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关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股，同时也会积极捕捉困境反转类的投资机会。","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1247510","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec87a7fea5b3eb047f2a4","date":"2024-09-29T16:00:00.000Z","stockId":3000000005258,"sao":"回顾2024年三季度，国内供需仍然在企稳复苏的过程中，出口依然保持较强韧性，9月末在美联储降息以及国内稳增长政策的刺激下，投资者预期得到修正，市场快速反弹。从数据来看，今年前8个月工业增加值累计同比上升5.8%，7-9月国内制造业PMI依次为49.4、49.1、49.8，经济呈现弱复苏状态；8月份以美元计价的出口金额同比增长8.7%，出口数据保持较强的韧性。8月PPI同比下降1.8%，环比下降0.7%，生产者价格数据继续走低，企业盈利仍面临一定压力。8月CPI同比上升0.6%，环比上升0.4%，消费者价格指数有所回升，持续性有待观察。8月M2同比增长6.3%，M1同比下滑7.3%，信贷需求仍然偏弱；9月末外汇储备3.32万亿美元，在美联储降息背景下人民币汇率相对强势。在一系列增量政策出台之后，市场快速反弹，2024年三季度上证指数、沪深300指数及创业板指数分别上涨12.44%、16.07%、29.21%。　　展望2024年四季度，在央行一系列稳增长的货币政策出台之后，我们需要密切观察财政政策是否会跟进，另外各项政策的实施效果也需要进一步跟踪和验证。整体而言，市场在经历了快速的估值修复之后，可能会走向分化，真正受益于政策红利的公司和行业将会迎来基本面持续改善，这将给我们的选股模型带来较大的发挥空间。长期来看，改革创新是保持经济增长的根本动力，在科学技术带动产业升级的大背景下，我们对经济的长期健康发展持较为乐观的态度。目前A股市场整体估值依然处于长期价值配置区间，具有较高成长性的行业和较强竞争力的公司，将具备较高的投资价值，而经济增长预期的持续改善也将会带来较多的投资机会。　　我们的组合仍主要以选股作为主要的收益来源，风格上在价值和成长之间保持平衡，重点关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股，同时也会积极捕捉困境反转类的投资机会。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:17:46.639Z","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1177003","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec87a7fea5b3eb047f2a3","date":"2024-06-29T16:00:00.000Z","stockId":3000000005258,"sao":"2024年上半年，国内经济在经历了一季度的亮眼开局之后出现一定的边际走弱，较强的出口数据带动工业生产保持韧性，内需在地产持续下行、居民预期偏弱的背景下仍旧疲弱。从数据来看，4-6月国内制造业PMI依次为50.4、49.5、49.5，5、6两月PMI重新跌入收缩区间。今年前6个月工业增加值累计同比增长6.0%，其中6月份工业增加值当月同比增长5.3%，经济延续弱复苏的格局。6月CPI同比上升0.2%，环比下降0.2%；PPI同比下降0.8%，环比下降0.2%，价格类指标依旧偏弱。6月M2同比增长6.2%，M1同比下降5.0%，信贷需求仍然偏弱；6月末外汇储备3.22万亿美元，汇率短期承压。整体而言，国内经济依然处于弱复苏的态势，“稳增长”政策的效果正在逐步显现。上半年A股市场震荡调整，结构有所分化，上证指数下跌0.25%，沪深300指数上涨0.89%，创业板指数下跌10.99%。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:17:46.636Z","mo":"展望2024年下半年，海外方面，美联储的货币政策依然是市场关注的热点，但其对国内资本市场的边际影响明显降低。国内方面，我们认为三季度国内经济环比二季度大概率能够边际回升，前期政策的累积效应以及新的“稳增长”政策对经济形成一定支撑；新“国九条”的推出将会改善股市微观供需结构，并进一步提升A股市场的投资价值。长期来看，改革创新是保持经济增长的根本动力，在科学技术带动产业升级的大背景下，我们对经济的长期健康发展持较为乐观的态度。目前A股市场整体估值已进入长期价值配置区间，具有较高成长性的行业和较强竞争力的公司，将具备较高的投资价值。组合仍主要以选股作为主要的收益来源，在价值和成长之间保持平衡，重点关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股。","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1144817","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec87a7fea5b3eb047f2a2","date":"2024-03-30T16:00:00.000Z","stockId":3000000005258,"sao":"2024年一季度，权益市场受流动性的影响出现一定波动，但经济数据较大幅度超出市场预期，出口、消费和制造业投资带动近期经济企稳向好。从数据来看，1-2月工业增加值累计同比增长7.0%，固定资产投资完成额累计同比增长4.2%，工业生产大幅强于预期。1-3月国内制造业PMI依次为49.2、49.1、50.8，3月PMI重回扩张区间，需求大幅改善；2月PPI同比下降2.7%，环比下降0.2%，价格指数依然较弱；CPI同比上升0.7%，环比上涨1.0%，食品价格明显上涨。2月M2同比增速8.7%，M1同比增速1.2%。2月末外汇储备3.23万亿美元，汇率总体平稳。整体来看，各方面经济数据有所回暖，经济复苏趋势明显。一季度，市场分化较大，上证综指和沪深300指数分别上涨2.23%和3.10%，创业板指下跌3.87%。　　展望2024年二季度，出口的较强表现预计能够持续，全球制造业周期的企稳回升叠加美国的补库周期有望带动外需的持续改善；随着国内一系列刺激政策的落地以及地产销售的逐渐企稳，经济基本面有望逐渐企稳复苏。在需求逐步回暖以及价格指数逐步回升的状况下，上市公司的盈利状况有望得到改善。