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"_id":"69aeca1d7fea5b3eb049dc53","date":"2024-12-30T16:00:00.000Z","stockId":3000000006854,"sao":"2024年债券市场整体表现强势，债券收益率大幅下行。上半年，出口拉动经济有所修复，内需仍旧偏弱；财政政策定调偏积极，但政府债发行明显偏慢，财政发力进度有所后移。二季度经济修复的力度有所减弱，PMI重新回到50以下，通胀回升节奏也较为曲折，二季度GDP增速有所回落。下半年国内政策力度有所调整，宏观调控更加积极，央行大幅度降息，“两重”“两新”政策加力，政策导向更加侧重于消费端。随着政策发力，经济修复动力有所增强，GDP完成全年目标。债券市场方面，降息影响仍然是主基调，虽然中间波动较大但整体表现较好，尤其是四季度央行对货币政策表述出现变化，债券收益率出现大幅下行，10年期国债收益率一路下行到1.7%附近。本账户下半年调整了转债风险敞口，降低了转债仓位，加大债券配置力度，握住了债券市场机会，大部分时间保持偏长久期运行，同时通过小幅参与转债交易分享一定权益市场上涨，对账户收益形成增厚。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.356Z","mo":"展望2025年一季度，债券市场在年初延续下行趋势，10年国债收益率一度下行到1.6%以下，与央行公开市场操作利率的利差较窄。同时，资金成本虽然较2024年底有所下行，但没有低于公开市场操作利率，中长期债券资产性价比有所下降，短期可降低债券风险敞口，待市场出现更好配置时点。","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1248016","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc52","date":"2024-09-29T16:00:00.000Z","stockId":3000000006854,"sao":"2024年三季度债券市场经历了大幅波动，经济基本面整体偏弱，货币和财政政策更为积极，债券市场虽然整体收益率波动方向向下，但期间波动幅度明显放大，且季末在理财产品赎回压力下信用债收益率再次出现大幅上行的情况，信用利差有所拉大。二季度GDP同比增长4.7%，经济恢复动能有所减弱。三季度PMI逐步回升，但仍旧在荣枯线以下，CPI也保持在相对较低水平，整体经济动能不强。三季度货币政策较为积极，降息降准落地，同时修正了货币政策框架，降低了MLF政策利率的指导意义，公开市场开展国债交易的变化都对债券市场的运行带来一定的影响。总体上货币政策的方向是支持性的，货币环境需要维持偏宽松的环境以促进经济回升，债券市场收益率向下的大方向还没有改变。三季度末召开的政治局会议对稳经济表述较为积极，市场修正了财政政策发力力度的预期，在权益市场表现尤为激烈。政策预期变化和风险偏好的回升短期利空债券市场，即便在央行大幅降息配合降准的情况下，收益率仍然出现了大幅上行，其中信用债跌幅更为明显。人保鑫泽投资主要以利率债和可转债为主，利率债整体上把握住了利率波动的节奏，在市场大幅调整阶段陆续增加久期，大部分时间保持相对较高久期运作。同时，低仓位保持一定可转债持仓，一方面权益市场持续下跌让可转债安全边际较高，另一方面也能与利率债形成一定的对冲效果，较好的降低账户的波动率。展望2024年四季度，债券市场在调整后具备了较高的配置价值，尤其是OMO降低到1.5%以后，资金水平有望逐步回落到1.5%附近，中短端债券的利差水平已经具备一定的吸引力。货币政策方面，降息降准落地后，后续仍然不排除进一步降息的可能，支持性货币政策取向在一两个季度以内不会出现明显变化。我们对四季度债券市场保持乐观，可积极把握权益市场波动以及理财赎回等因素带来的配置机会。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.354Z","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1171086","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc51","date":"2024-06-29T16:00:00.000Z","stockId":3000000006854,"sao":"2024年上半年纯债整体表现强势。一季度尽管经济有所修复，但其中出口拉动作用明显，内需仍旧偏弱，收益率下行较为流畅；财政政策定调偏积极，但政府债发行明显偏慢，财政发力进度有所后移。在多因素叠加作用下，各期限债券收益率全面下行，多创出历史新低。二季度地产政策全面放松落地，特别国债发行启动，央行多场合提示关注长债风险。