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到债券发行供给增加、地产政策出台、监管事件等因素影响，发生了阶段性调整，但在流动性整体宽松的背景下，全年债券仍有较好表现，收益率有较为明显的下行。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.930Z","mo":"2024年12月中央政治局会议和中央经济工作会议部署实施更加积极的财政政策和适度宽松的货币政策，表明了政府促进经济运行总体平稳的决心。在经济复苏，流动性相对充裕，风险偏好有所提升，估值具备吸引力的情况下，我们对市场相对偏积极。资金面上，由于经济处于修复的过程中，市场的流动性有望维持较为宽松。2025年随着在科技等多个方面的不断突破，中国资产可能迎来价值重估，外资对于国内资产的配置比重有望进一步提升。结构上，新技术比如AI、机器人、智能驾驶等方向在渗透率提升，技术进步，成本下降等因素催化下有望成为市场的关注点。债券市场方面，2025年央行将施行适度宽松的货币政策，将适时降准降息，因此债券市场仍存在机会。同时也关注到，当前债券收益率较低，对政策依赖较大，货币宽松如不及预期或也会引发市场调整。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1246511","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9f","date":"2024-09-29T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内，2024年3季度，国民经济保持总体平稳、稳中有进，发展态势良好。其中，工业生产稳健增长，生产需求持续恢复，就业物价基本稳定，9月PMI较8月也出现回升，总体看高质量发展持续推进。同时货币政策稳健有力，3季度央行宣布进行降准降息，助力经济持续向好；地产刺激政策进一步出台，修复投资者信心。　　债券市场方面，在机构投资需求旺盛以及监管调控等因素相互影响下，在9月中旬之前债券收益率震荡下行，之后随着政策出台，投资者对经济增长预期有明显改善，债券市场出现较大调整。本基金债券部分主要配置利率债。　　权益市场方面，我们持相对乐观的态度。　　1、三季度市场对于经济、政策、流动性的预期发生了变化，如果后续财政政策能持续落地，则A股有望继续呈现较好的走势；　　2、目前市场处于预期与流动性推动的阶段，后续市场可能逐渐走向分化，但在一揽子政策的推动下，基本面可能会持续改善；　　3、截至2024年9月30日，Wind全A市净率处于过去10年16.47%的分位。尽管市场经历了一轮快速上涨，但股票依然具备较好的配置价值。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.927Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1176041","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9e","date":"2024-06-29T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内，经济持续稳步增长，维持了回升向好态势。上半年各类政策积极出台，其中，财政稳步扩张，超长期特别国债按计划逐步发行；货币政策稳健宽松，年初央行降准50BP，维持了流动性合理充裕；地产政策也出台一系列刺激政策，呵护地产行业逐步企稳。债券市场方面，年初流动性宽松、机构配置需求旺盛，同时债券供给偏慢，债券收益率快速下行；进入二季度后，长端利率绝对水平较低，利率风险被持续关注，收益率整体偏向震荡。债券部分主要配置利率债品种。　　一季度股票市场波动较大。年初市场受到流动性风险的冲击，短期调整较大，但此后市场较快修复了此前的跌幅。5月受到经济预期转弱的影响，市场开始有所调整。产品运作过程中延续年初制定的策略，动态进行行业比较，优选景气度高的行业。股票部分由于一季度持有较高比重的农林牧渔，同时市场下跌过程中仓位相对较高，导致上半年表现相对较差。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.924Z","mo":"进入2024年下半年，预计宏观经济仍保持稳健增长，坚持高质量发展为我国长期坚持的发展方向。整体政策基调仍以稳增长为主，对已出台政策下半年或将积极落实。债券市场方面，央行在7月已进行降息操作，预计流动性仍保持宽松，同时机构配置意愿旺盛的格局难以扭转，下半年债券或仍存在机会，但当前债券收益率水平过低和债券供给逐步提速也会对市场造成一定扰动，短期内需持续关注可能引发市场调整的触发因素。　　2024年下半年市场在经济弱复苏，估值处于合理区间的情况下，我们对权益市场并不悲观。　　