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。　　三季度，债市进入逆风期，本基金着重增强组合流动性，同时在市场调整期间左侧布局部分高票息资产，平稳度过调整期。季度初资金面宽松，债市维持震荡走势，随后披露的6月CPI同比回升0.1%，十年一度的城市工作会议临近，反内卷和“大基建”也推动商品市场上涨，风险偏好回升，权益市场持续走强，股债跷跷板效应明显；随后，“资金搬家”逐渐成为债市隐忧，季末高频经济数据延续下滑，然而在公募费率改革、反内卷和扩发服务消费的催化下，债市面临逆风行情。　　四季度银行间资金面平稳，债券收益率先下后上，年末罕见未走出顺畅下行。　　组合主要投资于利率债，基于利差、基本面和资金面分析优选中短久期政金债为底仓，在二季度抓住了关税冲击前的高赔率机会，三季度通过及时调仓有效降低了股市走强对于久期资产的影响，兼顾收益和流动性安全。","lastUpdated":"2026-03-27T05:47:12.708Z","mo":"开年以来，央行近期淡化降息表态，DR001仍在利率走廊内，需要进一步关注能否跌破走廊下限；各类价差略有回升，对比历史来看还在较低位置，同时股债赚钱效应的分化也限制债券吸引力。伴随着股债走势的分化，债基规模结构边或由纯债迁移至固收+，这将导致信用债和利率债需求分化，在赎回高峰过后，债市波动率预计逐渐下降。　　短期来看，平稳的资金面和央行财政协同可能催生小级别震荡反弹，再往后看，先是更集中于一季度的信贷开门红和潜在的兑现利润诉求（银行/保险）制约反弹空间，然后通胀筑底回升和长端供需问题将继续推动期限利差走阔；若信贷开门红不及预期，则更催生预期差交易。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1448232","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647d2","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000003220,"sao":"三季度，债市进入逆风期，本基金逐步降低了久期风险敞口，着重获取票息收益，季度内回撤保持在较低水平。　　7月初资金面宽松，债市维持震荡走势，随后披露的6月CPI同比回升0.1%，十年一度的城市工作会议临近，反内卷和“大基建”也推动商品市场上涨，风险偏好回升，权益市场持续走强，股债跷跷板效应明显，10Y国债从月初1.64上行至1.74，月底的政治局会议未超市场预期，风险偏好边际回落，10Y国债下行至1.7。　　8月央行延续削峰填谷的公开市场投放力度，8月银行间资金面波动率明显下降，7月国内生产消费边际走弱，CPI同比回落，经济数据难言利空，然而债市走出一波调整。月初权益市场短暂震荡后强势上涨，上证指数放量突破3700点和3800点，“资金搬家”逐渐成为债市隐忧，月初资金宽松，10Y国债下行1BP至1.69后加速上行，月内最高上至1.85，月末收于1.84。　　9月，高频经济数据延续下滑，然而在公募费率改革、反内卷和扩发服务消费的催化下，10Y国债一度上行至1.9，收益率曲线陡峭化，期限利差向着过去三年中枢回归。　　基建和消费品零售走弱是一体两面，专项债前置发行未能与实物工作量对应，传统基建项目推进偏缓，社会有效需求偏弱，商品国补的需求逐渐透支；同时服务消费涌现新场景新需求，政策层已有支持，且财政资金有望转换新旧动能，此外四季度政策性金融工具（投放数字经济、AI等领域）和资金等将为地方政府减负。出口依托产业链优势和全球南方国家市场保持韧性，2023~2024年密集交付的运力也通过运价下降实现关税补贴效应，出口韧性预计尚可延续。价格指数在约束竞争秩序（产能产值控制）和出口韧性推动下预计边际回升，实际利率有望下行。　　适度宽松的货币政策有多元化目标和实现路径，目前对于债市的利好边际有限，后续需持续观察基本面情况。","lastUpdated":"2026-03-09T13:11:51.066Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1380398","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647d1","date":"2025-06-29T16:00:00.000Z","stockId":3000000003220,"sao":"一季度各项经济数据呈现开门红，但也存在隐忧，期间银行间市场资金价格高位运行，债市一波三折。二季度经济内外部因素交织，债市也迎来较大波动。4月的宏观主线是中美关税博弈，4月2日，美国推出对等关税政策，叠加前期已加征的税率，中国商品输美税率一度超过66%，出口链和人民币汇率承压。5月关税问题仍在发酵，5月7日为稳市场稳预期，央行宣布降准降息。6月宽货币稳市场态势明显，债市迎来牛陡行情。　　报告期内本基金及时跟踪市场变动，聚焦在利率债个券挖掘和久期操作。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.063Z","mo":"开年以来的经济数据呈现出量好于价、需求好于供给的特征。企业降价扩产支持利润总额提升，但利润率下滑和被动补库指向较弱的经营预期，因而更倾向于加大内卷和压缩居民工作机会。　　