window.pageData = {"stock":{"_id":3000000007043,"stockCode":"007043","stockType":"fund","areaCode":"cn","followedNum":5,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":7043,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合C","fundSecondLevel":"hybrid","fundStatus":"normal","inceptionDate":"2019-02-25T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"xjqhlhhxlhpzhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"51160000","tickerId":51160000,"name":"新疆前海联合基金管理有限公司"},"managers":[{"name":"张勇","stockType":"fund_manager","stockCode":"db20523444","exchange":"fm","tickerId":2625173320}],"hotMetrics":{"fss":{"stockId":3000000007043,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":2904,"f_h_s_a":1514,"f_ind_h_s_r_c_1y":0,"f_ind_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ins_h_s_r_c_hy":0,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000007043,"type":"fpr","f_p_r_fys_ssc":8993,"f_p_r_fys_ssrp":0.3634341637010676,"f_p_r_m1_ssc":9202,"f_p_r_m1_ssrp":0.25845016845995,"f_p_r_m3_ssc":9085,"f_p_r_m3_ssrp":0.3000880669308675,"f_p_r_m6_ssc":8808,"f_p_r_m6_ssrp":0.26263199727489495,"f_p_r_y1_ssc":8330,"f_p_r_y1_ssrp":0.27230159683035177,"f_p_r_y2_ssc":7721,"f_p_r_y2_ssrp":0.19792746113989637,"f_p_r_y3_ssc":6925,"f_p_r_y3_ssrp":0.3329000577700751,"f_p_r_y5_ssc":4312,"f_p_r_y5_ssrp":0.37903038738111805,"f_cagr_p_r_fs_ssc":9147,"f_cagr_p_r_fs_ssrp":0.1138202492893068},"fp":{"stockId":3000000007043,"type":"fp","f_p_r_fys":0.12360876359345552,"f_p_r_m1":0.1727133537478367,"f_p_r_m3":0.0933436772692009,"f_p_r_m6":0.1864560883620685,"f_p_r_y1":0.5292764442901168,"f_p_r_y3":0.37328500155908806,"f_cagr_p_r_fs":0.19783056047597025,"f_p_r_d1":-0.015173725288221585,"f_p_r_y2":0.7769316118620138,"f_p_r_y5":0.22072071192937348,"last_data_date":"2026-05-06T16:00:00.000Z"},"ff":{"stockId":3000000007043,"type":"ff","f_m_f":384781,"f_m_f_r":0.012,"f_c_f":48097,"f_c_f_r":0.0015,"f_m_a_c_f":432878,"f_m_a_c_f_r":0.0135,"f_m_c_f_d":"2024-09-02T16:00:00.000Z","f_c_fr":0.0015,"f_fr_d":"2025-09-02T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.0135},"f_nlacan":{"stockId":3000000007043,"type":"f_nlacan","f_nv_d":"2026-05-06T16:00:00.000Z","f_nv":3.5233,"f_nv_cr":0.008443528536264289},"f_as":{"stockId":3000000007043,"type":"f_as","f_tas":12474132.9063,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":300750,"holdings":4000,"marketCap":1606800,"netValueRatio":0.0371,"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":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":600938,"holdings":40000,"marketCap":1600000,"netValueRatio":0.037,"quarterlyChange":0.3253810470510272,"stock":{"name":"中国海油","exchange":"sh","stockType":"company","stockCode":"600938","tickerId":600938}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":300308,"holdings":2600,"marketCap":1480466,"netValueRatio":0.0342,"quarterlyChange":-0.06654098360655702,"stock":{"stockCode":"300308","exchange":"sz","stockType":"company","tickerId":300308,"name":"中际旭创"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":605117,"holdings":11100,"marketCap":1459206,"netValueRatio":0.0337,"quarterlyChange":0.5250580046403721,"stock":{"stockCode":"605117","tickerId":605117,"exchange":"sh","stockType":"company","name":"德业股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":688387,"holdings":89954,"marketCap":1342113,"netValueRatio":0.031,"quarterlyChange":0.15658914728682194,"stock":{"name":"信科移动","exchange":"sh","stockType":"company","stockCode":"688387","tickerId":688387}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":2487,"holdings":19000,"marketCap":1324300,"netValueRatio":0.0306,"quarterlyChange":0.34219141151550225,"stock":{"stockCode":"002487","exchange":"sz","stockType":"company","tickerId":2487,"name":"大金重工"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":600188,"holdings":60000,"marketCap":1161000,"netValueRatio":0.0268,"quarterlyChange":0.47148288973384234,"stock":{"stockCode":"600188","exchange":"sh","stockType":"company","tickerId":600188,"name":"兖矿能源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":600111,"holdings":24000,"marketCap":1144320,"netValueRatio":0.0265,"quarterlyChange":0.03382480485689521,"stock":{"stockCode":"600111","exchange":"sh","stockType":"company","tickerId":600111,"name":"北方稀土"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":300502,"holdings":2400,"marketCap":1062816,"netValueRatio":0.0246,"quarterlyChange":0.027757148161901002,"stock":{"stockCode":"300502","exchange":"sz","stockType":"company","tickerId":300502,"name":"新易盛"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000002780,"stockId":300803,"holdings":10000,"marketCap":972800,"netValueRatio":0.0225,"quarterlyChange":-0.2561272476606724,"stock":{"stockCode":"300803","tickerId":300803,"exchange":"sz","stockType":"company","name":"指南针"}}]},"list":[{"_id":"69e8ea641398d79843fe86de","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000002780,"sao":"2026年一季度的市场持续震荡，煤炭，电力，石油石化等有较好表现，非银金融，消费者服务，商业零售等板块跌幅居前。从市场表现看，上证指数下跌1.94%、深证成指下跌0.35%，创业板指下跌0.57%，沪深300下跌3.89%。（数据来源：wind）  从本基金实际操作情况看：基金经理基于宏观经济复苏的进度以及产业发展趋势，维持新能源 加上游资源的配置。同时持仓结构有所调整，降低有色金属、非银金融和电子的配置，增加石油和煤炭等能源板块持仓，并增加了新能源板块中储能和锂电材料板块持仓。一季度由于国际政治经济形势的快速变化和部分板块的大幅波动导致短期市场振幅较大，二季度随着公司业绩的披露，市场有望重新回到公司盈利和产业发展的基本面投资的范围，业绩能够维持高增长的公司有望获得超额收益。","lastUpdated":"2026-04-22T15:33:56.646Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1480526","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69c76fd669b11a867413dfde","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-27T16:00:00.000Z","stockId":3000000002780,"sao":"2025年中国经济继续保持5%的稳健增长，同时AI、半导体、人形机器人、商业航天为代表的新产业、新技术不断出现。政策在2025年4月贸易战期间的托底有效提升了市场风险偏好。受此影响，A 股市场震荡上行。指数方面，上证综指、深证成指、沪深 300、创业板指等主要指数涨幅分别为18.41%、29.87%、17.66%、49.57%。行业方面，有色金属、通信、电子、国防军工、机械等 5 个行业涨幅居前；食品饮料、煤炭、房地产、交通运输、商贸零售等 5 个行业跌幅居前（数据来源：Wind）。从本基金实际操作情况看：上半年维持白马蓝筹的龙头个股配置，下半年大幅加仓有色金属、电新等板块，获得了较好的收益。投资方向上，我们认为，中国社会经济正处于重要结构转型期，高质量发展、科技创新是这一经济阶段的主要特征。新科技浪潮中，AI 相关的半导体、人形机器人、AI 应用、储能、商业航天等新科技层出不穷，当前科技行业正处于大爆发的前期。同时全球货币政策的宽松和产业发展为资源板块提供了较大的发展动力。我们相信，在中国社会经济结构转型期，会有众多优秀企业在此过程中，不断拓展成长边界并持续创造价值回报；同时，在中长线机构资金的主导下，将会有更多投资者参与分享这些优秀企业的持续成长。","lastUpdated":"2026-03-28T06:06:14.384Z","mo":"展望 2026年，经济发展的主旋律是维持经济增长以及调整产业结构，预计全年可维持 5%左右的经济增速。2026年是“十五五”开局之年，各项政策的推出将有力地提升中长期经济发展动能，同时高新科技产业的发展也将提供更多的结构性机会。综合各行业盈利变化，基金经理认为 2026年 A 股企业盈利增速将筑底回升，而估值在政策的支持下存在继续提升的可能，因此 2026年市场仍将是结构性行情，包括具备自身逻辑的AI、新能源、商业航天、机器人等板块等有望获得超额收益。受益于通胀回升的资源板块和受益于股票牛市的金融板块机会依然较大。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫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=1451006","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5d4","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000002780,"sao":"2025年3季度市场大幅上涨，通信、电子、有色金属、电新等有较好表现，银行、交运、电力等涨幅落后。从市场表现看，上证指数上涨12.73%、深证成指上涨29.25%，创业板指上涨50.40%，沪深300上涨17.90%。（数据来源：wind） 从本基金实际操作情况看：基金经理基于宏观经济复苏的进度以及产业发展趋势，减持了银行、非银金融等蓝筹板块，增加AI、电新、有色金属的行业配置。宏观经济维持弱复苏，但AI相关产业发展趋势明确，机器人、固态电池等新产业、新技术的突破持续，相关行业将获得持续发展。 10月“十五五”规划出台，市场将继续聚焦于新兴产业的发展，在风险偏好回升的阶段，高ROE的成长龙头有望持续获益。中长期看，随着美联储降息和国内经济复苏，市场有望继续震荡上行，持续关注电新，有色、TMT等板块。","lastUpdated":"2026-03-09T13:10:27.842Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1381152","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5d3","date":"2025-06-29T16:00:00.000Z","stockId":3000000002780,"sao":"2025年上半年，受经济增长和救市等因素综合影响，A股市场出现震荡上涨行情。