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作风格，在严格控制信用风险的前提下，根据宏观基本面和资金面变化适度缩短久期，维持相对中性的杠杆水平，以追求基金的长期、持续增值。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.855Z","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1275009","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd64a","date":"2024-12-30T16:00:00.000Z","stockId":3000000008642,"sao":"2024年，债市收益率整体呈现震荡下行的态势，全年行情较强，债券长端表现优于短端。从中债总全价指数走势来看，全年行情可大致划分为三个阶段：第一阶段是1月至9月下旬，基本面延续弱修复态势，央行通过降准和降息引导广谱利率下行，在“资产荒”的主逻辑下，机构对债券的配置需求旺盛，推动债市收益率在波动中下行。中债10年期国债到期收益率从2023年末的 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金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=994007","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd644","date":"2023-06-29T16:00:00.000Z","stockId":3000000008642,"sao":"2023年上半年，债市展现“强牛”走势，表现为一季度信用债在前期“超跌”及“资产荒”的共同推动下率先走强，之后从3月开始至6月利率债各期限收益率也大幅下行，10年国债收益率从2022年末的2.84%大幅回落20bp至6月30日2.64%。在此期间波动幅度较大，从最高点2.94%到最低点2.595%，波动幅度达到35bp。纵观上半年，债市交易逻辑跟随基本面走势从年初的“强预期”转向了“弱现实”，再叠加资金面长期维持宽松，债牛趋势形成。具体看，年初市场对今年经济修复较为乐观，再加上金融数据“开门红”作证，10年国债在2.85%-2.95%区间高位震荡。债市真正企稳拐点发生在3月初，政府工作报告将今年经济目标定在5%大幅低于市场预期，10年国债利率开始缓步下行。进入4月后，经济数据不断低于预期，经济强修复逻辑被证伪，政治局会议继续强调坚持高质量发展，资金面大幅转松，至6月中旬央行“意外”降息预示着新一轮货币政策放松开启，多因素利好支撑下配置盘大举入场，10年国债利率一路快速下行至2.60%关键点位后，获利盘了结需求增加窄幅震荡。　　组合在报告期间内采取稳健的操作风格，在严格控制好信用风险前提下，维持目前的债券配置，坚持短久期策略，以控制波动风险。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.824Z","mo":"展望下半年，经济还将延续弱修复态势，通胀仍在低位震荡，基本面环境对债市有利。三季度开始稳增长政策陆续出台，或对市场预期造成扰动，特别是7月政治局会议未提“房住不炒”，住建部提出个人住房贷款“认房不用认贷”，央行鼓励存量房贷替换等一系列地产放松政策或对已经估值偏高的债市情绪形成压制。我们认为，当前房地产市场供求关系已经发生重大变化，即我国城市化进程、人口结构的变化，房地产需求呈长期下行态势，在高质量发展总基调下地产政策的放松仅是起到托底的作用。债市在政策扰动消退后会重新回归基本面逻辑，经济继续寻底对债市形成支撑，政治局和央行均提到发挥总量和结构性货币政策工具作用，后续三季度专项债发行提速，以及央行引导进一步降低房贷利率，均会进一步提升降准降息的概率。　　总体看，利率还处于下行趋势中，当前长端利率在MLF利率附近是配置机会，债市上行的空间已不大。但由于本轮债市时间长、债券估值高，再加之市场一致预期较强，交易拥挤加剧，我们预计债市下半年的波动将明显加大，操作上可加大波段操作、反向博弈。信用债具有较好的票息收益，在债市波动加大的情况下信用债市场的表现预计将好于利率债。","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远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=960857","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd643","date":"2023-03-30T16:00:00.000Z","stockId":3000000008642,"sao":"报告期内，债市出现了较为明显的分化，表现为信用债持续修复，各期限各等级收益率稳步下行，而利率债走势更为纠结，年初疫情消退后生产生活有序回复，市场对2023年经济复苏预期明显抬升，10年国债活跃券收益率从去年末的2.85%一路攀升至春节前最高点2.94%，之后因信贷投放节奏加快银行体系流动性趋紧扰动下，10年国债活跃券围绕2.90-2.95%区间窄幅波动，3月后公布的经济数据显示经济强复苏逻辑被证伪，另外政府工作报告将今年经济增长目标定在5%左右，也大幅低于市场预期，利率债开始走强，收益率逐步下行重新回到了2.85%。