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“国家队”入市等多重利好共促，市场全面反弹。3月以来，随着中央经济工作会议的召开，尽管经济总量层面并未有超预期的指引，但结构政策上新质生产力、设备更新、低空经济等行业振兴政策不断，市场结构性机会明显。　　在没有明显行业利润驱动趋势下，当前市场风格结构更偏向于行业政策驱动或者海外产业的映射，基于养老基金的稳健原则，权益基金配置整体偏向于均衡。","declarationDate":"2024-04-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:09.001Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e51","date":"2023-12-30T16:00:00.000Z","stockId":3000000007407,"sao":"2023年权益市场依旧布满荆棘。年初期待的经济复苏并没有出现。相反，宏观经济的疲软，叠加美联储超预期的货币政策收紧，权益市场收益率不尽如人意。　　2023年以结构性行情为主，成长性上，上半年是美国科技创新映射，下半年是华为国产替代，全年为科技强势、获得绝对收益。蓝筹方面，高股息相对抗跌，全面保持相对好的稳定收益。　　市场结构方面，缺乏增量资金，市场以存量资金博弈为主。机构重仓，尤其是外资重仓的行业下跌幅度较大，机构持有较少的微盘股表现较好。　　经过大幅度的调整，2023年市场估值处在相对低位。农银FOF养老35维持权益维中性仓位运行，在资产配置在行业及基金风格选择上，多选择稳健与回撤较小的优秀基金，降低行业风格暴露。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.999Z","mo":"2024年压制股票市场的宏观因素将会出现逆转。诸如美联储加息将转向降息，中国刺激政策的利多逐步积累，A股估值处在底部。我们对当前的市场充满乐观，2024年可能是股市新一轮上涨的元年。对于利率市场，我们认为2024年的上半年依旧充满机会，但2024年下半年，市场可能转向谨慎。　　2024年的行业配置将重回利润驱动。在继续选择优秀基金经理的基础上，资产配置风险敞口可以偏向于有超额收益的行业。诸如供求关系大幅改善的资源品，受益于美联储降息的黄金，创新驱动的科技以及估值处在历史底部的医药等。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e50","date":"2023-09-29T16:00:00.000Z","stockId":3000000007407,"sao":"今年以来中国经济走势疲弱，主要是由于内需不佳，因此也导致了消费降级的出现。近期政策调整的主要方向是提振消费者信心，针对年初以来的问题进行针对性的解决。房地产政策的放松明显提振了短期的销售热情，我们认为接下来经济将出现逐步复苏。考虑盈利预期以及流动性等方面的因素，我们认为当前市场已经处于预期的低点，在经历了前期下跌之后，当前市场处于“弱现实、强情绪”的状态，接下来市场情绪有望逐步走向乐观。随着地产政策、金融政策逐渐发力，经济企稳回升是大概率事件。　　尽管当前经济底还没出现，但根据历史上“政策底——市场底——经济底”的传递过程，我们认为市场底将会领先经济底到来。因此当前市场环境下适宜看多A股市场。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.996Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e4f","date":"2023-06-29T16:00:00.000Z","stockId":3000000007407,"sao":"上半年本基金的运作思路是从资产配置出发，优选基金组合。上半年资产配置的方向一直是看多股票资产，在组合配置上超配股票类资产。从上半年的运行结果看，由于经济数据较为疲弱，股票资产表现一般，市场做多的热情并不高涨。我们认为目前是市场的底部。每一轮货币引用周期均呈现出“政策底——信用底——市场底——经济底”的演变过程。其内在逻辑在于，“稳增长”初期，市场对政策力度存在明显分歧，但随着政策不断加强和流动性环境改善，市场对经济前景的预期逐渐明朗化，股价领先于经济出现向上拐点；政策底的出现成为市场预期改善的重要信号。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.994Z","mo":"目前我们维持对股票市场看好的观点。