从主要指数来看，上半年上证指数、深证成指、创业板指主要指数涨幅分别为2.76%、0.48%、0.53%（数据来源：WIND）。从31个申万一级行业来看，红利和科技板块涨幅居前，消费和地产板块跌幅居前。涨幅靠前的分别是有色金属（+18.12%）、银行（+13.10%）、国防军工（+12.99%）、传媒（+12.77%）；跌幅较大的分别是煤炭（-12.29%）、食品饮料（-7.33%）、房地产（-6.90%）、石油石化（-4.79%）（数据来源：WIND）。市场整体呈现明显的结构分化走势。本基金的核心理念是寻找高景气度行业里中具备较强盈利能力和护城河的公司，同时注重估值和盈利能力的匹配。从上半年的市场表现来看，经济增长基本符合预期，关税战对市场有扰动，但没有阻碍市场整体上行的趋势。科技浪潮仍在持续，AI硬件和机器人、新消费等板块有较好表现，银行受益于高分红和估值提升，也有明显上涨。本基金一季度重仓持有的机器人板块和银行板块有较好表现。二季度调整持仓，增加银行、非银金融的板块配置，调整了科技板块持仓，行业上减少了电子、汽车的板块配置，增加传媒、电新等行业的配置。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.839Z","mo":"展望下半年，我们对权益市场依然保持相对乐观的看法。宏观政策上保持稳定，全年5%左右的目标预计能够实现，关税战的后续效果逐步显现，而政策也处于持续释放的过程中，预计随着美联储降息预期的落地，新的政策空间有望打开。配置结构上，本基金维持分散配置的结构，非银板块的弹性增强了组合的弹性，同时保持对热点行业的持续跟踪。 下半年市场的基本面维持相对稳定，市场将更多地根据政策、主题和中报、三季报业绩做交易，市场有望继续维持震荡上行走势。展望下半年，市场整体处于牛市过程中，结构性行情是市场的主线，固态电池、AI硬件、机器人、新消费、创新药等主题将不断出现投资机会，蓝筹板块银行、非银金融也将是市场的中坚板块。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫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=1346030","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5d2","date":"2025-03-30T16:00:00.000Z","stockId":3000000002780,"sao":"2025年一季度的市场持续震荡，汽车、有色金属、机械等有较好表现，煤炭、石油石化、非银金融等蓝筹板块跌幅居前。从市场表现看，上证指数下跌0.48%、深证成指上涨0.86%，创业板指下跌1.77%，沪深300下跌1.21%。 从本基金实际操作情况看：我们基于宏观经济复苏的进度以及产业发展趋势，维持蓝筹加科技的配置。同时持仓结构有所调整，蓝筹整体配置降低，增加科技板块持仓。行业上减少了建筑、非银金融、电新板块配置，增加传媒、国防军工等行业的配置，调整了机器人板块持仓个股。一季度由于AI算力和人形机器人公司的结构性上涨显著，二季度相关公司面临着业绩检验，盈利较好的白马公司有望获得超额收益。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.836Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1277189","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5d1","date":"2024-12-30T16:00:00.000Z","stockId":3000000002780,"sao":"2024年全球经济持续低迷，中国则保持5%的稳健增长，同时半导体、人形机器人、低空经济为代表的新产业、新技术不断出现。宏观政策在2024年9月的转向有效提升了市场风险偏好。受此影响，A股市场震荡上行。指数方面，上证综指、深证成指、沪深300、创业板指等主要指数涨幅分别为12.67%、9.34%、14.68%、13.23%。行业方面，银行、非银金融、家电、通信和电子等5个行业涨幅居前；综合、医药、农林牧渔、消费者服务、轻工制造等5个行业跌幅居前。从本基金实际操作情况看：上半年维持白马蓝筹的龙头个股配置，在前三季度取得了较好的收益。四季度由于白马股的回撤，导致业绩落后。从2024年全年上看，持仓的高股息蓝筹股超额收益明显。投资方向上，我们认为，中国社会经济正处于重要结构转型期，高质量发展、科技创新是这一经济阶段的主要特征。新科技浪潮中，AI相关的半导体、人形机器人、AI应用、新型消费电子产品层出不穷，当前科技行业正处于大爆发的前夜。同时2024年9月高层做出了经济政策的转变，增发国债，大力化解地方债务和房地产风险降低了中国经济的风险，有利于未来经济的长期发展。我们相信，在中国社会经济结构转型期，会有众多优秀企业在此过程中，不断拓展成长边界并持续创造价值回报；同时，在中长线机构资金的主导下，将会有更多投资者参与分享这些优秀企业的持续成长。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.833Z","mo":"展望2025年，经济发展的主旋律是刺激经济增长以及调整产业结构，预计将采取包括增发国债，消费补贴等各种措施稳定经济增速，预计全年可维持5%左右的经济增速。特别是各项刺激政策的推出将有力地提升中长期经济发展动能。同时AI相关产业的发展也将提供更多的结构性机会。综合各行业盈利变化，我们认为2025年A股企业盈利增速将筑底回升，而估值在货币宽松的条件下存在提升的可能，因此2025年市场仍将是结构性行情，包括高股息属性的蓝筹板块，业绩相对稳定的消费板块以及具备自身逻辑的AI应用、机器人、消费电子等板块等有望获得超额收益。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫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=1256197","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5d0","date":"2024-09-29T16:00:00.000Z","stockId":3000000002780,"sao":"2024年3季度的市场止跌回升，非银金融、地产、计算机等有较好表现，煤炭、石油石化、电力等涨幅落后。从市场表现看，上证指数上涨12.44%、深证成指上涨19.00%，创业板上涨29.21%，沪深300上涨16.07%。 从本基金实际操作情况看：基金经理基于宏观经济复苏的进度以及产业发展趋势，减持了银行，运营商等蓝筹板块，增加了非银、电新、有色金属等板块龙头企业的配置。宏观经济维持弱复苏，但随着政策的不断推出，经济有望走出底部。10月三季报披露季结束后，市场将更多的聚焦于政策执行的力度以及明年经济发展情况，在风险偏好回升的阶段，高ROE的成长龙头有望首先获益。中长期看，随着美联储降息和国内经济复苏，市场有望逐步走出低迷，保持关注有色、非银、电新等板块。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.830Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1180056","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5cf","date":"2024-06-29T16:00:00.000Z","stockId":3000000002780,"sao":"2024年上半年，受经济复苏和救市等因素综合影响，A股市场出现明显的震荡行情。从主要指数来看，上半年上证指数，深证成指，创业板指主要指数涨跌幅分别为-0.25%、-7.10%、-10.99%。从31个申万一级行业来看，红利相关板块涨幅居前，消费和TMT跌幅居前。涨幅靠前的分别是银行（+19.19%）、煤炭（12.79%）、石油石化（11.36%）、家电（10.77%）；跌幅较大的分别是综合（-37.10%）、消费者服务（-23.82%）、计算机（-21.62%）、商业零售（-21.47%）。