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季度市场处于业绩和政策的真空期，在弱复苏的宏观背景下，主题投资表现亮眼。以信创、数字经济、人工智能科技浪潮的带动和催化下，计算机、传媒、通信、电子等板块涨幅居前。此外，中特估值体系重塑下，央国企表现也阶段性成为市场主线。展望二季度，各项宏观经济数据和政策会更好体现经济修复的程度，除了科技主线投资外，更看好医药、消费电子的领域的投资。行业配置方面，中国经济进入高质量发展阶段，发展和安全并举。本产品将重点关注数字经济、新型能源体系、高端装备制造、消费等自主可控相关领域，同时关注中特估值体系重塑的投资机会。报告期内加大了半导体行业的配置比例。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:33.793Z","fund":{"_id":3000000014301,"__csrcFundId":10593,"stockCode":"014301","shortName":"创金合信景气行业3个月持有期股票发起（FOF）A","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14301,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-03-21T17:42:02.509Z","status":"normal","exchange":"jj","masterFundShortName":"创金合信景气行业3个月持有期股票发起（FOF）","name":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）","inceptionDate":"2021-12-21T16:00:00.000Z","fundCollectionId":4000050990000,"followedNum":0,"fofFundFlag":1,"setUpDate":"2021-12-21T16:00:00.000Z","setUpAssetScale":5239489.64,"setUpShares":5239489.64,"pinyin":"cjhxjqhy3gycyqgpxfqsjjzjj(fof)","delistedDate":"2024-12-19T16:00:00.000Z"},"announcement":{"linkText":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=881897","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a17fea5b3eb051041b","date":"2022-12-30T16:00:00.000Z","stockId":3000000014301,"sao":"2022年是各种不利因素交织的一年，受到疫情反复、美国超级通胀和俄乌冲突引发欧洲能源危机等多方面因素影响，资本市场风险偏好急剧下降，全球主要指数均呈现巨幅震荡下行走势。回顾全年A股市场表现，由于经济复苏动能疲弱，市场结构性特征明显。首先，从行业表现看，受能源危机的影响，全年仅煤炭板块录得正收益。其次，国家相继出台诸多刺激经济的政策，成为推动市场企稳回升、阶段性走强的重要动力。政策成为行业配置的重要“风向标”之一，政策受益板块往往具有明显的相对收益。总之，市场波动加大的同时，风格也呈现快速轮动。主要宽基指数均遭遇回撤，市场风格上受避险情绪影响，价值跑赢成长。报告期内，结合宏观-产业-景气变化的思路，在行业配置上适当均衡，在组合构建上适度分散。一方面，立足于中长期发展趋势，密切跟踪行业发展变化，积极配置景气度持续高增的行业，如数字经济、新能源汽车、高端制造、芯片等方向，另一方面，随着外部冲击趋缓，疫情稳定，流动性外紧内松的环境下，适当配置经济修复方向确定的行业，如消费、物流等方向。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:33.790Z","mo":"展望2023年，前期市场的压制因素的影响在发生边际弱化，但不确定性因素仍然存在。从全球宏观角度，美国加息周期进入尾声阶段，但美国经济的强劲增长，使得流动性收缩的进度延长。地缘政治冲突也依然是全球经济的扰动因素。从国内经济角度，提振经济增长主要靠信心的修复，这也意味着出台收缩型的宏观经济政策的可能性较小。疫情在快速达峰后，疫后复苏的信心将明显增强，在“扩内需”的经济主基调下，经济步入修复阶段。在全球经济的比价效应下，中国的配置价值也将提升，国内A股和港股均有望走出修复行情。行业配置方面，随着稳增长政策的稳步推进，经济数据将持续改善。中国经济进入高质量发展阶段，发展和安全并举。本产品将重点关注数字经济、新型能源体系、高端装备制造、消费等自主可控相关领域，同时关注中特估值体系重塑的投资机会。","fund":{"_id":3000000014301,"__csrcFundId":10593,"stockCode":"014301","shortName":"创金合信景气行业3个月持有期股票发起（FOF）A","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14301,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-03-21T17:42:02.509Z","status":"normal","exchange":"jj","masterFundShortName":"创金合信景气行业3个月持有期股票发起（FOF）","name":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）","inceptionDate":"2021-12-21T16:00:00.000Z","fundCollectionId":4000050990000,"followedNum":0,"fofFundFlag":1,"setUpDate":"2021-12-21T16:00:00.000Z","setUpAssetScale":5239489.64,"setUpShares":5239489.64,"pinyin":"cjhxjqhy3gycyqgpxfqsjjzjj(fof)","delistedDate":"2024-12-19T16:00:00.000Z"},"announcement":{"linkText":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=864553","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a17fea5b3eb051041a","date":"2022-09-29T16:00:00.000Z","stockId":3000000014301,"sao":"自7月份以来，海外流动性收紧加码预期，叠加俄乌战争及地缘政治不确定性，加剧市场对经济衰退的担忧，全球股市普遍下跌。而在此阶段，国内经济也处于磨底阶段，政策效果尚未显现，企稳尚待数据验证，A股也出现阶段性回调。部分行业由于业绩的确定性和可持续性，估值已经处于合理水平，而且拥挤度亦有一定幅度的调整。在流动性外紧内松背景下，通过行业比较，高景气行业依然是本基金配置的重点。