信用债则在配置力量推动下一季度一直处于牛市行情，一方面是去年末的“赎回潮”影响基本消退，年初理财规模企稳回升，配置需求转强，另一方面去年四季度信用债大跌信用利差已处于较高水平，信用市场迎来了年内较好的配置机会。　　本基金在报告期内采取相对稳健的操作风格，在严格控制信用风险前提下，根据基本面和政策面的变化适度增加了信用债配置，保持较低的杠杆水平，以实现净值相对稳健增长。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.821Z","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=885619","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd642","date":"2022-12-30T16:00:00.000Z","stockId":3000000008642,"sao":"报告期间内，债市收益率呈现窄幅震荡走势。截止到12月31日，10年国债收益率从2021年末的2.78%小幅抬升6bp至2.84%，而10年国开债下行9bp至2.99%。债市波动幅度明显收窄，从最高点2.92%到最低点2.58%，全年波动区间仅34bp，为历史波动幅度最低的一年。全年债市逻辑主线围绕着“强预期”与“弱现实”反复博弈，主要分为三个阶段。第一阶段（1-6月），年初信贷迎来“开门红”，市场对经济悲观预期修复，利率明显回升。3月开始疫情自上海向全国扩散，市场对于经济复苏预期转为悲观，债市再度走强，上半年10年国债收益率围绕2.73%窄幅震荡。第二阶段（7-10月），地产断供事件发酵，加剧了市场对于经济下行压力的担忧，8月央行“意外”降息，债市利率大幅下行，10年国债一度突破2.60%关键点位。第三阶段（11-12月），防疫“二十条”的优化措施出台确立了疫情防控政策开始转向，资金利率从低位持续抬升接近政策利率，“强预期”引发债市快速调整。在调整过程中由于理财赎回形成负反馈效应，加大了债市的跌幅，10年国债一度向上突破2.90%。年末理财赎回速度减缓，并在央行流动性呵护下，债市止跌企稳。　　组合在报告期间内追求稳健的操作风格，在严格控制好信用风险和流动性风险前提下，并根据货币政策和资金面变化适当进行债券配置，适当调整久期和杠杆水平，力争提高组合收益。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.818Z","mo":"展望2023年，疫情进入新的阶段，疫后经济修复是2023年宏观主线。以消费为主的内需是今年关注重点，消费场景打开为消费恢复创造了条件，但疫情三年对居民就业、收入和预期造成的“疤痕效应”很难在短期内迅速修复。另外，海外即将陷入衰退，出口增速受此影响或将进一步下行，商品房销售未见起色，地产投资年内难以出现拐点对经济继续形成拖累。整体看，基本面处于修复的初级阶段。　　政策方面，经济恢复基础不牢固，政策对稳增长诉求依然较强。从去年底中央经济工作表述推测，今年财政政策强调加力提效，或仍将是靠前发力。货币政策强调总量要够、结构要准，力度不能小于2022年。意味着今年货币政策还将延续宽松基调，总量宽松仍存在可能性，流动性继续维持合理充裕，但资金面的波动或将有所加大。　　债市策略方面，考虑到疫情已经造成居民企业的资产负债表严重受损，信心的修复难以一蹴而就，今年经济难以回到疫情前水平，经济动能偏弱限制了利率债的调整上限。稳增长政策发力仍需要货币政策配合，流动性仍将延续合理充裕的水平。整体看，上半年债市或将呈现“短强长弱”的结构性行情，在配置力量推动下受益于资金面宽松的中短久期的信用债、利率债或有较好表现；下半年随着经济转弱和利率曲线趋陡，长端利率债或迎来交易性机会。","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远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=869250","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd641","date":"2022-09-29T16:00:00.000Z","stockId":3000000008642,"sao":"报告期间内，债市走出一波较强的牛市行情。上半年10年国债活跃券收益率在2.70%-2.85%区间窄幅震荡，这一局面在下半年被打破。三季度10年国债活跃券收益率从季初最高点2.84%到最低点2.61%，下行约23bp，波动幅度较上半年明显加大，下行空间也进一步打开。驱动因素方面，7月国内疫情反复，房地产“断供”事件大面积发酵，商品房销售走弱，市场对基本面修复的预期被证伪。资金方面，8月央行“超预期”降息彻底引爆债市做多情绪，主要是考虑到实体需求不足，需要更为宽松的货币政策来降低企业融资成本，债市各期限收益率均大幅下行，10年国债活跃券一举突破前期2.70%下行至2.60%附近。