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经济增速逐步下台阶是新常态，不要过分关注国内GDP增速，重点关注个股估值和业绩匹配度以及行业和个股预期差。2023年将维持中性有弹性的仓位，指数如果调整幅度较大将果断加仓，指数如果感觉有较大调整风险将果断减仓。","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选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=873351","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb9","date":"2022-09-29T16:00:00.000Z","stockId":3000000007468,"sao":"2022年3季度上证指数下跌11.01%，创业板指下跌18.56%，本基金下跌8.34%。9月中下旬开始持续加仓，仓位有所上升，整体还是中性仓位。持仓方面，增持了医药和食品饮料等防御板块，减持了光伏、锂电等相关产业链，行业集中度仍然较低，个股集中度仍然较为分散。8月中旬以来市场再次下跌，主要跟随全球股市下跌，美国加息预期大幅超预期导致美元指数暴涨，导致全球风险资产价格大跌，受益于地缘政治的煤炭、原油、黄金等板块表现较好，政策刺激力度不断加大的地产产业链表现较好，有防御价值的医药、食品饮料表现较好，疫情复苏相关板块表现也较好，但因供需格局恶化或外围环境恶化导致未来业绩确定性大幅减弱的板块表现较差。机构对行业和个股基本面要求越来越高，行业的β机会越来越小，景气长期向上的行业未来机会也主要集中在细分行业或者细分赛道的α机会。未来，价值投资继续深入机构投资者的投资理念，赛道投资持续盛行，博弈气氛浓厚，A股的投资逻辑受海外机构投资者的影响，和美股、港股的投资逻辑仍有较大不同，但趋同性增强，资金投资可能更多的是看赛道板块小周期的景气度，长期逻辑在淡化。考虑到目前市场已经下跌到相对较低位置，基金将逢低继续增加仓位，积极寻找行业和个股预期差，反复思考买入、卖出逻辑，对于确定性较强的的板块将增加配置比例，积极寻找个股的α机会。整体思路，重视个股的α机会以及仓位控制。短中期密切关注美国的加息节奏。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.094Z","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选混合型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=808088","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb8","date":"2022-06-29T16:00:00.000Z","stockId":3000000007468,"sao":"本基金2022年上半年整体仓位偏低。基金坚持价值投资为主，主要持仓为锂电、光伏、有色、医药、风电、电子、建材等板块，持仓以高景气度的股票为主。持仓行业集中度较低，个股集中度较为分散，持仓市值增加中小市值个股，增持部分细分行业龙头股。年初以来因为经济预期悲观导致成长股持续暴跌至4月底，当时持仓成长股为主，导致净值回调幅度较大，4月末成长股止跌反弹，4月末之前基建、地产、银行、疫情复苏、煤炭、新冠药物等持续活跃，4月末之后新能源汽车相关板块、光伏相关板块、风电相关板块等大幅反弹，煤炭板块持续上涨。当前投资可能更多的是关注赛道板块小周期的景气度，长期逻辑在淡化。考虑到目前市场反弹到相对较高位置，基金短期将控制好仓位，耐心寻找再次加仓机会，更加注重自上而下的板块机会，对于把握性相对比较强的板块将增加配置比例，尽量减少过早的左侧交易。未来，个股持仓集中度仍然会比较分散，但行业集中度将提升，行业过于分散净值难以大涨。寻找业绩未来高增长的行业和个股在以后的投资中将是第一位的。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.090Z","mo":"中长期来看，我们认为经济增速逐步下台阶是新常态，不要过分关注GDP增速，而应该重点研究行业趋势。上半年各种经济刺激政策频繁出台，下半年预计经济短期弱复苏，但长期仍然面临盈利和增长的问题。各行业内卷日趋严重，行业拐点把握尤其重要，拉长看，短期高景气的行业未来几年业绩也可能因为进入者太多、竞争加剧导致利润暴跌。指数中长期看，波动区间也不会很大。结构性分化仍然会非常明显，市场机会还是在少数板块和个股，市场对基本面要求越来越苛刻，对利空反映越来越敏感，对利好反映敏感度不高，市场交易会一直比较活跃，拥有短中长向好逻辑并且估值较低、股价位置较低的好股票发现难度越来越大。资金抱团和赛道投资仍然会很明显，市场交易特征明显，板块和个股波动性明显加大。机构资金主要集中在极少数景气度向上的热门赛道行业，游资仍然乱炒各种主题。A股的投资逻辑正在受海外机构投资者的影响，和美股、港股的投资逻辑越来越趋同。2022年下半年将重点配置景气度向上的细分行业龙头股，将增加配置中小市值比例。中小市值股票过去几年涨幅严重落后，不乏一些基本面优异、估值较低的细分龙头，当然大部分中小市值股票还是没有机会，只有极少数机会会比较明显。超级大市值股票由于过去几年涨幅巨大，市场对其基本面要求更苛刻，波段操作为主。