二季度，国内基本面在对等关税冲击下展望韧性，抢出口/抢转口和消费补贴政策阶段性支撑生产和消费总量。展望下半年，出口和消费难以进一步上量，上半年国债发行进度较快，但实物工作量指标仍然有限，基本面量的不足和价的弱势（内需问题）仍然存在，地产和出口问题预计趋势性利好债市，但影响路径偏滞后；短期内，央行在一季度货币政策执行报告中已提示增加货币供给导致物价难以回升的风险，因而二季度例会着眼物价压力也意味着货币空间相对有限。　　当前，衍生品市场和存单时常均显示资金面的降息预期不高，我们认为短期内行情强度相对有限，建议边走边看，等待基本面数据或进一步的宽货币信号来打开赔率空间。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCod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年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1179211","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647cd","date":"2024-06-29T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。实际运作方面，上半年产品久期策略重于杠杆策略，整体久期维持在较高水平，杠杆率维持在较低水平。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.053Z","mo":"上半年来看，经济基本面继续处于温和复苏趋势中，经济增长由旧动能向新动能的逐步变迁。一方面，随着增长驱动力量发生变化，传统观测指标结果分化，其中出口和制造业投资相对较强，基建实物工作量偏低，地产及消费仍有拖累。另一方面，金融数据降低规模诉求，使得总量水平趋于回落，但数据质量和结构变化仍值得关注。　　上半年债券市场在供需结构、风险偏好、机构行为等多因素影响下持续走牛，信用利差与期限利差处于低位。展望未来，阶段性扰动难以避免，但经济基本面维持弱复苏态势，货币政策仍将保持支持性取向，趋势性行情或将得以延续。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1150054","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647cc","date":"2024-03-30T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。实际运作方面，基于广谱利率趋势下行的判断，产品久期维持在中性偏高水平，季度末随收益率低位震荡，久期水平边际下降。　　　　基本面来看，经济既有积极的变化、也并非全无隐忧。其中积极的变化主要在于宏观杠杆由地方向中央转移，对应债务结构和偿债预期的改善。同时外需有所回升、内需也在逐步摆脱地产下行周期的负面影响，经济转型仍走在难且正确的路上。隐忧主要来自于外部环境的不确定性仍然偏高，以及地方权责平衡过程中可能出现的新问题。整体来看，经济处于由底部温和复苏的过程中，弹性不高意味着债市暂时不具备全面转向的基础。　　展望未来，货币政策取向并未发生变化，继续强调“逆周期调节”、“发挥货币政策工具的总量和结构双重功能”以及“推动企业融资和居民信贷成本稳中有降”，债市整体风险不大。但是在信用利差、期限利差均趋于极致的过程中，过度久期和杠杆的性价比较低。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.051Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1068589","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647cb","date":"2023-12-30T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。实际运作方面，基于对广谱利率下行的趋势判断，产品久期中枢随收益率调整逐步增加，至年末维持在中性偏高水平。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.048Z","mo":"回顾2023年，除年初和四季度有小幅调整外，债券市场收益率以震荡下行行情为主。从基本面来看，增长动能趋于走平，预期的通胀压力尚未显现，景气度在中线附近徘徊，使得市场风险偏好出现显著收敛。与此同时，由于内外部经济环境不同步，货币政策空间受限，银行间资金中枢相对稳定，导致曲线最终呈现牛平形态，短端走平、长端较大幅度下行。　　展望未来，地产和出口未能看到趋势性变化，消费结构演变对总量的推动效力有限，财政政策的空间可能是影响经济增长斜率的关键因素。在地方化债持续推进、金融风险有效防控的背景下，政策的实际效力仍有待观察，节奏安排也可能倾向于相机抉择，短期看不到超预期的催化因素。随着以银行存款利率为代表的广谱利率下行，债券收益率仍有进一步向下的潜力。但在市场一致预期下，行情的过度演绎也可能出现超调风险。