window.pageData = {"stock":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合A","fundSecondLevel":"hybrid","fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50500000","tickerId":50500000,"name":"建信基金管理有限责任公司"},"managers":[{"name":"王东杰","stockType":"fund_manager","stockCode":"8801397191","exchange":"fm","tickerId":230410152530}],"hotMetrics":{"fss":{"stockId":3000000005596,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.1602,"f_ins_h_s_r_c_hy":-0.056400000000000006,"f_ins_h_s_r_c_1y":-0.04539999999999997,"f_ind_h_s_r":0.8398,"f_ind_h_s_r_c_hy":0.056400000000000006,"f_ind_h_s_r_c_1y":0.045399999999999996,"f_h_a":28878,"f_h_s_a":5090,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000005596,"type":"fpr","f_p_r_fys_ssc":8993,"f_p_r_fys_ssrp":0.8618772241992882,"f_p_r_m1_ssc":9202,"f_p_r_m1_ssrp":0.5171177045973264,"f_p_r_m3_ssc":9073,"f_p_r_m3_ssrp":0.595789241622575,"f_p_r_m6_ssc":8779,"f_p_r_m6_ssrp":0.8727500569605833,"f_p_r_y1_ssc":8330,"f_p_r_y1_ssrp":0.7547124504742466,"f_p_r_y2_ssc":7719,"f_p_r_y2_ssrp":0.8081109095620627,"f_p_r_y3_ssc":6917,"f_p_r_y3_ssrp":0.7807981492192019,"f_p_r_y5_ssc":4303,"f_p_r_y5_ssrp":0.7250116225011622,"f_cagr_p_r_fs_ssc":9144,"f_cagr_p_r_fs_ssrp":0.3041671223887127},"fp":{"stockId":3000000005596,"type":"fp","f_p_r_fys":-0.0018791823265192908,"f_p_r_m1":0.0684951670673668,"f_p_r_m3":0.007168624549070524,"f_p_r_m6":-0.025637583892617277,"f_p_r_y1":0.09459663231967852,"f_p_r_y3":0.05749526538144112,"f_cagr_p_r_fs":0.10099766809912891,"f_p_r_y5":-0.05168960111478771,"f_p_r_d1":-0.003684491200853235,"f_p_r_y2":0.10140602872749338,"last_data_date":"2026-05-05T16:00:00.000Z"},"ff":{"stockId":3000000005596,"type":"ff","f_m_f":1457945,"f_m_f_r":0.012,"f_c_f":242991,"f_c_f_r":0.002,"f_m_a_c_f":1700936,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-09-24T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000005596,"type":"f_nlacan","f_nv_d":"2026-05-05T16:00:00.000Z","f_nv":2.1777,"f_nv_cr":0.0070754716981134},"f_as":{"stockId":3000000005596,"type":"f_as","f_tas":167180483.36879998,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000005597,"stockCode":"005597","stockType":"fund","areaCode":"cn","followedNum":6,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5597,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合C","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2025-01-04T00:31:56.918Z","inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"jxzljxlhpzhhxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":600519,"holdings":13486,"marketCap":19554700,"netValueRatio":0.1034,"quarterlyChange":0.052876167240301974,"stock":{"stockCode":"600519","exchange":"sh","stockType":"company","tickerId":600519,"name":"贵州茅台"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":300750,"holdings":46897,"marketCap":18838524,"netValueRatio":0.0996,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":600660,"holdings":328800,"marketCap":18741600,"netValueRatio":0.0991,"quarterlyChange":-0.11996294580824485,"stock":{"stockCode":"600660","exchange":"sh","stockType":"company","tickerId":600660,"name":"福耀玻璃"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":300628,"holdings":320409,"marketCap":10490190,"netValueRatio":0.0555,"quarterlyChange":-0.08162692847124864,"stock":{"stockCode":"300628","exchange":"sz","stockType":"company","