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中位数，主要是上游资源、出口链等行业在反弹过程中弹性偏小。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.541Z","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二四年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1178354","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c0e","date":"2024-06-29T16:00:00.000Z","stockId":3000000014347,"sao":"2024年上半年，A股市场震荡起伏剧烈。春节前，市场由于流动性冲击，出现剧烈下跌；2月至5月初，市场情绪回暖、反弹显著；5月下旬后，随着台海局势、南海局势紧张，北上资金流出，市场显著回落。宏观层面，外需端总体好于内需；产业链层面，上游强于下游。本基金上半年跑赢同业中位数水平，主要得益于上游资源、出口链等领域的超额收益。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.538Z","mo":"展望下半年，我们认为当前国内宏观经济主要矛盾依然在于内需不足，供求关系失衡导致竞争加剧，ROE下行压力犹存。宏观政策拐点已现，但力度偏小，供求天平的平衡时点仍需观察。投资线索上，我们看好以下几个方向：1）需求刚需强且集采政策缓和的医药及医疗器械行业；2）出海/出口链；具备全球竞争力且份额不高的传统产业，规避贸易政策风险；3）全球定价的上游资源品行业。","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二四年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1153416","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c0d","date":"2024-03-30T16:00:00.000Z","stockId":3000000014347,"sao":"1Q24一季度，A股市场波动巨大，呈现深V走势。交易因素是春节前市场大幅下跌的重要因素，随着后续ETF申购放量，经济预期企稳，市场收复失地。分行业板块来看，上游资源品、高股息板块及出口产业链条表现较好，而TMT板块总体表现不佳。本季度，本基金收益率水平跑赢同业中位数，主要是由于在煤炭有色、轮胎、出口链等行业中获得一定超额收益。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.536Z","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二四年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1075709","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c0c","date":"2023-12-30T16:00:00.000Z","stockId":3000000014347,"sao":"富国转型机遇2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-14.52%的净值表现，接近同业中位数水平。富国优质发展2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-12.75%的净值表现，跌幅小于同业中位数水平。富国低碳环保2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-11.87%的净值表现，跌幅小于同业中位数水平。富国稳健策略6个月持有期基金2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-11.42%的净值表现，跌幅小于同业中位数水平。富国金安均衡精选2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-12.36%的净值表现，跌幅小于同业中位数水平。富国趋势优先2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-11.37%的净值表现，跌幅小于同业中位数水平。富国天旭均衡2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年上半年未积极拥抱AI等主题热门板块，业绩阶段性落后；下半年，重点配置的轮胎、医药、煤炭等行业的超额收益显著，扳回一局。本基金全年录得-11.94%的净值表现，跌幅小于同业中位数水平。富国融裕两年持有2023年报2023年，市场走势依然低迷，市场已经是连续第二年出现较大的跌幅。2023年在疫后复苏的满怀憧憬中开局，二季度后内需不足的矛盾显现，市场主题投资氛围浓厚；下半年随着行业景气度进一步承压，市场风险偏好降低，高股息板块异军突起。全年来看，市场景气持续度和热点持续度偏弱，赚钱难度偏大。本基金年于23年三季度成立，秉承稳健建仓原则，保持了较好的回撤控制。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.529Z","mo":"展望2024年，我们判断二级市场供求关系将优于去年。自2023年下半年以来，监管部门就融资节奏、大小非减持等供给端矛盾进行了约束；与此同时，宏观政策层面也进一步加大了放松力度。从产业层面来看，新房市场萎缩带来的负面影响在2023年逐步扩散到地方财政收入、企业营商环境、居民消费信心等诸多领域，稳住新房市场供求关系为当务之急。市场处于低预期、低估值、低风险偏好多重叠加的极端状态，我们期待经济基本面的坚实筑底以及各项指标的均值回归。行业配置上，我们相对看好的行业包括：1)医药及医疗设备，刚性的需求叠加代际偿付能力的提升，行业政策转向温和，行业具备长久期逻辑，估值性价比较高；2）化工、机械领域：景气度触底回升，公司自身阿尔法能力突出、安全边际高的个股，细分行业如轮胎、叉车等；3）生猪养殖、饲料等：受益于回升CPI回升，景气度上行的领域；4）上游资源品如铜、黄金、煤炭等，2024年为流动性转向宽松的起点，供求关系偏紧的资源品弹性较大。","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二三年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059751","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c0b","date":"2023-09-29T16:00:00.000Z","stockId":3000000014347,"sao":"三季度，A股市场呈现震荡下行的弱势格局，其中基金重仓指数跌幅偏大。三季度以来，宏观政策预期不断增强，房地产限购限贷等约束政策陆续松绑，然而地产销售回暖态势并不显著，市场观望情绪浓厚。监管部门也陆续推出减持新规、降低印花税等提振市场信心的政策举措，然而市场仍在静待基本面的筑底好转，市场增量资金有限。本季度，本基金收益率水平小幅跑赢同业中位数，主要是由于在超配的轮胎、医药和煤炭等行业中获得一定超额收益。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.526Z","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二三年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=992623","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c0a","date":"2023-06-29T16:00:00.000Z","stockId":3000000014347,"sao":"2023年上半年，A股市场震荡起伏剧烈，基金重仓股总体表现不佳，主题板块表现相对突出。市场对于宏观经济的判断出现较大的转折，从一季度的相对积极乐观，到二季度不断下修预期。房地产市场的销售持续低迷、地方隐性债务的控制及居民消费能力恢复有待时日，是使得经济复苏斜率平缓的重要原因。特别二季度以来，宏观经济出现了“旺季不旺”的反季节性特征。在行业景气线索寥寥的背景下，市场表现呈现出浓厚的主题投资色彩。本基金上半年跑输同业中位数水平，主要由于热门主题赛道板块参与较少，而个股阿尔法策略阶段性难敌宏观景气负向贝塔预期，表现相对平淡。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:52:40.523Z","mo":"展望下半年，我们认为宏观经济已经非常接近政策对冲的临界点，随着经济托底的预期增强，A股市场有望随之企稳。伴随着高企的利率环境，欧美主要经济体景气度趋降，国内政策对冲的必要性也进一步提升。基于当前市场整体较低的估值水平，我们认为，一旦经济企稳的预期增长，市场有望出现明显的反弹。投资线索上，我们看好以下几个方向：1）需求刚需强且集采政策缓和的医药及医疗器械行业；2）行业景气度已过低点的轮胎行业，后续将迎来产能利用率回升、成本端下降和产能投放等多重因素共振；3）宏观免疫的领域，如军工和检测服务等；4）与旅游出行相关的产业链条，酒店、廉价航空、度假景区等。","fund":{"_id":3000000014347,"__csrcFundId":10673,"stockCode":"014347","shortName":"富国趋势优先混合A","masterFundShortName":"富国趋势优先混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14347,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:34.270Z","status":"normal","exchange":"jj","name":"富国趋势优先混合型证券投资基金","fundCollectionId":4000050100000,"inceptionDate":"2022-01-24T16:00:00.000Z","followedNum":3,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":647863026.33,"setUpShares":647863026.33,"pinyin":"fgqsyxhhxzqtzjj","managers":[{"stockCode":"db20177210","stockType":"fund_manager","exchange":"fm","tickerId":32310137020,"name":"曹文俊"}]},"announcement":{"linkText":"富国趋势优先混合型证券投资基金二0二三年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=966037","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0a87fea5b3eb0510c09","date":"2023-03-30T16:00:00.000Z","stockId":300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