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2026-03-09T13:46:16.996Z","mo":"当前股票市场的估值已经进入到较便宜的区间，从赔率的角度，很多股票都是有吸引力的。当前压制市场的一个重要因素是当前宏观经济仍面临一定压力，比如居民部门需求不旺、房地产价格承压、实际利率偏高等等。对于2024年的金融地产行业，货币持续宽松、利率持续低位，银行和保险仍将面临利差压力，此外在宏观政策没有大力度刺激、房地产回升尚未见到的情况下，贝塔机会可能都比较稀缺。我们投资策略的重心，仍将是寻找结构性的机会，比如高股息资产、困境反转的个股机会、细分子行业的机会等。","fund":{"_id":3000000012244,"stockCode":"012244","shortName":"广发金融地产精选股票A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":12244,"lastUpdated":"2026-09-12T01:38:44.990Z","status":"normal","exchange":"jj","name":"广发金融地产精选股票型发起式证券投资基金","fundCollectionId":4000050300000,"inceptionDate":"2021-06-28T16:00:00.000Z","currency":"CNY","followedNum":3,"setUpDate":"2021-06-28T16:00:00.000Z","setUpAssetScale":55964572.58,"setUpShares":55964572.58,"pinyin":"gfjrdcjxgpxfqszqtzjj","masterFundShortName":"广发金融地产精选股票","__csrcFundId":9328,"managers":[{"stockCode":"db20802673","stockType":"fund_manager","exchange":"fm","tickerId":182508212440,"name":"冉宇航"},{"stockCode":"j101020914","stockType":"fund_manager","exchange":"fm","tickerId":42606262440,"name":"丁朝飞"}]},"announcement":{"linkText":"广发金融地产精选股票型发起式证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1052045","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf287fea5b3eb04f7e3c","date":"2023-09-29T16:00:00.000Z","stockId":3000000012244,"sao":"2023年三季度资本市场整体有所回调，上证综指下跌2.86%、沪深300指数下跌3.98%、创业板指下跌9.53%。板块的分化较为明显，顺周期行业表现相对占优，主要得益于7月底高层会议对经济的积极表态，尤其是房地产、资本市场、地方政府化债等方面超出市场预期，进而推动了相关板块的快速上涨；不过由于具体政策落地的时滞，与市场预期的节奏存在一定偏差，因此行情也很快回落，总体来看呈现出脉冲式的特点。从金融地产行业的基本面来看，三季度整体维持了相对低迷的状态。地产方面，尽管在7月高层会议后各地密集放松认房不认贷、取消限购等政策，但销售数据在冲高后有所回落，后续仍要观察效果的持续性、以及政策是否会有进一步放松的可能，地产指数也在三季度经历了过山车式的行情；保险方面，在经历了二季度的炒停销售后，三季度新单保费的增速如预期回落；银行方面，社融增速仍在低位，不过最近两个月略微有所改善。三季度本基金在行业配置上相对均衡，下阶段我们将重点跟踪宏观政策，货币政策预计仍将维持相对宽松的流动性，而财政政策对于经济的稳增长则显得尤为重要；行业层面，我们将重点观察地产销售的变化和政策可能的变化，新单保费也将是我们跟踪的重要指标，努力抓住可能的贝塔机会；同时我们仍将继续从自下而上的角度挖掘个股机会，尤其是具备困境反转潜力的股票。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:16.992Z","fund":{"_id":3000000012244,"stockCode":"012244","shortName":"广发金融地产精选股票A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":12244,"lastUpdated":"2026-09-12T01:38:44.990Z","status":"normal","exchange":"jj","name":"广发金融地产精选股票型发起式证券投资基金","fundCollectionId":4000050300000,"inceptionDate":"2021-06-28T16:00:00.000Z","currency":"CNY","followedNum":3,"setUpDate":"2021-06-28T16:00:00.000Z","setUpAssetScale":55964572.58,"setUpShares":55964572.58,"pinyin":"gfjrdcjxgpxfqszqtzjj","