tickerId":300628,"name":"亿联网络"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":603338,"holdings":205500,"marketCap":9942090,"netValueRatio":0.0526,"quarterlyChange":-0.14583333333333215,"stock":{"stockCode":"603338","exchange":"sh","stockType":"company","tickerId":603338,"name":"浙江鼎力"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":601799,"holdings":79343,"marketCap":9680639,"netValueRatio":0.0512,"quarterlyChange":-0.011023749696037144,"stock":{"stockCode":"601799","exchange":"sh","stockType":"company","tickerId":601799,"name":"星宇股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":2714,"holdings":230300,"marketCap":9605813,"netValueRatio":0.0508,"quarterlyChange":-0.17536575721629122,"stock":{"stockCode":"002714","exchange":"sz","stockType":"company","tickerId":2714,"name":"牧原股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":600809,"holdings":64080,"marketCap":9167284,"netValueRatio":0.0485,"quarterlyChange":-0.16680256260920212,"stock":{"stockCode":"600809","exchange":"sh","stockType":"company","tickerId":600809,"name":"山西汾酒"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":2595,"holdings":114100,"marketCap":9034438,"netValueRatio":0.0478,"quarterlyChange":-0.06306945923559248,"stock":{"stockCode":"002595","exchange":"sz","stockType":"company","tickerId":2595,"name":"豪迈科技"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000005596,"stockId":601138,"holdings":169200,"marketCap":8707032,"netValueRatio":0.0461,"quarterlyChange":-0.16619693163324978,"stock":{"stockCode":"601138","exchange":"sh","stockType":"company","tickerId":601138,"name":"工业富联"}}],"lastFsMetrics":{"latestTurnoverRate":0.3655561864050699,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e7d56f6201787ae129f03d","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，受出口端景气回升的拉动，2026年一季度国内经济呈现弱复苏格局。制造业采购经理指数（PMI）重返荣枯线上方，其中新订单指数和生产指数均有所改善，显示出需求端的边际回暖。同时，原材料购进价格指数止跌回升，暗示上游通缩压力有所缓解，但终端需求依然偏弱，复苏基础尚不牢固。此外，中东地缘政治局势持续紧张，美伊冲突成为主导全球宏观经济预期的核心变量。全球金融市场普遍对地缘政治不确定性进行风险定价，避险情绪升温，原油、黄金等资产价格波动加剧，对国内输入性通胀和外部需求预期形成扰动。　　一季度A股市场先扬后抑，主要指数走势分化。上证综指累计跌1.94%，沪深300跌3.89%，中证500涨2.03%，创业板指跌0.57。市场风格偏向小盘，显示资金在弱复苏环境下更青睐中小市值标的。行业方面，受地缘冲突推升能源价格影响，煤炭、石油石化、电力及公用事业板块涨幅居前；而非银金融、消费者服务、商贸零售等内需相关板块表现疲弱，反映市场对消费复苏与信用扩张仍持谨慎态度。　　本基金在一季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","lastUpdated":"2026-04-21T19:52:15.283Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1469802","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cb0869fdcc8e121e78b051","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000005596,"sao":"2025年，中国宏观经济运行呈现显著的“前高后低”特征。全年实际GDP同比增长5.0%，恰处年初“5%左右”增长目标的区间。节奏上看，四个季度实际增速逐季放缓，分别为5.4%、5.2%、4.8%和4.5%。但更值得关注的是名义增长与实际增长之间的显著背离——受制于全年有效需求不足及价格中枢持续承压，名义GDP同比仅增长4.0%，名义增速低于实际增速的“温差”格局贯穿全年。政策层面，全年定调可概括为“托而不举、以质为先”。宏观政策保持了较强战略定力，未采取大规模需求侧刺激，而是将重心锚定中长期结构调整与高质量发展。　　市场层面，A股呈现“先抑后扬、结构极致”的运行格局。上半年受中美贸易摩擦扰动及外部不确定性压制，市场风险偏好阶段性受抑；下半年随着我国在贸易领域展现较强应对能力，叠加“东升西降”叙事逻辑推动市场走强。全年主要股指录得可观涨幅：上证综指上涨18.41%，沪深300上涨17.66%，创业板指大涨49.57%，微盘股指数更是飙升70.70%。风格层面，全年呈现清晰的“小盘优于大盘、成长强于价值、主题先于基本面”的特征。行业分化极为显著。上游资源与科技成长领涨：受地缘政治冲突升级及避险需求驱动，黄金、能源金属等资源品板块表现强势，带动有色金属行业涨幅居首；AI产业趋势超预期催化下，通信、电子行业涨幅分列二、三位，反映出市场对科技创新主线的强烈共识。顺周期与消费板块显著承压：受内需疲弱、价格低迷及禁酒令等因素叠加影响，食品饮料、煤炭、房地产产业链表现持续落后，凸显出宏观需求端疲软对相关行业的传导效应。　　本基金在25年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司所处赛道前景广阔；2）公司拥有深厚且可持续的竞争优势；3）公司管理层卓越、治理结构优良。