另一方面，经济修复的力度有所减弱，PMI重新回到50以下，通胀回升节奏也较为曲折，社融数据在“手工补息”因素的影响下，同比增速回落明显，二季度GDP增速也回落到4.7%。二季度长债在央行预期管理和经济边际降温的博弈下宽幅震荡，中短端利率震荡下行，曲线有所陡峭化。同期，转债跟随权益市场震荡偏弱。调整阶段主要有二：一为年初小微盘大幅下跌，市场陷入流动性负反馈；二为六月部分转债出现信用风险，市场风险偏好下降，低价转债加速下跌。反弹阶段主要为二月中旬至五月中旬的超跌反弹。本基金于以严控信用风险为第一要务，并积极对久期进行灵活调整。转债部分调降仓位，控制整体波动，寻找结构性机会，较好规避了六月低价转债下跌带来的负面冲击。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.351Z","mo":"债券市场短期主要矛盾是央行防风险的预期管理和市场配置力量仍强之间的矛盾。2024年7月1日央行公布将于近期进行借券操作，足以反映央行调控预期的态度，债券市场出现一定调整。我们认为后续央行还会有进一步调控动作，市场和央行的博弈仍旧持续一段时间，短期创新低可能性较小，市场等待的机会成本并不算高。本基金计划在央行在二级市场实际进行债券买卖之前，控制好久期，等待债券性价比提升后择机进行配置。","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1151952","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc50","date":"2024-03-30T16:00:00.000Z","stockId":3000000006854,"sao":"2024年一季度债市整体走强。经济有所修复，但呈现出较强的曲折性，财政政策定调偏积极，但地方债发行明显偏慢，2024年1月央行宣布降准，宽松态度较为确定。在多因素叠加作用下，各期限债券收益率全面下行，多创出历史新低。同期，权益市场大幅波动，转债呈现V型走势，截止到2024年3月末中证转债指数-0.81%，目前转债估值较年内低点有所修复，但是和历史上转债估值的低点比，目前转债估值仍然有向上的修复空间。本基金于2024年年初积极把握债市机会，维持较高的久期水平，随着债市赔率下降边际缩短久期，保持足够的灵活性，严控信用风险。转债部分，积极寻找结构性机会。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.348Z","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067902","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4f","date":"2023-12-30T16:00:00.000Z","stockId":3000000006854,"sao":"2023 年债市整体表现强势，宏观经济新旧动能切换是最大主线。年初在疫后复苏的强预期下，利率整体上行。二季度经济环比走弱，经济修复有所波折，两会政府工作报告更侧重于高质量发展，叠加6月中旬降息，债市显著走强。三季度尽管8月再次超预期降息、9月降准，但资金利率并没有进一步走低，同时经济企稳复苏，债市低位窄幅震荡，收益率曲线走平。四季度特殊再融资债启动发行，债券收益率有所上行，但此后中央经济工作会议等高层会议召开，强调高质量发展，叠加资金面回归平稳，做多情绪再度升温，债券收益率全面下行。全年来看，十年期国债收益率下行约27bp。同期转债市场先强后弱，全年中证转债下跌0.47%。年初在经济强预期和外资持续流入的带动下，转债迎来普涨行情。进入三月份后，市场进入震荡阶段，但AI等成长板块和中特估等板块存在结构性机会。八月后，尽管稳市场政策集中落地，政治局会议释放活跃资本市场等相关信号，但外资流出、权益走弱，叠加资金面反复，转债市场遭遇明显回调。本基金在上半年久期较低，转债仓位维持保守。下半年提高了组合的杠杆水平和久期水平，保持足够的灵活性，严控信用风险。转债部分，随着权益潜在修复空间显现，中位数价格有所回落，转债性价比有所提升。考虑到此前多次底部特征表明，转债在右侧兑现收益的速度很快，右侧追涨并不容易，因此选择充分发挥转债自身下有底的特质进行左侧布局，尽管短期内承受一定的回撤，但相信中期来看能有不错的成效。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.346Z","mo":"当前经济基本面未见反转迹象，新旧动能转换仍为下一阶段最重要的宏观背景，海外制造业逆全球化的背景下部分产业长期产能过剩的情况仍明显存在，一定程度上抑制了库存周期的变化和制造业投资的释放。防风化债的大前提下，地方财政扩张途径有所抑制，地产磨底仍需时日。从宏观数据上看，通胀数据、PMI社融数据等均反应了疫后复苏存在波动性。此外，政策重心或仍聚焦高质量发展，在当前时代背景下，需兼顾安全与发展，预计在经济刺激上不会大干快上。