window.pageData = {"stock":{"_id":3000000009240,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"52190000","tickerId":52190000,"name":"泰康基金管理有限公司"},"managers":[{"name":"宋仁杰","stockType":"fund_manager","stockCode":"8801620142","exchange":"fm","tickerId":191810193780}],"hotMetrics":{"fss":{"stockId":3000000009240,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.5109,"f_ins_h_s_r_c_hy":0.11790000000000006,"f_ins_h_s_r_c_1y":0.08850000000000002,"f_ind_h_s_r":0.4891,"f_ind_h_s_r_c_hy":-0.1179,"f_ind_h_s_r_c_1y":-0.08850000000000002,"f_h_a":3945,"f_h_s_a":57029,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000009240,"type":"fpr","f_p_r_fys_ssc":5565,"f_p_r_fys_ssrp":0.6982386772106398,"f_p_r_m1_ssc":5850,"f_p_r_m1_ssrp":0.25918960506069416,"f_p_r_m3_ssc":5702,"f_p_r_m3_ssrp":0.46149798281003335,"f_p_r_m6_ssc":5444,"f_p_r_m6_ssrp":0.7839426786698512,"f_p_r_y1_ssc":4677,"f_p_r_y1_ssrp":0.8272027373823782,"f_p_r_y2_ssc":3551,"f_p_r_y2_ssrp":0.9061971830985915,"f_p_r_y3_ssc":2899,"f_p_r_y3_ssrp":0.8364389233954451,"f_cagr_p_r_fs_ssc":5937,"f_cagr_p_r_fs_ssrp":0.8151954177897575,"f_p_r_y5_ssc":1783,"f_p_r_y5_ssrp":0.8153759820426487},"fp":{"stockId":3000000009240,"type":"fp","f_p_r_fys":-0.002721499848805431,"f_p_r_m1":0.04125447274258054,"f_p_r_m3":0.006203600122038244,"f_p_r_m6":-0.0362361192285211,"f_p_r_y1":0.013833384568091356,"f_cagr_p_r_fs":-0.001838719657385357,"f_p_r_d1":-0.003330978096295567,"f_p_r_y3":-0.011785856971633701,"f_p_r_y2":0.019264448336252293,"last_data_date":"2026-05-28T16:00:00.000Z","f_p_r_y5":-0.17267330044318074},"ff":{"stockId":3000000009240,"type":"ff","f_m_f":2151945,"f_m_f_r":0.012,"f_c_f":358657,"f_c_f_r":0.002,"f_m_a_c_f":2510602,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-12-05T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2026-04-02T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000009240,"type":"f_nlacan","f_nv_d":"2026-05-28T16:00:00.000Z","f_nv":0.9894,"f_nv_cr":-0.01913353821750763},"f_as":{"stockId":3000000009240,"type":"f_as","f_tas":180742937.697,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":333,"holdings":237200,"marketCap":18110220,"netValueRatio":0.1002,"quarterlyChange":-0.023032629558541684,"stock":{"stockCode":"000333","exchange":"sz","stockType":"company","tickerId":333,"name":"美的集团"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":1000000000000700,"holdings":36236,"marketCap":15485374,"netValueRatio":0.0857,"quarterlyChange":-0.19198664440734592,"stock":{"stockCode":"00700","exchange":"hk","stockType":"company","tickerId":700,"name":"腾讯控股"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":600031,"holdings":674300,"marketCap":12960046,"netValueRatio":0.0717,"quarterlyChange":-0.09039280643634595,"stock":{"stockCode":"600031","exchange":"sh","stockType":"company","tickerId":600031,"name":"三一重工"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":600900,"holdings":461900,"marketCap":12489776,"netValueRatio":0.0691,"quarterlyChange":0.002433075036404553,"stock":{"stockCode":"600900","exchange":"sh","stockType":"company","tickerId":600900,"name":"长江电力"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":1000000000003606,"holdings":211600,"marketCap":10957709,"netValueRatio":0.0606,"quarterlyChange