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","lastUpdated":"2026-03-30T23:34:01.370Z","mo":"展望2026年，宏观层面的核心命题是增长底部的确认与企稳信号的验证。鉴于2025年经济增速呈逐季放缓态势，2026年上半年能否实现环比企稳、进而开启温和复苏周期，将是决定市场走向的关键变量。　　市场层面，A股在经历连续两年估值修复后，当前整体估值已回升至历史中枢偏上位置，部分赛道交易拥挤度偏高。展望未来，市场进一步上行的驱动力将发生切换——从估值扩张的单轮驱动转向盈利验证与估值匹配的双轮驱动。基本面兑现能力、盈利增长质量及现金流改善程度，将成为决定行情持续性的核心变量。　　操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1451480","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ebe","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-24T16:00:00.000Z","stockId":3000000005596,"sao":"宏观经济方面，2025年三季度国内需求仍显不足，房地产与消费表现相对疲弱，经济增长动能出现边际回落，整体经济面临一定的增长压力。价格层面，尽管国家启动了新一轮“反内卷”措施以试图扭转价格下行趋势，但由于缺乏需求端政策的有效配合以及政策效果释放尚需时间，三季度价格类指标整体仍于低位区间徘徊。　　市场表现方面，三季度A股市场整体呈现突破性上涨，所有主要指数均实现可观涨幅。具体来看，上证综指上涨12.73%，沪深300指数上涨17.90%，创业板指涨幅尤为显著，达到50.40%。从行业角度看，受海外人工智能技术快速发展的推动，与海外AI产业链关联度较高的通信、电子等行业涨幅居前。此外，受益于黄金等大宗商品价格上涨，有色金属板块同样表现亮眼。相比之下，估值偏低、风格稳健的板块如银行、公用事业及交通运输等行业表现相对落后。　　本基金在三季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","lastUpdated":"2026-03-09T13:19:11.964Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1371552","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ebd","date":"2025-06-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，上半年，我国宏观经济总体呈现稳中向好态势，实际GDP累计同比增长5.3%，为实现全年经济增长目标奠定了坚实基础。然而，值得注意的是，供需结构失衡持续压制价格表现，名义增速显着走弱，累计增幅仅为4.3%。“有量无价”特征凸显，微观主体的经营感受仍普遍偏弱。在此背景下，政策取向兼顾长短期目标，在积极统计数据的映衬下，更倾向于“细水长流”，体现了既要稳增长、又要优化结构的长期思路。　　市场层面，上半年A股市场整体表现一波三折。一季度，得益于经济数据向好及人工智能标志性事件（如DeepSeek的崛起）的催化，市场显著上行。4月初，美国超预期加征全球关税引发国际经贸紧张局势升级，导致市场大幅调整。5月，随着关税摩擦阶段性缓和，市场再度迎来反弹行情。纵观整个上半年，主要股指表现分化：上证综指上涨2.76%，沪深300微涨0.03%，创业板指上涨0.53%。风格层面，小盘股显著占优，其中国证2000指数涨幅达10.70%，微盘股指数更是大幅上涨36.41%。行业层面，受避险资金青睐的有色金属与银行板块领涨，AI应用加速落地驱动的传媒行业亦表现亮眼。反之，与国内终端需求关联度较高的煤炭、食品饮料、房地产等行业则表现疲软，跌幅居前。　　本基金在25年上半年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司所处赛道前景广阔；2）公司拥有深厚且可持续的竞争优势；3）公司管理层卓越、治理结构优良。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.961Z","mo":"宏观层面，展望下半年，我们认为宏观经济面临增长动能放缓的压力，需高度关注出口态势、房地产行业企稳进展以及内需消费复苏力度等边际变化。政策层面，虽然经济总量数据显示韧性，但价格数据持续低于预期，反映出深层次的结构性问题。对此，国家已启动新一轮行业“反内卷”行动。我们期待下半年在供给端结构性改革持续推进的同时，能否有需求侧政策的协同发力，以系统性扭转实体经济面临的供需失衡与价格低迷困局。　　市场层面，尽管实际GDP增长稳健，但受价格低迷拖累，多数上市公司盈利表现不尽如人意。在此背景下，我们的投资将更加聚焦于企业自身的核心竞争力和难以复制的护城河，致力于发掘真正具备穿越经济周期能力的优质标的。长期而言，我们高度看好“出海全球化拓展”与“AI技术革命及应用”两大战略方向带来的广阔机遇；短期内则密切关注“反内卷”相关政策落地及其影响传导。本基金将严守能力圈边界，保持冷静客观，审慎分析未来机遇与风险，坚定不移地践行长期投资理念，力求每一笔投资都对基金持有人高度负责。　　操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1345438","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ebc","date":"2025-03-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，一季度国内经济弱复苏。政策方面，两会提出“5%左右”的增长目标。我们认为在贸易摩擦不断加剧的背景下，外需将面临更多的不确定性。达成全年5%左右的GDP目标，需要内需政策持续加码，政策的力度和时机显得尤为重要。　　市场层面，一季度，A股市场整体呈现窄幅震荡走势。从主要指数表现来看，上证综指微跌0.48%，沪深300指数下跌1.21%，而中证500指数则上涨2.31%，创业板指下跌1.77%。市场风格方面，成长股表现优于价值股，小盘股相对大盘股更具活力，展现出更强的上涨动力。在行业板块表现上，有色金属行业涨幅居首，这主要得益于黄金价格在一季度的持续上涨，为相关企业带来了丰厚的利润增长预期。与此同时，国内科技领域也取得了显著进展，DeepSeek等大模型在一季度取得突破性成果，这一技术突破带动了与之相关的多个行业板块的活跃表现，智驾相关的汽车板块、人形机器人相关的机械板块以及大模型应用相关的计算机板块涨幅均较为靠前，反映出市场对于科技前沿领域的高度关注与积极追捧。然而，与内需相关的部分传统行业，如煤炭、零售、非银行金融等，在一季度表现相对较弱，出现了不同程度的下跌。　　本基金在一季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.959Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1268553","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ebb","date":"2024-12-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，2024年中国经济总体呈现“前高中低后高”的特征。一季度GDP增速5.3%并超市场预期。随后由于内需不足，地产、消费相对偏弱，经济动能边际回落。二季度、三季度GDP增速分别回落至4.7%和4.6%。