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059369","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647ca","date":"2023-09-29T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。　　　　今年三季度，债券市场受到经济环比企稳、地产托底政策出台等因素影响，收益率先下后上，市场情绪转向弱震荡。虽然季度内先后出现降息和降准，但实际的银行间资金利率并未再下台阶，叠加季节性的流动性扰动，收益率曲线形态更趋于扁平。从基本面来看，在房地产供求关系发生重大变化的大背景下，地产政策更多的是起到托底而非刺激的作用，这也决定了经济复苏的弹性和幅度很难与过去几轮经济周期相当。政策面来看，三季度央行进一步加大逆周期调节力度，产业、消费等相关政策密集出台，经济景气度和市场信心均呈现一定程度的修复。　　展望四季度，或将进入前期政策落地效果的观察反馈期，重点关注制造业投资动能、出口韧性等因素对经济增长的影响深度。基于央行三季度货币政策例会“持续用力、乘势而上，加大宏观政策调控力度，精准有力实施稳健的货币政策，搞好逆周期和跨周期调节，更好发挥货币政策工具的总量和结构双重功能”的表述，政策基调并未发生变化，但资金利率仍是债券市场的锚。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.045Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986093","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c9","date":"2023-06-29T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.043Z","mo":"今年上半年，随着经济修复环比动能减弱和资金利率中枢下降，市场预期和机构行为相应发生变化，债券市场收益率先上后下。展望下半年，预计经济动能切换的大方向不会发生变化，经济恢复呈现出“一个波浪式发展、曲折式前进的过程”。在新的均衡下，市场对经济磨底并转向内生驱动的预期分歧不大，但是对新驱动力作用的弹性仍抱有较大的不确定性。对于固收市场而言，不再使用短期工具解决长期问题，坚持做难且正确的事，意味着下半年利率调整的空间有限，但是季节性的资金价格波动和市场结构变化可能会导致市场振幅加大。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=965702","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c8","date":"2023-03-30T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内，本基金主要投资品种为利率债和信用债。其中信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。　　2023年一季度利率收益率曲线走平，长端震荡、短端上行，信用利差在1-2月收窄，3月中高等级信用利差走阔而低等级信用利差持续修复。基本面来看，经济以自然复苏为主，强政策预期减退，市场就复苏的趋势和方向达成一致，但对其力度和节奏仍有分歧。预期变化因此成为驱动一季度债券收益率波动的主线之一。　　展望二季度，经济增长在经历斜率最快的修复后，大概率逐步回归长期潜在增速。国内主要关注地产和出口：其中地产方面，目前一二线新房销售面积修复快于三线城市，二手房销售面积修复高于新房销售面积，三线城市房价变化可能成为后期影响地产行业及相关消费景气度可持续性的主要因素；出口方面，以美国为代表的外需仍处于去库存周期，价格因素对出口的支撑下降，总体来看见底反弹可能性较低。海外随着4月初OPEC意外减产改变了原油市场的供需平衡预期，需持续评估通胀预期与加息节奏之间的再平衡。　　受到同比基数较低影响，债券市场在短期内可能面临一定压力，但随着资金价格中枢已经基本回归政策利率区间，预计债券收益率调整空间有限。整体来说，二季度债市可能继续维持震荡，如果出现预期波动导致的利率显著上行，可能带来交易性机会。","declarationDate":"2023-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.038Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=879192","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c7","date":"2022-12-30T16:00:00.000Z","stockId":30000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46城新房均成交面积22年第24周周度环比增长45.7%，特别国债发行传闻亦冲击了市场情绪，PMI回到荣枯线上方，同时股市偏强，因此债市情绪偏空，利率以上行为主。  