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物价变化不大，降息路径有所延后，只要不讨论升息，预计都不会对市场造成太大影响。欧洲、中国则仍然属于偏向弱势的复苏，最坏的状况已经过去。海外制造业回升，地缘冲突升级，全球定价的大宗商品表现比较好，我们仍然看好上游资源行业，增加上游资源资产配置。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.678Z","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcement":{"linkText":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1070310","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1347fea5b3eb051989f","date":"2023-12-30T16:00:00.000Z","stockId":3000000015241,"sao":"回顾全年各类资产表现，国内权益市场跌幅大，中证股票基金指数下跌12.4%；债券市场表现较好，中证纯债债基指数上涨3.4%；商品中贵金属表现突出。本基金全年上涨0.8%，表现尚可。债券市场全年表现较好，三季度小幅调整。其中城投债涨幅较好，主要受益于政策配合稳妥处置化解地方债务，城投债信用利差大幅压缩。我们对债券市场的整体节奏把握较好，操作灵活积极。于2022年底债券市场低点时增持中性久期的高等级信用债基，上半年一直维持债券市场看好观点，持仓比较积极，期间参与了超长期限国债的投资，取得了较好的收益增厚。三季度债券市场有所调整，主要受到经济数据略有好转和资金成本抬升影响。受结构性的资金紧张和存单大量发行影响，债券市场收益率有所上行，尤其是短端利率上行幅度较大，存单利率一度突破并维持在MLF利率之上，我们采取保守策略应对。四季度短端利率调整到足够高的位置，观察到经济数据疲弱，通胀数据低迷，策略上重新转为乐观。权益资产对产品业绩拖累较多，下跌过程中降低二级债基持有比例，对权益基金进行分散配置，尽量跟住偏股基金指数。本基金设定最短6个月持有期，投资策略上偏保守，力求做成一个低回撤的基金产品。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.676Z","mo":"在增速低迷的宏观环境，重视确定性收益的资产。除了基础收益的债券之外，还有低波高息权益资产和经营稳定的高票息Reits。目前经济基本面和宽松的流动性环境仍然支持债券市场表现，预计上半年表现更佳。受制于美国就业数据走弱，美联储加息预期大幅下调，美元走弱，美债利率下行，对人民币汇率和国内货币政策宽松的影响降低。国内经济数据疲软，CPI同比负增长。经济结构转型过程中，央行表示衡量信贷支持实体经济的成效，不宜过于关注新增贷款情况，预计明年财政大干快上的可能性比较低。随着地方债化债到期后的资金回流，以及央行配合特殊国债发行可能的降准、降息等宽松政策预期，债券收益率呈现平坦化下行。年末资金宽松和银行存款利率结构性下调，短端收益率大幅下行。Reits产品股息回报高，长期投资价值显著，流动性不佳导致价格波动性很大。","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcement":{"linkText":"汇添富鑫添利6个月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=1052961","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1347fea5b3eb051989e","date":"2023-09-29T16:00:00.000Z","stockId":3000000015241,"sao":"回顾三季度，债券市场先涨后跌，整体略有上涨。其中城投债涨幅较好，主要是政策配合稳妥处置化解地方债务有关，城投债信用利差压缩较多。8月下旬以来债券市场有所调整，主要受到经济数据好转和资金成本抬升影响。季度末资金特别紧张，跨季回购利率很高，组合做了部分流动性资金管理以增厚收益。在目前低利率的环境下，需要密切关注稳增长政策落实情况，如果经济恢复的程度相比预期较强，那么长端利率有上行的风险，组合配置上我们采取债券偏防守的策略。美国实际利率持续走高，美债维持高利率和美元走强的状态将影响全球资本流动，对人民币汇率和国内货币政策有些影响，影响风险资产表现。国内权益市场整体下跌较多，其中高股息资产相对抗跌一些，上游资源品相关的资产表现突出，前期市场追捧的AI主题回撤幅度较大。权益仓位上做了一定减持和控制，持有的基金以价值型基金为主，相对跌幅小一些。Reits产品股息回报高，投资价值显著，我们做了适当比例配置。目前流动性仍然不佳，受新发供给和利率回升影响，有小幅下跌。本基金设定最短6个月持有期，投资策略上偏保守，力求做成一个低回撤的基金产品。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.673Z","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcement":{"linkText":"汇添富鑫添利6个月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=988404","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1347fea5b3eb051989d","date":"2023-06-29T16:00:00.000Z","stockId":3000000015241,"sao":"回顾上半年，债券市场表现突出，信用债表现优于利率债，城投债利差持续压缩。资金成本较低，杠杆策略比较有效。我们于去年底债券市场低点时，增持中性久期的高等级信用债基。今年上半年一直维持债券市场看好观点，持仓比较积极，较好把握住了债券市场投资机会。期间阶段性参与了超长期限国债的投资，取得了较好的收益增厚。去年底逐渐增持大盘核心资产，受益于年初疫后复苏行情,1月份基金净值表现突出。但是，对于AI和机器人等热门行业主题研究不足，考虑到绝对收益产品回撤管理，涨起来之后没有再参与。二季度国内经济数据重新走弱，欧美国家虽然在高通胀的环境下持续加息，但是其经济恢复比较强劲，因此国内汇率贬值压力比较大。除了货币宽松之外，经济扩张性政策比较有限，居民消费也在减弱，二季度权益市场回调幅度较大，基金净值有一定下跌。期间，左侧投资的处于低位的创业板基金持续下跌，及时做了止损。本基金设定最短6个月持有期，投资策略上偏保守，力求做成一个低回撤的基金产品。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.670Z","mo":"债券市场观点分歧加大，一方面是利率处于新低位置，信用利差和长债利差都已经压缩到比较低的位置；另外一方面是担心城投债利差处于低位，如果发生局部性城投信用风险事件，就可能会引起估值上行；此外担忧经济逐渐复苏对债券市场产生影响。