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年6月18日，美联储FOMC会议宣布维持基准利率在4.25%-4.50%不变。会议前暂停降息已是市场共识，因此没有意外。相比之下，市场更关注的是美联储如何调整经济数据和未来降息路径，即“点阵图”。5月关税“降级”以来，非农就业数据仍然强劲，5月的整体和核心CPI也均低于市场预期，一定程度上缓解了滞胀担忧，也给货币政策以更多腾挪空间。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1339988","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055119c","date":"2025-03-30T16:00:00.000Z","stockId":3000000206011,"sao":"今年3月19日，美联储FOMC会议宣布维持基准利率在4.25%-4.50%不变，点阵图暗示今年晚些时候可能会两次降息25个基点，与三个月前的预测中值相同。但本次FOMC会议中认为降息一次或更少的官员数量增多，传递出一定的“鹰派”信号。官员们还预测经济增长将放缓，通胀将上升，以此表达对关税“滞胀”效应的担忧。    美元计价的明晟美国REITs净总收益指数在报告期内上涨0.76%，分别超出标普500指数和罗素2000指数5.03%和10.24%。富时美国REITs子行业指数表现如下：医疗板块上涨13.90%，综合类板块上涨9.62%，林业板块上涨6.47%，工业板块上涨6.12%，公寓板块上涨4.10%，自助仓储板块上涨0.88%，零售板块上涨0.34%，写字楼板块下跌10.58%，酒店板块下跌17.22%。    基金本季度末权益类资产仓位约为67%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（62%），同时持有美国房地产相关股票（5%左右）。    截至本报告期末，本报告期鹏华美国房地产人民币（QDII）份额净值增长率为-0.81%，同期业绩比较基准增长率为0.10%。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.215Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1269303","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055119b","date":"2024-12-30T16:00:00.000Z","stockId":3000000206011,"sao":"美元计价的明晟美国REITs净总收益指数在报告期内上涨7.49%，分别落后标普500指数和罗素2000指数17.53%和4.05%。富时美国REITs子行业指数表现如下：医疗板块上涨24.18%，写字楼板块上涨21.50%，公寓板块上涨20.48%，零售板块上涨14.01%，自助仓储板块下跌0.52%，酒店板块下跌2.00%，综合类板块下跌10.01%，林业板块下跌16.27%，工业板块下跌17.78%。  基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（63%），同时持有美国房地产相关股票（占比约4%）。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.212Z","mo":"2024年12月18日，美联储FOMC会议宣布降息25个基点，将基准利率调降至4.25~4.5%，完全符合预期。但相比已经充分预期的降息本身，此次会议的焦点在于面对特朗普就任后的政策与经济不确定性，美联储在2025年将如何降息，这将直接决定后续的降息路径和资产走势。此次“点阵图”比市场预期的更鹰派，暗示2025年仅有两次降息（9月点阵图预期为4次），这直接导致了资产的剧烈动荡。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1250123","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055119a","date":"2024-09-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年9月18日，美联储FOMC会议宣布降息50个基点，货币政策声明强调就业最大化目标。美联储的行动表明，它的反应函数已经从关注通胀完全转向了关注就业。官员们对于失业率上升容忍度很低，他们不想因为过度紧缩而破坏“软着陆”的美好前景。往前看，我们认为在就业市场没有稳定之前，美联储都可能保持“鸽派”姿态。    美元计价的明晟美国REITs净总收益指数在报告期内上涨15.79%，分别超出标普500指数和罗素2000指数9.91%和6.52%。富时美国REITs子行业指数表现如下：写字楼板块上涨29.53%，自助仓储板块上涨22.72%，医疗板块上涨20.23%，林业板块上涨18.27%，零售板块上涨17.76%，综合类板块上涨15.24%，工业板块上涨13.26%，公寓板块上涨10.67%，酒店板块上涨1.46%。    基金本季度末权益类资产仓位约为63%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（62%），同时持有美国房地产相关股票（1%左右）。    截至本报告期末，本报告期鹏华美国房地产人民币（QDII）份额净值增长率为4.04%，同期业绩比较基准增长率为11.81%。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.209Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1171965","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551199","date":"2024-06-29T16:00:00.000Z","stockId":3000000206011,"sao":"美元计价的明晟美国REITs净总收益指数在报告期内下跌0.84%，分别落后标普500指数和罗素2000指数16.13%和2.57%。