展望3季度，资金面可能会边际收敛，DR007可能会向政策利率2.1%靠拢，因为央行6月跨半年OMO净投放4000亿，相对3月5800亿减少1800亿，且30号的银行间跨半年让大家回忆起了远在13年的620钱荒，隔夜从上午的7%左右攀升至下午的20%左右；基本面来看，基建投资仍为经济的主要抓手，地产投资降幅收窄有望企稳，制造业投资和出口增速或边际回落但有韧性，消费在下半年可能缓慢修复，通胀可能不是今年的主要掣肘因素。综上，对于3季度的债市偏谨慎。  策略上，仍以稳健波段操作叠加适当的杠杆策略为主。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=787096","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c4","date":"2022-03-30T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内本基金选择100%投资利率债（政策性金融债、国债、央行票据）。  回顾1季度，债市走势经历了先牛后熊到小幅震荡的过程：1月份，市场在预期央行降息到央行超预期降息的过程中，债券收益率加速下行；2月份，统计局公布的1月份社融数据大超预期，且全国多地房地产政策放松力度显著增强，市场对宽货币预期降温且对宽信用强度担忧，债券收益率快速上行；3月份，上旬在宽信用预期延续下，股债双杀导致的产品赎回，进一步加剧了市场踩踏，债券收益率进一步上行，中下旬，统计局数据呈现的宽信用成色不足、金稳会与多部委释放积极信号、国内疫情多地散发、美联储加息落地且缩表或加速，市场在多空因素博弈中，呈现出震荡走势。从资金面来看，1季度整体宽松，机构跨季平稳。  从基本面来看，1-2月经济整体超预期，具体从三驾马车看，出口高位回落，投资大超预期，消费略超预期。展望2季度，出口和制造业投资韧性或延续，22年财政资金前置，基建资金充足，预计上半年增速或有明显改善，地产投资在“托而不举”的政策背景下，或将恢复但难有大起色，消费在多地疫情爆发下或走弱。国内通胀压力不大，国内稳增长和国外抗通胀会是2季度的基本面主旋律，因此2季度，在国内疫情冲击、海外局势动荡、美联储加息的背景下，宽信用在筑底过程中可能仍会有反复，债券市场仍有博弈货币政策进一步宽松的机会。  策略上，仍以稳健波段操作叠加适当的杠杆策略为主。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.027Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=728883","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c3","date":"2021-12-30T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内本基金主要投资品种为利率债和信用债。信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.024Z","mo":"2021年利率债呈现“前高后低、中枢下行”的慢牛行情。市场经历了几个阶段： 1）1月底-2月初：央行突然在公开市场大幅回笼收紧资金利率带来收益率迅速上行至3.28%；2）2月初-7月中：受地方债发行后置、城投和地产局部信用收缩导致的资产荒影响，机构普遍看空做多，导致收益率震荡下行至3.0%；3）7月中-8月初：央行“跨周期”降准带动收益率进一步快速下行2.80%；4）9-10月：再通胀交易回调至3.0%；5）11月之后，宽货币背景下，宽信用效果不及预期，国债下行至2.80%低位。展望2022年，国内进一步降准降息的可能性仍然较大：美联储政策重心转向遏制通胀，已经明确进入加息周期，但是我国货币政策近年来保持“以我为主”的基调，三重压力下，政策稳增长的需求仍然较强；通胀可能不会是主要矛盾：CPI可能在猪周期上行的背景下有所回升，但PPI下行可缓解通胀焦虑，整体通胀温和；经济基本面仍弱，尚未出现明确企稳信号：制造业投资和出口依然相对较好，社融数据总量企稳，但体现出信贷需求不足。策略上，仍以稳健波段操作叠加适当的杠杆策略为主。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=715531","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c2","date":"2021-09-29T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内本基金选择100%投资利率债（政策性金融债、国债、央行票据）。中国经济处在下降趋势中未见底：浙商经济综合指数依然处于回落通道中，政策约束下基建投资、地产投资难有起色，制造业投资积极影响因素仍在，但是独木难支；消费中枢抬升空间仍较有限；在海外需求回落叠加运力约束下出口高增长难持续。国内通胀压力可控：PPI受黑色系带动再创新高，但PPI的快速上行并不必然导致全面通胀格局，今年以来CPI和核心CPI表现相对温和。货币政策以我为主，资金面相对稳定：央行近几年较少跟随美联储政策变化，于7月进行“跨周期”降准操作以降低中小企业成本；8月接连大额净投放对冲地方债压力，9月时隔7个月重启14天逆回购投放维护季末流动性平稳。债市策略上仍以中性久期叠加小波段操作为主：基本面和货币政策短期难转向，但是目前市场利率处于历史低分位，收益率曲线较平，久期不宜过于激进。