1、下半年稳增长政策有望持续加码，市场对内需的展望或将更积极，A股有望逐渐企稳；　　2、市场自5月开始回调，目前市场对于经济的悲观预期已经反应较为充分，而国内房地产数据好转，经济缓慢修复，或者美国降息等均有望提升市场表现；　　3、截至2024年7月29日，Wind全A市净率处于过去10年0.39%左右的分位，股票的配置价值相对较为突出。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1141931","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9d","date":"2024-03-30T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内，2024年1季度，宏观经济保持稳健增长，3月官方制造业PMI为50.8，在2023年9月后首次达到50以上，投资者对于经济增长的信心在3月份逐步增加。1月份央行宣布降准0.5%，释放资金1万亿元，整体流动性宽松，投资者对后续降息也有较强预期，同时投资者仍然欠配，多因素下债券收益率在1月和2月经历了一段较为顺畅的下行。而3月两会政策基调较为克制，财政政策温和扩张，货币政策合理宽松，债券收益率快速下行。之后由于投资者止盈情绪浓厚，交易盘拥挤等因素影响，快速反弹，收益率出现了较大波动。债券部分主要配置利率债品种。  展望2024年二季度，我们对权益市场持相对乐观的态度。  1、Wind全A在经历两年多的下跌后，尽管2024年一季度市场有所反弹，但市场的估值水平或仍然具备足够的吸引力。  2、市场对经济的预期可能并不高，而一季度的宏观数据显示经济正在不断修复的过程中。随着经济政策在二季度不断落地，经济或将维持持续向好的趋势。  3、2024年市场的流动性将有望维持较为宽松。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.922Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067836","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9c","date":"2023-12-30T16:00:00.000Z","stockId":3000000673050,"sao":"2023年年初市场延续了疫情放开之后的上涨趋势，但由于经济修复速度相对温和，市场开始修正此前的乐观预期，年内随着经济预期与现实之间的差异而出现波动。产品在上半年由于持有较高比例的AI相关标的表现较好，但由于短期上涨幅度较大，同时AI运用低于预期，相关标的自三季度开始下跌，基金净值在报告期内出现大的回撤。  债券市场方面，2023年债券收益率明显下行，但全年利率走势也较为曲折。首先2023年1月到2月，受到疫后恢复的影响，投资者对经济增长信心提振并且对宽信用加码进行预期，债券市场有所承压。之后3月到8月底，债券市场就经济复苏的强度与政策的有效性进行博弈，同时流动性较为宽松，央行也进行了两次降息，债券收益率经历了一段较为顺畅的下行期。8月底开始，一线城市地产政策出台、债券发行供给增大、资金价格中枢抬升等因素均对债券市场产生冲击，利率经历了较为长时间的回调。而12月中旬开始，中央经济工作会议表态符合市场预期，并无超预期的政策出台，债券市场情绪开始转暖，同时新一轮存款挂牌利率调降引发投资者对于进一步降息的预期，债券收益率再次下行。产品主要投资流动性较好的利率债品种。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.919Z","mo":"2024年市场在经济弱复苏，流动性相对充裕，估值具备吸引力的情况下，我们对市场并不悲观。宏观经济方面，我们预计全年GDP有望实现5%左右的增速。资金面上，由于经济处于修复的过程中，2024年市场的流动性有望维持较为宽松。2024年美联储或有望进入降息周期，海外流动性预计边际改善，外资流出压力有望进一步缓解。在经历连续的下跌后，市场的估值水平可能已经具备足够的吸引力，资产价格可能已经充分反映投资者的悲观预期。结构上，新技术比如AI、机器人、智能驾驶等方向在渗透率提升，技术进步，成本下降等因素催化下有望成为市场的关注点。债券市场方面，2024年货币政策仍然存在进一步宽松的可能，考虑到宏观经济的复苏需要较低的利率环境配合，海外面临货币周期和政治周期的交织，外部不确定性可能仍对国内市场造成影响。在政策预期与数据验证的博弈中，全年债券市场仍然存在机会。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1049996","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9b","date":"2023-09-29T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内wind数据显示，Wind全A下跌4.33%，创业板综合指数下跌8.25%，但是行业之间涨跌差异较大，其中非银金融以及周期板块表现较好，而TMT板块下跌幅度较大。