富时美国REITs子行业指数表现如下：公寓板块上涨12.27%，医疗板块上涨10.27%，零售板块上涨0.22%，自助仓储板块下跌2.28%，写字楼板块下跌5.56%，酒店板块下跌6.30%，综合类板块下跌11.92%，工业板块下跌12.82%，林业板块下跌16.29%。  基金本季度末权益类资产仓位约为65%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（64%），同时持有美国房地产相关股票（1%左右）。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.207Z","mo":"2024年6月12日，美联储FOMC会议宣布维持利率不变；相比3月会议的预期，“点阵图”将年内降息下调至1次（之前是预计年内3次降息），比市场预期的略显鹰派。鲍威尔发言也并无太多增量信息，强调降息依然依数据而定。整体来看，此次会议传递的信息更为克制，甚至比市场的预期更鹰派。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1143661","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551198","date":"2024-03-30T16:00:00.000Z","stockId":3000000206011,"sao":"今年3月20日，美联储FOMC会议宣布维持利率不变，美联储的点阵图中位数仍显示2024年3次降息（75bp），并没有如市场担心的减少。这说明，在美联储眼中，年初的通胀超预期只是小波折，并不足以改变降息路径，给市场吃了“定心丸”。其他会议声明措辞，经济数据等也有小幅变化，但整体不大。正因如此，在本次议息会议后，美股与黄金大涨，美债利率维持在4.3%附近。    美元计价的明晟美国REITs净总收益指数在报告期内下跌0.62%，分别落后标普500指数11.18%和罗素2000指数5.70%。富时美国REITs子行业指数表现如下：酒店板块上涨5.63%，林业板块上涨2.89%，零售板块上涨0.62%，公寓板块上涨0.45%，写字楼板块下跌0.49%，医疗板块下跌1.13%，工业板块下跌2.51%，自助仓储板块下跌4.84%，综合类板块下跌10.43%。    基金本季度末权益类资产仓位约为64%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（63%），同时持有美国房地产相关股票（1%左右）。    截至本报告期末，本报告期鹏华美国房地产人民币（QDII）份额净值增长率为0.81%，同期业绩比较基准增长率为1.27%。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.204Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1069130","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551197","date":"2023-12-30T16:00:00.000Z","stockId":3000000206011,"sao":"美元计价的明晟美国REITs净总收益指数在报告期内上涨12.27%，分别落后标普500指数14.02%和罗素2000指数4.66%。富时美国REITs子行业指数表现如下：酒店板块上涨23.92%，工业板块上涨19.15%，自助仓储板块上涨18.49%，林业板块上涨15.91%，医疗板块上涨13.94%，零售板块上涨10.57%，公寓板块上涨5.87%，写字楼板块上涨2.03%，综合类板块下跌7.59%。    基金本年度末权益类资产仓位约为61%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（60%），同时持有美国房地产相关股票（1%左右）。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.201Z","mo":"2023年11月14日，美联储FOMC会议宣布维持利率不变，并表示降息进入讨论范围，这一意外鸽派表态与鲍威尔之前的发言大相径庭。美联储这一转向可能使得首次降息的时点来得比市场原本预想的更早。美联储FOMC会议成员预计2024年大概率将开始降息，这将有利于美国REITS的表现。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1051505","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551196","date":"2023-09-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年9月20日，美联储FOMC会议宣布维持利率不变，但传递了利率可能待在高位更久的信号。美联储议息会议决定将基准利率维持在5.25%-5.5%，符合市场普遍预期。美联储同时发布了新的点阵图预测，FOMC19位委员中有12位预计今年美联储还将加息一次。另外一个重要信息包括此次会议将2024年的利率终点从此前的4.6%上调到5.1%。与此同时，美联储将2023年美国GDP增长预期从1%上调至2.1%，同时下调了失业率预期。    美元计价的明晟美国REITs净总收益指数在报告期内下跌7.32%，分别落后标普500指数4.05%和罗素2000指数2.19%。富时美国REITs子行业指数表现如下：写字楼板块下跌1.47%，酒店板块下跌3.60%，医疗板块下跌4.36%，工业板块下跌6.88%，零售板块下跌8.36%，林业板块下跌8.71%，公寓板块下跌11.68%，自助仓储板块下跌12.19%，综合类板块下跌13.92%。    基金本季度末权益类资产仓位约为61%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（60%），同时持有美国房地产相关股票（1%左右）。  