":-0.1272321428571418,"stock":{"stockCode":"03606","exchange":"hk","stockType":"company","tickerId":3606,"name":"福耀玻璃"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":1000000000002400,"holdings":181200,"marketCap":9671428,"netValueRatio":0.0535,"quarterlyChange":-0.06784888203546591,"stock":{"stockCode":"02400","tickerId":2400,"exchange":"hk","stockType":"company","name":"心动公司"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":600519,"holdings":6631,"marketCap":9614950,"netValueRatio":0.0532,"quarterlyChange":0.052876167240301974,"stock":{"stockCode":"600519","exchange":"sh","stockType":"company","tickerId":600519,"name":"贵州茅台"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":2517,"holdings":531800,"marketCap":9412860,"netValueRatio":0.0521,"quarterlyChange":-0.19067215363511636,"stock":{"stockCode":"002517","exchange":"sz","stockType":"company","tickerId":2517,"name":"恺英网络"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":600809,"holdings":55039,"marketCap":7873879,"netValueRatio":0.0436,"quarterlyChange":-0.16680256260920212,"stock":{"stockCode":"600809","exchange":"sh","stockType":"company","tickerId":600809,"name":"山西汾酒"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockId":858,"holdings":74370,"marketCap":7680189,"netValueRatio":0.0425,"quarterlyChange":-0.025202945063243498,"stock":{"stockCode":"000858","exchange":"sz","stockType":"company","tickerId":858,"name":"五粮液"}}],"bondHoldings":[{"_id":"69e7d73f6201787ae12a5098","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","fundId":3000000009240,"stockCode":"230207","stockName":"23国开07","holdings":100000,"marketCap":10188821,"netValueRatio":0.0564,"lastUpdated":"2026-04-21T19:59:59.020Z"}],"lastFsMetrics":{"latestTurnoverRate":0.6088518721560232,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e7d5796201787ae129f196","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-20T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2026年一季度，国内经济整体呈现温和修复、结构分化的特征，政策延续稳增长导向，经济内生动能仍处于修复过程中。从宏观层面看，地产链仍在筑底过程中，对总需求形成一定拖累，但制造业与出口表现相对稳健，部分高端制造与新兴产业维持较高景气度。消费方面，在居民收入预期尚未明显改善的背景下，整体恢复节奏偏缓，但服务消费表现好于商品消费，我们也在消费领域看到部分见底回升的星星之火，虽还不足以燎原，但已经值得开始重视。　　权益市场方面，受到资金面和国际形势影响，一季度A股呈现结构型行情，资源和能源板块表现较强，部分高端制造和科技方向阶段性活跃，新能源等前期景气赛道表现分化。2026年是波动更大的一年，流动性、估值和国际环境都更复杂，我们对部分估值仍在高位、竞争格局恶化的行业相对谨慎。　　权益投资方面，报告期内，本基金坚持立足于高质量发展的新常态，寻找真正具有长期竞争力，能受益于中国经济高质量发展的行业和优质公司。维持相对均衡的策略，看好AI、黄金、高股息、消费等方向。","lastUpdated":"2026-04-21T19:52:25.261Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1468695","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca13e50daeb17084fb2a48","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2025年为经济新旧动能转换的关键之年：传统经济内生增长动力持续承压，政策端积极推出消费品以旧换新等举措发力托底；外贸出口竞争力进一步得到证实并持续强化，以AI为代表的新经济领域也取得实质性积极进展。政策层面，全年加大了财政逆周期调节力度，“反内卷”　相关举措的提出与渐进落地，也在逐步缓解物价低迷的态势。　　权益市场方面，2025年A股权益市场整体表现强劲，主要指数全线收涨，市场交投活跃。从大盘指数来看，创业板指以49.57%的年度涨幅领跑，深证成指上涨29.87%，上证指数全年上涨18.41%，沪深300指数上涨17.66%，恒生综合指数与恒生科技指数分别上涨30.98%和23.45%，展现强劲的全球资产吸引力。行业表现方面，有色金属与通信行业表现尤为突出，全年涨幅分别高达94.73%和84.75%，成为市场核心驱动力；电子、电力设备与综合行业亦表现优异，涨幅均超40%。食品饮料与煤炭行业全年分别下跌9.69%和5.27%，房地产、美容护理等板块表现疲软。　　权益投资方面，与以往一致，本基金致力于以合理价格长期持有商业模式优秀、治理过硬、具有竞争优势的企业，力争获取优秀企业长期经营增长带来的收益。在配置上，增加了可选的精神消费层面的品种，以适应当前社会层面消费趋势的变化。","lastUpdated":"2026-03-30T06:10:45.136Z","mo":"展望2026年，宏观经济的核心主线或将聚焦名义GDP增速的逐步回升。