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撤的基础上积极争取超额收益。债券则更加看中实际基本面，虽然预期改善，但是国内经济依然处于内外交困的格局，外部出口下滑的负面因素逐步提现，国内消费以及地产销售的实质性回暖可能要等到明年，债券市场风险可控，只是考虑财政和地产政策对于其的正面效果，货币政策大概率进二退一，收益可能依然处于震荡下行的过程中。组合将灵活操作，在债券和权益上做好分配，力争在资产配置上获取超额收益。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:05.705Z","fund":{"_id":3000000015272,"__csrcFundId":10987,"stockCode":"015272","shortName":"博时恒益稳健一年持有期混合(015272)","masterFundShortName":"博时恒益稳健一年持有期混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":15272,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:32:48.942Z","status":"normal","exchange":"jj","name":"博时恒益稳健一年持有期混合型证券投资基金","fundCollectionId":4000050050000,"followedNum":8,"inceptionDate":"2022-04-13T16:00:00.000Z","setUpDate":"2022-04-13T16:00:00.000Z","setUpAssetScale":214317871.22,"setUpShares":214317871.22,"pinyin":"bshywjyncyqhhxzqtzjj","managers":[{"stockCode":"db20177814","stockType":"fund_manager","exchange":"fm","tickerId":261212126030,"name":"张李陵"},{"stockCode":"j101013968","stockType":"fund_manager","exchange":"fm","tickerId":1219242720,"name":"李石"}]},"announcement":{"linkText":"博时恒益稳健一年持有期混合型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807676","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1397fea5b3eb0519e2b","date":"2022-06-29T16:00:00.000Z","stockId":3000000015272,"sao":"上半年市场剧烈波动，除部分格局偏紧的上游行业，大部分行业相比年初都出现了一定程度的下行。一季度，受美联储加息，油价大幅上行的冲击，全球资本市场都出现了较大幅度的调整。进入二季度后，随着4月份上海疫情的扩散，部分产业链遭受停工停产的冲击，出现了快速下行。5月之后，随着疫情的逐步缓解，加上央行大量投放流动性进行对冲，景气度高的行业出现了快速反弹，市场也基本修复了二季度的下行。但是在大幅波动中，我们也观察到，和能源价格相关的、景气度较高的光伏风电，受政策支持的新能源车板块，和工业自动化相关的板块，都修复到了年初水平；但和债务扩张相关的板块，包括消费和地产产业链，修复则相对缓慢，这也体现出我国经济在转型的过程中产业结构出现的变化。债券市场的表现和地产产业链类似，收益率总体呈现波动下行的格局。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:55:05.702Z","mo":"展望下半年，随着经济进一步复苏，预期资本市场依然能够提供良好的回报，高景气度行业的表现有望延续。但债务风险依然是灰犀牛，可能会影响市场节奏。对于价值板块，其表现则取决于地产链系统性风险的消除。我们认为，随着央行持续维持资金的宽松，以及进一步稳地产政策的出台，价值板块有望出现反转，同时叠加就业好转，消费活力恢复，消费链条和通胀链条也有望出现良好的机会。组合将积极操作，灵活把握机会，争取获得超额收益。","fund":{"_id":3000000015272,"__csrcFundId":10987,"stockCode":"015272","shortName":"博时恒益稳健一年持有期混合(015272)","masterFundShortName":"博时恒益稳健一年持有期混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":15272,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:32:48.942Z","status":"normal","exchange":"jj","name":"博时恒益稳健一年持有期混合型证券投资基金","fundCollectionId":4000050050000,"followedNum":8,"inceptionDate":"2022-04-13T16:00:00.000Z","setUpDate":"2022-04-13T16:00:00.000Z","setUpAssetScale":214317871.22,"setUpShares":214317871.22,"pinyin":"bshywjyncyqhhxzqtzjj","managers":[{"stockCode":"db20177814","stockType":"fund_manager","exchange":"fm","tickerId":261212126030,"name":"张李陵"},{"stockCode":"j101013968","stockType":"fund_manager","exchange":"fm","tickerId":1219242720,"name":"李石"}]},"announcement":{"linkText":"博时恒益稳健一年持有期混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=785652","linkType":"PDF","source":"csrc_pdf"}}]}