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内，本基金以红利资产和成长资产的哑铃型策略配置。9月下旬以来的一系列政策极大的提振了市场信心和对经济的增长预期。一方面我们看好红利资产在经济复苏背景下盈利能力和分红能力进一步提升，另一方面，我们看好科技产业的蓬勃发展，围绕AI的全球产业趋势和我国转型升级背景下的国家战略方向进行布局。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.818Z","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1174309","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f7181","date":"2024-06-29T16:00:00.000Z","stockId":3000000012188,"sao":"2024年上半年，国内宏观经济仍处在恢复过程中，消费和地产情况低于预期，而出口情况较好。我们持续紧密跟踪地产销量和房价企稳止跌时间点，乐观地看，目前国内上市公司的估值已经调整到较低水平，一旦需求企稳，将有较大的估值提升空间。本基金主要配置在医药、高端制造等行业。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.814Z","mo":"展望下半年，国内角度看，经济仍处在逐步修复的过程中，下半年财政货币政策继续发力，在市场对于经济增长预期较低的背景下，有望形成超预期的积极因素，内需有向上弹性。海外角度看，近期美国通胀超预期下行，降息预期升温，显示出海外经济有下行压力，外需对我国增长的拉动可能减弱。　　A股市场当前风险偏好处在低位，随着政策效果的显现，下半年有望迎来风险偏好的修复。投资风格上我们坚持价值思维，围绕业绩主线进行配置。我们看好红利资产和成长资产的哑铃型配置。一方面，我们认可稀缺的核心资产现金流充裕下高分红带来的价值重估，另一方面，我们继续看好中国在高端制造业的全球竞争力，围绕人工智能、国产替代、医药等方向进行配置。","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1152165","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f7180","date":"2024-03-30T16:00:00.000Z","stockId":3000000012188,"sao":"一季度，国内宏观情况企稳并呈现一些亮点，消费好于预期；我们判断地产对整体投资和消费的边际影响逐渐减少，国内GDP可能在地产行业没有大幅反弹的情况下，有一个较好的表现。美国经济好于预期，利率仍在高位，2024年美联储降息预期有所减弱，但我们相信美国利率的阶段顶部已过。另一方面，国内各地推出支持创新药行业发展一揽子政策，我们认为创新药和医疗行业未来有较好的发展空间。　　　　基金主要配置在医药、互联网、消费、高端制造等行业。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.811Z","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073258","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f717f","date":"2023-12-30T16:00:00.000Z","stockId":3000000012188,"sao":"2023年全年经济呈现前高后低的走势，上半年，尤其是一季度，在疫情放开后经济迎来一波报复性反弹，包括消费、房地产都迎来一波小阳春。但之后在比较高的预期下，经济一直处于比较平稳状态，未再表现出超预期的增速。而且由于房地产在一季度小阳春之后，销售和价格的表现均比较疲弱，影响总体消费和投资的表现。　　市场在预期下调的过程中反复震荡，但其中不乏亮点。尤其是二季度，在GPT的催化下，AI软硬件板块都走出了一波不错的行情，我们认为，人工智能的发展已经进入实质性阶段，是未来一个重要的投资方向。但目前来看，除了算力之外，应用方面国内还没有探索出良好的盈利模式。　　我们在期内主要投资于我们中长期都比较看好的成长性板块，包括医药、消费、互联网、先进制造等板块。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.808Z","mo":"展望2024年，我们认为国内宏观需求会有明显的恢复，房地产可能还是会比较弱，但是情况会明显好于去年；消费具有很强的韧性，居民终端消费的意愿强劲；在企业信心恢复的同时，投资也会较去年有改善，而基建会在财政支持下逐渐发力。市场投资的信心会明显提升，从板块来讲，今年我们认为各板块的机会都会好于去年，行情不会像去年一样极致，我们仍将围绕我们最主要的投资策略进行行业配置和选股，会增加一定的组合灵活性。","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1048298","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f717e","date":"2023-09-29T16:00:00.000Z","stockId":3000000012188,"sao":"三季度整体市场走势都比较纠结。最重大的变化在政策面。7月政治局会议首次提出房地产市场的供需关系发生重大变化，适时调整优化房地产政策；并提出活跃资本市场，提振投资者信心。之后，四大核心城市陆续实行“认房不认贷”，全国存量房贷利率进行了下调。资本市场方面也降低了交易印花税。基本面来看，经济自身韧性较强，一直处于有序弱复苏格局，疫情对各经济实体的影响逐渐消除，我们从投资、消费等各方面数据来看，除了地产数据仍然有压力之外，其他在7/8/9三个月都有向好迹象，PMI回到荣枯分水岭以上，PPI降幅有明显收窄，社零增速大幅改善，固定资产投资一直保持稳定。地产数据我们认为在经过2年调整后也有望逐步企稳。