下半年将维持中性仓位，增加持仓的行业集中度。","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选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=786664","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb7","date":"2022-03-30T16:00:00.000Z","stockId":3000000007468,"sao":"2022年1季度上证指数下跌10.65%，创业板指下跌19.96%，本基金下跌19.62%。跌幅明显高于其他两只在管基金，主要是限售股金辰股份年初占比非常高，年初以来跌幅较大。持仓方面，主要增持锂电上游和下游、半导体等，行业集中度相较2021年4季度有明显提升，个股集中度仍然较为分散。1季度延续了去年4季度主题炒作盛行，妖股横行，基本以无业绩无机构纯概念股炒作为主，反而有业绩的机构持仓股表现不佳，市场主流新能源、半导体、军工、食品饮料、电子、汽车、计算机等板块回调比较明显，煤炭、地产板块大涨，银行、农业、建筑板块表现良好，但地产产业链相关的家具、家电走势均不佳，大部分板块和个股上涨持续性都很差，但却能持续下跌。机构对行业和个股基本面要求越来越高，稍微有点不如意，股价就会明显回调。很明显，价值投资确实深入机构投资者的投资理念了，由于有长期逻辑，短期增长又比较确定，估值还比较低的个股本来就是稀缺资源，选股难度再次加大，大部分个股可能还是没有长期逻辑，基本是短期机会，不好把握。1季度，价值投资理念受到市场严重冲击，资金极致博弈行业趋势，个股的业绩重要性大幅下降，基金重仓的需要看基本面的个股一旦低于预期往往股价大幅调整，但超预期股价也只是短期机会。活跃游资和机构持仓完全不相关，市场炒作氛围浓厚，新冠药物反复炒作，经济复苏相关个股反复炒作，基本面非常差的猪肉反复炒作价格反弹，地产板块反复炒作政策放松，未来可能还是主题投资，常规的投资理念赚钱难度很大，中国股市固有的疯狂炒作再度流行。最近也大体分析下美股和港股的投资逻辑，发现股价走势基本还是基本面的同步指标，而中国股市正在极致博弈，预期中的预期，反复预期，当期业绩重要性大幅下降。本基金将控制好仓位，积极寻找行业预期差，反复思考买入卖出逻辑，不过于倚重个股基本面分析，而更加注重自上而下的板块机会，考虑目前板块效应来也匆匆、去也匆匆，对于把握性相对比较强的板块将增加配置比例，尽量减少左侧交易。3月以来考虑到流动性因素，对于小市值股票持仓比例在下降，目前市场只有热门板块的小市值股票才有机会，而热门板块相对来说不多，非热门板块的中小市值股票就一直在跌，下跌和基本面关系不大，市场虽然整体换手率不低，但明显是缺钱的，资金在特定时期为了提高使用效率，基本就是主攻少数板块里面的少数妖股，其他板块同时基本都在跌。提前寻找行业预期差，寻找未来可能的基本面好转或者利好因素现在看来更加重要。总之，未来更加重视仓位控制，更加重视自上而下的选股逻辑，股价由业绩推动变成风格、主题、概念推动。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.087Z","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选混合型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=730052","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb6","date":"2021-12-30T16:00:00.000Z","stockId":3000000007468,"sao":"中信建投策略精选基金坚持价值投资为主，全年业绩排名比较靠前，明显跑赢对标指数。回顾全年市场，可谓一波三折，春节前是极少数核心资产的最后疯狂，春节后是小票反弹、核心资产集体暴跌，3月后核心资产开始严重分化，2季度医药一枝独秀，6月开始一直到3季度锂电、光伏、风电持续爆发，多数板块和个股8月中旬附近就是股价最高点，之后就是持续下跌。8月后市场情绪越来越激进，短炒明显，炒作垃圾主题股盛行，有基本面的成长、价值股纷纷回调，除了极少股个股暴涨暴跌外，大部分个股以下跌为主，博弈思维越来越浓厚，对于基金经理来说操作难度越来越大，涨的股票持续性很差，跌的股票持续性下跌。8月之前的行情整体上是把握的比较好的，部分重仓股表现不错，带来较大净值提升，8月之后净值波动加大，明显感觉操作难度加大。年底主要持仓为光伏、军工、核电、医药、半导体等，板块和个股持仓集中度由年初的较集中到年底的明显下降，未来持仓上，务必坚持买入景气度向上的行业和个股，自上而下选行业，自下而上选个股，充分重视个股流动性和长期逻辑，没有长逻辑的股票慎重买入，配置上不能太激进，均衡配置，个股重仓要慎重，左侧买入时机不能太超前，主题投资要慎重。看好持续增长的低估值成长股和成本下降导致利润提升的类消费股。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.084Z","mo":"伴随着美联储加息和缩表预期，美国经济预计由过热、滞涨走向衰退，美国流动性前紧后松，下半年美国货币政策有改善可能。而国内经济预计由衰退走向短周期复苏，货币政策前松后稳。