从增长动能来看，传统经济动能偏弱的格局料将延续，经济增长仍需依托外需韧性与财政政策的持续拉动。物价层面，全球制造业周期回暖、美元走弱催生的实物资产配置需求，叠加　“反内卷”　举措的渐进落地，多重因素有望推动物价增速逐步企稳和弱回升。综合内生增长动力的修复节奏来看，当前担忧出现显著通胀或滞胀风险，尚为时过早。　　权益市场方面，整体估值水平不低，其中“星辰大海”的品种与出口制造的品种表现较好，但内需消费层面由于种种原因存在着一定的压力，相关品种表现为低估值、低预期、低参与度，值得挖掘。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1449290","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8aa2","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-26T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，三季度宏观数据边际上有所下行，可能一定程度上反映了地方政府投资行为规范化的政策效果。乐观的投资者可以将此解读为远期的产业供需更加平衡，不过短期内是否会导致实物量的下行仍需观察。此外，反内卷受到重视，相关的产业政策能够看到一些亮点，但宏观的总量效应还需要再观察。　　权益市场方面，2025年第三季度A股市场呈现“整体上涨、结构分化”特征。主要宽基指数全线上涨，创业板指以50.40%的涨幅领涨，深证成指（+29.25%）、万得全A（+19.46%）、沪深300（+17.90%）紧随其后，上证指数（+12.73%）表现相对稳健。港股方面，恒生指数上涨11.56%，恒生科技上涨21.93%。行业表现方面，通信、电子、电力设备等板块领涨，银行成为唯一下跌的申万一级行业。　　权益投资方面，我们继续以好公司、价格合理、走得远、看得明白为选股标准，精选个股进行投资，本期适当增配了娱乐类品种。","lastUpdated":"2026-03-09T13:34:51.985Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1369179","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8aa1","date":"2025-06-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2025年上半年延续了此前结构分化的特征，但部分领域的韧性好于预期，宏观经济预期有所改善。结构分化体现在，出口和制造业继续支撑经济，但地产在年初的小阳春之后明显降温。消费在以旧换新的支撑下，表现较好。相对于现实层面的数据，预期的改善更为明显，科技领域突破、出口在关税冲击下仍然保持韧性等，增强了宏观信心。　　权益市场方面，2025年上半年整体先跌后涨。从大盘指数整体表现上来看，上半年上证指数上涨2.76%，沪深300上涨0.03%，创业板指上涨0.53%，恒生综合指数上涨20.18%，恒生科技上涨18.68%。申万一级行业表现来看，有色金属、银行、国防军工、传媒、通信等行业表现相对较好，煤炭、食品饮料、房地产、石油石化、建筑装饰等行业表现相对落后。　　权益投资方面，上半年我们继续优选商业模式好，有竞争优势，估值合理的品种，并对一些个股进行了适当调整。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.982Z","mo":"宏观经济方面，展望下半年，“反内卷”政策如何推行，成为最大看点。宏观经济或能继续维持平稳运行的特征，出口存在一定的向下压力、但韧性犹存；财政力度或边际退坡，但如果反内卷政策能提振市场预期、有效平衡部分行业的供需格局，则有利于通缩预期的缓解。外部环境处于缓和期，为国内提供了良好的发展环境。　　权益市场方面，尽管实体经济可能波动不大，但市场对中长期信心明显增加，我们预计市场继续保持活跃。　　权益投资方面，本基金将继续优选商业模式好，有竞争优势，估值合理的品种，并根据市场情况适度调整。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1338263","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8aa0","date":"2025-03-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，一季度经济处于总量不温不火、结构上有亮点的阶段。deepseek的出现增强了投资者的信心，科技领域亮点频出。传统部门方面，消费数据中规中矩，地产处于底部震荡期，出口有一定隐忧但现实数据尚可。财政相对靠前发力，是一季度政策的主要支撑。　　权益市场方面，25年1季度A股整体区间震荡为主，季度初和季度末均经历了一些回调，港股整体表现则更加强势。从大盘指数整体表现上来看，1季度上证指数下跌0.48%，沪深300下跌1.21%，创业板指下跌1.77%，恒生综合指数上涨14.70%，恒生科技上涨20.74%。A股申万一级行业表现来看，有色金属、汽车、机械设备、计算机、钢铁等行业表现相对较好，煤炭、商贸零售、石油石化、建筑装饰、房地产等行业表现相对落后。　　权益投资方面，我们继续优选商业模式好，有竞争优势，估值合理的品种。我们也适度增配了与经济复苏相关的品种。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.980Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1265988","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9f","date":"2024-12-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2024年的宏观经济继续是量价分化、结构分化的一年。实际GDP目标顺利完成，物价指数处于低位，从购买力角度是一件好事，从盈利和收入预期的角度则有所承压。从结构来看，出口继续延续了较强的竞争力，地产继续在转型的过程中，而消费则先抑后稳，下半年在以旧换新政策的支持下边际改善。政策在9月底的转向给宏观经济注入了强心针，政策的落实在有条不紊推进，预计2025年继续是政策占据主导的一年。　　权益市场方面，2024年全年整体先跌后涨，在四季度涨幅较大。从大盘指数整体表现上来看，全年上证指数上涨12.67%，沪深300上涨14.68%，创业板指上涨13.23%，恒生综合指数上涨16.31%，恒生科技上涨18.70%。申万一级行业表现来看，银行、非银金融、通信、家用电器、电子等行业表现相对较好，医药生物、农林牧渔、美容护理、食品饮料、轻工制造等行业表现相对落后。　　权益投资方面，我们继续优选商业模式好、有竞争优势、估值合理的品种进行长期持有。另外，也根据宏观环境，企业竞争力等因素进行了动态优化。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.977Z","mo":"宏观经济方面，展望2025年，海内外政策成为宏观经济的核心变量。特朗普2.0时期，美国处于高通胀高赤字高利率的阶段，关税政策更可能是渐进的、交易性的，此时对中国的出口存在一定的负面影响，但总体可控。在国内稳增长政策对冲、扩内需的导向下，预计宏观经济有望筑底，不过考虑到政策可能是相机抉择的、经济的转轨也不可逆，预计经济向上弹性仍然缺失。　　