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股在下半年出现较大幅度的调整。从风格来看，全年小盘风格跑赢大盘风格，价值风格跑赢成长风格，TMT板块走出阶段性行情，高股息资产相对抗跌。债市在经济弱复苏和货币政策合理宽裕的环境下整体表现较好，十年期国债收益率下行，期限利差和信用利差收窄。报告期内，权益市场波动较大，整体下行，债券市场震荡上行。2023年年初债市在经历2022年四季度的回调之后，配置性价比提升，本基金积极把握机会，上半年适当拉长久期，提升债券部分的收益潜力，并精选优质债券基金进行配置。同时本基金在控制风险的基础上积极参与权益市场机会，通过定量与定性相结合的方法，多维度精选优质权益类基金进行配置，整体配置风格较为均衡，行业和板块较为分散，以降低单一板块的波动风险。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:53:33.949Z","mo":"展望2024年，市场有望走出美联储货币政策持续紧缩和经济基本面修复放缓的双重压力困境。海外方面，美联储在2023年12月议息会议上给出了“开始讨论降息”的信号，2024年开启降息周期，中美利差逐步收敛，有望带动外资回流A股。国内方面，虽然总需求仍有待提升，但国内产成品库存已接近底部区域，随着主动补库周期的开启，上市公司盈利有望逐步企稳回升。中长期来看，全球科技创新进入上行周期，国内企业在新技术、新场景、新应用上持续突破，不断培育自身核心竞争力，在行业供给出清背景下，相关企业的成长性和投资价值均在大幅提高。政策层面，国内今年政策基调友好，财政政策积极加码，货币政策有望保持流动性整体宽裕，地产、基建、消费等领域政策支持力度也较强，随着政策逐步落地，经济动能修复，叠加股市估值持续处于低位，股市内生的均值回归力量有望驱动市场回暖。","fund":{"_id":3000000014665,"__csrcFundId":10709,"stockCode":"014665","shortName":"广发悦享一年持有混合（FOF）","masterFundShortName":"广发悦享一年持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14665,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-08T23:14:28.758Z","status":"normal","exchange":"jj","name":"广发悦享一年持有期混合型基金中基金（FOF）","fundCollectionId":4000050300000,"followedNum":0,"inceptionDate":"2022-01-24T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":1489973840.01,"setUpShares":1489973840.01,"pinyin":"gfyxyncyqhhxjjzjj(fof)","managers":[{"stockCode":"db20680887","stockType":"fund_manager","exchange":"fm","tickerId":2526198800,"name":"杨喆"},{"stockCode":"db20886378","stockType":"fund_manager","exchange":"fm","tickerId":191010226650,"name":"宋家骥"}]},"announcement":{"linkText":"广发悦享一年持有期混合型基金中基金（FOF）2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1052378","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0dd7fea5b3eb05142ef","date":"2023-09-29T16:00:00.000Z","stockId":3000000014665,"sao":"三季度市场走势偏弱，其中成长板块回调幅度明显。7月份高层会议召开后，市场短期预期较为乐观，北向资金流入，非银金融、房地产等板块出现拉升。进入8月份之后，市场预期减弱，市场再度对中长期负面因素担忧，市场情绪触及低点；同时8月份北向资金持续净流出，创下有史以来最大单月净流出额。随后，涉及房地产、居民消费、资本市场等领域的稳增长政策密集落地，在政策的支持下，9月份披露的金融和经济数据迎来边际改善，周期、医药等板块小幅反弹。三季度，在市场避险情绪和央行降准降息等货币政策的支持下，债市延续上半年的上涨趋势，但从8月中旬开始，稳增长政策的密集落地，经济向好预期升温，导致债市出现一定程度的调整。报告期内，本基金精选优质债券型基金进行配置，通过久期管理降低债市波动的影响。三季度权益市场情绪较弱，本基金在行业和板块上的配置较为分散，以降低权益类资产的波动对组合净值的影响，控制组合整体回撤。在基金选择上，本基金通过定量与定性相结合的方法，多维度精选优质基金进行配置，并根据市场情况动态调整，力争获取中长期稳健收益。