9月底，中央政策转向，明确指出要加大财政货币政策逆周期调节力度，强调要促进房地产市场止跌回稳，努力提振资本市场，帮助企业渡过难关。随后，各部委纷纷出台一系列稳增长政策。四季度GDP增速回升至5.4%。全年顺利完成2024年经济社会发展5%GDP增长的目标。　　在市场层面，A股市场呈现出前低后高的走势。前三季度，市场在风险偏好低迷以及经济波动的双重影响下，一直处于低位震荡状态，投资者情绪较为谨慎，市场缺乏明确的方向与持续的上涨动力。但到了三季度末，随着中央政策的转向，市场仿佛迎来了破晓之光，大幅反弹，投资者信心重归，资金纷纷入场，市场活跃度显著提升。从全年数据来看，上证综指上涨12.67%，沪深300上涨14.68%，创业板指上涨13.23%。展现出市场整体向好的态势。从风格角度来看，红利风格在2024年表现极为突出。在经济波动与市场不确定性增加的背景下，红利风格资产以其稳定的股息收益和相对较低的估值，成为投资者的 “避风港”，受到市场的青睐与追捧。在行业层面，低估值高股息的银行、家电行业表现较为亮眼。与此同时，与市场成交量高度相关的非银行金融行业也表现居前。但另一方面，受内需不足的影响，医药、农林牧渔和消费者服务行业跌幅较大。　　本基金在24年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.956Z","mo":"展望2025年，我们认为在贸易摩擦不断加剧的背景下，外需将面临更多的不确定性。宏观经济的平稳增长将更多依赖于内需，而内需将取决于国内稳增长政策的力度和持续性。我们会密切跟踪相关变化。　　市场层面，我们主要关注三类投资机会。1）随着AI不断进步，市场能否出现爆款应用，形成清晰的商业模式，使AI投资从主题投资过渡到基本面投资；2）国内稳增长政策的持续性和力度能否从根本上扭转内需不足的问题，带来顺周期板块的投资机会；3）国内出海企业能否冲破重重壁垒，从国内优秀企业升级为跨国优秀企业。　　操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选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=1248173","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eba","date":"2024-09-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，3季度国内经济增长压力逐步加大。9月26日，中央政治局会议政策转向，明确指出要加大财政货币政策逆周期调节力度。强调要促进房地产市场止跌回稳，努力提振资本市场，帮助企业渡过难关。随后，相关部委纷纷出台一系列稳增长政策。具体政策效果有待后续检验。　　市场层面，3季度市场先抑后扬。季末随着政策转向，市场大幅反弹。整个3季度，上证综指上涨12.44%，沪深300指数上涨16.07%，中证500指数上涨16.19%，创业板指上涨29.21%。行业方面，与股票市场成交量高度相关的非银金融，与稳增长政策相关的房地产和消费者服务领涨。另一方面，稳定类的石油石化、煤炭、电力及公用事业涨幅较小。　　本基金在3季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.953Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2024年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170704","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb9","date":"2024-06-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，上半年经济总体呈现“总量前高后低、结构内冷外热”的特征。一季度GDP增速5.3%超过全年目标。但二季度以来，由于内需不足，地产、消费相对偏弱，经济动能边际回落，GDP增速回落到4.7%。政策方面，在经济整体较弱的背景下，中央出台了部分稳增长的政策，但力度相对克制。政策倾向于细水长流，体现出既要稳增长又要调结构的长期思路。　　市场层面，上半年A股市场呈现一波三折的特征。年初市场在宏观预期悲观、风格切换、小盘流动性危机下一度跌至2635点。随后预期修复，叠加总量政策不断加码，市场底部反弹至3100以上。2季度以来随着国内经济数据持续走弱，市场预期再度降温。整个上半年，上证综指下跌0.25%，沪深300上涨0.89%，创业板指下跌10.99%。风格层面，红利风格表现突出，大市值明显跑赢小市值。行业层面，在经济预期较弱的背景下，高分红，低估值的银行、煤炭、石油石化、家电表现较好。另一方面，与消费关联度较高的消费者服务、商贸零售以及高估值的计算机、传媒等行业跌幅居前。　　本基金在24年上半年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.951Z","mo":"展望2024年下半年，我们认为在贸易摩擦不断加剧的背景下，外需将面临更多的不确定性。内需方面，我们期待并关注中央能否出台强有力的稳增长政策，以扭转实体经济普遍面临的信心不足、预期不高的现状。　　市场层面，当前国内宏观回报率下行，经济从高增长阶段步入高质量发展阶段。在宏观经济整体降速的背景下，高速增长的投资机会将越来越少。我们会更多的关注投资标的自身的核心竞争力，以寻找能真正穿越周期的优质公司。我们希望在自己的能力范围内，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。　　操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2024年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1143306","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb8","date":"2024-03-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，1季度国内经济弱复苏。政策方面，两会提出“5%左右”的增长目标，全年国内政策大概率倾向于细水长流，既要稳增长又要调结构。　　市场层面，一季度市场深V反转，先跌后涨。上证综指上涨2.23%，沪深300指数上涨3.10%，中证500指数下跌2.64%，创业板指下跌3.87%。行业方面，低估值的石油石化、家电、银行和煤炭领涨。另一方面，估值相对较高的医药、电子等行业领跌。风格方面，大盘股优于小盘股，价值股强于成长股。　　本基金在1季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.948Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2024年度第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067791","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb7","date":"2023-12-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，2023年中国经济总体处于疫后恢复期，在低基数的背景下，GDP全年增长5.2%。从全年经济修复节奏来看，2023年中国经济运行呈现“曲折式前进”的特征。一季度开门红、二季度下行压力加大、三季度逐步恢复，四季度再次回落。