全球股市联动性加强，2022年中国股市预计宽幅震荡，中长期来看，我们认为经济增速逐步下台阶是新常态，不要过分关注国内GDP增速，重点关注估值和业绩匹配度和预期差。2022年全年，我们主要看好的细分行业包括智能驾驶、核电、声学光学赛道、新能源电池产业链、光伏龙头、疫情受损的酒店、旅游等，阶段性关注地产基建产业链。预计2022年疫情将明显好转。2021年择时不重要，2022年争取能够根据市场状况调节仓位，低位加仓，高位适当减仓。未来行情，指数角度看，维持宽幅震荡的判断，个股角度看，个股分化会越来越严重，对个股的深入研究越来越重要，考验的是整个投研团队的配合以及基金经理的个人能力。","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选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=715273","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb5","date":"2021-09-29T16:00:00.000Z","stockId":3000000007468,"sao":"中信建投策略精选基金3季度整体维持中性仓位。基金坚持价值投资为主，主要持仓为光伏、锂电、有色、传媒、通信、信息安全、汽车、机械、煤炭、钢铁、电子等板块，和2020年2季度末的持仓行业相比，增持了光伏、锂电、信息安全、有色金属等，减持了白酒、军工、交运等，持仓以高景气度的股票为主，增持了部分小市值的专精特新板块个股。4季度持仓将进一步聚焦于中大市值股票为主，关注低位、低估值股票，回避流动性较差的股票。8月以来，市场轮动越来越快，轮动持续时间越来越短，板块效应越来越明显，流动性越来越重要，中小市值股票不分基本面的大面积下跌，只有少数热门赛道的股票上涨，但持续性都很差，一旦回调，下跌的非常快、非常猛，上涨永远是少数板块的少数个股在涨，下跌是板块个股普跌，每日上涨板块是少数而下跌板块是大多数，指数严重失真，茅指数为代表的超级大盘股自9月中旬以来护盘明显，大部分股票又开始面临类似2020年因为极致抱团导致的流动性危机。自8月以来，市场运行结构再次发生很大变化，资金只玩各行业龙头趋势明显，长期基本面显得没那么重要，而短期主题炒作更明显，短期的催化剂变得重要，但主题炒作持续又特别差。不管你是集中板块持股还是分散板块持股，结局似乎没有多大区别，胜算很低，即使集中一两个板块持股，涨起来确实能涨，但跌起来更猛，拉长中周期维度看，似乎还是跌的。持续多日的日换手万亿，不表明市场钱多了，而是因为市场整体换手率大幅上升了，因为板块和个股涨跌波动幅度越来越大，逼迫资金加大换手交易，结果是波动更大，一旦下跌根本没时间反应就暴跌。4季度将维持中性仓位，更加重视个股流动性，在兼顾短中长期逻辑的情况下，注重逢低布局，谨慎追涨，以中大市值高成交额的股票为配置重点。3季度通胀交易明显超出预期，导致周期股阶段性上涨明显，之后又是暴跌，4季度通胀交易将大幅减弱，周期品价格4季度内预计仍然高位震荡，下跌空间有限，但创新高可能性很低，整体周期板块个股机会不大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可能你持有的股票未来半年看是很好的，但提前左侧买入可能会跌幅较大，由于基金规模不大，一定要充分发挥基金灵活的优势，配置上，高流动性的核心资产为主，低流动性的看好个股也会阶段性适当买入，但不适合买入太多。市场轮动很快，未来行情主线还是最有竞争力的核心资产行情，看好持续高增长的高估值成长股和市场占有率持续提升的周期核心资产。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.072Z","mo":"2021年股市预计前高后低，全球流动性也是前高后低，国内经济增速也是前高后低，通胀压力也是前高后低，估值不是影响股价核心因素，行业景气度才是核心。中长期来看，我们认为经济增速逐步下台阶是新常态，不要过分关注GDP增速，指数中长期看，波动区间也不会很大，所以不要过于在意指数涨跌。重点关注短期以及中长期高景气度行业是我们最重要的投资策略。2021年全年，传统行业只看龙头的集中度提升，新兴产业，我们主要看好的细分行业包括人工智能、智能驾驶、声学光学赛道、新能源电池产业链、光伏龙头、医美、疫情受损的酒店、旅游、天基互联、消费白马等。预计2021年下半年疫情可能明显好转，所以顺周期的疫情受损股届时将迎来基本面的根本反转。1季度仓位上会保持前高后低，年初市场流动性比较好，积极寻找市场机会。","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选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=557863","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb1","stockId":3000000007468,"sao":"中信建投策略精选基金3季度仓位前高后低，坚持价值投资为主，主要持仓为消费电子、半导体、地产、家电、食品饮料等板块，和2季度末的持仓行业相比，减持了军工行业，增加了部分半导体和消费个股，其他变化不大，得益于少数重仓股股价表现较好，8月下旬以来的低仓位防御，以及科创板和创业板打新收益率比较可观，3季度整体净值表现较好。