市场整体呈现明显的结构分化走势。本基金的核心理念是寻找高景气度行业里中具备较强盈利能力和护城河的公司，同时注重估值和盈利能力的匹配。从上半年的市场表现来看，经济复苏基本符合预期，出口继续快速增长，地产对经济仍有拖累，消费维持低迷。海外AI科技浪潮仍在持续，央企蓝筹受益于高分红和估值提升，有较好的表现。本基金一季度重仓持有的机器人板块受到特斯拉机器人推迟量产的影响，出现大幅回落。本基金在二季度调整持仓，大幅减持机器人，增加电力，银行等红利板块配置，获得了较好收益。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.827Z","mo":"展望下半年，我们对权益市场依然保持相对中性的看法。宏观政策上保持稳定，全年5%左右的目标预计仍能实现，大幅的刺激政策短期难以出现。国内经济大概率维持缓慢复苏，但同时美国加息的趋于结束，出现系统性风险的概率不大。配置结构上，基金维持高分红的蓝筹板块银行，电力，石油石化为主的配置，在经济没有大的趋势性上升的情况下，蓝筹板块业绩的稳定性确定性以及高分红是弱市市场中的较好选择。但不可否认的是，当前部分蓝筹公司的分红收益率已经大幅下降，当前的股价上行更多的来自于市场避险资金的买入和ETF资金的持续买入，一旦市场出现反转，相关公司的业绩弹性不足，可能会出现落后市场的情况，因此基金经理在持有相关个股的同时也将密切关注政策和市场的变化，及时调整持仓。下半年市场的基本面维持相对稳定，市场将更多的根据短期题材和中报三季报业绩做交易，整体趋势性机会暂时难以出现，蓝筹具有相对收益。展望中期，市场经历三年下跌，部分个股的投资价值已经开始出现，未来随着美国大选尘埃落定，美联储降息开启，国内地产下行幅度趋缓，市场正在酝酿新的牛市行情，将来的主线可能存在于全球经济复苏和贸易壁垒加深带来的通胀行情和AI科技革命带来的科技行情两条主线，本基金将继续观察相关板块的变化，在合适的时机重点配置相关个股。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1150685","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5ce","date":"2024-03-30T16:00:00.000Z","stockId":3000000002780,"sao":"2024年1季度的市场呈现大幅震荡，低估值的石油石化、银行、煤炭等有较好表现，电子、医药、计算机等科技板块跌幅居前。从市场表现看，上证指数上涨2.23%、深证成指下跌1.30%，创业板下跌3.87%，沪深300上涨3.10%。 从本基金实际操作情况看：基金经理基于宏观经济复苏的进度以及产业发展趋势，维持蓝筹加人形机器人的行业配置，但持仓权重有所调整。蓝筹板块中增加黄金，石油石化等的配置，减少了机器人板块中部分小市值公司的持仓。二季度预计特斯拉量产时间落定，AI机器人板块依然将有新的催化剂出现。宏观经济仍处于弱复苏状态，蓝筹高股息板块预计仍维持相对收益。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.824Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073778","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5cd","date":"2023-12-30T16:00:00.000Z","stockId":3000000002780,"sao":"2023年是疫情放开后的第一年，经济复苏低于预期。受此影响，A股市场整体震荡下行，存在部分结构性机会。指数方面，上证综指、深圳成指、创业板指等主要指数分别下跌3.70%、13.54%、19.41%。行业方面，通信，传媒，煤炭，家电，石油石化等5个行业涨幅居前；消费者服务，房地产，电新，建材，化工等5个行业跌幅居前。从本基金实际操作情况看：上半年维持消费和新能源的龙头个股配置，中途加仓了低估值建筑板块，下半年逐步调仓至具身智能和煤炭板块。从结果上看，2023年的整体表现不尽如意，重仓的消费，电新等核心资产持续受压，上半年买入的中特估板块也未能提供正面收益。投资方向上，我们认为，长期来看中国社会经济正处于重要结构转型期，总量放缓、高质量发展、科技创新是这一经济阶段的主要特征。而ChatGPT在美国的兴起，预示着新一轮AI相关的科技革命浪潮可能已经出现，相关行业及公司具有巨大的发展潜力。同时高分红低估值的公司在股市下行周期存在相对收益，是当前市场环境下一个较好的选择。我们相信，随着经济转型的成功，会有众多优秀企业在此过程中，不断拓展成长边界并持续创造价值回报。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.819Z","mo":"展望2024年，经济发展的主旋律将维持稳增长，调结构，预计全年可维持5%左右的经济增速。综合各行业盈利变化，基金经理认为今年A股企业盈利增速将逐步筑底，而市场的风险偏好将逐步恢复，因此今年市场仍将是结构性行情，包括稳健的高分红板块如煤炭，电力，电信运营商，银行等仍有相对收益，符合产业长期趋势的AI及相关具身智能板块的投资机会具备长期投资价值。2023年是人形机器人取得突破性进展的一年，AI大模型的爆发为机器人提供了核心大脑，2024年随着特斯拉机器人的落地，行业有望得到持续发展。本基金将继续哑铃型的配置，精选受益于具身智能机器人行业和低估值板块做中期配置。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059051","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5cc","date":"2023-09-29T16:00:00.000Z","stockId":3000000002780,"sao":"2023年三季度的市场表现整体低于预期。宏观经济在三季度表现弱势，叠加海外美联储紧缩超预期，虽然有政策的不断出台，但经济数据较弱和市场信心低迷导致市场在三季度继续下行走势。从市场表现看，上证指数下跌2.86%、深圳成指下跌8.32%，创业板下跌9.53%。 从本基金实际操作情况看：我们基于盈利增长的确定性、以及部分持仓性价比的考虑，降低了建筑装饰和新能源板块的配置，增加了食品饮料、煤炭、金融等板块的配置。投资方向上，本基金基金经理认为当前全球宏观环境正处于快速变化的过程中，海外美联储加息进入后期，但短期难以出现降息动作，导致全球的流动性难以扩张。短期看，由于地产的拖累，经济延续了二季度以来的疲弱，但政策的累积效果预计即将在四季度的经济数据中有所体现。随着经济数据的好转，市场的信心将逐步恢复，外资不断流出的情况也将获得改观，四季度的股票市场有望出现回升。配置结构上，本基金维持以白酒、能源、金融为主的蓝筹配置，既能够享受经济复苏的向上弹性，也能有较强的安全边际。本基金也同时关注创新药、智能手机等新兴热点，寻找新的超额收益机会。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.816Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=990985","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5cb","date":"2023-06-29T16:00:00.000Z","stockId":3000000002780,"sao":"2023年上半年，受经济复苏进度以及海外科技发展等因素综合影响，A股市场出现明显的结构行情。从主要指数来看，上半年上证指数，深圳成指，创业板指等主要指数涨跌幅分别为3.65%、0.10%、-5.61%。从31个申万一级行业来看，科技相关板块涨幅居前，其中涨幅靠前的分别是通信（+50.66%）、传媒（42.75%）、计算机（27.57%）、机械设备（13.44%）；跌幅较大的分别是商业零售（-23.44%）、房地产（-14.29%）、美容护理（-13.61%）、建筑材料（-10.52%）。市场整体呈现明显的结构分化走势。本基金的核心理念是寻找高景气度行业里中具备较强盈利能力和护城河的公司，同时注重估值和盈利能力的匹配。