权益整体方面，展望2025年，我们对市场保持相对乐观的看法，认为存在一定的结构性机会：1、新兴科技的产业趋势；2、部分消费行业因市场主体信心企稳带来的估值回稳机会；3、市场资金成本低位带来的绝对收益机会。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1246032","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9e","date":"2024-09-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，三季度延续了弱势运行、结构分化的特征。偏需求侧的消费增速表现较为疲弱，M2和社融等金融指标继续下行，通胀维持低位，整体有所承压。9月底的一揽子政策和政治局会议一定程度上扭转了低迷的市场预期，提振了信心，后续关注政策如何落地、以及经济企稳的可能。　　权益市场方面，2024年3季度先跌后涨，整体在季度末迎来快速修复，大幅反弹。从大盘指数整体表现上来看，3季度上证指数上涨12.44%，沪深300上涨16.07%，创业板指上涨29.21%，恒生综合指数上涨18.07%，恒生科技上涨33.69%。申万一级行业表现来看，非银金融、房地产、商贸零售、社会服务等行业相对表现较好，煤炭、石油石化、公用事业等行业相对较弱。　　权益投资方面，这一期市场先缓缓调整，后在政策预期下快速上涨，且涨幅较大。我们继续持有资产回报率较高，商业模式较好，有一定估值性价比的公司。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.974Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1168959","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9d","date":"2024-06-29T16:00:00.000Z","stockId":3000000009240,"sao":"上半年宏观经济呈现出结构强分化、总量压力逐步凸显的特征。上半年GDP实现了5.0%增速，二季度GDP增速为4.7%，边际上有所下滑，核心是消费在二季度表现不佳。居民部门的收入增速、消费倾向、因地产形势变化的财富效应等在二季度都不太乐观。政策坚持了以中长期结构转型为主导的方向，制造业研发、生产、出口继续对经济形成托底。　　权益市场方面，2024年上半年整体偏弱震荡运行。从大盘指数整体表现上来看，上半年上证指数下跌0.25%，沪深300上涨0.89%，创业板指下跌10.99%，恒生综合指数上涨3.39%，恒生科技下跌5.57%。申万一级行业表现来看，银行、煤炭、公用事业、家用电器、石油石化等行业表现较好，综合、计算机、商贸零售、社会服务、传媒等行业下跌较多。　　权益投资方面，上半年市场整体表现平淡，低估值、高股息、基本面展望相对稳定的红利类股票表现较好。本基金维持在相对较低的仓位，并对持仓结构进行了一些调整：主要增加了对经营稳健、分红率较高企业的持仓，更看重企业的经营质量、稳健性以及股息回报，通过分散持仓结构，降低组合的波动性。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.971Z","mo":"展望下半年，预计经济结构强分化的特征总体延续。政策思路预计继续统一在中国式现代化的框架下，粗放式的需求侧刺激较难出现，取而代之的是经济转型和高质量发展。信贷和社融在下半年或继续抛弃规模情节；财政政策力度在化债的主方针下，空间不会很大；货币政策有继续放松的空间，也需要平衡汇率等因素。下半年可能更多的是等待美国新一任总统上任的过渡期，为可能新的国际形势进行准备。　　展望下半年，一方面，过去几十年经济全球化的趋势，正面临越来越大的挑战，贸易壁垒、贸易争端不断，地缘政治因素也成为关注重点；另一方面，A股、港股市场经过几年的调整，也越发呈现出投资价值。我们将重点关注调整充分，需求稳定，经营质量较高的品种。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1141824","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9c","date":"2024-03-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，一季度体现了经济转型的特征。传统部门的代表如地产继续处于调整周期，基建则延续了宏观增速尚可但微观化债承压的特征。但出口部门受益于外需总体景气度较好，制造业PMI在3月份也回到50上方。消费则呈现出春节期间偏强、春节过后一般的特征，持续性有待观察。　　权益市场方面，从各类指数整体表现上来看，2024年1季度上证指数上涨2.23%，沪深300上涨3.10%，创业板指下跌3.87%，恒生综合指数下跌3.19%，恒生科技下跌7.62%。A股市场整体先跌后涨，申万一级行业表现来看，银行、石油石化、煤炭、家用电器、有色金属等顺周期行业表现较好，医药生物、计算机、电子等成长类行业下跌较多。　　权益操作方面，在本期，我们根据宏观环境、企业经营情况、估值等因素对持股进行了动态调整，更加关注部分公司的海外业务进展。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.968Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1066231","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9b","date":"2023-12-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2023年是压力逐步呈现的一年，年初由于疫情放开有一定修复，但在此后房地产和消费等压力凸显。四季度通过增发特别国债等方式对冲了经济下行，但全年通胀偏低迷的情况延续。　　权益市场方面，2023年全年市场先涨后跌，整体震荡下跌。从大盘和板块上来看，全年上证综指跌3.70%，沪深300下跌11.38%，创业板指下跌19.41%。板块间波动较大，其中，传媒、通信、计算机、电子和汽车等上涨较多，美容护理、电力设备、商贸零售、房地产等下跌较多。　　2023年的投资环境较为艰难，我们适度降低了权益仓位，并认真衡量每个品种的业绩确定性和可能面临的风险，但仍然存在着对困难估计不足的情况。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.966Z","mo":"展望2024年，宏观经济实际增速可能震荡筑底，力保GDP目标实现，但名义GDP的压力或将持续较大，改善通胀预期和微观主体盈利的挑战较大。居民部门面临着资产负债表需要修复的约束，房地产和消费信心都需要提振。政策在2024年将继续扮演较为关键的角色。　　市场经过连续几年的调整，已经显示出较高的性价比，但市场信心的恢复，还需要一段时间，等待合适的契机。我们将密切关注政策及经济景气度的变化，来采取应对措施。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1052858","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a9a","date":"2023-09-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，三季度宏观经济总体处于偏弱运行的底部区域，但出现了一些企稳的迹象。