截至本报告期末，本报告期鹏华美国房地产人民币（QDII）份额净值增长率为-4.99%，同期业绩比较基准增长率为-6.81%。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.199Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=987029","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551195","date":"2023-06-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年6月15日，美联储FOMC会议宣布暂停加息，符合预期。本次会议最大的变化在于点阵图大幅上调，美联储预期年内再加息两次，这超出了市场预期。上调加息指引源于美国经济的韧性和通胀的粘性，特别是核心通胀尽显顽固，迫使美联储倾向抬高利率。但美联储又不想加息太快，因此选择“稳中求进”，在6月暂不加息。综合来看，美联储或有较强的意愿在今年下半年继续加息。    美元计价的明晟美国REITs净总收益指数在报告期内上涨4.78%，分别落后标普500指数12.11%和罗素2000指数3.31%。富时美国REITs子行业指数表现如下：林业板块上涨11.16%，公寓板块上涨10.08%，工业板块上涨9.25%，自助仓储板块上涨9.25%，医疗板块上涨7.84%，酒店板块上涨4.58%，零售板块下跌0.62%，综合类板块下跌10.83%，写字楼板块下跌16.18%。     基金半年末权益类资产仓位约为63%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（62%），同时持有美国房地产相关股票（1%左右）。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.196Z","mo":"我们继续看好新经济板块，例如数据中心、通信塔REITS等，并适当增加新经济板块REITS的配置。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=961846","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551194","date":"2023-03-30T16:00:00.000Z","stockId":3000000206011,"sao":"今年3月22日，美联储宣布加息25个基点，符合市场预期。货币政策声明暗示加息临近终点，同时近期发生的银行业风波让未来进一步加息的必要性下降。但由于通胀有韧性，降息也不会很快到来，美联储对于利率在高位停留较长时间的指引犹在。  美元计价的明晟美国REITs净总收益指数在报告期内上涨2.39%，分别落后标普500指数5.11%和罗素2000指数0.35%。富时美国REITs子行业指数表现如下：自助仓储板块上涨13.22%，工业板块上涨9.92%，酒店板块上涨2.99%，林业板块上涨2.15%，公寓板块上涨1.37%，医疗板块上涨0.09%，综合类板块下跌0.92%，零售板块下跌1.47%，写字楼板块下跌15.86%。   基金本季度末权益类资产仓位约为61%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（60%），同时持有美国房地产相关股票（1%左右）。  截至本报告期末，本报告期鹏华美国房地产人民币（QDII）份额净值增长率为0.22%，同期业绩比较基准增长率为1.21%。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.193Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=886795","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551193","date":"2022-12-30T16:00:00.000Z","stockId":3000000206011,"sao":"美元计价的明晟美国REITs净总收益指数在报告期内下跌25.37%，分别落后标普500指数7.26%和罗素2000指数4.93%。富时美国REITs子行业指数表现如下：零售板块下跌13.29%，酒店板块下跌15.31%，综合类板块下跌15.73%，林业板块下跌19.48%，医疗板块下跌22.18%，自助仓储板块下跌26.73%，工业板块下跌28.58%，公寓板块下跌31.95%，写字楼板块下跌37.62%。  基金本季度末权益类资产仓位约为69%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（68%），同时持有美国房地产相关股票（1%左右）。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.190Z","mo":"今年12月14日，美联储宣布加息50个基点，联邦基金利率上升至4.25~4.5%区间，符合市场预期。尽管加息速度放缓，但点阵图显示加息进程还未结束，利率还会进一步抬升，且将在较长时间内维持在高位。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=869317","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551192","date":"2022-09-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年9月21日，美联储9月FOMC会议落下帷幕。不出意外的是，美联储此次再度加息75bp，使得基准利率（联邦基金利率）达到3~3.25%，这也是6月以来第三次75bp的大幅加息。此次会议更为“鹰派”。更新的美联储点阵图对于今年底的加息终点预测大幅提高至4.4%，2023年为4.6%。    