三季度政府出台多项稳定市场政策，其中包括7月24日政治局会议，8月27日活跃资本市场政策，降息降准以及地产放松政策等。但由于美国降息进程低于预期，美债持续上涨，人民币汇率压力较大，市场对经济修复力度较为谨慎等原因，市场总体呈现下行态势。债券部分，2023年三季度，债券收益率总体上先下后上。7月开始，债券市场流动性较为宽松，同时宏观经济依旧处于弱势复苏，宏观环境对债券市场较为有利，债券收益率震荡下行。但到7月底政治局会议后投资者对经济刺激政策加码出台的预期抬升，会议后，短期内债券收益率出现明显调整。进入8月后，流动性持续宽松，同时央行意外宣布降息，10年国债收益率快速下行到年内低点。但降息后，银行间资金价格中枢却有所抬升，叠加地产政策密集出台，一线城市“认房不认贷”开始实施，地产优化政策逐步加码，经济基本面平稳回升，8月底开始债券收益率震荡上行。  新盈基金报告期内回撤较大，主要原因是在算力、游戏板块的持仓较高，上述板块前期上涨幅度较大，拥挤度、预期较高，叠加行业应用落地速度较慢等多个因素的影响下，报告期内表现较差。  展望2023年四季度，我们对市场持相对乐观的态度。  1、从多项经济指标来看，基本面筑底的迹象逐渐明晰：进出口数据、社融数据、工业企业营收等均在改善的过程中。PMI连续四个月边际改善，9月进入扩张区间。8月PPI 同比-3.0%，环比回升1.4个点，自6月低点持续回升。  2、三季度地产放松、城中村改造，一揽子化债等政策陆续落地，并开始显现效果。四季度三中全会、政治局会议、经济工作会议等多个重要会议可能继续加码政策力度，四季度可能仍然是政策发力的时间窗口，经济动能或进一步得到加强，从而推动经济修复并对市场形成支撑。  3、国内经济压力较大、美联储货币政策收紧、美债利率上行及外资流出等因素可能已被市场充分定价，Wind全A（除金融、石油石化）的风险溢价处于过去十年87.3%的分位。随着经济的进一步好转，市场的悲观情绪有望得到扭转。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.917Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=985930","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b9a","date":"2023-06-29T16:00:00.000Z","stockId":3000000673050,"sao":"1月经济修复预期推动估值明显修复，2月、3月下跌主要是受到市场对强预期弱现实的修正，以及美联储加息、海外金融风险等因素扰动。4月、5月较弱的经济数据陆续公布，在较差的经济体感的推动下，市场对经济的悲观预期有所增加。产品运作过程中延续年初制定的策略，动态进行行业比较，优选景气度高的行业。股票部分持有较高比重的通信、电子、传媒等板块，上半年表现相对较好。  债券市场方面，2023年上半年经济稳健复苏。年初随着疫情因素逐步消除，居民活动限制被打开，消费需求开始提升，上半年制造业投资也有较强韧性；但同时，受到外需疲弱影响，上半年出口并不强劲，房地产投资增速仍在低位徘徊，整体宏观经济仍是弱势复苏态势。政策方面，在坚持高质量发展的背景下，经济刺激政策有序出台，央行于3月宣布降准、6月进行降息，降低了实体融资成本，同时保持了货币市场较为宽松的流动性，为债券市场营造了一个较为有利的流动性环境。债券市场在年初有所调整后，收益率逐步企稳向下，整体看债券市场上半年表现较为强势。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.914Z","mo":"2023年下半年市场在经济弱复苏，流动性相对充裕，估值处于合理区间的情况下，市场有较好的投资机会。  展望后市，有三个方面需要关注：第一，经济的内生动力或将逐渐增强。我们预计PPI与库存周期有望回升，企业盈利在经历多个季度的下行之后或将逐步企稳。第二，政府出台稳增长政策的力度。由于经济自身修复力度不是很强，政府可能陆续出台稳增长政策，加大调控力度，托底经济增长。第三，对经济的悲观预期预计有望收敛。一季度疫后修复动力较强，二季度冲高的需求有所回落，下半年经济预计将回归常态。目前市场对于经济的悲观预期已经反应较为充分，如果经济修复的信号更加显性，市场或将修正此前的预期。  债券市场方面，展望2023年下半年，国内经济预计将继续平稳修复，保持稳健增长。在各项调研、学习后，预计新的刺激政策可能将持续出台，对地产、基建等投资力度预计有一定增强，但政策效果需要持续观察，而下半年消费增长的可持续性也需要数据验证。下半年整体经济环境带来的债券上行压力较为有限，同时当前流动性较为宽松，央行也可能在下半年进一步降准降息配合其他宏观政策拉动经济。整体债券市场或将在区间震荡，等待政策效果预期差带来的交易性机会。