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.022Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=654735","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c1","date":"2021-06-29T16:00:00.000Z","stockId":3000000003220,"sao":"报告期内本基金选择100%投资利率债（政策性金融债、国债、央行票据）。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.019Z","mo":"2021年上半年，国内经济主要指标同比增速下行：从固定资产投资的三个分项来看，制造业1-5月的规模以上工业企业利润累计同比增长迅速，两年复合增速为21.7%，超过了疫情前水平，但相关的PMI指数6月为50.9，连续两月小幅下行；房屋新开工及销售面积同比增速下滑，土地成交面积持续低于土地供应面积；基建投资增速符合预期。社会零售品消费同比增长12.4%，仍低于预期；海外主要经济体PMI增速下滑，外需拉动降低； 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会议上释放了退出宽松的信号，这可能导致美元汇率走强，美元利率抬升，跨境资本流动被抑制甚至出现回流，我国货币政策可能会受到影响。基本面对债券市场较为友好。策略上，仍通过久期和杠杆调整获取波段收益。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=634992","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647c0","stockId":3000000003220,"sao":"报告期内本基金主要投资品种为利率债和信用债。信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。 回顾2021年1季度，国内债券市场没有呈现出现趋势性机会，整体走势先上后下，呈震荡行情。海外美债收益率大幅上行成为市场核心关注点。1季度海内外经济均呈现明显的疫情后复苏态势，但同时伴随疫情点状爆发，具有一定的波动性。全球通胀风险上升，上游大宗商品价格上涨带来中国PPI上升的压力，但核心CPI依然处于低位。展望2季度，经济可能阶段性见顶，国内通胀压力不大，预计央行跟随海外市场加息概率较低，但税期扰动和国债地方债发行量增加可能会导致资金面价格波动较1季度加大；现券市场目前处于震荡磨顶阶段，需要等待利空出尽，可适当寻找波段交易机会，信用债预计未来高低等级信用利差分化会进一步加剧，需要严格进行个券筛选，防范估值风险。同时需要密切关注二季度经济复苏的持续性，以及货币政策、政治局会议的信号，及时进行策略调整。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.016Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=569104","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647bf","stockId":3000000003220,"sao":"报告期内本基金主要投资品种为利率债和信用债。信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.013Z","mo":"2020年经历了一季度疫情冲击，二季度经济开始复苏央行货币政策转向，三季度经济延续复苏、货币政策收紧边际放缓，四季度在永煤事件影响下，货币政策超预期宽松，机构平稳跨年，经济依然呈复苏态势。利率债受基本面和流动性主导，全年呈现震荡行情，先下后上再下；信用利差走势则一反常态，与利率债走势背道而驰，信用溢价成为其行情的主导因素。展望 2021 年1季度，预计经济复苏依然持续，通胀温和，资金面维持紧平衡，金融监管逐渐回归：投资方面，制造业能否在景气动能下主动补库存、增加投资是重要看点；显性刺激力度减弱+隐性负债严监管下，明年广义财政支出或会面临一定的压力，基建很难有高增长；地产则受到“三条红线”从供给端、控贷款政策从需求端的压制，对经济拉动也有限；出口方面，由于国内外生产恢复节奏差异，发达国家和新兴国家在疫苗分配节奏不同下，由于疫情带来的出口超预期还有望延续，直到疫苗普遍接种使得海外产能得到修复实际 GDP 增速回升；消费方面，国内由于优先通过恢复生产保就业，生产修复快于消费，未来消费还有一定的修复空间。策略上，配置方面，信用债收益率目前整体历史分位数较低，长久期信用债保护空间较小，仍以精选个券短久期票息策略为宜。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=554165","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647be","stockId":3000000003220,"sao":"报告期内本基金主要投资品种为利率债和信用债。