外部环境来看，美国的通胀压力仍在，因此美联储政策还存在一定的不确定。7月份加息后暂时停止加息，但年内降息的概率极低，而且近期由于罢工，以及中东局势影响，通胀有上行的压力，明年年内可能一直维持较高的利率水平，这对全球流动性产生较大的负面影响。在以上各方面因素的影响下，市场表现较为纠结，向上或向下的空间都受到一定制约。三季度市场表现基本没有明确主线，各行业板块之间的轮动也相当快速。因此，我们在操作保持一定的稳定性，不追主题，聚焦于行业和公司的基本面。基于中长期的判断，我们认为未来在高科技、医药、先进制造等板块，还是会走出优秀的公司，而随着经济发展、人均可支配收入提升，消费领域会持续涌现优秀公司。因此，我们在配置上也主要集中在这些行业。报告期末，基金维持较高仓位，行业主要配置医药、消费、互联网、高端制造等行业。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.806Z","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=984925","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f717d","date":"2023-06-29T16:00:00.000Z","stockId":3000000012188,"sao":"上半年基金业绩表现依然不佳。组合的最大受损来自于港股和蓝筹大盘配置，而港股和蓝筹大盘配置受到了2年多来业绩和估值的双重打击。组合里面大部分港股和蓝筹大盘的跌幅，可能来自估值的影响更大。这其中，我们认为有海外资金持续流出港股和信心不足的原因。这也造成了港股恒生指数从2020年至今连续4年负收益，这在港股历史上从来没有发生过。从历史平均估值看，现在应该是很吸引的，关键是什么样的变化，会让市场的信心恢复，会让资金流出趋势反转，重新流入。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.803Z","mo":"国内来看，国内需求恢复得比原先预期的要弱，我们认为可能是地产行业的影响比想象得大所致，毕竟地产行业的显著调整不单对建材和家居等地产产业链产生了很大影响，对基建在内整个固定资产投资和消费行业也产生了不可忽视的连带反应。我们预期会有调整政策出台，相信对行业乃至整体经济的问题都会有所帮助。从积极的角度看，我们看到国内一些行业如汽车行业、创新药行业仍充满着创新和迭代动力，甚至出口量也开始增长，我们对中国制造还是有信心。外部经济来看，美联储历史上最急的加息周期仍在持续，美国经济好于之前的预期，这一定程度上造成了资金流出港股和A股市场，也造成了人民币汇率压力。我们预期明年美国会开启降息周期，相信对中国在内新兴市场权益资产表现有所帮助。在目前的市场位置来看，我们保持乐观，我们一直是乐观的基金经理，但目前应该是最艰难的乐观状态。我们相信，在地产投资时代过去后，权益投资一定会成为老百姓的重要组成部分；另外，当海外投资者信心恢复的时候，他们一定会回流重新配置我们的优质权益资产。在报告期末，基金维持较高仓位，行业主要配置医药、消费、互联网、高端制造等行业。","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=959769","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf1b7fea5b3eb04f717c","date":"2023-03-30T16:00:00.000Z","stockId":3000000012188,"sao":"2023年一季度，基金净值跌2.37%，同期上证指数上涨5.94%，恒生指数上涨3.13%。在报告期末，基金维持较高仓位，行业主要配置互联网、医药消费、计算机、机械制造等。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.800Z","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优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时刻，遭遇了很大的净值回撤。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:03.786Z","fund":{"_id":3000000012188,"__csrcFundId":10166,"stockCode":"012188","shortName":"华安优势龙头混合(012188)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12188,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:11:24.854Z","status":"normal","exchange":"jj","name":"华安优势龙头混合型证券投资基金","fundCollectionId":4000050040000,"followedNum":1,"inceptionDate":"2021-11-15T16:00:00.000Z","masterFundShortName":"华安优势龙头混合","setUpDate":"2021-11-15T16:00:00.000Z","setUpAssetScale":1125870740.66,"setUpShares":1125870740.66,"pinyin":"hayslthhxzqtzjj","managers":[{"stockCode":"db20386783","stockType":"fund_manager","exchange":"fm","tickerId":1203152240,"name":"栾超"}]},"announcement":{"linkText":"华安优势龙头混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722874","linkType":"PDF","source":"csrc_pdf"}}]}