政策层面，2023年总量政策整体保持克制，结构上更聚焦高质量发展，科技创新引领现代化产业体系建设是重中之重。　　市场层面，2023年A股先涨后跌。1季度经济小阳春，市场迎来开门红。随后伴随经济下行压力逐步加大，市场逐季下跌。全年上证综指下跌3.70%，沪深300下跌11.38%，创业板指下跌19.41%。在整体经济较为低迷的背景下，主题投资和高股息策略占优。行业方面，受AI+的催化，通信、传媒领涨，低估值高股息的煤炭、家电也录得正收益；另一方面，与经济相关度较高的消费者服务、房地产、电力设备新能源跌幅较大。　　本基金在23年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.946Z","mo":"展望2024年，两会给出了GDP增长5%左右的目标。考虑到2023年基数不低，需要更为积极的宏观政策才能得以保障。国家正处于新旧动能的转型期，转型期间经济的波动会比较大，政策的调整也会比较多，我们会密切关注相关变化。　　市场层面，A股市场连跌两年，整体估值处于历史偏低的位置。我们预计24年市场会出现较多结构性机会。我们希望在自己的能力范围内，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。　　操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2023年度年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1050997","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb6","date":"2023-09-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，3季度国内经济增长压力逐步加大。7月政治局会更加强调稳增长的重要性，明确表示要加强逆周期调节和政策储备。8月中央陆续出台了一系列稳地产、化解地方政府债务的政策，具体政策效果需要时间验证。  市场层面，3季度市场震荡下跌。上证综指下跌2.86%，沪深300指数下跌3.98%，中证500指数下跌5.13%，创业板指下跌9.53%。行业方面，稳增长相关的低估值行业表现较好。煤炭、非银、石油石化、银行和房地产等行业逆势上涨。另一方面，上半年涨幅较大的传媒和计算机领跌。供需逆转的电力设备新能源和受反腐影响的军工表现也不理想。  本基金在3季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.943Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2023年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=984014","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb5","date":"2023-06-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，上半年经济是波浪式发展、曲折前进的过程。1季度，疫情得到有效控制，消费逐步正常化，引领经济向潜在增长水平回归。2季度，在疫后回补式消费高峰结束后，国内经济增长逐步显现出疲态。需求不足、投资不足、信心不足使得经济增长压力逐步加大。政策层面，上半年两会提出全年5%左右经济增长目标，4月政治局会议定调宏观政策既要稳增长又要调结构。上半年出台政策相对克制。  市场层面，2023年上半年A股先涨后跌，与经济环比走势较为一致。上证综指上涨3.65%，沪深300下跌0.75%，创业板指下跌5.61%。在整体经济较为低迷的背景下，主题投资盛行。行业方面，受AI+的催化，通信、传媒、计算机领涨行业；另一方面，与经济相关度较高的消费者服务、房地产跌幅较大。  本基金在23年上半年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.941Z","mo":"展望2023年下半年，我们认为疫后复苏将是波浪式的过程。随着2季度经济压力加大，下半年政策重心会更偏向稳增长。在政策和经济周期的共同作用下，下半年经济有望逐步企稳。  市场层面，在经济逐步触底企稳的过程中，上半年调整较为充分的顺周期类资产有望迎来转机。考虑到股票市场整体估值处于历史偏低位置，我们预计市场会出现较多结构性机会。我们希望在自己的能力范围内，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。  操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2023年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=961681","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb4","date":"2023-03-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，1季度国内经济疫后复苏，消费正常化引领经济增速向潜在增长水平回归。政策方面，3月5日两会提出“5%左右”的增长目标，全年国内政策大概率倾向于细水长流，既要稳增长又要调结构。  市场层面，一季度市场小幅上涨。上证综指上涨5.94%，沪深300指数上涨4.63%，中证500指数上涨8.11%，创业板综指上涨2.25%。行业方面，受ChatGPT催化，计算机、传媒、通讯、电子领涨。另一方面，22年相对抗跌的房地产、消费者服务和银行表现较弱。市场结构分化严重，主题投资盛行。  本基金在1季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.938Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2023年度第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=886476","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb3","date":"2022-12-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，国内疫情全面扩散，地缘政治风险加剧，美联储加速加息等不利因素在2022年形成共振。疫情管控方面，中央不断优化疫情管控方案，老百姓最终成为了自己健康的第一责任人，各地疫情先后于年底附近到达高峰。政策方面，面对复杂的国内外形势，中央采取了更加积极的货币政策和财政政策，努力稳住经济的基本盘。4季度党的二十大在北京胜利召开，新一代领导班子与公众见面。  市场层面，2022年A股市场出现大幅调整。上证综指下跌11.9%，沪深300下跌19.1%，创业板指下跌27.1%、科创50下跌28.4%。整体价值风格占优。行业方面，中信30个行业中3个行业上涨，分别是煤炭、消费者服务和交通运输。跌幅较多的是偏成长风格且估值较高的电子、国防军工、计算机和传媒等行业。  本基金在22年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.935Z","mo":"展望2023年，我们认为宏观经济的关键词是“正常化”。2023年疫情虽然仍可能有所反复，但影响最大的第一轮冲击已经过去。参考海外经验，国内生产生活将逐步回归正常化。经济增速有望回归到潜在经济增长水平附近。相应的，政策也可能在23年的某个时间回归常态。  