short-term funds, it is recommended to consider investing in short-term bond funds, while for long-term funds, a stock-bond allocation based on the formula "100 - age" is advised [3][32] - The article highlights that bond funds have a more stable return and lower volatility compared to stock funds, making them a relatively safer investment option [4][27] Group 2 - Bond assets can be classified based on duration and type, with short-term bonds being less risky and long-term bonds offering higher returns but with increased risk [7][9][14] - The article discusses the impact of interest rates on bond prices, noting that bond prices are inversely related to interest rate movements, particularly focusing on the 10-year government bond yield [15][23] - As of early February 2026, the 10-year government bond yield is projected to be between 1.8% and 1.9%, indicating that long-term bond funds may not offer attractive value at this yield level [23] Group 3 - The article suggests that current market conditions, characterized by a 3-star rating, may warrant a transition to bond assets until the market improves to a 4-5 star rating [37][40] - It introduces the concept of "Fixed Income Plus" (固收+), which combines low-risk bond assets with a small proportion of stocks or convertible bonds to enhance returns while managing risk [42][44] - The characteristics of "Fixed Income Plus" products include reduced volatility due to the negative correlation between stocks and bonds, and the potential for higher returns with increased stock exposure [46][49]

Group 1 - The article discusses the upcoming Spring Festival holiday and the trading situation of various funds during this period [1][3] - Different types of funds have specific rules regarding trading and net value updates during the holiday [1][3] Group 2 - For money market funds, investments must be made before 3 PM on February 12 to earn holiday returns [5] - Bond funds can be invested in before 3 PM on February 13 to enjoy holiday earnings, although net values will not be updated until the first trading day after the holiday [7][8] - Typically, pure bond funds see an increase on the first trading day after a long holiday, reflecting accumulated holiday earnings [8][9] Group 3 - For stock funds, the latest investment must also be made before 3 PM on February 13, as net values do not update during the holiday [15][16] - Observing the performance of overseas markets, such as the ASHR and FTSE A50 indices, can provide insights into potential A-share market movements during the holiday [19][22][23] - If overseas markets experience significant gains, A-shares are likely to see a corresponding increase upon reopening [23][24] Group 4 - The article emphasizes the importance of holding investments through holidays rather than frequently buying and selling, which incurs additional transaction costs [28] - The philosophy of investing is likened to owning a business, suggesting a long-term approach rather than short-term trading [28][29]

阿波罗全球管理公司（Apollo Global Management）周一公布，受新客户资金流入和强劲债务发行的推 动，第四季度利润增长了13%。 这家总部位于纽约的另类资产管理公司今年最后三个月的调整后净收入为15.4亿美元，合每股收益2.47 美元。相比之下，去年同期为 13.6 亿美元，合每股收益 2.22 美元。 阿波罗公司在一份声明中说，季度增长主要得益于新增贷款和其他投资达 970 亿美元。 阿波罗公司成立于 1990 年，最初专注于私募股权投资，后来扩展到企业信贷领域。它已成为一家大型 贷款公司，并建立了庞大的保险业务，在 2021 年控制了退休服务公司 Athene。 本季度，该集团获得了 420 亿美元的收入，使管理资产总额达到 9380 亿美元。首席执行官马克-罗文 （Marc Rowan）设定的目标是，到 2026 年管理 1 万亿美元，到 2029 年管理 1.5 万亿美元。 管理资产和安排债务与股权交易的相关费用收入达到 6.9 亿美元，同比增长 25%。 罗文表示，公司的重点是 "推进退休解决方案 "和 "使新买家能够大规模进入私人市场"。 资本解决方案部门以不同形式提供信贷，包括 ...