美元计价的明晟美国REITs净总收益指数在报告期内下跌10.28%，分别落后标普500指数5.39%和罗素2000指数8.09%。富时美国REITs子行业指数表现如下：自助仓储板块下跌1.71%，酒店板块下跌4.09%，零售板块下跌7.16%，公寓板块下跌8.21%，工业板块下跌12.15%，写字楼板块下跌12.74%，林业板块下跌13.50%，医疗板块下跌16.24%，综合类板块下跌16.46%。    基金本季度末权益类资产仓位约为65%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（64%），同时持有美国房地产相关股票（1%左右）。    截至本报告期末，本报告期份额净值增长率为-2.74%，同期业绩比较基准增长率为-4.96%。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.188Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金 2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=804328","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551191","date":"2022-06-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年6月15日，美联储FOMC会议决定加息75bp，将基准利率抬升至1.5~1.75%。这一加息幅度为1994年以来最大的单次加息，即表明了美联储希望控制通胀的决心，也在一定程度上是之前公布的超预期通胀后的结果。整体而言，此次美联储以更为激进的态度来应对超预期通胀的策略可能是恰当的，后续重点关注通胀的拐点能否确认，这个将是政策拐点的前提。    美元计价的明晟美国REITs净总收益指数在报告期内下跌20.71%，落后标普500指数0.75%，但超出罗素2000指数2.72%。富时美国REITs子行业指数表现如下：写字楼板块下跌27.45%，工业板块下跌26.57%，零售板块下跌20.50%，公寓板块下跌20.12%，自助仓储板块下跌20.07%，酒店板块下跌16.12%，林业板块下跌15.04%，综合类板块下跌10.58%，医疗板块下跌10.17%。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.185Z","mo":"基金本季度末权益类资产仓位约为63%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（62%），同时持有美国房地产相关股票（1%左右）。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金 2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=783264","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551190","date":"2022-03-30T16:00:00.000Z","stockId":3000000206011,"sao":"今年3月17日，美联储FOMC会议决定加息25bp，启动自2018年底停止加息周期后的首次加息，也使得全球发达央行紧缩态势更为明确；同时给出符合预期的加息路径（年内预计再加息6次），以及暗示5月份可能开启缩表。上述这些决定，基本都是符合预期的。美股市场对此反应积极，普遍上涨。这一次会议的意义在于，既兑现了市场一直悬而未决的加息、同时通过点阵图和发言暂时打消了对于未来路径可能超预期的担忧。美元计价的明晟美国REITs净总收益指数在报告期内下跌4.28%，分别超出标普500指数和罗素2000指数0.32%和3.25%。富时美国REITs子行业指数表现如下：酒店板块上涨6.89%，医疗板块上涨5.37%，写字楼板块上涨2.76%，自助仓储板块下跌1.93%，公寓板块下跌2.46%，综合类板块下跌3.28%，林业板块下跌3.95%，工业板块下跌6.11%，零售板块下跌6.71%。 基金本季度末权益类资产仓位约为65%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（64%），同时持有美国房地产相关股票（1%左右）。截至本报告期末，本报告期份额净值增长率为-4.44%，同期业绩比较基准增长率为-4.73%。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.182Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金 2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=724099","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118f","date":"2021-12-30T16:00:00.000Z","stockId":3000000206011,"sao":"美联储在2021年12月FOMC会议上，决定将QE减量规模从当前的每月150亿美元翻番至300亿美元，这与市场预期基本一致。但是，相对更为激进的变化是，18位美联储委员对于2022年底加息次数的预期达到3次（所谓的“点阵图”），尽管“点阵图”从历史经验来看对于实际加息路径的指引意义有限，但是毕竟反映了处在当前时点美联储内部的共识。2021年本基金的投资策略主要投资美国REITs ：数据中心REITs和通讯塔REITs长期表现稳定，因该类资产用途主要为机器，人与人接触少，受疫情影响较小。工业（仓储物流）REITs受益于疫情期间线上消费的迅速增加，中长期看好。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.180Z","mo":"在美国经济持续复苏的基础上，我们继续看好周期性较强的板块，同时，受利于疫情的影响，数据中心和通信塔REITS板块仍有不错的投资机会。