市场层面，虽然结构分化较大，但股票市场整体估值处于历史偏低位置。我们预计随着宏观经济和政策逐步达到新的均衡，市场会出现很多结构性机会。我们希望在自己的能力范围内，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。  操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在符合国家战略发展方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2022年度年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=868816","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb2","date":"2022-09-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，三季度疫情呈现散点多发的态势，海外紧缩压力尚未解除，地缘政治风险有所上升，国内宏观经济整体处于弱复苏的状态。政策方面，国内政策以我为主，倡导疫情要防住、经济要稳住、发展要安全的思想。稳增长政策出台较为克制，强调从长计议。  市场层面，三季度市场普遍下跌，上证综指下跌11.01%，沪深300指数下跌15.16%，中证500指数下跌11.47%，创业板综指下跌18.56%。行业层面，30个中信一级行业中仅有煤炭一个行业获得正收益，其他29个行业均出现不同程度的下跌。在下跌板块中，建材受地产断供事件影响跌幅居首；电子、传媒、医药等成长类板块也表现不佳。相对而言，电力、石油石化等价值类板块较为抗跌。  本基金在三季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家战略发展方向上的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.933Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2022年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=804670","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb1","date":"2022-06-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，地缘政治风险加剧，疫情进一步恶化，美联储加速加息等不利因素在上半年发生共振。特别是4、5月份新冠疫情在上海等地相继出现爆发。针对国内疫情防控，党中央坚决执行动态清零的政策，6月份各地疫情逐步得到有效控制。面对上半年不断下行的宏观经济，中央果断采取了更加积极的货币政策和财政政策，努力稳住经济的基本盘。  市场层面，A股市场V型走势。前4个月，市场大幅下跌。后2个月，在疫情拐点出现，刺激政策不断加码的背景下，市场超跌反弹。整个上半年，上证综指下跌6.63%，沪深300下跌9.22%，创业板指下跌15.41%，整体价值风格占优。行业方面，中信30个行业中3个行业上涨，分别是煤炭、消费者服务和交通运输。跌幅较多的是估值较高的电子、传媒、计算机和国防军工等行业。  本基金在22年上半年始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.930Z","mo":"展望2022年下半年，在不出现极端风险事件的前提下，国内经济将进入疫后逐步复苏的阶段。我们预计实际GDP增长将从2季度0.4%回升至4季度4%-5%。相应的，政策也将回归常态。  市场层面，虽然结构分化较大，但股票市场整体估值处于历史偏低位置。我们预计随着宏观经济和政策逐步达到新的均衡，市场会出现很多结构性机会。我们希望在自己的能力范围内，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。  操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在国家战略发展方向上重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2022年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=783198","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eb0","date":"2022-03-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，地缘政治风险加剧，疫情进一步恶化，美联储加速加息等不利因素在一季度发生共振，宏观经济下行压力有所加大。政策方面，国内稳增长的导向更加明确，但受制于淡季等因素，稳增长政策效果尚未完全显现。  市场层面，一季度市场普遍下跌，上证综指下跌10.65%，沪深300指数下跌14.53%，中证500指数下跌16.36%，创业板综指下跌19.96%。行业方面，30个中信一级行业中仅有煤炭、房地产和银行等三个行业上涨，其他行业均出现不同程度的下跌。一方面，受利率上行压制的成长板块跌幅明显，如电子、军工、汽车、计算机、新能源等行业；另一方面，受国内局部疫情扩散压制的消费板块，如食品饮料、消费者服务、交通运输、家电等行业也表现不佳。  本基金在1季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.928Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2022年度第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=723578","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eaf","date":"2021-12-30T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，2021年中国经济先后经历了复苏-滞胀-衰退的阶段，进入四季度，中国经济基本面逐渐从三季度“类滞胀”特征转向“衰退”特征，当前处于明显的下行压力和确定的政策宽松的交叉阶段。  市场层面，2021年A股市场结构性行情特征显著。市场整体走平，风格方面，中小盘指数显著跑赢大盘指数；行业上，一方面能耗双控限电限产等供给因素主导下，有色、煤炭、钢铁、化工为代表的涨价周期品涨幅较大，同时以新能源产业链、半导体、军工、装备制造为代表的高景气高端制造板块涨幅靠前；另一方面大消费板块大幅跑输。我们认为今年以来行业轮动的变化和国内自上而下共同富裕、碳中和的政策思路，以及疫情影响下上游资源品供需失衡、消费复苏偏弱有密切关系。  本基金在21年始终保持中性仓位。在宏观政策不确定性加大的背景下，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。长期来看，我们坚信这套从公司基本面出发，兼顾估值的价值成长投资方法会取得良好的投资回报。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.925Z","mo":"展望2022年，国内经济增长将进一步下台阶，同时随着PPI高位回落，A股也将进入盈利下行周期。流动性方面，预计国内货币政策易松难紧，但需要关注中美货币政策周期错位，美联储加息预期发酵带来的阶段性压力。政策方面，在经济下行压力不断加大的背景下，稳增长将成为2022年的政策主线。  