随着科创板股票首日涨幅越来越低，打新收益率快速下降，9月以来也少量参与了估值相对不高的科创板新股，次新股操作难度很大，同质化太强，无论下跌还是上涨波动幅度都比较大，亏钱概率更大，以后买入次新股会更加谨慎。4季度将仍然重点配置业绩确定性强的细分行业龙头股、硬科技股、品牌消费股、低估值的地产、金融股等。继续看好消费电子，尤其是苹果产业链个股，相关个股3季度业绩因苹果手机推迟上市影响业绩增速，4季度预计苹果相关产品销售较好。当前，全球疫情还在发酵，美国也未见明显好转，整体上，4季度不确定性因素非常多，美国大选以及之后政策不确定性很大，全球流动性可能迎来拐点，对全球股市造成冲击。考虑到美股和A股的联动性，未来美股如果回调对A股核心资产会有较大压力，A股的核心资产目前估值也比较高，选股难度加大。4季度，方向上还是科技为主，十四五规划相关行业和个股存在主题性机会，消费、医药如果回调幅度较大会增加配置，低估值的金融地产板块机构配置比例很低，可能有阶段性机会。4季度将继续降低非核心资产持仓比例，非核心资产流动性太差，选择股票难度很大，选择错误的话下跌幅度会很大，核心资产股价位置高，估值高，股价波动小，买入长期逻辑向好行业的股票。4季度仓位上预计前高后低，10月应该还是较好的投资机会，11月后不确定性较大，相对会比较谨慎。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.070Z","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选混合型证券投资基金2020年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=492408","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecac47fea5b3eb04a8fb0","stockId":3000000007468,"sao":"中信建投策略精选基金2020年上半年保持中性仓位，坚持价值投资为主，坚持挖掘景气度向上行业，主要持仓为电子、计算机、军工等板块，1季度排名好于2季度，主要原因在于2季度市场热点基本都集中在医药、消费等行业，本基金医药、消费持仓比例较低。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:27:32.067Z","mo":"2020年2季度经济数据环比1季度明显改善，但受近期全球新型冠状病毒疫情加重影响，下半年全球经济回暖难度较大，中国经济下半年存在较大不确定性。中长期来看，我们认为经济增速逐步下台阶是新常态，不要过分关注GDP增速。7月以来大金融板块大幅拉升，创业板和主板指数上升较快，个人投资者积极入世，市场情绪高涨，两市换手持续高位，警惕市场调整压力。指数中长期看，波动区间也不会很大，所以重点关注短期或者中长期高景气度行业是我们根本的投资策略。我们认为在11月份美国大选前，中美博弈会相对克制，在美国疫情出现根本好转前，全球流动性会持续宽裕，美股和A股联动性越来越大，北上资金话语权越来越大，更倾向于认为指数3季度回调空间有限，市场风险偏好仍然较高，但11月美国大选后市场风险偏好可能会下降。核心资产目前很贵，但中长期还是看好核心资产，看好消费电子、军工、地产和地产产业链、半导体、医药和食品饮料等。近期科创板新股涨幅可观，下半年将积极参与科创板打新，市场一直是结构性机会，要充分重视个股流动性风险。","fund":{"_id":3000000007468,"stockCode":"007468","areaCode":"cn","stockType":"fund","tickerId":7468,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"中信建投策略精选混合型证券投资基金","shortName":"中信建投精选混合(007468)","custody":"中国工商银行股份有限公司","fundType":"stock","ipoDate":"2019-11-04T16:00:00.000Z","setUpScale":349442000,"__csrcFundId":6823,"fundStatus":"normal","lastUpdated":"2026-04-30T20:44:11.941Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-11-28T16:00:00.000Z","followedNum":7,"fundCollectionId":4000050840000,"currency":"CNY","masterFundShortName":"中信建投精选混合","pinyin":"zxjtcljxhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20354725","stockType":"fund_manager","exchange":"fm","tickerId":121023151560,"name":"栾江伟"}]},"announcement":{"linkText":"中信建投策略精选混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose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