我们会继续关注一些具有长期投资价值的个股。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金 2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=712297","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118e","date":"2021-09-29T16:00:00.000Z","stockId":3000000206011,"sao":"（1）报告期内基金投资策略和运作分析  今年9月22日，美联储结束了其为期两天的9月FOMC议息会议。除了正常的会议声明外，此次会议还更新了对于未来经济数据和联邦基金利率水平的预测。综合声明的措辞、鲍威尔新闻发布会表态、以及经济数据预测等几个方面的信息，此次会议比预想的要更偏鹰一些。但是不同资产的反应却存在一定分歧，例如美股市场整体大涨、10年美债名义利率走低但实际利率抬升，短端利率（2~5年期）整体走高导致曲线平坦化，同时美元指数大涨。  美元计价的明晟美国REITs净总收益指数在报告期内上涨0.98%，分别超出标普500指数和罗素2000指数0.40%和5.34%。富时美国REITs子行业指数表现如下：公寓板块上涨7.88%，林业板块上涨2.67%，工业板块上涨2.43%，自助仓储板块上涨1.97%，零售板块下跌0.52%，写字楼板块下跌1.83%，综合类板块下跌1.87%，酒店板块下跌2.19%，医疗板块下跌2.49%。   基金本季度末权益类资产仓位约为80%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（62%），同时择机增加了美国房地产相关股票的配置（16%左右），还有美国房地产股票ETF（1.8%）。    （2）报告期内基金的业绩表现  截至本报告期末，本报告期份额净值增长率为0.22%，同期业绩比较基准增长率为0.76%。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.177Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=653425","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118d","date":"2021-06-29T16:00:00.000Z","stockId":3000000206011,"sao":"今年6月24日，美国总统拜登在新闻发布会中表示，国会参议院跨党派小组（5位民主党和5位共和党议员）已经就部分基建投资支出达成一致。在最新方案中，整体新增基建支出规模为5790亿美元，再加上在既有预算中的原有支出计划，总规模约为1.2万亿美元。 如果基建方案能够得到顺利通过，将会对于短期市场情绪、大宗商品价格、甚至美国增长都将起到一定支撑作用，边际上可能造成对于通胀预期特别是上游价格的压力。基金本季度末权益类资产仓位约为72%左右。基金在行业配置方面超配了数据中心REITs以及生命科学实验室REITs，同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主（60%），同时择机增加了美国房地产相关股票的配置（10%左右），还有美国房地产股票ETF（1.5%）。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.174Z","mo":"在目前较为鸽派的货币政策背景下，低利率环境 将利好美国REITs和房地产股票表现。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=632676","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118c","stockId":3000000206011,"sao":"（1）报告期内基金投资策略和运作分析  今年3月12日，拜登正式签署了1.84万亿美元纾困法案。市场对全球经济在今年迎来快速恢复向好的预期逐渐升温。OECD对美国2021年经济预期增长率为6.5%，与上次的预期值(3.2%)相比，大幅上调了3.3个百分点。全球经济预期的上修集中体现在美国十年期国债收益率的上行（从年初0.91%上涨至一季度末1.74%左右）。美债利率的快速上行，是这一轮市场风险偏好和资金风格调整的重要影响因素。    美元计价的明晟美国REITs净总收益指数在报告期内上涨8.50%，超出标普500指数2.33%，但落后罗素2000指数4.20%。富时美国REITs子行业指数表现如下：写字楼板块上涨5.19%，工业板块上涨6.33%，医疗板块上涨6.58%，林业板块上涨7.22%，综合类板块上涨8.48%，自助仓储板块上涨10.31%，公寓板块上涨15.22%，酒店板块上涨17.96%，零售板块上涨18.08%。     基金本季度末权益类资产仓位约为95%左右。基金在行业配置方面超配了数据中心REITs和通讯塔REITs以及物流仓储REITs（受益于电子商务影响），同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主。  （2）报告期内基金的业绩表现  鹏华美国房地产（QDII）组合净值增长率2.91%; 业绩比较基准增长率8.75%。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.171Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=571452","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118b","stockId":3000000206011,"sao":"12月21日，美国参议院投票通过一揽子财政法案，包括8,920亿美元的新冠疫情救助计划和1.4万亿美元的政府拨款计划，这份法案将交由美国总统特朗普签署后生效。近期美国新冠确诊病例攀升一定程度上促成了美国两党年底前达成新刺激法案。