市场层面，过去3年股票市场结构性牛市，整体估值水平上移，估值分化程度也达到历史极值水平。一方面，部分受益于结构性政策的热门赛道受到资金的集中追捧，股票价格快速上涨，公司估值水涨船高。另一方面，很多冷门行业股票，随着资金不断抽离，估值仍处于历史低位。我们看到中央已经开始对过去某些政策（如碳达峰、共同富裕等）在执行层面进行纠偏，稳增长被重新摆在了更加重要的位置上。我们预计2022年将是市场结构再均衡的一年，稳增长相关受益板块有望成为市场的主线。  操作层面，我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2021年度年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=711972","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eae","date":"2021-09-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，3季度层出不穷的运动式减排和拉闸限电对宏观经济产生显著影响。一方面，经济增长出现放缓的苗头，PMI等领先指标拐头向下；另一方面，大宗商品价格持续上涨，PPI等指标维持高位。9月末，中央出台了系列的纠偏政策，效果需要进一步观察。  市场方面，上证综指下跌0.64%，创业板指下跌6.69%。大小盘分化明显，代表小盘股的中证500和中证1000分别上涨4.34%和4.54%，代表大盘股的上证50和沪深300指数分别下跌8.62%和6.85%。行业层面两极分化，煤炭（上涨40.87%）、有色金属（上涨26.63%）、钢铁（上涨22.46%）涨幅居前。拉闸限电和运动式减排使传统周期行业供给受限，供不应求带来产品价格大幅上涨。另一方面，消费者服务、医药、食品饮料、家电等传统消费下跌较多。疫情反复导致消费景气度不及预期，相关行业出现了不同程度的调整。  本基金在三季度始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.922Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2021年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=652227","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ead","date":"2021-06-29T16:00:00.000Z","stockId":3000000005596,"sao":"宏观层面，随着疫苗逐步落地、新冠疫情逐步受控，全球经济在今年总体进一步复苏，但各国、各部门的复苏节奏不一导致的供需错配、结构分化，成为影响年初至今资产价格演绎的核心逻辑。一是商品价格大幅上涨，通胀大超市场预期，二是结构性复苏不均匀下国内外央行继续维持偏宽松的流动性环境。  市场层面，今年上半年全球资产总体呈现典型的“复苏交易”特征，大宗商品领涨，其次是股票，债券市场表现较弱。国内方面，A股市场上半年总体小幅上涨，同时成长结构性行情突出，上证综指上涨3.4%，沪深300上涨0.2%，创业板指上涨17.2%。行业方面，领涨行业主要为两大板块，一方面是受复苏交易和供给受限驱动的涨价周期品，如化工、钢铁、煤炭、有色；另一方面是受益于流动性宽松的高景气高弹性成长板块，如新能源汽车、半导体、医药等。上半年价值类行业表现不佳，其中非银行金融、家电、房地产等表现较弱。  本基金在21年上半年始终保持中性仓位。在宏观不确定性加大的背景下，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。市场短期虽然有波动，但长期来看，我们坚信这套从公司基本面出发，兼顾估值的投资方法会取得良好的投资回报。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.919Z","mo":"展望2021年下半年，国内经济增长动能相继回落，我们预计实际GDP增长将从2季度8.5%左右回落至4季度5%-6%水平。随着下半年经济增长压力逐渐放大，政策重心将从前期调结构逐渐向稳增长边际倾斜。  市场层面，股票市场持续上涨，整体估值水平上移，估值分化程度也达到历史极值水平。一方面，部分热门赛道受到资金的集中追捧，股票价格快速上涨，公司估值水涨船高。大比例参与热门赛道只能采取远期估值法（如2025年甚至2030年估值），或者转型为趋势投资者，放弃估值的约束。另一方面，很多冷门行业股票，随着资金不断抽离，估值仍处于历史低位。我们希望在极度分化的市场中，保持冷静客观的态度，认真分析未来的机遇和风险，坚持长期投资理念，每一笔投资都能对投资人负责。  操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在符合国家战略发展方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2021年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=632377","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eac","stockId":3000000005596,"sao":"宏观层面，一方面，随着疫苗的逐步接种，经济快速走出疫情的阴霾，多种大宗商品创出或接近历史新高。另一方面，货币政策逐步回归正常，2020年超宽松的流动性环境也将一去不复返。我们判断21年市场将会在经济复苏和政策退出之间反复进行博弈。  市场层面，1季度市场先扬后抑，上证综指下跌0.90%，创业板指下跌7.00%。年初，春季躁动市场大幅上涨，3月份后流动性出现收紧的苗头，市场随之回调。整个1季度，价值类板块表现较好。行业方面，受益于碳达峰、碳中和主题，钢铁、电力公用事业涨幅居前，低估值顺周期的银行、建筑业也录得可观的正收益。另一方面，高估值强贝塔属性的国防军工、非银行金融、通信、计算机跌幅较大。  本基金在1季度始终保持中性仓位。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效途径。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.916Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2021年度第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=568719","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eab","stockId":3000000005596,"sao":"宏观层面，2020年宏观经济呈现“V型”走势。一季度，突如其来的新冠疫情打乱了中国经济原本的趋势和节奏，并给中国经济甚至全球经济带来休克式停滞。二季度后，随着国内疫情的逐步控制，货币财政政策的积极配合，国内经济活动和企业生产经营逐步恢复。2020年四个季度，GDP增速分别对应-7—3—5—6，呈现出深V反转的特征。  市场层面，2020年股票市场与宏观经济一样呈现V型形态。疫情冲击之下一季度权益市场明显下跌。二季度，随着临时性宽松政策的出台，权益市场开始强力反弹。三、四季度，随着疫情逐步控制和经济逐步恢复正常，权益市场震荡上行。全年来看，股票市场普涨，同时结构性行情突出，上证综指上涨13.86%，沪深300上涨27.21%，创业板指上涨64.94%。