9月债市小幅回调，主要因前期获利盘集中兑现，以及9月下旬海外央行加息节奏超预期，外汇和中美利差的不利因素对债市造成了一定的扰动。  组合在报告期间内采取稳健的操作风格，在严格控制好信用风险前提下，并根据货币政策和资金面变化适当调整了债券配置，拉长久期，维持中性的杠杆水平，以提高组合收益。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.814Z","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=805239","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd640","date":"2022-06-29T16:00:00.000Z","stockId":3000000008642,"sao":"报告期间内，2022年上半年债市整体呈现窄幅震荡走势。10年国债收益率从去年末的2.78%仅上行4.5bp至6月30日2.82%，年内最低点2.68%到年内最高点2.85%，振幅仅17bp。驱动因素方面，春节之前市场对于经济的悲观预期以及在降息落地推动下，10年国债收益率迅速走低向下突破2.70%。春节之后，1月信贷开门红使得市场对于经济预期有所修复带动债市收益率回调，10年国债一度升至2.85%。3月下旬至5月下旬，国内疫情再度爆发，对经济造成较大的冲击，货币政策放松资金利率走低，流动性处于合理充裕偏多的水平，10年国债在震荡中下行至2.74%附近。5月底之后，国内疫情形势有所好转，防疫政策边际放松，稳增长政策加速落地，权益市场大幅反弹，债市小幅回调。组合在报告期间内采取积极的操作风格，在严格控制好信用风险前提下，并根据货币政策和资金面变化适当进行债券配置，拉长久期，维持中性偏高的杠杆水平，以提高组合收益。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.810Z","mo":"展望下半年，随着国内疫情防控边际放松，经济环比将出现一定程度改善。但局部疫情仍有散发，近期地产端风险事件对地产行业造成一定程度的影响，整体需求偏弱，经济修复动能不强。政治局会议对疫情防控的定调仍然严格，对经济增长目标则有所淡化，这意味着增量的刺激政策空间有限，货币政策宽松流动性仍将维持“合理充裕”水平。“资产荒”背景下，下半年基本面、政策面、资金面对债市友好，策略上可以更积极一些，交易盘把握好节奏，配置盘逢调整可积极参与。","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=779845","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd63f","date":"2022-03-30T16:00:00.000Z","stockId":3000000008642,"sao":"报告期间内，疫情的冲击中断了经济修复的进程。年初政策提前发力，经济数据在前两个月迎来开门红，制造业投资、基建投资起到主要的拉动作用，弥补了房地产投资下行造成的拖累，出口依然保持着较强的韧性。进入到3月，上海、吉林等多地疫情爆发，各地均采取了严格的防疫措施，对生产生活造成巨大的冲击。债市收益率走出“V”型行情。1月中旬央行下调MLF和OMO利率10个基点，再叠加市场对于经济的悲观预期，10年国债收益率快速下行至季度低点2.68%。春节后公布的1月社融和信贷总量“开门红”，多地陆续放松地产调控政策，利率再度回升至降息前水平。进入3月，固收+基金赎回压力、俄乌局势升级、多地疫情来袭，多空信号交织，债市围绕2.80%中枢水平震荡。往后看，基本面有支撑，而稳增长也会继续发力，债市仍然难以摆脱震荡的态势。组合在报告期间内采取稳健的操作风格，着重控制信用风险，并根据货币政策和资金面变化积极的进行债券配置、适当的提升了杠杆水平，以提升组合收益。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.807Z","fund":{"_id":30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加大，货币政策总量宽松以及结构性紧信用的格局，对债市构成确定性利好，配置盘可逢收益率在政府债供给放量波动时加大配置。","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=628240","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd63b","stockId":3000000008642,"sao":"报告期间内，随着接种疫苗在全球范围内的推进，全球经济稳健复苏。国内经济延续强劲的修复势头。在去年同期低基数作用下，一季度各项同比数据均出现大幅度的反弹。与市场预期相比，出口增速超预期，投资中地产增速超预期，制造业和基建低于预期主要是受到节前疫情防控及冷冬的限制，消费稳健回升与预期一致，出口大幅增长又带动了工业增加值数据好于预期。通胀方面，高基数影响下CPI进入负增长区间，PPI则受到内外需共振、国际大宗商品价格大涨影响呈现快速回升的势头。