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:53:33.946Z","fund":{"_id":3000000014665,"__csrcFundId":10709,"stockCode":"014665","shortName":"广发悦享一年持有混合（FOF）","masterFundShortName":"广发悦享一年持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14665,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-08T23:14:28.758Z","status":"normal","exchange":"jj","name":"广发悦享一年持有期混合型基金中基金（FOF）","fundCollectionId":4000050300000,"followedNum":0,"inceptionDate":"2022-01-24T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":1489973840.01,"setUpShares":1489973840.01,"pinyin":"gfyxyncyqhhxjjzjj(fof)","managers":[{"stockCode":"db20680887","stockType":"fund_manager","exchange":"fm","tickerId":2526198800,"name":"杨喆"},{"stockCode":"db20886378","stockType":"fund_manager","exchange":"fm","tickerId":191010226650,"name":"宋家骥"}]},"announcement":{"linkText":"广发悦享一年持有期混合型基金中基金（FOF）2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=983810","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0dd7fea5b3eb05142ee","date":"2023-06-29T16:00:00.000Z","stockId":3000000014665,"sao":"2023年上半年，权益市场经历了年初上涨后开始震荡下跌，市场风格轮动较快。年初随着国内疫后修复以及经济活动复苏，市场信心逐步修复，北向资金净流入，市场整体上行。春节后因美国就业和通胀数据强劲，美联储加息预期升温，同时国内经济复苏预期有所反复，市场转入震荡，TMT和“中特估”等板块走出较强的结构性行情。二季度随着国内经济复苏动能环比放缓，美国经济韧性好于年初预期，人民币汇率走弱，北向资金有一定流出，市场震荡下行。前期热门的TMT和“中特估”板块出现分化和调整，板块轮动较快，股市整体估值再度回归历史较低位置。上半年债券市场在经济复苏偏弱和货币宽松预期下整体走强，一季度宏观数据表现较好，信用债机会优于利率债，二季度多项经济指标冲高回落，利率债有不错的表现。报告期内，债券收益率下行，本基金积极把握机会，适当拉长久期，精选优质债基进行配置，增厚组合收益。权益市场在年初上涨后开始震荡下跌，本基金在控制风险的基础上参与权益市场机会，通过定量与定性相结合的方法精选优质权益类基金，在行业和板块分散化配置，降低权益资产波动对组合净值的影响，控制组合整体回撤。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:53:33.943Z","mo":"展望下半年，美国通胀压力逐步缓解，美联储加息临近尾声，海外流动性收紧对国内资产的影响逐渐减小。国内经济形势总体或将有所回暖，企业端库存去化，主动补库临近，利润逐步改善；居民端就业改善，消费意愿回升，疤痕效应减弱。同时在经济弱复苏的基调下，市场流动性保持合理宽裕状态，稳增长政策有望进一步加强。目前市场价格已经蕴含了较为悲观的预期，下半年随着政策的落地和数据的好转，市场风险偏好有望企稳回升。债市方面，经历了自去年底以来利率的持续下行，债券类资产的收益预期相对有所降低，但下半年仍处在经济弱复苏和货币政策合理宽松的环境下，仍需关注阶段性机会。","fund":{"_id":3000000014665,"__csrcFundId":10709,"stockCode":"014665","shortName":"广发悦享一年持有混合（FOF）","masterFundShortName":"广发悦享一年持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":14665,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-08T23:14:28.758Z","status":"normal","exchange":"jj","name":"广发悦享一年持有期混合型基金中基金（FOF）","fundCollectionId":4000050300000,"followedNum":0,"inceptionDate":"2022-01-24T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-01-24T16:00:00.000Z","setUpAssetScale":1489973840.01,"setUpShares":1489973840.01,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