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=959069","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b99","date":"2023-03-30T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内Wind全A上涨6.47%，其中1月上涨了7.38%，2月、3月分别下跌0.02%、0.83%。1月经济修复预期推动估值明显修复，2月、3月下跌主要是受到市场对强预期弱现实的修正，以及美联储加息、海外金融风险等因素扰动。板块之间分化明显，在极致轮动行情之后，随着Chatgpt概念的发酵，计算机、传媒、通信、电子在一季度涨幅居前。  展望后市，经济缓慢修复、流动性维持宽松、风险偏好提升、美联储加息预期见顶，或将推动市场上行。板块上，随着经济恢复动力增强以及数据的不断验证，已经经历预期下调的顺周期及消费板块将有望迎来更好的表现。前期上涨过快的TMT板块，震荡幅度或将加大，一方面市场预期空间巨大，在政策和商业运用落地的不断催化下，可能成为全年市场主线；另一方面，板块交易集中度过高，但由于产业仍处于早期阶段，后续或将出现分化，现阶段到业绩兑现之间的较长周期或将放大板块波动。  报告期内，利率债市场窄幅震荡上行。22年底防疫政策优化后，投资者对今年内国内经济复苏的大环境预期较为充足，因此债券受到长期经济恢复性增长的压制；报告期内，投资者对债券市场观点分歧较小，引发债券利率调整并不显著；在利率弱势震荡的环境下，有票息保护的信用债表现较优。而流动性方面，在宏观经济修复、融资需求上升时，银行间市场流动性被逐步抽离，度过元旦后，资金价格中枢有所抬升，同时资金价格在2月底有脉冲式上行，但3月份央行宣布降准，预计整体流动性依旧保持稳健中性。到2季度，随着1季度经济数据逐步公布，投资者在经济修复方向上预期较为充分后，或将逐步对经济增长斜率和政策预期进行博弈，预计债券收益率仍然将处于震荡区间。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.911Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"annou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年美联储或有望停止加息，海外流动性预计边际改善。  经济修复的斜率、幅度以及结构将对市场造成较大影响。由于居民收入和预期仍然偏弱，劳动力供给和供应链可能面临一定的不确定性，同时疫情可能出现反复，经济修复过程预计存在一定波折。但是预期往往会领先经济基本面，经济波动以及放大的预期将引起市场的调整。  结构上，由于行业之间景气度收敛，新的市场主线尚未显现，需要根据行业估值修复，数据验证，资产负债表、利润表修复的差异做出投资决策。  债券市场方面，2023年经济增长为债券交易的主基调，随着疫情防控政策得到优化、稳增长政策逐步出台，消费有望迎来反弹，而地产行业对经济的拖累可能逐步减弱。经济增长在方向上对债券市场有一定压制，但货币政策预计仍然保持宽松，当前货币政策的主要目的是宽信用，在经济没有明显持续好转以前，货币政策预计暂时仍不会收紧。预计2023年债券市场仍然处于区间震荡，同时关注稳增长政策与实际经济增长的节奏，把握阶段性交易机会。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866712","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b97","date":"2022-09-29T16:00:00.000Z","stockId":3000000673050,"sao":"今年以来，A股市场波动较大。一季度受到发达经济体加息缩表、俄乌战争推升通胀、国内疫情爆发等多个事件冲击，市场大幅下跌。二季度随着疫情好转，在流动性宽松、稳增长政策推动、估值修复等因素的推动下，市场开始触底反弹。三季度受到美国通胀超预期导致美元持续加息、国内经济环比修复中断、地缘政治风险、流动性未能边际宽松的影响，市场大幅回调。  新盈产品三季度回撤较大，一方面是市场跌幅较大，另一方面是在新能源、汽车相关板块持仓比重较高，除去宏观因素以外，上述板块拥挤度以及估值较高也是产品调整的重要原因。  展望四季度，我们对市场持相对乐观的态度。四季度，国内经济环比好转的逻辑将逐渐被市场反映，美联储加息的影响可能已到后半程，考虑到A股估值的支撑，如果地产销售、疫情、海外通胀出现好转，现有的悲观预期或将得到有效扭转。  1、对比受到疫情，高温以及地产投资下行影响的三季度，随着国内疫情逐步缓解，房地产刺激政策出台，稳增长政策进一步加码，四季度国内经济或将逐步企稳回升。  2、三季度美联储超预期加息是市场下跌的重要原因。但持续加息会压制需求，推动通胀下行，同时市场对于加息的定价已经较为充分，加息的边际影响趋弱。国内由于经济修复较为疲弱，或将维持较为宽松的流动性。  3、估值层面，截至2022年9月30日，Wind全A（非金融石油石化）PE（TTM）估值26.09倍已经接近2022年4月底的水平，风险溢价处于过去十年92%分位。  