由于国内经济稳健复苏，央行于1月中旬退出了自去年年末信用风险事件以来的超宽松货币政策，资金面瞬间转紧利率大幅飙升，此前债市做多的放水逻辑被破坏，债市收益率大幅回升。春节后资金利率中枢已回归至政策利率附近，市场对于货币政策继续收紧的担忧下降。对于美债收益率回升、通胀升温、一季度经济数据较好等因素市场已经有充分预期，债市对利空因素反应钝化，均促使春节后债市收益率缓慢回落。组合在报告期间内采取稳健的操作风格，在严格控制信用风险基础上，根据货币政策和资金面变化适当进行债券配置调整债券久期，维持适度的杠杆水平。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.796Z","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=569352","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd63a","stockId":3000000008642,"sao":"2020年年初爆发的新冠疫情对全年经济的节奏影响较大，一季度经济增速大幅负增长，为对冲疫情冲击、货币政策大幅放松，债市收益率快速下行。随着国内率先控制住了疫情，后三个季度经济持续恢复，在外需的带动下，4季度经济增速基本回归常态。货币政策也随着经济的复苏而在5月份开始转向，债市转入熊市，收益率持续上行。11月永煤事件爆发，央行暂时转向宽松以维护市场稳定，债市有所反弹、收益率有所下行。全年来看，2020年债市波动较大，以10年国债收益率为例，4月份达到最低点，11月份达到最高点。基于上述分析，投资策略上，本基金在严格控制信用风险的前提下，灵活调整久期，维持适度杠杆水平。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.791Z","mo":"随着国内经济的恢复，2021年宏观杠杆率将有所控制，社融和经济增速可能会面临一定的下行压力，但外需有望对国内经济构成支撑，预计全年经济总体保持平稳。货币政策也将保持稳定，预计2021年债市将呈现震荡格局，上行和下行空间都不大。","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560","stockType":"fund_manager","exchange":"fm","tickerId":242518216420,"name":"谢雨芮"}]},"announcement":{"linkText":"国金惠远纯债债券型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=553176","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecbdd7fea5b3eb04bd639","stockId":3000000008642,"sao":"2020年第三季度，国内经济延续恢复势头，基建发力、地产投资保持韧性、出口持续超预期，带动国内工业生产已基本恢复到疫情前水平，在国内疫情防控得力的背景下，服务业也呈现加速恢复态势。货币政策方面，5-6月回归常态之后，三季度货币政策总体保持稳定，DR007围绕2.2%的政策利率上下波动，但由于超储率处于低位，叠加银行持续压降结构性存款，银行负债端压力明显加大，1年期同业存单发行利率继续上行。2020年第三季度，经济较好的恢复势头，叠加银行负债端较大的压力，带动债市长短端收益率继续上行，基于上述分析，投资策略上，本基金在严格控制信用风险的前提下，继续采取短久期策略，维持适度杠杆水平。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:32:13.789Z","fund":{"_id":3000000008642,"__csrcFundId":7394,"stockCode":"008642","shortName":"国金惠远纯债A","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":8642,"masterFundFlag":1,"lastUpdated":"2024-12-31T23:39:48.875Z","status":"normal","inceptionDate":"2020-05-13T16:00:00.000Z","name":"国金惠远纯债债券型证券投资基金","exchange":"jj","followedNum":0,"fundCollectionId":4000050690000,"currency":"CNY","masterFundShortName":"国金惠远纯债","setUpDate":"2020-05-13T16:00:00.000Z","setUpAssetScale":800066938.48,"setUpShares":800066938.48,"pinyin":"gjhyczzqxzqtzjj","managers":[{"stockCode":"db20793560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