长期来看，改革创新是保持经济增长的根本动力，在科学技术带动产业升级的大背景下，我们对经济的长期健康发展持较为乐观的态度。目前A股市场整体估值已进入长期价值配置区间，具有较高成长性的行业和较强竞争力的公司，将具备较高的投资价值。组合仍主要以选股作为主要的收益来源，在价值和成长之间保持平衡，重点关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:17:46.633Z","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1070978","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec87a7fea5b3eb047f2a1","date":"2023-12-30T16:00:00.000Z","stockId":3000000005258,"sao":"2023年是三年新冠疫情防控转折后经济恢复发展的一年，但受制于地产持续调整、外需走弱、社会预期偏弱等不利因素，修复过程较为波折。2023年全年GDP增长5.2%，高于年初制定的5%左右的增长目标。12月PMI指数为49，经济景气程度依旧偏弱。12月PPI同比下跌2.7%，环比下跌0.3%；12月CPI同比下跌0.30%，环比上涨0.10%，价格信号依旧偏弱。12月M2同比增速为9.7%，M1同比增速为1.3%，全年社会融资规模同比增长9.84%。12月末外汇储备3.2万亿美元，汇率整体平稳。2023年全年A股市场表现疲软，风格方面小盘优于大盘、价值优于成长，沪深300、中证500和创业板指分别下跌11.38%、7.42%和19.41%。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:17:46.630Z","mo":"展望2024年，海外方面，美国经济预计保持相当韧性，在通胀得到控制之后，联储有望开启宽松周期，这将有利于新兴市场的资产表现；国内方面，有效需求不足以及地产行业的调整等因素将会导致经济回升面临一定的困难，但中央财政的持续发力以及“三大工程”有望对经济形成一定支撑，而中美库存周期的震荡回升有望对全年经济形成拉动。市场风格方面，过去2年成长与价值、大盘与小盘的分化有望得到改善，市场风格将更加均衡。长期来看，改革创新是保持经济增长的根本动力，在科学技术带动产业升级的大背景下，我们对经济的长期健康发展持较为乐观的态度。目前A股市场整体估值已进入长期价值配置区间，具有较高成长性的行业和较强竞争力的公司，将具备较高的投资价值。组合仍主要以选股作为主要的收益来源，在价值和成长之间保持平衡，重点关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股。","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1053776","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec87a7fea5b3eb047f2a0","date":"2023-09-29T16:00:00.000Z","stockId":3000000005258,"sao":"2023年三季度，7月份的政治局会议为市场注入信心，随着一系列稳经济政策的出台，经济下滑的态势初步得到逆转并回升向上，反弹向上的动力仍需持续观察。从数据来看，7-9月国内制造业PMI依次为49.3、49.7、50.2，制造业景气重回扩张区间；今年前8个月工业增加值累计同比上升3.9%，经济呈现弱复苏状态。8月PPI同比下降3.0%，环比上升0.2%；CPI同比上升0.10%，环比上升0.30%，猪价和油价对CPI的拖累有所减轻。8月M2同比增速为10.60%，M1同比增速2.20%。9月末外汇储备3.12万亿美元。国内货币政策总体保持稳健，流动性合理适度，宏观环境总体温和。三季度A股市场分化明显，顺周期板块表现相对较强，成长板块表现疲软。上证指数、沪深300指数以及创业板指数分别下跌2.86%、3.98%、9.53%。  展望2023年四季度，海外方面，预计美国的经济虽然边际有所放缓，但依然能维持韧性，美元阶段性见顶或有利于全球新兴市场表现。国内方面，经济基本面在去库存接近尾声且各种刺激政策逐步发力的背景下，有望企稳回升。长期来看，改革创新是保持经济增长的根本动力，在科学技术带动产业升级的大背景下，我们对经济的长期健康发展持较为乐观的态度。目前A股市场整体估值已进入长期价值配置区间，具有较高成长性的行业和较强竞争力的公司，将具备较高的投资价值。组合仍主要以选股作为主要的收益来源，在价值和成长之间保持平衡，重点关注估值合理、业绩表现稳健的价值蓝筹以及白马成长股。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:17:46.628Z","fund":{"_id":3000000005258,"stockCode":"005258","stockType":"fund","areaCode":"cn","followedNum":10,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2017-11-26T16:00:00.000Z","setUpScale":1252010000,"market":"a","tickerId":5258,"custody":"招商银行股份有限公司","name":"景顺长城量化平衡灵活配置混合型证券投资基金","shortName":"景顺长城量化平衡混合A","fundSecondLevel":"hybrid","__csrcFundId":4955,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:42.790Z","masterFundFlag":1,"inceptionDate":"2017-12-26T16:00:00.000Z","fundCollectionId":4000050290000,"currency":"CNY","masterFundShortName":"景顺长城量化平衡混合","pinyin":"jscclhphlhpzhhxzqtzjj","managers":[{"stockCode":"db20275804","stockType":"fund_manager","exchange":"fm","tickerId":242510149240,"name":"徐喻军"}]},"announcement":{"linkText":"景顺长城量化平衡灵活配置混合型证券投资基金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