第一，政策拐点已明确，政治局会议全面回应市场关切，提振市场信心，预计优化地产政策、活跃资本市场、一揽子化债方案措施将逐步落地。第二，基本面拐点也将明确，经济运行已处于年内底部，将随着库存去化和政策发力逐步改善，A股盈利周期的底部特征较明显，预计盈利增速将在下半年修复。第三，市场流动性拐点也将明确，人民币汇率拐点已清晰，国内货币政策8月仍有降准可能同时近期A股关注度提升，活跃资金明显回流，将带动增量资金入场。第四，市场情绪也将迎来拐点。四大拐点共振下，A股有望开启做多窗口。行业配置上，我们主要关注中特估与科技AI这两个方向。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shor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股票：资产配置方面我们看好权益资产的表现。经济复苏对于企业盈利产生了底部翻转的效应。特别是上半年，经济复苏趋势确定性越高，权益资产价格上升的空间就越大。　　2、 黄金：作为国际定价的大宗商品，与实际利率、美元指数直接相关。2023美国将结束加息，金价有望重新进入上行通道。我们认为下半年该趋势会较为明朗，上半年则可能呈现震荡行情。　　3、 债券：短期债券主要受制于经济复苏对利率上升的预期，该预计基本已经体现在价格的波动之中。如果考虑到票息的因素，当前位置对于债券投资是较良好的投资时点，但收益空间较为有限。　　总结下来：2023年资产配置的主要机会来自于股票市场。A股的内外环境将在2022年的基础上显著改善。我们认为GDP增速有望达到5%以上，价值股将受益于经济复苏。成长股将受益于海外流动性拐点，预计该拐点于2023年下半年出现。整体上2023年成长和价值都将有表现的机会。根据我们对经济预期持乐观态度，我们在资产配置上计划维持偏高的权益比例，风格上对于成长和价值做均衡的配置。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e4c","date":"2022-09-29T16:00:00.000Z","stockId":3000000007407,"sao":"三季度全球资本市场仍然笼罩在美国加息的阴影之中。随着美国抑制通胀的决心愈加明确，美联储坚决加息的表态愈加鹰派。目前国际资本市场仍怀有两大担忧：一是美国加息仍无放缓迹象，美国经济衰退的预期在逐步加强；二是俄乌冲突逐步升温，随着冬天的临近，欧洲能源供应问题仍将重挫欧洲经济。在外部条件不佳的背景下，国内也面临较多的发展掣肘，主要体现在防疫、地产、未来预期三大问题。  本基金在三季度进行了基金结构调整，主要体现在以下方面。一是基于上述分析，资产配置角度下调了权益比例，对净值进行保护。二是结构上降低高弹性板块比例，整体更注重平衡。三季度权益市场持续下跌，以上操作对组合收益具有一定的正贡献。  从资产估值角度，我国权益资产估值处于低位。今年以来的下跌已经大幅度释放了核心资产的估值风险，进一步下跌的空间有限。我们认为四季度权益市场预计将逐步进入筑底的过程中。未来是否能够进入上升通道主要取决于四季度政策面的调整。如果二十大之后政府对于市场关心的问题能够提供针对性调整政策，则四季度权益市场将明显好转。十月份将是重要的观察窗口。结构上我们仍然看好新能源、疫情修复板块和稳增长板块。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.986Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e4b","date":"2022-06-29T16:00:00.000Z","stockId":3000000007407,"sao":"当前全球市场处于比较复杂的市场环境中。海外处于“滞涨”+“收紧”背景，通胀压力迫使各国央行面临不得不加息的窘境。因此导致美国和欧洲进入了衰退的过程之中。在这样的背景之下，预计美债收益率上行，美股仍有下行压力。对于中国的影响在于两个方面，一是需求侧影响中国出口，二是资金面影响北上资金的规模。总体上海外对国内A股的影响是不利的。而国内与海外的情况有所不同，国内以“宽信用”对抗衰退，中国正从疫情衰退转向疫后复苏，盈利底部预计22年年末出现。近期央行罕见表述“宏观杠杆率会有所上升”，地产政策也出现放松的趋势。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.983Z","mo":"我们认为国内的风险偏好正在修复，加上二十大稳市场预期，我们认为下半年权益市场的表现将好于上半年。资产配置方面，近期市场流动性宽裕，有利于权益市场的表现。另外从股债性价比判断，固收情绪保持弱势，权益情绪维持乐观。  行业观点：重点看好三个权益投资方向  1、高景气：供需景气向上的行业。