报告期内，债券市场有较大波动，上半年国内疫情对国内经济冲击较为剧烈，对地产行业的负面影响尤为明显，7月开始地产行业负面事件频发，同时经济恢复速度较慢，央行保持宽松流动性，银行间资金价格保持低位，在整体环境影响下，7月初开始，债券收益率震荡下行。8月中旬，央行进一步降息以刺激经济，但由于资金价格并未随降息而进一步下降；同时随着8、9月经济数据公布以及刺激政策出台，投资者对进一步降息预期较弱，因此债券收益率在降息后短时间内快速下行，但9月出现明显反弹。后续预计流动性仍然保持充裕，但随着刺激政策逐步出台、经济逐步回暖，债券市场趋势性行情可能性较小，可能还是处于区间震荡。报告期内产品主要配置流动性较好的利率债。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.906Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=801579","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b96","date":"2022-06-29T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内海外疫情出现反复，全球经济以波折缓慢复苏为主。疫情在国内得到有效控制，国内经济逐步复苏。债市短期受经济基本面好转以及货币政策可能出现边际变化等预期扰动，资金中枢抬升，利率显著上行，波动加大，大类资产配置向权益资产倾斜。海外资金不断加码A股，国家扶持权益市场发展，新股发行制度持续改革，引导居民财富配置逐步向专业机构倾斜。在此背景下，绩优股受到国内外资金的青睐；科创板估值体系对主板和中小创的优质公司形成引导，高成长行业估值不断突破。    本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债和高等级银行存单，配置上兼顾流动性和收益性，并适度使用杠杆套利操作提高收益。权益投资上主要投向为行业发展空间大，有清晰、可持续的盈利模式，拥有较强竞争优势和运营效率的行业龙头，或者处于行业细分赛道领先地位的优秀成长型公司。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.903Z","mo":"展望下半年，从调结构到稳增长，关注政策端的决心。2020年疫情之后国内政策经历了全面宽松、调结构和稳增长三个阶段。政策端的调整对资本市场的影响深远，从半年到一年维度来看，我们仍处于稳增长阶段。特别是在外围处于紧缩阶段，国内稳增长效果尚未完全体现背景下，理应更加关注内驱力的带动。良药苦口利于病，一个好的政策如果在短期产生负面效果，长期有利于身心健康，理性分析是要坚守的，但同时过程中根据实际情况的动态调整也必不可少。  基本面逐渐复苏，结构变化仍是不变的主题。经济面临的各种问题，在上半年市场的大幅调整中得到了充分的讨论。当下我们处于经济弱复苏状态，尽管投资者希望这个复苏趋势短期可验证长期可持续，但经济发展不是线性的，总是在过冷和过热中来回摇摆。投资者对经济的判断，体现在市场上就是结构选择成为决定投资的胜负手。  投资者尚未形成一致预期，但方向越发清晰。今年以来在美联储加息缩表、俄乌冲突和国内疫情反复以及后续政策持续稳增长背景下，市场分歧明显加大。尊重常识，回归本源作为我们年度策略报告标题，代表了我们对今年市场的判断。客观独立的看待市场变化，市场跌多了我们不认为是熊市，市场大幅反弹我们也不去做牛市判断。根据研究分析，综合考虑各方面影响因素，在大胆假设小心求证中去理解市场，进而进行投资决策。  债券市场方面，随着6月1日开始上海正式解封，复工复产快速推进，经济基本面逐步复苏。当前流动性依旧宽裕，预计随着后续货币政策配合财政推动稳经济措施逐步落地，流动性向实体传导，债券流动性可能会逐步向中性回归，长期看债券市场或将面临一定压力。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hyb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季度出现政策纠偏的可能性较大。  本基金在报告期内固定收益投资主要配置了流动性较好的利率债和存款，配置上兼顾流动性和收益性。权益投资以受益于国内外经济复苏、业绩确定性强、盈利增速和估值水平相匹配的新能源、医药和大金融等板块为主。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.895Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=650987","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b92","date":"2021-06-29T16:00:00.000Z","stockId":3000000673050,"sao":"报告期内随着国外需求的恢复和国内出口竞争力的加强，中国出口产业链持续高景气。