尽管地产政策有所放松，但地产部门表现仍然疲弱。与此同时，出口在极低增速的背景下出现了一定反弹，PPI、工业名义库存、企业利润也从低位出现了小幅改善，PMI在9月份也回升到50上方。　　权益市场方面，进入三季度，经济增长趋弱，逆周期调节持续，信用政策持续宽松，货币整体合理充裕，财政政策持续，房地产出口消费趋弱，国际环境变化较多，中美是有管控的竞争，市场虽然在7月有短暂上涨但整体偏弱。从大盘和板块上来看，三季度上证综指下跌2.86%，沪深300下跌3.98%，创业板指下跌9.53%。板块间波动较大，其中，煤炭、银行、非银和石油石化有上涨，传媒、计算机、电力设备等下跌较多。从估值情况来看，截止2023年9月30日，万得全A等权指数PE-TTM估值处于近十年40%分位数，PB处于20%分位数。考虑到盈利能力处于历史相对底部，目前市场估值处于有性价比的阶段。　　权益投资方面，在本期，基金在仓位上略有调整。在持仓品种上，我们继续向有竞争优势、业绩较为确定、估值有一定合理性的品种集中。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.963Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=983330","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a99","date":"2023-06-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济在2023年上半年呈现出先复苏、再环比走弱的特征。一季度，得益于经济场景的恢复、积压需求的回补，经济呈现出复苏态势。但随着回补需求的逐步释放，居民和企业部门的信心恢复速度偏慢，外部经济和金融风险等不确定性有所发酵，内生增长动能不足的问题在二季度逐步凸显。地产、就业市场、出口等部门都呈现出一定压力，物价指数走低，库存主动去化，政策继续坚持高质量发展。　　权益市场方面，随着疫情影响的过去，今年以来国内宏观经济逐步进入复苏期，市场的主要关注点一方面在复苏进展和政策节奏，另一方面在以人工智能为代表的科技创新方向，海外重点公司英伟达和特斯拉轮番推高市场对于相关领域的发展预期。从大盘和板块上来看，上半年上证综指上涨3.65%，沪深300下跌0.75%，创业板指下跌5.61%。板块间波动较大，其中，通信、传媒、计算机上涨较多，商贸零售、房地产等板块下跌较多。　　权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续持有食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司，并根据估值情况进行了一定的增减仓动作；在疫后消费经历了过山车之后，部分品牌力强渠道优的消费品公司展现了较好的投资价值。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.961Z","mo":"展望下半年，预计经济能在政策的作用下逐步筑底企稳，但缺少向上弹性。当前稳增长的政策基调越发明晰，地产政策也将逐步优化。虽然总体政策基调是在高质量发展的框架下进行的，但政策也更加直面困难，基调也比之前积极。此外，名义库存去化速度较快，工业品价格也有望筑底。往长看，本次经济修复或局限于信心筑底和库存修复，需求侧亮点有限。　　对于权益市场，考虑到盈利能力在22年处于相对底部，目前市场估值处于有性价比的阶段。从影响资本市场的几个维度来看，宏观基本面逐步回归正常。经济最差的时候已经过去，不过从上半年的经济数据来看，经济复苏力度并不强，后续还要持续跟踪经济复苏的力度。　　展望未来，一些蓝筹公司也在估值上有较大的吸引力。未来我们将根据经济复苏情况进行仓位调整，根据公司的质地，行业周期，估值情况保持动态调整。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=956708","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a98","date":"2023-03-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济在2023年一季度呈现了复苏的走势，总体力度偏温和。政策坚持高质量发展，在疫后不搞明显刺激，更多的是温和呵护。在这一背景下，经济复苏更多的依赖于经济场景的恢复、积压需求的回补等内生性增长，下一阶段则取决于居民和企业部门的信心恢复情况。外部经济和金融风险等不确定性有所发酵，构成了本轮弱复苏的底色。信用周期从底部有所回升，继续是广义政府部门加杠杆的情况，居民部门融资从低位有所修复但力度一般。通胀总体上处于底部，价格上升压力仍未显现。　　权益市场方面，随着疫情影响的过去，今年以来国内宏观经济逐步进入复苏期，市场的主要关注点在复苏进展和政策节奏；海外宏观波动较大，除了聚焦美国通胀数据之外，硅谷银行危机也引发了广泛关注。从大盘和板块上来看，一季度国内股票市场延续2022年10月初见底以来的反弹趋势，上证综指上涨5.94%，沪深300上涨4.63%，中小板指上涨5.89%，创业板指上涨2.25%。其中，计算机、传媒、通信等板块表现相对较好，综合、消费者服务、房地产等行业表现不佳。　　权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续持有食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司，另外，根据估值情况，进行了一定的增减仓动作。未来我们将根据公司的质地，行业周期，估值情况保持动态调整。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.958Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=880429","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a97","date":"2022-12-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2022年的经济下行压力较大，在疫情和地产的冲击下表现疲弱。3月份疫情在全球扩散，国内静默地区范围加大；尽管年中前后疫情得到阶段性控制，但临近四季度，疫情的风险再度上升，静默地区比例明显上升，给经济活动造成了较大的影响。此外，尽管因城施策在逐步放松，但对于烂尾楼风险的担忧始终对房地产需求形成较大压制。基建和制造业在政策的支持下有一定表现，但不是全年主要矛盾。在年底，政府对防疫政策进行了调整，疫情快速达峰，经济活动和经济预期有望在低位中逐步企稳改善。　　回顾22年全年，权益市场方面，国内经济持续受到疫情、国际地缘政治及大宗价格等外围环境因素的影响，市场波动较大，许多优质公司表现出很好的估值优势。22年年底，国内疫情防控政策转向，场景消费快速复苏。　　