包括新能源汽车、光伏、海上风电等。  2、稳增长：政策刺激力度较大的行业。包括地产、汽车、家电、建材、家居等。  3、后疫情消费：可选消费领域补偿修复的行业。包括机场、航空、酒店、旅游等。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e4a","date":"2022-03-30T16:00:00.000Z","stockId":3000000007407,"sao":"今年一季度，A股市场受到俄乌战争、新冠疫情等国内外负面因素的影响，发生了比较大的调整，农银养老2035也随着市场的波动，净值出现了较大幅度的下跌。整个一季度，本基金换手率相对较低，在维持基金持仓结构稳定的同时，减持了部分业绩不达预期的股票资产，增配了一些长期看好的行业基金。同时，由于市场对新冠相关概念的追捧，本基金在高位对一些相关概念资产做了部分获利了结。    展望未来，我们对市场并不悲观。尽管新冠疫情对国内宏观经济造成了一定的短期影响，我们预计未来政府将持续推出稳增长的政策，同时保持较为宽松的流动性。因此，市场下跌空间有限，我们将继续保持较高的权益仓位，努力精选符合中国经济未来发展方向的优质资产。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.981Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated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，标普500不断创出历史新高，以互联网为代表的科技股则大幅回调。国内方面，情况则与海外相似中略有不同。我们的疫苗接种工作也在持续推进，疫苗接种人数大幅上升，目前接种第一针人数已经达到1亿左右。同时，国内内需旺盛，经济复苏势头更为强劲，我们的货币政策逐渐从宽松中转向。因此从结构上，我们市场表现和美国基本一致，科技和疫情中涨幅较多的股票回调较大，价值股相对坚挺。与之不同的是，由于货币政策的边际转向，我们的市场整体表现较弱。展望未来，我们对市场看法较为中性。随着疫情的逐渐平静，生活逐渐回归正轨，去年那样极致的市场情形很难再现，今年难以有较大的指数性的机会，后疫情时代，许多行业的投资逻辑也需要重新去审视。然而，我们对年内的市场也并不悲观，今年更可能是一个反复震荡的年份，存在不少的机构性机会。因此，二季度，农银养老2035倾向于保持适中仓位，精选个股和基金产品进行配置。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.970Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e45","stockId":3000000007407,"sao":"回顾过去的一年，农银养老2035严格按照产品既定的下滑曲线，以超越基准、获取良好收益为目标进行运作，过程中有得有失。产品整体实现了年初的既定目标，取得了较好的超额收益，实现了不错的回撤控制。分资产而言，2035主要投资了三种类型的资产：股票、股票型基金以及债券型基金。其中，股票资产全年表现不错，贡献了不少超额收益。股票型基金中间，2035所持有的主动型基金表现不错，在同类基金中全部排在前二分之一，不少在同类排名中排在前三分之一。然而，2035所持有的不少股票型ETF基金表现欠佳，对整体超额收益产生了不小的拖累。从2020年四季度开始，本产品逐步降低了股票型ETF基金仓位，适当增加了主动股票型基金仓位。债券型基金全年表现欠佳，主要原因是2035持有大量的信用债债基，2020年信用债市场持续走熊，对产品整体超额收益造成了较大拖累。未来本产品将采用更严格的标准，精选市场上优质的债基，逐步调整部分债基持仓。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.967Z","mo":"新的一年中，美国经济复苏的情况取决于疫苗接种的推进情况。目前看来，新一届政府上台后，美国疫苗分发和接种在度过初期的混乱之后，7日平均接种人数开始快速上升，美国新发病例数开始出现下降。我们预期未来随着疫苗接种人数的不断上升，美国疫情将逐步得到控制，经济将恢复增长。由于美国目前处于高需求和低库存想结合的状态，一旦美国经济复苏，其弹性将会非常大，这将带动全球周期资产的风险偏好修复。国内方面，尽管进入冬季后各地陆续有本土病例出现，但是整体疫情防控情况仍较好，随着国产疫苗相继获批，国内人群陆续接种，预计我国经济将持续复苏。由于去年1季度GDP基数较低，今年1季度的GDP增速可能高于预期。短期而言，我们仍看好顺周期的行业。