外需的持续高增长对工业产出和制造业投资有较强的拉动作用，是当前经济基本面的重要支撑。货币政策稳字当头，更加重视就业目标的实现，整体资金面相对宽松。债市受经济基本面持续好转以及货币政策逐步回归常态预期的影响，呈现区间震荡走势。货币政策收紧与盈利修复的预期拉锯，权益市场总体处于震荡调整阶段。  本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债和存款，配置上兼顾流动性和收益性。权益投资以受益于国内外经济复苏、业绩确定性强、盈利增速和估值水平相匹配的新能源、半导体和医药等板块为主。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.892Z","mo":"疫情仍是未来影响国内经济走势的重要因素。随着全球疫苗接种率的提升，国内外消费不断恢复，海外出口有可能逐步降温。地产和基建对货币和信用政策环境变化较为敏感，随着后期政策逐步回归常态，未来房地产调控仍有进一步加码空间，基建投资有可能成为稳定经济增速的重要工具。国内货币政策以稳为主，当前的结构性通胀对政策趋势的影响较弱。与流动性风险相比，信用风险在总量信用趋向收紧的环境下更值得关注。政策环境对债市仍有支撑，但收益率整体继续下行空间有限。权益方面看好受国内外政策支持、渗透率持续提升、行业保持较高增速的新能源汽车产业链和业绩确定性较强且受益于工程师红利的创新药产业链。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=630066","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b91","stockId":3000000673050,"sao":"报告期内随着国内外疫苗接种的逐步开展，全球经济复苏趋势向好。海外供给产能有所恢复，但从相关高频数据来看，出口表现仍然强劲。国内外需求上行带动通胀和制造业景气度回暖，企业整体盈利改善明显。地产调控政策趋严，但房地产投资韧性较强。受政府杠杆率受控影响，基建投资未来继续回落的可能性较大。疫情对消费意愿的影响逐步减弱，居民消费未来仍有进一步修复的空间。货币政策逐步走向正常化，但当前市场对流动性和信用收缩的节奏过于悲观，在未来紧信用和防风险的政策指向下，货币政策进一步收紧的概率不大。与流动性风险相比，信用风险在信用收缩的环境下更值得关注。债市受经济基本面持续好转以及货币政策逐步回归常态的影响，呈现区间震荡的走势。货币政策收紧与盈利修复的预期拉锯，权益市场总体处于震荡调整阶段。当前基本面的修复依然是主线逻辑，从大类资产配置的角度看，权益资产短期仍然占优。  本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债和存款，配置上兼顾流动性和收益性。权益投资以受益于国内外经济复苏、业绩确定性强、盈利增速和估值水平相匹配的新能源、医药和家电等板块为主。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.889Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=567702","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b90","stockId":3000000673050,"sao":"报告期内随着国内疫情的稳定和经济的持续复苏，货币政策逐步走向正常化。信用扩张对经济的拉动影响仍在，低利率环境下企业扩产动力较强。海外需求也出现强劲反弹，美国开启新一轮房地产投资周期。国内外需求上行带动通胀和制造业景气度回暖，企业整体盈利改善趋势向好。债市受经济基本面持续好转以及货币政策逐步回归常态的影响，呈现区间震荡的走势。流动性收紧与盈利修复的预期拉锯，权益市场总体处于震荡调整阶段。当前基本面的修复依然是主线逻辑，从大类资产配置的角度看，权益资产仍然占优。  本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债，配置上兼顾流动性和收益性，并适度使用杠杆套利操作提高收益。权益投资上看好业绩确定性较强且受益于工程师红利的创新药产业链和受国内外政策支持、行业未来仍可保持较高增速的新能源板块。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.887Z","mo":"随着国内外疫苗的陆续接种，居民防护措施的加强，我们认为疫情影响将逐步弱化，国内经济将进一步复苏，盈利增长将替代估值成为市值驱动的核心因素。不断变化的国内、外消费环境使得优势企业呈现强者愈强的局面，优选行业龙头。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=553855","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b8f","stockId":3000000673050,"sao":"报告期内全球经济受二次疫情的影响，复苏速度出现放缓。