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:33.787Z","fund":{"_id":3000000014301,"__csrcFundId":10593,"stockCode":"014301","shortName":"创金合信景气行业3个月持有期股票发起（FOF）A","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14301,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-03-21T17:42:02.509Z","status":"normal","exchange":"jj","masterFundShortName":"创金合信景气行业3个月持有期股票发起（FOF）","name":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）","inceptionDate":"2021-12-21T16:00:00.000Z","fundCollectionId":4000050990000,"followedNum":0,"fofFundFlag":1,"setUpDate":"2021-12-21T16:00:00.000Z","setUpAssetScale":5239489.64,"setUpShares":5239489.64,"pinyin":"cjhxjqhy3gycyqgpxfqsjjzjj(fof)","delistedDate":"2024-12-19T16:00:00.000Z"},"announcement":{"linkText":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=802964","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a17fea5b3eb0510419","date":"2022-06-29T16:00:00.000Z","stockId":3000000014301,"sao":"回顾上半年，一季度权益资产背后的宏观逻辑在外，稳增长压力下俄乌冲突、美联储缩表加息以及中美博弈都对风险偏好以及经济增长造成扰动，带来资金的大幅流出以及权益市场的震荡下跌。二季度宏观主线以内为主，多地的疫情爆发，导致市场对个别行业供应链断裂的担忧，加速了市场的下跌和出清。随着疫情逐步得到控制，常态化核酸机制的建立，稳增长政策加码，经济修复，估值修复，风险偏好修复的逻辑演绎，资金逐步流入，带来权益市场的反弹。但总体上，市场依然以结构性行情为主要特征。报告期内，结合宏观-产业-景气变化的思路，在行业配置上适当均衡，在组合构建上适度分散。一方面，立足于中长期发展趋势，密切跟踪行业发展变化，积极配置景气度持续高增的行业，如新能源汽车、数字经济、高端制造、芯片等方向；另一方面，随着外部冲击趋缓，疫情稳定，流动性外紧内松的环境下，适当配置经济修复方向确定的行业，如消费、物流等方向。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:33.784Z","mo":"展望下半年，海外焦点由胀转滞，衰退预期走强，流动性加速收缩；国内经济弱复苏，通胀压力可控，随着前期政策落地及效果显现，国内环境对权益市场有一定支撑。后房地产经济时代，中国经济增长动能转换已迫在眉睫，资本市场的演绎方向必将会呈现产业变迁趋势及行业发展的效果。本基金将始终坚持聚焦中长期行业景气变化和景气行业的筛选，积极把握宏观经济和产业趋势共振的结构性投资机会，积极配置业绩具备确定性、持续性的高景气行业。","fund":{"_id":3000000014301,"__csrcFundId":10593,"stockCode":"014301","shortName":"创金合信景气行业3个月持有期股票发起（FOF）A","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14301,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-03-21T17:42:02.509Z","status":"normal","exchange":"jj","masterFundShortName":"创金合信景气行业3个月持有期股票发起（FOF）","name":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）","inceptionDate":"2021-12-21T16:00:00.000Z","fundCollectionId":4000050990000,"followedNum":0,"fofFundFlag":1,"setUpDate":"2021-12-21T16:00:00.000Z","setUpAssetScale":5239489.64,"setUpShares":5239489.64,"pinyin":"cjhxjqhy3gycyqgpxfqsjjzjj(fof)","delistedDate":"2024-12-19T16:00:00.000Z"},"announcement":{"linkText":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=781163","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a17fea5b3eb0510418","date":"2022-03-30T16:00:00.000Z","stockId":3000000014301,"sao":"今年以来，宏观经济不确定性加剧：其一，随着美联储加息启动，美债利率快速上行；其二，能源安全背景下，煤炭和农产品等大宗商品价格大幅上涨推动整体通胀；其三，疫情的反复使得经济的下行压力预期加大，国内“以我为主”的货币宽松与美国偏鹰派的货币收紧导致中美经济周期同政策周期错位将更加明显。从市场表现出的结构看，高成长板块的估值压制与稳增长政策预期加强，加剧了市场博弈，跷跷板效应较为明显。近期由于俄乌战争、中概股事件、疫情加剧等因素更是导致市场加速下跌，恐慌情绪一度面临失控。3月16日，国务院金融委专题会议的召开，六部委联合发声维护资本市场的稳定发展，意味着政策底逐步开始明朗化。展望后续，可进一步积极跟踪经济企稳的信号。而从目前已公布的上市公司业绩看，很多高成长行业的龙头公司估值水平已经调整到相对合理的区间，极具配置价值。立足中长期趋势，中国经济高质量发展进入实质性阶段。权益市场的结构性行情依然是市场的主要特征。本产品的投资策略始终坚持聚焦中长期行业景气变化及景气行业的筛选，积极把握宏观经济与产业趋势共振的结构性投资机会。产品运作方面，通过不断的完善投资体系，努力使投资风格与市场变化相匹配，并通过适当的均衡配置以控制波动和回撤。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:33.781Z","fund":{"_id":3000000014301,"__csrcFundId":10593,"stockCode":"014301","shortName":"创金合信景气行业3个月持有期股票发起（FOF）A","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14301,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-03-21T17:42:02.509Z","status":"normal","exchange":"jj","masterFundShortName":"创金合信景气行业3个月持有期股票发起（FOF）","name":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）","inceptionDate":"2021-12-21T16:00:00.000Z","fundCollectionId":4000050990000,"followedNum":0,"fofFundFlag":1,"setUpDate":"2021-12-21T16:00:00.000Z","setUpAssetScale":5239489.64,"setUpShares":5239489.64,"pinyin":"cjhxjqhy3gycyqgpxfqsjjzjj(fof)","delistedDate":"2024-12-19T16:00:00.000Z"},"announcement":{"linkText":"创金合信景气行业3个月持有期股票型发起式基金中基金（FOF）2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=721903","linkType":"PDF","source":"csrc_pdf"}}]}