从上半年的市场表现来看，疫情后周期的经济复苏未达预期，消费板块后继乏力，地产对宏观经济仍有拖累，电新由于筹码结构，业绩增长等因素也表现较差，而由海外chatGPT出现而爆发AI科技浪潮主导了上半年的市场，通信，计算机，传媒甚至机械等板块都与AI 密切相关。同时中特估相关的央企蓝筹受益于高分红和估值提升，也有较好的表现。基金上半年重仓持有的白酒，电新等板块表现不佳，后期加仓的建筑，运营商等板块也在5月初见顶回落，拖累了基金净值表现。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.814Z","mo":"展望下半年，我们对权益市场依然保持相对中性偏乐观的看法。宏观政策上保持稳定，出台新的刺激政策的概率正在降低。国内经济大概率维持缓慢复苏，但同时美国加息的趋于结束，汇率贬值的压力也在降低，出现系统性风险的概率不大。配置结构上，基金维持中特估相关建筑，运营商，石油石化为主的蓝筹配置，在经济没有大的趋势性上升的情况下， 蓝筹板块业绩的稳定性确定性以及高分红等特征是弱市市场中的较好选择。其余板块中，继续看好新能源的龙头公司的业绩持续增长，当前的低估值提供了更好的安全边际。AI，智能驾驶，机器人等板块也存在投资机会，但上半年股价的大幅上涨叠加短期业绩兑现较难使其在下半年的波动将显著加大。在宏观经济趋于平稳的情况下，产业出现重大变革往往成为超额收益的主要来源。市场更愿意为经济结构中新出现的变化买单，而不是传统的为公司业绩增长买单，2023年上半年的AI，2022年俄乌战争导致的煤炭和储能行情，疫情政策放开导致的消费板块行情均是宏观和产业的剧烈变化导致相关行业出现了超额收益，平稳发展的行业和公司在存量博弈的市场获得超额收益的难度进一步加大。有鉴于此，基金经理在未来将更加注重新的产业变化的研究和投资，力争未来在新的产业变革中获得更好的超额收益。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=959376","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5ca","date":"2023-03-30T16:00:00.000Z","stockId":3000000002780,"sao":"2023年 1季度的市场表现大幅超出预期，TMT一枝独秀，chatGPT引发了市场对科技创新的想象力，其余消费，电新等承压，行业分化明显。从市场表现看，上证指数上涨5.94%、深圳成指上涨6.45%，创业板上涨2.25%。从本基金实际操作情况看：基金经理本季度表现不佳，重仓的消费，电新个股表现相对低迷，对TMT的爆发准备不足，虽然后期调整了部分持仓，但总体未能跟上市场的整体表现。一季度，基金A/C净值下跌0.80%/0.90%。投资方向上，市场经历了疫情后的复苏，整体经济表现稳健，弱复苏的态势明显，预计全年5%左右的目标能够实现。在此情形下，市场不断寻找新的产业突破方向，chatGPT在此时的爆发和扩散预示了下一个3-5年市场的重心重新回到了科技领域。从此角度看，中长期科技公司的发展可期。回到市场，一季度TMT超额收益巨大，但一季报业绩难以兑现。长期前景的广阔不能掩盖其商业模式不稳定，公司技术实力参差不齐，行业竞争格局重新洗牌的现实，后期股价的大幅波动难以避免，在此情形下，基金将谨慎地逐步转移持仓至AIGC相关的算力，应用等领域，避免在阶段预期的顶峰大幅加仓。同样，电新和消费板块在二季度伴随着经济复苏预期的增强和一季报的盈利增长，有望出现一波反弹。基金将跟随市场变化调整持仓，选择长期空间较大，估值较低的公司做中期持有。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.811Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888781","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c9","date":"2022-12-30T16:00:00.000Z","stockId":3000000002780,"sao":"新冠疫情冲击，美联储持续加息，国内政策的变化等成为主导2022年A股市场走势的关键因素。受负面消息影响，A股市场全年呈现大幅下跌走势。指数方面，上证综指、沪深300、创业板综等主要指数涨幅分别为-15.12%、-21.63%、-29.37%。行业方面，煤炭，综合，社会服务，交通运输，美容护理等5个行业涨幅居前；电子，建材，传媒，计算机，电力设备等5个行业跌幅居前。从本基金实际操作情况看：基金在一季度更换基金经理后配置了价值蓝筹，获得了一定的超额收益。二季度市场大幅反弹后，基金调仓的时间和力度有所不足，导致基金在5月至7月的市场上涨中处于相对落后的位置。四季度随着疫情政策的放松，基金将配置调整至以白酒为核心的消费板块以及配置新能源成长板块上，取得了部分超额收益。长期投资方向上，我们认为，长期来看中国社会经济正处于重要结构转型期，高质量发展、科技创新是这一经济阶段的主要特征。疫情后的中国经济将继续向着转型升级的方向前进，新技术，新产业将层出不穷。基金将把握新经济增长的脉搏，在新能源，AIGC，MR，创新药等创新领域寻找产业投资机会。另一方面也要看到，国际形势日趋复杂，内需增长，能源安全是经济发展的基石和重要支柱，因此食品饮料，医药，能源材料等依然是基金投资的重要组成部分，是组合的长期稳健收益的核心板块。我们相信，在中国社会经济结构转型期，会有众多优秀企业在此过程中，不断拓展成长边界并持续创造价值回报；同时，在中长线机构资金的主导下，将会有更多投资者参与分享这些优秀企业的持续成长。","declarationDate":"2023-01-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.806Z","mo":"展望2023年，经济的全面恢复是今年的目标，预计政府将采取各种措施提升经济增长，预计全年可恢复至5-5.5%的经济增速。新旧基建投资，数字经济、促消费等措施将不断出台，AIGC，chatGPT，钙钛矿等新技术也在不断涌现。综合各行业盈利预测，基金经理认为今年A股企业盈利增速将逐步恢复，而估值在宽松的货币条件下存在提升的可能，因此今年市场无论指数层面还是行业层面均能会有较好表现，其中包括经济增长顺周期的有色、能源、地产板块，受益于疫情恢复的消费板块以及具备自身产业发展逻辑的信创，风光储，AIGC等板块等。基金经理将选择估值具备安全边际，盈利增长确定性高的个股作为配置的重点。以白酒等消费板块作为持仓的基石，根据盈利和估值变化选择合适的时点配置成长板块，重点关注消费电子，计算机及新能源板块，力求稳健的基础上获得更好的超额收益。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=865509","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c8","date":"2022-09-29T16:00:00.000Z","stockId":3000000002780,"sao":"2022年 3 季度的市场表现整体低于预期。宏观经济在3季度表现弱势，叠加海外美联储加息不断超预期，海外经济下滑态势明显，对国内经济和市场信心均有压制，导致市场未能延续4月底以来的反弹走势，3季度重回下行。  从市场表现看，上证指数下跌11.01%、创业板下跌18.56%，中证1000下跌12.45%。   从本基金实际操作情况看：我们基于盈利增长的确定性、以及部分持仓性价比的考虑，降低了电新板块的配置，增加了地产，农业，军工等板块的配置。最终基金A、C类产品三季度净值分别下跌9.53%和9.61%。   投资方向上，基金经理认为当前处于全球宏观环境正处于剧烈变化的过程中，宏观经济对资产配置的重要性重新开始上升，过往自下而上配置板块和个股的模式正受到冲击。短期看，3季度经济复苏未能延续2季度的回升势头，市场表现弱势，而成长板块首当其冲受到最大冲击，电新，汽车，TMT板块表现落后，基金减少了部分新能源车产业链持仓。4季度是新能源的旺季，有望出现一定幅度的反弹，但新能源车的销量增速和渗透率始终是市场担忧的问题，光伏风电的基本面相对更加稳健。消费板块在疫情防控放开前难有趋势性机会，叠加本身估值难言便宜，部分板块如农业，快递等存在结构性机会。