而国内由于疫情得到有效控制，需求回暖，经济超预期恢复。制造业投资受出口和消费拉动，增速好于预期。虽然近期政策对地产调控严格，但地产投资短期仍有韧性。基建投资在财政支持下，增速稳定。货币政策出现边际收紧，宽货币逐步转向宽信用。债市短期受经济基本面持续好转以及货币政策逐步回归常态的影响，呈现整体震荡下跌的走势。国内经济复苏趋势有望延续，信用扩张仍将继续，微观流动性宽松充裕，企业盈利趋于改善。创业板成功实施注册制，资本市场改革进入新阶段。从大类资产配置的角度看，权益资产仍然占优。     本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债，配置上兼顾流动性和收益性，并适度使用杠杆套利操作提高收益。权益投资上主要投向为在疫情影响下业绩增速仍能保持稳健的消费和医药等行业，以及随着经济持续修复而景气度回升的低估值顺周期行业龙头。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.884Z","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=489384","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6357fea5b3eb0569b8e","stockId":3000000673050,"sao":"报告期内海外疫情出现反复，全球经济以波折缓慢复苏为主。疫情在国内得到有效控制，国内经济逐步复苏。债市短期受经济基本面好转以及货币政策可能出现边际变化等预期扰动，资金中枢抬升，利率显著上行，波动加大，大类资产配置向权益资产倾斜。海外资金不断加码A股，国家扶持权益市场发展，新股发行制度持续改革，引导居民财富配置逐步向专业机构倾斜。在此背景下，绩优股受到国内外资金的青睐；科创板估值体系对主板和中小创的优质公司形成引导，高成长行业估值不断突破。    本基金在报告期内固定收益投资主要配置了流动性较好的短久期利率债和高等级银行存单，配置上兼顾流动性和收益性，并适度使用杠杆套利操作提高收益。权益投资上主要投向为行业发展空间大，有清晰、可持续的盈利模式，拥有较强竞争优势和运营效率的行业龙头，或者处于行业细分赛道领先地位的优秀成长型公司。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:16:21.881Z","mo":"随着疫情逐步缓解，我们预计下半年经济数据将继续环比改善，为权益市场的稳定提供业绩基础。货币政策下半年大概率仍将趋于稳定，前期金融市场充裕的资金逐步进入实体经济，短期债市可能仍存在一定调整压力。权益方面，股价由估值驱动转为盈利驱动，业绩的确定性更为重要。目前中国权益资产占全球的比重仍处于低位，中长期的国际配置资金仍将不断流入。我们认为消费和制造业的升级趋势不可逆转，继续看好中国经济的转型潜力。","fund":{"_id":3000000673050,"stockCode":"673050","stockType":"fund","areaCode":"cn","followedNum":2,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-01-14T16:00:00.000Z","setUpScale":200060000,"market":"a","tickerId":673050,"custody":"中国银河证券股份有限公司","name":"西部利得新盈灵活配置混合型证券投资基金","shortName":"西部利得新盈混合(673050)","fundSecondLevel":"hybrid","__csrcFundId":4416,"fundStatus":"normal","lastUpdated":"2026-05-01T08:57:25.512Z","masterFundFlag":1,"inceptionDate":"2016-01-21T16:00:00.000Z","fundCollectionId":4000050620000,"currency":"CNY","masterFundShortName":"西部利得新盈混合","pinyin":"xbldxylhpzhhxzqtzjj","managers":[{"stockCode":"db20863044","stockType":"fund_manager","exchange":"fm","tickerId":230810224230,"name":"吴海健"}]},"announcement":{"linkText":"西部利得新盈灵活配置混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=460637","linkType":"PDF","source":"csrc_pdf"}}]}