信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。 今年前三季度经历了一季度疫情冲击，第二季度经济开始复苏央行货币政策转向，第三季度经济延续复苏、货币政策收紧边际放缓。因此前三季度债市走的是衰退牛到紧货币的走熊；股市在2月低点之后，总体一直是走的复苏行情，但第三季度海外美股的高位回调、欧美疫情重新抬头、国际关系的影响、对经济复苏持续性的担忧，股市转为震荡。展望未来，接下来1-2个季度国内经济基本面仍有望延续复苏的趋势，金融数据的高点可能会在四季度出现，通胀则会在接下来2个季度在1-2%区间，海外则面临第四季度疫情重燃、美国大选的扰动。总体上海外对国内债市的影响有限，但会通过风险偏好的途径更多影响股市。通胀的回落主要是基数原因，非监管发力和巨大意外冲击导致的金融数据趋缓往往并不是基本面和市场的转折点。货币政策在第三季度已经阶段性不再收紧，接下来是需要关注宽信用延续和股市如果出现大涨情况下，债市资金面可能被动收紧。接下来债市的主导因素可能从第二季度到第三季度初的央行货币政策快速转向，过渡到基本面主导阶段，基本面复苏的可持续性，是股债市场延续当前趋势的未来空间的关键。从基本面来看，第四季度债市仍然有压力，股市则要关注外部扰动。配置价值来看，目前股债相对价值中性；利率债中短端也接近中性位置，利率债长端的赔率胜率可能还偏低；信用债总体配置价值仍偏低，但如果利率债继续上行空间不大的情况下，信用债比利率债有更好的票息价值。综上，短期对债市仍偏谨慎，重视票息价值。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.010Z","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=490761","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec7177fea5b3eb04647bd","stockId":3000000003220,"sao":"报告期内本基金主要投资品种为利率债和信用债。信用债以高评级的中期票据、企业债、短期融资券、超短期融资券、金融机构债等为主，利率债以国债、政策性银行债为主。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:11:51.007Z","mo":"2020年上半年市场经历了疫情-复苏-货币政策边际转向的过程，在2-4月疫情和货币宽松主导了债市走牛，4月底经济复苏程度略超预期，央行货币政策边际收紧，并推出小微信用贷等创新工具，央行政策从宽货币向宽信用转变。债券市场因此出现大跌，甚至出现踩踏行情。海外由于疫情和复苏均滞后于国内，除了3月下旬欧美严重时点外，对国内资本市场的影响相对较小。展望2020年第3季度，国内经济复苏仍有望延续，权益和商品对经济预期乐观，基本面数据供给侧快速修复后需求仍待观察，PMI数据也较为积极，央行货币政策暂难看到再度转宽，股市分流仍会给予债市压力。随着利率上行债券资产相对价值提升，但仍需小心趋势上行对净值的压力，后续观察经济基本面变化和资产价值，以短久期票息策略为主，择机配置高性价比资产。","fund":{"_id":3000000003220,"__csrcFundId":807,"stockCode":"003220","shortName":"浙商惠利纯债(003220)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":3220,"masterFundFlag":1,"lastUpdated":"2026-04-30T18:48:39.172Z","status":"normal","inceptionDate":"2016-09-26T16:00:00.000Z","name":"浙商惠利纯债债券型证券投资基金","exchange":"jj","followedNum":1,"fundCollectionId":4000050630000,"currency":"CNY","masterFundShortName":"浙商惠利纯债","pinyin":"zshlczzqxzqtzjj","managers":[{"stockCode":"8801599979","stockType":"fund_manager","exchange":"fm","tickerId":152510184950,"name":"欧阳健"},{"stockCode":"db20906650","stockType":"fund_manager","exchange":"fm","tickerId":140717238300,"name":"牛冠群"},{"stockCode":"db20923008","stockType":"fund_manager","exchange":"fm","tickerId":811233140,"name":"何康"}]},"announcement":{"linkText":"浙商惠利纯债债券型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=461046","linkType":"PDF","source":"csrc_pdf"}}]}