权益投资方面，基金除三季度因申购等外部原因，仓位略有下降以外，其他时间在仓位上变化不大，在品种上一方面坚持原有思路，以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主，聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，另一方面重点关注了新的零售业态，即直播电商中的优势企业，未来仍将重点关注品牌消费品、内需为主的新业态、创新科技制造属性的医药、比较竞争优势的中国制造等行业。","declarationDate":"2023-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.955Z","mo":"展望2023年，经济复苏是较为确定的趋势，后疫情时代消费场景的恢复、就业市场的改善，会逐步改善居民的消费倾向和企业的经济预期。不过，考虑到政策继续坚持长期主义，更多的依靠经济的内生修复，不会搞大水漫灌式刺激，预计经济复苏的弹性不大，总体呈现弱复苏或温和复苏的特征。通胀方面，考虑到我国所经历的疫情对劳动力的冲击可控，中国也有着强大的供应能力，当前偏高库存、偏低产能利用率的环境也不指示通胀，总体上通胀风险可控。　　权益市场及操作方面，在度过了困难的2022年之后，我们相对看好2023年的资本市场表现。首先，近三年新冠疫情防控的实质性放松将带来消费场景的恢复；此外，经过几年的整顿之后，管理层将更聚焦于经济建设，一系列鼓励，促发展的行动正在进行中；最后，市场的整体估值合理偏低。当然，外围环境多变，疫后消费能力究竟如何，仍然有待观察。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=864725","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a96","date":"2022-09-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2022年三季度宏观经济延续了底部弱复苏的态势，经济恢复的阻力较大，斜率偏低不稳健。在二季度经历了疫情、走出疫情低谷之后，三季度经济在需求侧面临着一些阻力：出口在欧美经济下行压力逐步加大的环境下开始有所下行，房地产继续在底部运行，而三季度疫情散发也对消费形成了持续的压制。此外，过去几年宏观经济注重保生产的政策思路导致的库存偏高的局面，也开始在三季度进行去化。金融条件方面，物价逐步低于预期，汇率呈现出一定的贬值压力。宏观政策继续在稳增长方面发力，货币政策超预期降息，广义财政政策也在逐步加快落地。  权益市场方面，三季度市场波动较大，7、8月份在国内经济修复低于预期后，市场选择了高估值小市值的成长股作为突破口；9月份起，新能源交易的拥挤，美联储超预期加息连同出口开始走弱，市场出现了较大幅度的调整。从大盘和板块上来看，上证综指下跌11.01%，沪深300下跌15.16%，中小板指下跌16.73%，创业板指下跌18.56%。其中，煤炭、电力及公用事业、石油石化等板块表现相对较好，传媒、电子、建材等行业表现不佳。  三季度国内经济持续受到疫情及外围环境等因素影响，市场波动较大，许多优质公司表现出很好的估值优势。  权益投资方面，在本期，基金因申购等外部原因，仓位略有下降。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.952Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=806684","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a95","date":"2022-06-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2022年上半年受到疫情较大扰动，经济的表现一波三折。1-2月宏观表现较为稳健，但3月份开始疫情在全国散发，部分地区经历了静默，经济活动明显受限。随着疫情逐步得控，5-6月经济走出低谷。政策也加大了调节力度，包括较大规模的留抵退税安排、债券发行前置、流动性宽松、地产因城施策放松等。各部门的经济活动也因此有所分化，居民消费和收入等受到一定的影响，投资活动中房地产较弱，基建和制造业则有一定表现，出口则由于国内供应链的恢复而明显复苏。物价方面，海外通胀居高不下，国内PPI同比下行，CPI中食品和核心CPI表现分化。  权益市场方面，上半年受到上海、北京等重要城市疫情、国际地缘政治及大宗价格等因素影响，市场波动较大，许多优质公司表现出很好的估值优势。从大盘和板块上来看，上证综指下跌6.63%，沪深300下跌9.22%，中小板指下跌11.56%，创业板指下跌15.41%。其中，煤炭、消费者服务、交通运输等板块表现相对较好，综合金融、传媒、电子等行业表现不佳。  权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.950Z","mo":"展望2022年下半年，宏观经济有望呈现复苏的态势，但幅度不会太强，总体上是斜率偏慢、存在阻力的复苏。阻力主要来源于两个方面，一是随着海外衰退压力逐步加大，外需下滑对出口的影响需要关注；二是房地产部门对于经济的影响。但在常态化防控、疫情总体可控的背景下，下半年消费、服务业等有望逐步缓慢恢复；此外，逆周期政策也将逐步落地见效，前期集中发行的专项债预计将逐步形成实物工作量，流动性宽松也对总体融资需求有所呵护。  权益市场方面，当前投资环境较为复杂，一方面，实体经济因为新冠疫情影响，总体较为平淡，另一方面地缘政治因素也在起着作用；但往长看，当前市场整体估值不高，中国的产业升级之路仍在进行。  我们将紧密跟踪经济和市场的动态变化，力争把握机会、规避风险，为基金持有人取得较好回报。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=784732","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a94","date":"2022-03-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，一季度经济内生下行的压力继续偏大，政策落地的效果仍待显现。1-2月的宏观数据表现不弱，工业、出口、基建等部门表现相对较好，但消费和房地产等部门的表现较弱，且相关微观数据弱于宏观。进入3月，全国疫情大规模反复使得经济复苏再遇挫折；同时，房地产因城施策的放松政策不断出台，但政策体现到效果上仍然需要时间，地产部门继续高度承压。全球通胀由于俄乌战争等原因高企，能源价格是海内外的共性问题，CPI则继续低位运行。在内生融资需求偏弱但政策强力对冲的情况下，社融的表现有所反复。  权益市场方面，自2021年12月高点起，市场逐步经历了估值过高交易拥挤，国内经济下行，俄乌战争导致的滞涨，美联储加息等多重风险冲击，从大盘和板块上来看，上证综指下跌10.65%，沪深300下跌14.53%，中小板指下跌18.64%，创业板指下跌19.96%。其中，煤炭、房地产、银行等板块表现相对较好，汽车、国防军工、电子等行业表现不佳。  一季度因为国内疫情多发、国际地缘政治等因素，市场波动较大，许多优质公司表现出较好的估值优势。  权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业，均衡策略。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.947Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=728747","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a93","date":"2021-12-30T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2021年是经济内生动能逐步减缓的一年，经济从疫后的复苏期逐步进入到下行压力显性化的阶段。