但需关注金融监管、防止资金空转可能成为债市的制约因素。综合考虑到经济动能有待增强，货币宽松周期尚未结束，全年债券机会大于风险。中期来看，随着近日风险继续释放，权益超跌反弹的可能性较大。从估值角度看，转债当前已经具备一定的吸引力，值得积极关注防守反击的机会。","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059135","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4e","date":"2023-09-29T16:00:00.000Z","stockId":3000000006854,"sao":"2023年三季度，资金面边际收紧，经济企稳复苏，债市低位窄幅震荡，收益率曲线变平。央行2023年三季度例会强调政策“持续用力”，并在2023年二季度“搞好跨周期调节”基础上增加了“逆周期”提法，但需警惕在今年6月降息、7月信贷社融数据不佳、8月再次超预期降息、9月降准的背景下，资金利率并没有进一步走低。同期，含权资产出现较为明确的政策底，但基本面还有待改善、情绪面依旧不佳，叠加外资持续流出，转债整体震荡偏弱。纯债部分，本基金于2023年三季度降低组合的杠杆水平和久期水平，保持足够的灵活性，严控信用风险。可转债部分，同期做了相对积极的配置和交易，在底部震荡区间此品种行情的确定性有望逐步抬升。未来，我们将紧盯经济基本面的边际变化和稳增长政策出台的力度和节奏，对后期的利率走势持相对谨慎态度，转债或有望受益于权益修复。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.343Z","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=991749","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4d","date":"2023-06-29T16:00:00.000Z","stockId":3000000006854,"sao":"2023年上半年债券收益率整体震荡下行，元旦后至春节前，随着疫后复苏抬高风险偏好，债市暂时承压。春节过后，债券供需结构性失衡，配置力量带动长端利率企稳。此后，两会政府工作报告更侧重于高质量发展，经济环比下行压力增加，稳增长政策力度不足，叠加资金面转松，共同带动品种、各期限债券收益率普遍下行。6月中旬降息进一步带动债市走强。转债市场震荡上行，赚钱效应主要集中两个阶段，一是在年初对于疫后经济修复的预期快速抬升，外资持续流入，转债跟随权益上涨；二是3 月下旬至4月初，股市有所修复，同时债市资金面偏松，转债在溢价率和正股的共同作用下有所表现。本基金在上半年久期较低，转债仓位维持保守，保持对存量博弈市场下股指波动风险和潜在杀估值风险的警惕。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.341Z","mo":"近期经济数据有所分化，部分生产端和消费端高频有所企稳，但地产仍待逆转。鉴于相对和实际库存水平仍处高位，各行业库存具有明显分化，产能利用率尚待企稳回升，当前可能仍处于“主动去库存”的尾声，全面触底回升转向“主动补库”尚需时日。经济基本面对债市暂不构成重大威胁，但需密切关注下半年PPI拐点信号是否出现，此外亦需提防海外经济若软着陆，中美库存周期存在共振的可能。同样需关注的是，当前十年期国债距离去年低点一步之遥可能给市场带来止盈压力，股债性价比的变化同样指向当前债券估值偏贵。短期利好因素集中落地，基于宏观数据的定价动力或边际减弱，而财政、地产、消费等其他领域的配套政策出台情况可能持续带来扰动，不排除债市阶段性重回区间震荡的可能，若短期市场在稳增长政策干扰下有所回调，或将迎来更好的交易机会。转债方面，当估值回到绝对高位，限制自身博弈能力，但好在纯债的机会成本不高。关注库存周期演变带来公司自身经营业绩的改善情况，同时关注稳增长政策对市场信心的提振力度，两者均可能带来阶段性的交易机会。在纯债方面，下一步计划灵活调整产品的杠杆和久期水平，整体保持较积极的态度，关注后市演绎节奏。持续关注资金面、美联储议息会议、稳增长政策出台的节奏和力度、潜在的金融监管政策等因素对市场的影响。在当前城投、地产负面舆情不可避免的阶段，坚决不做信用下沉。转债方面自下而上积极寻找行业机会和主体阿尔法。","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=960066","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4c","date":"2023-03-30T16:00:00.000Z","stockId":3000000006854,"sao":"2023年一季度，总体来看货币政策继续维持在较为宽松的水平，经济增长的动能有所恢复，但恢复的速度总体弱于预期。