长期而言，后疫情时代，中国经济转型升级仍将会是历史的必然趋势。在这一过程中，愿意不断投入创新、不断夯实自己核心竞争力的企业终将获得时代的青睐。因此在策略上，农银养老2035将围绕这一主题，精选个股和基金产品进行配置。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e44","stockId":3000000007407,"sao":"整个三季度，国内外宏观环境并未发生大的变化。海外依然处于疫情影响之下，流动性持续宽松，基本面持续收缩。国内则在疫情结束之后经济迅速恢复，八月、九月的出口增速甚至创了过去两年的新高。受此影响，A股处于强势震荡当中，指数虽然波动不大，但是不少细分行业轮番表现，市场热度不减。展望未来，宏观上要关注全球新冠疫苗三期临床的初步数据，一旦数据较好，疫情可能逐渐缓解，全球资本市场将迎来强心剂。此外，美国大选结果也可能对整个市场造成较大冲击。具体到A股市场，目前市场上的核心矛盾是景气向好行业和赛道的公司估值接近天花板和以周期和价值为代表的蓝筹估值趴在地板上的矛盾。这是一个长短期权衡问题，长期来看，好的公司将通过高速成长消化自身的高估值，给投资人带来良好回报；短期而言，市场存在均值回归的动能。四季度，农银养老2035仍倾向于较为均衡的配置。在策略上，农银养老2035始终遵循下滑轨道的权益仓位比例，精选新经济方向的个股和基金产品进行配置。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.964Z","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}},{"_id":"69aecaac7fea5b3eb04a7e43","stockId":3000000007407,"sao":"目前市场上呈现出非常明显的两极分化，一方面景气向好行业和赛道的公司估值持续高企；另一方面，以周期和价值为代表的蓝筹估值极低。因此，在过去一个季度中，农银养老2035的操作方向有些微调，我们降低了涨幅过大的新经济方向的配置比例，增加了低估值价值资产的配置比例，整体操作策略趋向于均衡。然而，就长期而言，农银养老2035将始终遵循下滑轨道的权益仓位比例，精选新经济方向的个股和基金产品进行配置。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:08.962Z","mo":"在新冠疫情影响之下，全球经济呈现出基本面收缩、流动性充裕的宏观搭配。在新冠疫苗研发出来、整体疫情得到控制之前，我们预期这样的宏观搭配将一直持续。在这一情景之下，稀缺的资产、行业景气向上的资产更受投资者追捧，海外资本市场呈现出结构性牛市的特点。就国内市场而言，由于我国疫情控制得当，国内经济率先好转，基本面较其他国家更为强劲。同时，资本市场被党和国家提到了前所未有的政策高度，呵护市场、有利于市场的政策不停推出。在这样的大背景下，我们预计A股市场将持续走牛，会给投资者带来不错的回报。","fund":{"_id":3000000007407,"stockCode":"007407","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2019-07-07T16:00:00.000Z","setUpScale":151629000,"market":"a","tickerId":7407,"custody":"上海浦东发展银行股份有限公司","name":"农银养老目标日期2035三年持有期混合型发起式基金中基金（FOF）","shortName":"农银养老2035(007407)","fundSecondLevel":"fof","__csrcFundId":6526,"fundStatus":"normal","lastUpdated":"2026-05-31T20:38:56.017Z","masterFundFlag":1,"inceptionDate":"2019-08-27T16:00:00.000Z","fundCollectionId":4000050600000,"currency":"CNY","masterFundShortName":"农银养老2035","fofFundFlag":1,"pinyin":"nyylmbrq2035sncyqhhxfqsjjzjj(fof)","pensionTargetFlag":1,"managers":[{"stockCode":"j101019656","stockType":"fund_manager","exchange":"fm","tickerId":261311244070,"name":"张梦珂"}]}}]}