宏观政策的定调在结构改革，GDP由于基数原因达成目标的难度较小，宏观经济的长期改革得以有效推进。在年中前后逐步推行的诸如“三条红线”、“双碳”、“双减”等政策，有效地推进了经济中长期结构性问题的改革，但也给短期经济增长带来压力；叠加全年疫情影响始终存在，经济下行压力逐步加大。21年经济的亮点在于出口和制造业投资，中国制造的优势在全球一枝独秀。物价方面，由于双碳的约束和海外供给共振，PPI一路上行，但CPI表现疲弱。权益市场方面，春节之后受到美债利率大幅上行等因素的影响，风险偏好显著下降，股票市场经历了较大幅调整，部分优质成长股在经历了前期下跌之后已经到了可以获得合意回报的区间。进入2季度，市场对全年经济强复苏的预期有所降温，投资、消费和金融数据都指向需求边际走弱，大宗商品涨幅也在2季度放缓，风险偏好在本期显著回升。3季度，消费、地产、基建、信贷等数据逐月低于预期，确认我国经济动能趋缓；制造业投资回暖是为数不多的亮点，但上游资源涨价和短缺对中游制造业构成了阶段性冲击。4季度，随着经济从“内外需双强”转为“外需单强” 的格局，局部增长的亮点仍存，对应权益市场仍有结构性的机会。从大盘和板块上来看，上证综指上涨4.8%，沪深300下跌5.2%，中小板指下跌4.62%，创业板指上涨12.02%。其中，电力设备及新能源、基础化工、有色金属等板块表现相对较好，家电、非银行金融、消费者服务等行业表现不佳。在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。全年下来投资效果不佳。除了我们没有参与新能源相关的投资外，现有持仓方面，我们认为问题出在两个方面，一，优质企业存在阶段性泡沫化，而我们应该如何应对的问题；二，A股市场大部分优质公司实际上具有周期成长特征，该如何分辨和理解其经营周期特征的问题。我们对这些问题进行了多次反思，也将持续完善我们的投资框架。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.944Z","mo":"展望2022年，宏观经济有望从底部逐步恢复，可能是稳增长政策逐步落地见效的过程。政策上可能更多体现为在长效机制的框架下的陆续边际放松和纠偏，力度不会很大，但在基建、地产等多个领域都会有一定程度的对冲，叠加制造业的景气，宏观经济有望见到社融率先企稳回升、工业和投资指标逐步企稳的过程。出口面临海外供需两方面较大的不确定性，但压力可能更多体现在下半年，上半年预计维持韧性，叠加政策靠前发力，经济动能有望在1-2季度缓慢恢复。权益市场方面，展望2022年行情，我们判断投资环境将更为复杂，对投资能力将更为考验：一方面，实体经济因为新冠疫情影响，总体较为平淡，而过去几年资本市场的回报并不差，存在着一定程度的不匹配；另一方面，更深一层看，高ROE公司、阶段高景气公司过去几年都轮番得到表现。“低处的果实摘得差不多了”，未来要想有收获，需要付出更大的努力。未来一段时间，市场预计还会受到新冠疫情、地缘政治等因素的影响。但，从长期维度，我们还是非常看好中国的产业升级，以及由此带来的投资机会。我们将紧密跟踪经济和市场的动态变化，力争把握机会、规避风险，为基金持有人取得较好回报。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=714145","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a92","date":"2021-09-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，三季度经济下行压力有所加大，内需和出口走势分化。出口在中国供应链优势下，增速一直维持高位，但内需下滑较为明显，主要体现在受疫情影响严重的消费、以及受调控政策影响的地产销售和投资。基建和制造业相对较为稳定，但制造业在需求下行、成本压力抬升的背景下，盈利开始承压。在能源双控的背景下，不少上游价格持续上涨，带动PPI向上超预期，CPI则继续处于低位相对平稳的走势中。在这一环境下，实体的融资需求继续偏弱，叠加地产行业的政策限制，社融增速有所下行。权益市场方面，进入三季度，消费、地产、基建、信贷等数据逐月低于预期，确认我国经济动能趋缓；制造业投资回暖是为数不多的亮点，但上游资源涨价和短缺对中游制造业构成了阶段性冲击。从大盘和板块上来看，上证综指下跌0.64%，沪深300下跌6.85%，中小板指下跌4.98%，创业板指下跌6.69%。其中，煤炭、有色金属、钢铁等板块表现相对较好，食品饮料、医药、消费者服务等行业表现不佳。权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业，均衡策略。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.941Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=654710","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a91","date":"2021-06-29T16:00:00.000Z","stockId":3000000009240,"sao":"宏观经济方面，2021年上半年经济延续复苏的格局，并呈现出稳中加固的态势。1季度，各项经济数据在低基数的影响下表现较强，如果与19年相比，则出口延续了高景气度，房地产投资韧性较强，消费在冬季疫情的影响下有一定波折，3月的PMI数据显示制造业或有所好转，货币政策保持相对稳定，实体经济的融资需求延续强劲，大宗商品价格在国际疫情恢复、全球复苏预期的带动下有较为明显的上行，通胀预期发酵，PPI上行较快，CPI保持稳定，人民币受到美元阶段性走强的影响，从升值转为震荡。2季度，各项经济指标同比数据，由于基数效应而有所下滑，如果同2019年相比，则呈现出较为平稳的走势。经济内部延续了结构分化的特征，出口延续了较高景气，但零售的恢复力度仍然偏弱。投资内部也有所分化，制造业处于缓慢恢复中，上游价格带来的利润挤压仍需关注；地产的韧性较强，但基建由于政府投资意愿偏弱，而表现较为一般。在供给约束下，PPI表现很强，但CPI由于需求偏平稳，向上的压力不大。融资需求受到表外多重因素的制约，增速有所走低。权益市场方面，春节之后受到美债利率大幅上行等因素的影响，风险偏好显著下降，股票市场经历了较大幅调整，部分优质成长股在经历了前期下跌之后已经到了可以获得合意回报的区间。进入2季度，市场对全年经济强复苏的预期有所降温，投资、消费和金融数据都指向需求边际走弱，大宗商品涨幅也在2季度放缓，风险偏好在本期显著回升。从大盘和板块上来看，上证综指上涨3.4%，沪深300上涨0.24%，中小板指上涨3.66%，创业板指上涨17.22%。其中，基础化工、钢铁、电力设备及新能源等板块表现相对较好，国防军工、家电、非银行金融等行业表现不佳。权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业，均衡策略。由于市场短期“选美”的因素，我们更关注优质公司股价回落带来的投资机会。