期间美联储一度收紧货币导致全球风险资产有所下行，但银行业的危机令货币政策拐点可以预期。总体来讲，以TMT为代表的成长股带领股市温和上行，债券收益率小幅下行，转债市场整体表现不错，但涨幅有限。本基金在一季度期间转债仓位较为保守，债券久期较低，对于利率的上行风险和转债未来的杀估值风险，始终处于警惕的状态。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.338Z","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=882846","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4b","date":"2022-12-30T16:00:00.000Z","stockId":3000000006854,"sao":"2022年，疫情的反复继续对宏观经济造成向下拖累。虽然政府对地产的支持层层加码，但终端需求始终未能提振。美国加息，俄乌战争等因素导致外资风险偏好也急剧下降。在内外矛盾集中爆发的情况下，风险资产全年受到巨大冲击，全年债券收益率总体低位运行。转债受到股票市场大跌和债市年底回撤的影响，全年跌幅较大。操作上，本基金由于规模较小，对债券的参与有限，转债仓位较低，2022年受到的冲击不大。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.336Z","mo":"展望2023年，感染高峰过后，社会活动和经济活动有望快速恢复。美国度过通胀压力最大和货币收的最紧的阶段后，美联储操作对全球产生的压力大为缓解，软着陆的迹象愈加明显。国内随着居民信心和收入的修复，资金的流入和房地产需求的回暖基本是确定性事件，股票市场向下空间很小，但上行潜力很大，对转债有正面的提振作用。但考虑到年内再通胀的概率很大，债券收益率上行压力较大，转债的性价比并不高，因此对债券和转债仍然保持防守为主的思路。","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzjj","managers":[{"stockCode":"8801472606","stockType":"fund_manager","exchange":"fm","tickerId":725178390,"name":"郭毅"}]},"announcement":{"linkText":"人保鑫泽纯债债券型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=865736","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aeca1d7fea5b3eb049dc4a","date":"2022-09-29T16:00:00.000Z","stockId":3000000006854,"sao":"2022年三季度，货币政策维持在较为宽松的水平，地产方面保交楼，信用担保以及房贷利率下降等支持政策频出，实体经济风险进一步得到化解，政策托底经济的意愿强烈，但从信贷需求的恢复情况来看，经济增长的动能在短期看仍然没有太大起色。美联储收紧货币的步伐有所加快，美元指数和美债利率加速上行，全球风险资产跌幅较大。总体来讲，债市在三季度的后期经历了收益率的逐步上行，而转债市场整体跟随正股下跌，跌幅小于正股。本基金主要采用绝对收益思路进行操作对转债进行操作，考虑到转债整体估值偏高，本基金三季度在转债风险暴露上很小。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:24:45.333Z","fund":{"_id":3000000006854,"__csrcFundId":6088,"stockCode":"006854","shortName":"人保鑫泽纯债(006854)","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":6854,"masterFundFlag":1,"lastUpdated":"2026-04-30T20:23:48.878Z","status":"normal","inceptionDate":"2019-04-02T16:00:00.000Z","name":"人保鑫泽纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000051410000,"currency":"CNY","masterFundShortName":"人保鑫泽纯债","pinyin":"rbxzczzqxzqtzj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