总体来看，8,920亿美元财政救助方案落地时间早于市场预期的2021年年初，但规模上相对2020年3月的约2万亿美元CARE疫情救助方案大幅缩水。新增资金规模方面，在8,920亿美元资金中，只有约3,500亿美元来自新增资金，而其余部分（约5,000亿美元）是原有CARES法案的剩余资金，这一点低于市场预期。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.168Z","mo":"基金本季度末权益类资产仓位约为95%左右。基金在行业配置方面超配了数据中心REITs和通讯塔REITs以及物流仓储REITs（受益于电子商务影响），同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=556355","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb055118a","stockId":3000000206011,"sao":"（1）报告期内基金投资策略和运作分析  美国9月份新增非农就业66.1万人，延续改善趋势，但相比上月的148.9万继续放缓，也弱于市场预期的85.7万；9月失业率7.9%，相比上月的8.4%继续回落。整体看，美国劳动力市场继续修复，但复苏节奏在放缓。  美元计价的明晟美国REITs净总收益指数在报告期内上涨1.34%，分别落后标普500指数和罗素2000指数7.59%和3.59%。富时美国REITs子行业指数表现如下：林业板块上涨22.08%，自助仓储板块上涨16.94%，工业板块上涨6.52%，医疗板块上涨3.77%，酒店板块下跌1.41%，综合类板块下跌3.84%，零售板块下跌4.09%，公寓板块下跌6.08%，写字楼板块下跌7.55%。   基金本季度末权益类资产仓位约为61%左右。基金在行业配置方面超配了特殊类板块（数据中心和通讯塔REITs）和物流仓储板块（受益于电子商务影响），同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主。    （2）报告期内基金的业绩表现  鹏华美国房地产（QDII）组合净值增长率-2.54%; 业绩比较基准增长率-2.44%。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.166Z","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=494030","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed4d97fea5b3eb0551189","stockId":3000000206011,"sao":"美国6月份非农就业回升480万人，数字显著高于市场预期的300万，也延续5月以来的回升趋势，与此前公布的超预期回升的6月PMI传递的信息一致，显示解封后美国经济修复较快、且快于市场预期；6月份失业率继续回落至11.1%。美国市场于二季度整体反应积极。    美元计价的明晟美国REITs净总收益指数在报告期内下跌18.95%，分别落后标普500指数和罗素2000指数15.87%和5.97%。富时美国REITs子行业指数表现如下：工业板块上涨2.30%，自助仓储板块下跌9.50%，公寓板块下跌21.49%，林业板块下跌23.05%，写字楼板块下跌24.51%，医疗板块下跌25.38%，综合类板块下跌30.61%，零售板块下跌36.81%，酒店板块下跌48.65%。     基金二季度末权益类资产仓位约为70%左右。基金在行业配置方面超配了特殊类板块（数据中心和通讯塔REITs）和物流仓储板块（受益于电子商务影响），同时低配了零售和公寓板块。目前基金持仓主要以美国REITs为主。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:10:33.163Z","mo":"鹏华美国房地产基金过去6个月主要操作包括：卖出房地产相关股票；数据中心REITs和通讯塔REITs 已增配至49%；工业（仓储物流）REITs 增配至21%。目前基金配置以低风险的REITs为主。    在全球不确定性加剧和全球经济增速回落的背景下，预计美元将继续稳步走强；美元资产具有避险的吸引力。总的来说，在较为鸽派（温和）的货币政策背景下，低利率环境利好美国REITs表现。","fund":{"_id":3000000206011,"__csrcFundId":3130,"stockCode":"206011","name":"鹏华美国房地产证券投资基金","fundSecondLevel":"QDII","stockType":"fund","areaCode":"cn","market":"a","tickerId":206011,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-05-01T07:02:40.585Z","status":"normal","exchange":"jj","shortName":"鹏华美国房地产（QDII）(206011)","inceptionDate":"2011-11-24T16:00:00.000Z","followedNum":27,"fundCollectionId":4000050060000,"currency":"CNY","masterFundShortName":"鹏华美国房地产（QDII）","memoNum":1,"pinyin":"phmgfdczqtzjj","managers":[{"stockCode":"db20293154","stockType":"fund_manager","exchange":"fm","tickerId":261708140110,"name":"朱庆恒"}]},"announcement":{"linkText":"鹏华美国房地产证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=464833","linkType":"PDF","source":"csrc_pdf"}}]}