地产板块受政策影响较大，当前各地放松地产调控的态势明显，地产板块的龙头公司具备一定的投资机会。基金经理判断市场中期将维持震荡走势，将选择业绩增长确定，估值合理的个股作为配置的重点。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.802Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807022","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c7","date":"2022-06-29T16:00:00.000Z","stockId":3000000002780,"sao":"2022年上半年，受疫情，企业盈利增速变化及政策等因素综合影响，A股市场出现宽幅震荡走势。从主要指数来看，上半年沪深300、创业板指、wind全A等主要指数涨跌幅分别为-9.22%、15.41%、-9.53%。从31个申万一级行业来看，仅有煤炭行业上涨，其中涨幅靠前的分别是煤炭（+31.38%）、交通运输（-0.71%）、综合（-1.46%）、美容护理（-1.81%）；30个行业下跌，其中跌幅较大的分别是电子（-24.46%）、计算机（-23.64%）、传媒（-22.25%）、国防军工（-20.05%）。市场整体呈现出大幅下跌后逐步反弹的走势。本基金的核心理念是寻找高景气度行业里中具备较强盈利能力和护城河的公司，同时注重估值和盈利能力的匹配。从上半年的市场表现来看，盈利下行期叠加疫情的爆发对风险偏好的冲击主导了5月前的市场环境。4月底中央政治局会议定调之后，市场信心有所恢复，叠加各项稳增长政策的出台稳定了预期，市场逐步走出了底部，当前市场已处于相对稳定的状态。中观行业看，当前市场中景气度较高的行业分别是新能源（汽车、光伏，风电）、军工新材料等细分领域，同时消费板块在后疫情时代的景气度也在逐步提升。基金的布局也侧重以上方向，整体持相对较高仓位运作。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.799Z","mo":"展望下半年，我们对权益市场依然保持相对中性偏乐观的看法，市场将维持震荡格局。宏观上保持整体稳定，由于海外货币环境还在继续收紧，且存在进入衰退的可能，导致出口在下半年存在压力，国内暂时还难以收紧政策，同时通胀也在逐步上升，因此整体政策预计将维持当前中性偏宽的环境，等待经济的进一步复苏。配置结构上，考虑到中国正处于新旧动能重要转换期，在先进制造领域和消费领域，依然存在较多的投资机会，包括的新能源汽车、光伏风电产业链、军工新材料等细分领域。另外消费板块在疫情后也将逐步恢复，白酒，医药，免税等板块的投资机会也在显现。我们在个股选择上，仍主要精选所处细分赛道长、竞争格局好、自身有一定壁垒与竞争优势、业绩增长趋势相对确定的细分领域标的。下半年宏观面的波动将趋缓，而个股的α将增加，将对基金经理的选股提出了新的考验。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=782707","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c6","date":"2022-03-30T16:00:00.000Z","stockId":3000000002780,"sao":"2022年一季度的市场表现低于预期。虽然此前基金经理预计2022年企业盈利增速下降对市场整体表现将有所影响，但市场的弱势依然超出了此前预期。特别是疫情的反复和俄乌冲突、美联储加速收紧加剧了市场负面冲击。 从市场表现看，上证指数下跌10.65%、深圳成指下跌18.44%，创业板下跌19.96%。 从本基金实际操作情况看：2月增聘了基金经理，新任基金经理调整了部分仓位，降低了新能源，TMT的配置，增加了建筑、地产，银行等稳增长板块的配置，另外龙头券商的估值已经回到较低水平，增加了部分龙头券商的配置。最终基金一季度净值下跌15.86%。 投资方向上，中国社会经济正处于关键转型期，总量放缓，结构性景气依然是经济发展的主要特征。短期内市场出现下跌，但从估值看，目前的估值已处于过往5-10年合理估值偏低的位置，向下的空间有限。从政策看，稳增长政策不断出台，宽信用是方向，对A股市场也是正向的推动作用。从企业盈利看，增速下行最快的时间段可能正在到来，下半年有望企稳，明年出现回升的概率较大。从外围市场看，短期美联储的主要任务是抑制通胀，加息缩表加速，但从金融市场表现看，美国存在进入衰退的可能，因此预计在抑制通胀取得一定进展后，重新宽松稳定经济的政策转向也将很快出现。综上所述，估值、基本面、盈利等因素决定了市场即使出现下行，空间也有限。 市场下行期内地产，基建，银行等稳增长低估值板块的相对收益较好，但从中长期看，市场见底回升后结构性行情更值得期待，基金经理认为成长板块的新能源和上游资源，券商，TMT等板块或是较好的选择。在下行周期是研究公司基本面的好时机，低迷的市场环境为以较好的价格买入好公司提供了的机会。我们在个股选择上，主要按上述思路精选能够持续创造增量价值的优质公司，享受基本面成长带来的价值回报。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.797Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=729463","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c5","date":"2021-12-30T16:00:00.000Z","stockId":3000000002780,"sao":"经济基本面逐步温和修复、机构资金持续流入、双碳双限、PPI超预期走高、地产债务违约、新冠病毒变异、市场微观交易结构等是驱动2021全年A股市场走势的关键因素。受此影响，A股市场全年震荡上涨、结构分化。指数方面，wind全A上涨9.2%，中证500、中证1000显著跑赢上证50、沪深300。行业方面，电力设备、化工、有色、煤炭、钢铁等5个行业涨幅超过40%，消费者服务、非银、家电、房地产、农林牧渔等5个行业跌幅超过5%。 本基金重点布局在高端白酒、银行、光伏、锂电、家电、医疗器械、大数据、物联网、半导体、CXO、信息安全、化工、房地产等相关细分领域，充分挖掘高质量发展大背景下细分行业龙头个股的结构性投资机会，全年保持均衡配置、股票仓位保持中高水平运作，产品净值实现稳健增长且跑赢业绩基准。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.794Z","mo":"展望2022年，我国经济发展面临需求收缩、供给冲击、预期转弱三重压力。全球经济存在主要经济体宽松政策逐步退出、供应链瓶颈与调整持续存在、创纪录高债务水平带来的金融压力等下行风险。基于此，中央经济工作会议定调2022年经济工作要稳字当头、稳中求进，宏观政策要稳健有效，跨周期和逆周期宏观调控政策要有机结合。除了具有足够的政策空间之外，我国经济发展还具备很多有利条件，具体包括经济韧性强、潜力大，拥有完整的产业体系，丰富的人力资源，便利的基础设施，强大的国内市场，澎湃的市场活力等。 从宏观经济基本面来看，2021年我国经济持续稳定恢复，经济发展和疫情防控保持全球领先地位，主要指标实现预期目标。经济总量达114万亿元，占全球经济的比重预计超过18%，GDP同比增长8.1%，以2019年为基期的两年平均增速为5.1%，基本修复至中高速增长区间。展望2022年，房地产和出口对经济增长的支撑作用边际减弱，但消费将好转、基建也将提前发力，预计全年GDP增速在5%左右。其中，考虑到2021年低基数效应、疫情逐步接近尾声、居民可支配收入稳步增长、就业形势总体稳定等因素影响，消费增速有望继续修复；基建投资有望提前发力，但房地产、制造业投资有下滑压力，因此固定资产投资整体增速或小幅下滑；受产能替代效应消退、外需见顶、价格水平回落等影响，出口增速存在均值回归压力。物价方面，在基数效应、PPI-CPI传导效应、全球货币政策收紧预期、大宗商品价格高位回落、猪价缓步回升等因素共同作用下，2022年CPI或将同比震荡向上，PPI同比趋势性回落，二者走势将逐步收敛。从中长期来看，人均GDP超过1.2万美元接近世界银行所划的高收入国家门槛、GDP突破110万亿元人民币成为全球第二大经济体是当前我们面临的最重要的国情。