masterFundShortName":"广发金融地产精选股票","__csrcFundId":9328,"managers":[{"stockCode":"db20802673","stockType":"fund_manager","exchange":"fm","tickerId":182508212440,"name":"冉宇航"},{"stockCode":"j101020914","stockType":"fund_manager","exchange":"fm","tickerId":42606262440,"name":"丁朝飞"}]},"announcement":{"linkText":"广发金融地产精选股票型发起式证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=983461","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf287fea5b3eb04f7e3b","date":"2023-06-29T16:00:00.000Z","stockId":3000000012244,"sao":"2023年以来宏观经济经历了年初的快速复苏后，二季度修复斜率放缓，尤其是地产行业在春节前后的小阳春后，销售出现下滑，经济的波动映射到权益市场也出现了类似的走势，上半年上证指数累计上涨3.65%，沪深300下跌0.75%，创业板指下跌5.61%。分行业来看，结构分化较为明显，TMT方向跑出显著行情，通信、传媒、计算机等行业指数均超过25%；而地产及地产链、消费等行业较弱，商贸零售、房地产、美容护理、建筑材料等指数跌幅均超过10%。金融地产板块整体承压，其中地产指数跌幅最大达到14.29%，而银行、保险、证券指数涨跌幅分别为-2.84%、-0.08%、0.19%。2023年金融地产板块整体的行业景气度仍较低迷，仅保险负债端在今年出现改善。对金融地产板块而言，与去年下半年弱预期转向强预期进而带来板块估值修复不同，今年上半年在经济复苏力度边际走弱后，强预期开始转向了弱预期，导致板块估值出现显著回落，甚至地产和银行板块许多个股又跌回去年底的位置，这也增加了今年股票投资的难度。今年上半年，本基金的净值并不如人意，一方面是没能准确把握今年市场风格的变化，比如持仓的部分业绩优秀的银行股，在今年出现了不小幅度回调，另一方面由于本基金需保持一定的地产股仓位，房地产板块的下跌对净值造成了明显拖累。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:46:16.989Z","mo":"展望2023年下半年，我们认为宏观层面还需观察稳增长政策刺激力度，预计货币政策将继续维持适度宽松，以配合稳增长政策的实施。对于金融地产行业的投资而言，宏观经济的走势自然是核心影响因素，而当前低估值、弱现实下，经济政策的预期则成为影响股票走势的关键，这将是我们重点跟踪的方向。投资策略上，我们坚持β和α相结合，一方面关注行业景气度变化，跟踪可能的板块机会，尤其是可能的政策变化带来的交易机会，另一方面积极挖掘具有投资价值的个股，尤其是具备行业竞争优势和业绩成长性的优质公司，以及基本面具有边际改善可能的个股机会，并且同时也会更加关注市场风格的变化，完善选股模型。","fund":{"_id":3000000012244,"stockCode":"012244","shortName":"广发金融地产精选股票A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":12244,"lastUpdated":"2026-09-12T01:38:44.990Z","status":"normal","exchange":"jj","name":"广发金融地产精选股票型发起式证券投资基金","fundCollectionId":4000050300000,"inceptionDate":"2021-06-28T16:00:00.000Z","currency":"CNY","followedNum":3,"setUpDate":"2021-06-28T16:00:00.000Z","setUpAssetScale":55964572.58,"setUpShares":55964572.58,"pinyin":"gfjrdcjxgpxfqszqtzjj","masterFundShortName":"广发金融地产精选股票","__csrcFundId":9328,"managers":[{"stockCode":"db20802673","stockType":"fund_manager","exchange":"fm","tickerId":182508212440,"name":"冉宇航"},{"stockCode":"j101020914","stockType":"fund_manager","exchange":"fm","tickerId":42606262440,"name":"丁朝飞"}]},"announcement":{"linkText":"广发金融地产精选股票型发起式证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=954747","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf287fea5b3eb04f7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