个人认为城投债偿还信用风险可控，只要能回避信用比较弱的平台，久期上不要太冒进，整体风险可控。理财业绩恢复和规模重新增长处于良性循环中，给债券市场带来增量配置资金。但是，在目前低利率的环境下，需要密切关注稳增长政策落实情况，如果经济恢复的程度相比预期较强，那么长端利率有上行的风险，组合配置上我们逐渐采取债券防守的策略。权益市场，除了个别热门板块之外，整体位置比较低，与债券相比，其长期投资价值较为明显。在回撤风险可控的前提下，采取防守反击策略，逐渐增持一些偏价值型基金。对一些热门的投资主题保持谨慎，回避相关净值波动巨大的基金产品。Reits产品投资价值显著，综合考虑流动性情况，逐渐做适当比例配置。","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcement":{"linkText":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=963031","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1347fea5b3eb051989c","date":"2023-03-30T16:00:00.000Z","stockId":3000000015241,"sao":"回顾一季度，债券市场表现突出，信用表现优于利率，城投债利差持续压缩。资金成本较低，杠杆策略比较有效。我们维持债券市场上半年机会更大的判断。目前经济弱复苏，流动性宽松的宏观状态，债券票息行情仍然比较确定。预计债券市场转向要等到经济恢复比较强，或者有很强的财政政策预期的时候，我们对此保持重点跟踪和关注。权益市场整体上表现还可以，但是结构性差异特别大。市值风格上，中小市值风格表现更加突出。行业主题投资机会也比较多，消费恢复比较确定、国央企考核更加注重经营质量和分红意愿提升下的估值重估、半导体国产化替代加速、AI创新产品推出带动相关硬件需求和各种后端应用的产生、欧美加息周期结束和经济衰退预期下的贵金属避险价值。操作上，年初港股快速上涨过程中减持港股基金，逐渐止盈中小市值风格基金，增持处于周期底部的养殖板块。创业板指数基金下跌过程中做了重点增持，该指数受到新能源和创新药板块影响调整比较多，其核心成分股的电池龙头公司估值调整比较充分，国内电池业务保持稳定，美国电池业务拓展和储能业务高速增长具有很强的增长动力。本基金设定最短6个月持有期，投资策略上偏保守，力求做成一个低回撤的基金产品。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.667Z","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcement":{"linkText":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=880725","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1347fea5b3eb051989b","date":"2022-12-30T16:00:00.000Z","stockId":3000000015241,"sao":"回顾全年各类资产表现，权益市场跌幅大，中证股票基金指数下跌21%；债券市场前三季度表现平稳，四季度跌幅较大，全年小幅上涨；商品中贵金属表现突出。本基金于年中成立，全年上涨0.84%。操作上，本基金在三季度策略上偏防御；四季度策略上积极，把握住了A股大盘核心资产和港股资产被抛售后的投资机会。债券资产的配置方面，前瞻把握住了牛熊转换的节奏，九十月份逐步降仓、换短债/货币基金，并于12月中的市场底部重新增持。商品资产的配置方面，贵金属和通胀类资产有一定正贡献。本基金设定最短6个月持有期，投资策略上偏保守，力求做成一个低回撤的稳健理财产品。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:00.664Z","mo":"往2023年看，中国经济走出疫情影响，经济逐渐恢复和货币宽松的环境有利于权益资产表现。从全球比较来看，中国经济恢复趋势、市场整体估值水平、市场流动性状况等多个方面都更具吸引力。随着国内疫情防控政策优化，地产融资政策改善有效防止系统性风险发生，中国经济稳定度在提升，外资对中国权益资产的配置信心会重新恢复并得到提升。权益类基金以价值型和均衡型股票基金为主。结构上，我们比较看好：1、和宏观经济恢复相关的资产。2、疫情受损消费行业的复苏：白酒、食品、服装等。3、医药行业基本面趋势较好，集采政策影响在估值上已反应的比较充分。此外，看好港股估值修复行情，并保持关注欧美高通胀、高利率和经济弱衰退环境对风险资产和市场流动性的影响。债券市场也具备比较确定的投资机会，预计上半年表现更佳。债券市场经过年底的剧烈调整，基础收益抬升至比较有吸引力水平，理财抛售危机已经过去，目前经济基本面和宽松的流动性环境仍然支持债券市场表现，年初配置型机构增持债券也会带动收益率下行。","fund":{"_id":3000000015241,"__csrcFundId":10952,"stockCode":"015241","shortName":"汇添富鑫添利6个月持有混合（FOF）(015241)","masterFundShortName":"汇添富鑫添利6个月持有混合（FOF）","fundSecondLevel":"fof","stockType":"fund","areaCode":"cn","market":"a","tickerId":15241,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:31:48.144Z","status":"normal","exchange":"jj","name":"汇添富鑫添利6个月持有期混合型基金中基金（FOF）","fundCollectionId":4000050460000,"followedNum":0,"inceptionDate":"2022-05-31T16:00:00.000Z","fofFundFlag":1,"setUpDate":"2022-05-31T16:00:00.000Z","setUpAssetScale":194299736.64,"setUpShares":194299736.64,"pinyin":"htfxtl6gycyqhhxjjzjj(fof)","managers":[{"stockCode":"db20652354","stockType":"fund_manager","exchange":"fm","tickerId":31012187630,"name":"蔡健林"}]},"announcemen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