从全要素生产率水平横向比较，我国仍处于并将长期处于重要战略机遇期，以创新驱动的高质量发展足够支撑经济保持中高速。 从证券市场来看，资本市场正成为推动科技创新和实体经济转型升级的枢纽，市场风险逐步收敛，市场结构日益改善，市场活力和韧性明显增强。随着陆港通全面建立、MSCI持续提升中国权重、公募保险等机构规模持续增长，截至2021年底，机构持仓A股市值已达13.9万亿元，约占A股总市值的15%左右，机构主导的价值投资生态越来越成熟。当前A股市场整体估值在20倍附近，正好处于近10年以来的中位数水平，估值较为合理，在经济基本面相对确定的背景下，具有较好的风险收益比，存在良好的配置价值。长期以来我国居民的资产配置结构明显偏向房产，股票、偏股型基金等权益类资产仅占2%，低于美国的34%、德国的12%、日本的9%，从大类资产配置的角度看，居民权益资产配置需求空间较大。 从行业配置方向来看，2022年继续看好技术创新驱动型双碳、硬科技、专精特新等细分领域龙头公司业绩与估值双击带来的投资机会。同时，自上而下带来的稳增长、PPI-CPI收敛、后疫情修复等相关方向也将是2022年重要投资收益来源。理念上，继续坚持深度研究发现价值，长期投资分享价值，充分享受上市公司业绩增长带来的价值创造。风格上，保持成长与价值的相对均衡。结构上，重点沿着高端制造、数字经济、消费升级、深度价值四条主线配置，具体包括新能源、新材料、半导体、物联网、大数据、人工智能、工业自动化、创新药、元宇宙、网络安全、高端白酒、医疗服务、酒店、家电、养殖、航空、地产、金融、化工等细分领域。个股上，主要精选所处细分赛道长、竞争格局好、自身有一定壁垒与竞争优势、业绩增长趋势较为确定、当前估值相对合理的细分领域龙头个股。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=711727","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c4","date":"2021-09-29T16:00:00.000Z","stockId":3000000002780,"sao":"2021年3季度，受双碳/双控产业政策、大宗商品价格维持高位、经济基本面数据走弱、国内局部疫情出现超预期反弹、互联网平台整顿、中报业绩披露、机构资金调仓交易、房地产企业信用风险暴露等因素综合影响，A股市场震荡分化。在指数方面，科创50、上证50、沪深300、上证综指、wind全A、中证500、中证1000等主要指数的涨跌幅分别为-13.82%、-8.62%、-6.85%、-0.64%、-1.00%、+4.34%、+4.54%。在行业方面，煤炭、有色、钢铁、电力及公用事业、基础化工等5个行业涨幅靠前，均超过15个百分点；消费服务、医药、食品饮料、家电等4个行业跌幅较大，均超过10个百分点。 本基金对三季度市场总体走势持中性偏乐观的态度，看好市场存在结构性投资机会，因此期间基本维持在中高仓位运作。结构上，进行了适当调整优化，小幅降低了食品饮料、医疗服务、工程机械等板块持仓，增配基础化工、大数据、半导体、智能安防、信息安全以及金融地产等板块，继续持有新能源汽车、光伏、高端白酒、家用电器等细分领域龙头。业绩归因方面，由于对双碳、双控等供给侧产业政策预期不足，错失了煤炭、有色、钢铁、化工等大宗商品的结构性行情。整体上，本基金产品净值三季度出现了阶段性小幅回撤，且跑输业绩基准。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.787Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=657789","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c3","date":"2021-06-29T16:00:00.000Z","stockId":3000000002780,"sao":"2021年上半年市场呈现过山车式大幅波动：春节前市场情绪亢奋涨幅过快，导致市场交易结构急剧恶化，机构集中持仓的白马股在节后快速杀跌；二季度，市场在犹豫中展开反弹。一方面，市场仍然担心经济复苏和流动性见顶；另一方面，宏观经济仍然保持韧性、流动性预期平稳。因此，市场表现为明显的结构性行情。新能源汽车、半导体、医药等高景气度板块表现较好，大消费和顺周期板块继续下跌。 从本基金实际操作情况看：我们继续坚守长期价值投资理念，在市场波动中认真审视持仓标的基本面和估值，并基于公司基本面变化和市场波动情况，对持仓结构优化调整。从结果上看，我们的大部分持仓经受住了市场考验，尽管经历一季度大幅波动，但二季度收获了远超基准的反弹幅度。 投资方向上，我们仍然将会沿着高质量发展新格局的主线进行投资布局，在先进制造、消费升级、科技创新等方向进行继续深入挖掘。6月份以来，市场交易结构再次向热门赛道集中，对此我们仍然坚持以长期价值的视角来应对。对于长期价值明确短期超跌的品种继续加仓；而对于短期超涨过度透支未来价值的品种，我们要做的则是保持在亢奋的市场环境中保持冷静，努力为持有人维护好既往良好的长期投资体验。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.784Z","mo":"展望下半年，经济增长前景总体稳定，出口增速高位回落，投资、消费等内需仍具备修复空间，制造业将成为新阶段经济增长的持续动能。在流动性仍保持合理宽裕的情况下，我们认为下半年整体市场波动幅度会明显小于上半年。但与当前市场看好成长风格的一致预期不同，我们认为下半年价值风格存在更大的修复空间，市场风格会趋于均衡。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=635391","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c2","stockId":3000000002780,"sao":"2021年一季度的市场呈现过山车走势。春节前市场情绪亢奋涨幅过快，导致市场交易结构急剧恶化，机构集中持仓的白马股在节后快速杀跌。另一方面，过去两年市场热度低的传统行业板块和中小盘，在节后走出明显相对收益。从市场表现看，上证指数下跌0.9%、全A下跌3.25%，市场风格以春节为界发生逆转。从本基金实际操作情况看：首先我们认为，所谓抱团股的定义过于标签化甚至妖魔化，并不具备逻辑支撑。因为不同行业公司的基本面本就千差万别，最终形成的机构集中持仓现象，主要还是基于基本面分析而产生的市场行为的结果表象。具体到本基金情况，我们持仓的大部分标的，都是过去两年基于基本面因素，精挑细选后长期持有至今，并不存在短期博弈行为。虽然年初时，我们根据性价比因素对持仓结构进行了微调，但长期价值投资仍是本基金所长期坚守的理念。因此，在市场大幅波动中我们的应对是认真审视持仓标的基本面和估值，通过对持仓结构优化调整，使持仓向具备长期价值的方向更加集中。投资方向上，中国社会经济正处于关键转型期，总量放缓、高质量发展和内外双循环是当前主要特征。因此，我们仍然坚持看好A股市场的长期结构性机会，尤其是高质量发展和内外双循环的投资主线。包括以新能源、云计算、5G、人工智能为代表的科技创新方向，满足美好生活需求的医疗服务、品牌消费、大众消费的新业态、新模式等方向，以及受益于供给侧改革、市场份额和ROE持续提升的传统周期龙头方向。综上，我们在个股选择上，仍主要按上述思路精选能够持续创造增量价值的优质公司，共享其基本面成长带来的价值回报。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.781Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=573375","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c1","stockId":3000000002780,"sao":"2020年，突如其来的疫情及经济恢复情况主导了全年市场节奏：一季度，全球市场随疫情发展剧烈波动；二季度，疫情得到控制并陆续复工，打消了基本面悲观预期；同时，全球超宽松的货币和财政政策，带来充足的流动性，全球市场也因此在5-7月出现了超预期的大幅反弹，疫情受益板块表现尤为突出；三季度，随着基本面乐观预期逐步兑现，以及超宽松流动性的边际收紧，市场表现为横盘震荡，其中顺周期板块相对收益明显；四季度，流动性仍然保持充裕，在疫苗进展顺利和经济活动逐步恢复下，市场风险偏好抬升，新能源、军工等高风险偏好板块表现较好。