行业方面，在流动性宽松的背景下，业绩确定性较强的高景气板块显著跑赢，休闲服务（99.37%）、电气设备（94.71%）、食品饮料（84.97%）涨幅居前。房地产（-10.85%）、通信（-8.33%）、建筑（-7.92%）跑输市场。  本基金在20年始终保持中性仓位。在市场波动性加大的背景下，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。20年，我们努力寻找并集中持有了一批行业景气度平稳向上，公司竞争优势明显、管理层优秀且估值相对合理的个股，取得了一定的成果，获得了较高的正收益，排名在同类基金中靠前。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.914Z","mo":"展望2021年，随着疫苗推出，疫情对中国以及全球经济的影响逐步消退，经济与政策将会回归常态。我们判断21年市场将会在经济复苏和政策退出之间进行博弈。盈利角度，21年A股业绩明确好转，A股非金融企业盈利将会延续20Q2以来的改善趋势。估值方面，考虑到货币政策回归正常化，市场整体估值中枢将会下移。综合考虑下，我们认为2021年市场预期回报率将会低于2020年。  中期维度，在宏观经济波动降低背景下，“十四五”规划落地，金融市场改革、注册制加速推进，中长期增量资金持续入市，我们认为市场投资逻辑从总量转向结构性亮点，结构性牛市有望继续演绎，经营优秀的企业能在中长期仍能获得较好的回报。  操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=556403","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485eaa","stockId":3000000005596,"sao":"宏观层面，随着国内疫情的逐步控制，国内经济活动和企业生产经营逐步恢复。三季度延续了二季度经济复苏的态势。在经济逐步恢复正常的过程中，中央保持了政策的一贯性和平稳性，始终坚持稳健的货币政策和积极的财政政策。  市场方面，上证综指上涨7.82%，创业板指上涨5.60%。行业层面，国防军工（上涨32%）、消费者服务（上涨27%）、电力设备和新能源（上涨24%）排名靠前。受地缘政治和军工订单超预期的影响，军工领涨所有行业。免税政策利好不断，消费者服务排名第二。新能源汽车和新能源发电基本面出现向上拐点，也录得较高涨幅。另一方面，通信、商贸零售、综合金融和计算机下跌较多。美国对华为等高科技企业的制裁对TMT行业影响较大，相关行业出现了不同程度的跌幅。  本基金在三季度始终保持中性仓位，持仓以估值合理的优质公司为主。我们认为，以合理的价格买入优质公司并长期持有是持续获得超额回报的有效方法。本基金会在符合国家战略发展方向的行业里，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.911Z","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2020年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=488291","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8cf7fea5b3eb0485ea9","stockId":3000000005596,"sao":"宏观层面，2020年上半年中国GDP实际同比-1.6%。一、二季度GDP实际增速分别为-6.8%、3.2%，宏观经济形势呈现“V型”走势。一季度，突如其来的新冠疫情打乱了中国经济原本的趋势和节奏，并给中国经济甚至全球经济带来阶段性停滞。二季度，随着国内疫情的逐步控制，国内经济活动和企业生产经营逐步恢复。上半年，宏观经济呈现V型反转。政策层面，5月下旬召开的全国两会对全年政策做出定调，政策重点是内外部环境挤压之下“以保促稳”，在疫情防控常态化的前提下努力实现经济活动平稳运行。      市场层面，今年以来股票市场与经济基本面一样呈现V型形态。疫情冲击之下一季度权益市场明显下跌，随着政策宽松和经济恢复，二季度权益市场开始强力反弹。整个上半年，上证综指下跌2.15%，沪深300指数上涨1.64%，创业板指数上涨35.6%。行业层面，医药、消费者服务和食品饮料涨幅居前。与防疫相关的医药领涨所有行业。消费者服务受益于海南免税政策，食品饮料受益于内需刺激，两个行业也录得可观的涨幅。另一方面，顺周期相关的石油石化、煤炭、银行等行业表现不佳，跌幅较大。  本基金始终保持中性仓位。在宏观因素不确定性加大的背景下，持仓以估值合理的优质公司为主。我们认为，以合理价格买入优质公司并长期持有是持续获得超额回报的有效方法。优质公司包含三个要素：1）公司处于好的赛道中；2）公司拥有深的护城河；3）公司管理层优秀、治理结构良好。2020年，我们努力寻找并集中持有了一批行业景气度平稳向上，公司竞争优势明显、管理层优秀且估值相对合理的个股，获得了可观的正收益。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:19:11.908Z","mo":"过去一年半以来，股票市场持续上涨，整体估值水平上移，估值分化达到历史极值水平。一方面，成长型行业估值达到历史较高分位；另一方面，传统顺周期行业估值仍处在历史底部。我们认为随着下半年经济逐步恢复，处于历史底部的顺周期行业具备较好的投资机会。      操作层面，我国经济正在由高速增长阶段转向高质量发展阶段。在新旧动能转换的过程中，必然会有一批优秀公司脱颖而出。本基金会在符合国家重点战略方向的领域，重点布局竞争优势明显、管理层优秀、估值相对合理的优质成长股和价值成长股，力求赢得长期稳定的回报。","fund":{"_id":3000000005596,"stockCode":"005596","stockType":"fund","areaCode":"cn","followedNum":9,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-02-22T16:00:00.000Z","setUpScale":310140000,"market":"a","tickerId":5596,"custody":"交通银行股份有限公司","name":"建信战略精选灵活配置混合型证券投资基金","shortName":"建信战略精选灵活配置混合(005596)","fundSecondLevel":"hybrid","__csrcFundId":5238,"fundStatus":"normal","lastUpdated":"2026-04-30T19:42:24.583Z","masterFundFlag":1,"inceptionDate":"2018-04-03T16:00:00.000Z","fundCollectionId":4000050500000,"currency":"CNY","masterFundShortName":"建信战略精选灵活配置混合","pinyin":"jxzljxlhpzhhxzqtzjj","managers":[{"stockCode":"8801397191","stockType":"fund_manager","exchange":"fm","tickerId":230410152530,"name":"王东杰"}]},"announcement":{"linkText":"建信战略精选灵活配置混合型证券投资基金2020年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=456234","linkType":"PDF","source":"csrc_pdf"}}]}