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.938Z","mo":"展望2021年下半年，投资环境将更为复杂：一方面由于疫苗的出现，新冠肺炎的控制看到了曙光，全球经济预计将从暂停中逐渐解冻，走在回归正常的路上；另一方面，全球股市尤其A股市场，得益于流动性的宽松，远远走在了经济基本面的前头。A股市场2019/2020年的连续上涨多多少少地透支了经济基本面。因此，我们认为，对未来的市场表现应该适度降低预期，而立足于长期投资。从长期维度，我们还是非常看好中国的产业升级，以及由此带来的投资机会。我们将紧密跟踪经济和市场的动态变化，力争把握机会、规避风险，为基金持有人取得较好回报。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=633823","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a90","stockId":3000000009240,"sao":"宏观经济方面，一季度经济延续复苏的格局。各项经济数据在低基数的影响下表现较强；如果与19年相比，则出口延续了高景气度，房地产投资韧性较强，消费在冬季疫情的影响下有一定波折，制造业1-2月表现一般，但3月的PMI数据显示制造业或有所好转。金融条件来看，货币政策保持相对稳定，实体经济的融资需求延续强劲，大宗商品价格在国际疫情恢复、全球复苏预期的带动下有较为明显的上行，通胀预期发酵，PPI上行较快，CPI保持稳定，人民币受到美元阶段性走强的影响，从升值转为震荡。权益市场方面，春节之后受到美债利率大幅上行等因素的影响，风险偏好显著下降，股票市场经历了较大幅调整，部分优质成长股在经历了前期下跌之后已经到了可以获得合意回报的区间。从大盘和板块上来看，一季度上证综指下跌0.9%，沪深300下跌3.13%，中小板指下跌6.86%，创业板指下跌7%。其中，钢铁、电力及公用事业、银行等板块表现相对较好，通信、非银行金融、国防军工等行业表现不佳。权益投资方面，在本期，基金在仓位上变化不大。在品种上我们继续坚持原有思路，仍以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主，适度加大了对港股的配置。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业，均衡策略。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.936Z","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=573100","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecc7b7fea5b3eb04c8a8f","stockId":3000000009240,"sao":"宏观经济方面，2020年经济经受到疫情的冲击，呈现出“V“型复苏的走势。一季度，疫情带来了较大的冲击，经济被按下暂停键，但随着国内疫情控制得当、复工复产顺利推进、以及政策的合理对冲，二季度开始经济明显复苏，GDP到四季度已经回升到6.5%，略高于疫情前水平。对复苏贡献最大的是出口，中国具有完备的产业链和生产优势，迅速在全球市场扩张份额，并且同时带动了出口产业链相关制造业的发展。此外，基建和地产表现稳健，零售的复苏任重道远。金融环境方面，CPI在食品和非食品的共振下持续下行，PPI从底部回升，汇率有所升值，社融有序扩张。权益市场方面，2020年一季度新冠肺炎对海外经济体的影响超出之前的预期，由于外需的不确定性以及防控海外病例倒灌的影响，中国经济活动尚未企稳复苏，虽然短期权益市场的盈利下调风险还需要释放，但中长期而言中国经济相比全球其他经济体依然有韧性，宽松的政策环境也对冲了部分风险偏好的下降。进入二季度，随着新冠肺炎疫情在中国得到了有效的控制，4、5月份的数据显示中国经济韧性强于预期，中国庞大的消费市场和在全球产业链中不断上升的地位为后续的复苏提供了持续的动力，权益市场也探底回升。下半年，资金面和政策面维持宽松友好，全球疫情和国际关系又有复杂变数，市场在多重因素的影响下处于弱平衡状态，呈现出震荡上涨格局。从大盘和板块上来看，全年上证综指上涨13.87%、沪深300上涨27.21%、中小板指上涨43.91%、创业板指上涨64.96%，其中，电力设备及新能源、食品饮料、消费者服务等板块表现相对较好，通信、房地产、综合金融等行业表现不佳。权益投资方面，在本期，基金在仓位上相机而动，整体小幅加仓。在品种上我们继续坚持原有思路，以食品饮料、医药生物、云计算、品牌家电、高端装备制造等行业的龙头公司为主，在报告期内逐步加大对港股的配置。聚焦内需为主、具有明确需求特征且具有竞争优势的行业中的龙头个股，未来仍将重点关注品牌消费品、创新科技制造属性的医药、比较竞争优势的中国制造等行业，均衡策略。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:34:51.933Z","mo":"展望2021年，投资环境将更为复杂：一方面由于疫苗的出现，新冠肺炎的控制看到了曙光，全球经济预计将从暂停中逐渐解冻，走在回归正常的路上；另一方面，全球股市尤其A股市场，得益于流动性的宽松，远远走在了经济基本面的前头。A股市场2019/2020年的连续上涨多多少少地透支了经济基本面。因此，我们认为，对2021年的市场应该适度降低预期，而立足于长期投资。从长期维度，我们还是非常看好中国的产业升级，以及由此带来的投资机会。我们将紧密跟踪经济和市场的动态变化，力争把握机会、规避风险，为基金持有人取得较好回报。","fund":{"_id":3000000009240,"__csrcFundId":7935,"stockCode":"009240","name":"泰康蓝筹优势一年持有期股票型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":9240,"masterFundFlag":1,"fundStatus":"normal","lastUpdated":"2026-04-30T21:42:17.010Z","status":"normal","exchange":"jj","shortName":"泰康蓝筹优势股票(009240)","inceptionDate":"2020-08-13T16:00:00.000Z","followedNum":2,"fundCollectionId":4000052190000,"currency":"CNY","masterFundShortName":"泰康蓝筹优势股票","setUpDate":"2020-08-13T16:00:00.000Z","setUpAssetScale":877373738.26,"setUpShares":877373738.26,"pinyin":"tklcysyncyqgpxzqtzjj","managers":[{"stockCode":"8801620142","stockType":"fund_manager","exchange":"fm","tickerId":191810193780,"name":"宋仁杰"}]},"announcement":{"linkText":"泰康蓝筹优势一年持有期股票型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=559308","linkType":"PDF","source":"csrc_pdf"}}]}