从本基金实际操作情况看：我们继续坚持长期投资的价值理念，全年看大部分持仓品种保持稳定，期间基于疫情的阶段性影响和市场波动情况，对持仓品种的权重做了微调。从结果上看，持仓的消费、医疗、新能源板块超额收益明显，最终收获了大幅超过去年的绝对收益和超额收益。投资方向上，我们认为，中国社会经济正处于重要结构转型期，总量放缓、高质量发展、科技创新是这一经济阶段的主要特征。在这一阶段，各行各业都呈现明显的头部效应，市场竞争更加有序，龙头公司市占率稳步提升，品牌、规模、成本、研发等竞争壁垒愈加稳固。尽管过去几年先后经历了去杠杆、贸易战、疫情等多重风险冲击，但也有一大批优秀公司在危机中获得市场份额明显提升。尤其是中国制造业，不仅在疫情期间成为全球供应链最为稳定的部分，而且借机加速了产品升级和优质客户开拓，打开更为广阔的成长空间。我们相信，在中国社会经济结构转型期，会有众多优秀企业在此过程中，不断拓展成长边界并持续创造价值回报；同时，在中长线机构资金的主导下，将会有更多投资者参与分享这些优秀企业的持续成长，从而迎来A股市场第一次真正意义上的慢牛和长牛。2021年我们仍然将会沿着高质量发展新格局的主线进行投资布局，在先进制造、消费升级、科技创新、经济复苏等方向进行继续深入挖掘。先进制造领域包括新能源产业链、工业自动化、国防军工等，消费升级包括医疗服务、创新药产业链、医美、高端白酒等，科技创新看好从硬件到软件应用的扩展，5G应用、智能汽车网联化以及产业互联网，将是值得期待的领域。同时也会增加对于传统制造、金融等行业中受益经济持续复苏和有国际比较竞争力的行业龙头的配置，整体结构上更加均衡，尤其注重估值合理性，但不会因此降低对于好公司的筛选标准。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.777Z","mo":"展望2021年，经济整体主旋律是复苏和结构性通胀，市场从流动性主要驱动转向盈利主要驱动。经济增长的动能持续修复，且质量和结构在改善，制造业、消费、出口有望接棒地产和基建，成为新阶段经济增长的持续动能。虽然流动性没有2020年宽松，但不转急弯，同时连续在多个市场打破刚兑使得投资者的预期回报率下行，真正优质企业的融资成本将维持相对低位。随着十四五具体规划的落地，双循环的深入推进，供给侧结构性改革和需求侧管理配合使得经济内生增长动力更为持续，投资者对中期实现高质量经济增长的路径会更加清楚明了，信心也就会持续提升，有望共同驱动市场健康平稳运行。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫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=560705","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5c0","stockId":3000000002780,"sao":"2020年3季度的市场表现整体符合我们中报判断。随着基本面乐观预期逐步兑现，以及超宽松流动性的边际收紧，市场表现为横盘震荡，其中顺周期板块相对收益明显。从市场表现看，上证指数上涨7.8%、创业板上涨5.6%，二季度的分化走势明显改善。从本基金实际操作情况看：我们基于疫情恢复情况对基本面带来的影响、以及部分持仓性价比的考虑，在7月前后对持仓结构进行了微调，增加了部分顺周期品种的配置。最终在三季度仍然保持不错的绝对收益和超额收益。投资方向上，中国社会经济正处于关键转型期，总量放缓、高质量发展和内外双循环是当前主要特征。因此，我们仍然坚持看好A股市场的长期结构性机会，尤其是高质量发展和内外双循环的投资主线。包括以新能源、云计算、5G、人工智能、创新药为代表的科技创新方向，满足美好生活需求的医疗服务、品牌消费、大众消费的新业态、新模式等方向，以及受益于供给侧改革、市场份额和ROE持续提升的传统周期龙头方向。综上，我们在个股选择上，仍主要按上述思路精选能够持续创造增量价值的优质公司，共享其基本面成长带来的价值回报。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.775Z","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=494628","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec6c37fea5b3eb045e5bf","stockId":3000000002780,"sao":"2020上半年，突如其来的全球疫情主导了市场。2-4月市场恐慌性剧烈波动，而后随着疫情得到控制，风险偏好逐步企稳；而陆续的顺利复工，打消了基本面的悲观预期；同时，全球超宽松的货币和财政政策，带来了充足的市场流动性，全球市场也因此在2季度出现了超预期的大幅度反弹。从市场表现看，上证指数下跌2.15%、创业板上涨35.6%，分化明显。从PB/PE历史分位数看，创业板96%分位，上证指数11%分位，市场的成长类风格偏离度已经很大。从本基金实际操作情况看：在3月下跌中提高仓位，并基于疫情影响进行了结构调整，二季度整体持仓保持稳定，最终在上半年仍然实现不错的绝对收益和超额收益。投资方向上，高质量发展仍是当前社会发展阶段贯穿实体经济和金融市场的主线。其中，科技创新方向的新能源、云计算、5G、人工智能、创新药等，是新经济的主要方向；消费板块中，满足美好生活需求的医疗服务、品牌消费、大众消费的新业态、新模式等，仍将持续增长；周期板块中，受益于稳增长和供给侧改革的细分行业龙头，市场份额和ROE仍具备提升空间。综上，我们在个股选择上，仍主要按上述思路精选能够持续创造增量价值的优质公司，共享其基本面成长带来的价值回报。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:10:27.772Z","mo":"展望下半年我们认为，疫情后宏观经济的稳步恢复、宽松流动性的保持、整体偏低估的市场估值水平，A股发生系统性风险概率不大。海外疫情的反复、中美关系继续恶化是潜在的风险因素。因此，我们对下半年市场走势持中性态度，疫情影响淡化后，前期受影响较大的优秀公司具备一定估值修复空间。","fund":{"_id":3000000002780,"stockCode":"002780","stockType":"fund","areaCode":"cn","followedNum":27,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-20T16:00:00.000Z","setUpScale":200706000,"market":"a","tickerId":2780,"custody":"南京银行股份有限公司","name":"新疆前海联合泓鑫灵活配置混合型证券投资基金","shortName":"前海联合泓鑫混合(002780)","fundSecondLevel":"hybrid","__csrcFundId":1070,"fundStatus":"normal","lastUpdated":"2026-04-30T18:38:20.804Z","masterFundFlag":1,"inceptionDate":"2016-11-29T16:00:00.000Z","fundCollectionId":4000051160000,"currency":"CNY","masterFundShortName":"前海联合泓鑫混合","pinyin":"xjqhlhhxlhpzhhxzqtzjj","managers":[{"stockCode":"db20523444","stockType":"fund_manager","exchange":"fm","tickerId":2625173320,"name":"张勇"}]},"announcement":{"linkText":"新疆前海联合泓鑫灵活配置混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=460162","linkType":"PDF","source":"csrc_pdf"}}]}