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反复与美欧制造业的边际回暖形成对冲，美债利率高位震荡对全球风险资产估值形成制约。这种复杂的宏观环境使得市场风格经历了从哑铃向多热点扩散的转变，成长风格逐渐显现弹性，表现突出。行业方面，有色金属、银行、国防军工、传媒和通信等涨幅居前，建筑装饰、石油石化、房地产、食品饮料和煤炭等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，以获取超额收益为核心。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.924Z","mo":"展望未来，A股市场预计呈现中枢上移以及延续结构轮动的特征。随着外部环境边际改善，包括中美经贸关系短期缓和、美联储降息预期增强以及地缘风险阶段性缓解，市场风险偏好有望持续修复。从宏观角度看，国内政策托底效应逐渐显现，消费刺激政策与基建投资保持较高增速，但盈利弹性受制于地产拖累和经济转型压力。在这种环境下，市场风格有望从上半年的红利和小微盘的哑铃结构向部分成长板块切换，科技和先进制造等高弹性领域可能领涨市场。值得注意的是，增量资金持续进入A股，推动市场成交放量，若后续出现财政和货币协同发力、地产企稳等催化剂，市场可能从结构性行情向指数机会扩散，与此同时，部分大市值核心资产在盈利改善与估值修复的驱动下已显现配置价值。综合来看，A股有望在政策支持与经济转型中震荡上行，重点关注业绩确定性强的成长板块，同时把握可能出现风格扩散带来的指数机会，风险层面，需警惕贸易谈判的反复和国内经济修复不及预期等潜在冲击。　　具体操作上，本基金将继续在行业中性的框架内坚持自下而上精选个股的投资策略，在控制指数跟踪误差的同时力争为持有人创造更多的超额收益。","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1346839","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb0526845","date":"2025-03-30T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，A股市场呈现典型的结构性行情，科技成长与小盘资产表现亮眼，而传统周期和权重板块相对疲软。其中，北证50指数以22.48%的涨幅领跑全市场宽基指数，微盘股、科创100和科创200指数涨幅均超过10%，相较而言，红利指数表现相对落后，录得-4.41%的收益。市场交易活跃，全市场日均成交额超过1万亿，显著高于去年同期。在主题层面，资金明显流向人工智能、机器人等科技方向。　　从宏观层面看，一季度海内外宏观、政治以及经济运行态势对股票市场产生了较大影响。年初，随着特朗普就职开启第二任期，全球地缘政治和外交政策均面临较大不确定性，避险情绪传导至国内资产价格上，表现为A股和港股风险的快速释放以及国债收益率持续下行。进入2月份，Deep Seek的技术突破和开源，显著降低了大模型部署难度和应用端的算力要求，影响了全球资金对中国科技资产的重估，恒生科技指数当月收益率超过17%，同时互联网龙头加大对AI方向的资本投入，直接推动了国内AI板块的上涨行情，科技行情的扩散效应也表现为机器人相关资产的大幅上涨。与此同时，2月份经济基本面在春节复工后，企稳回升，PMI指数重回50%枯荣线的扩张区间，一定程度上带动A股市场的反弹，并收复年初的下跌空间。但在一季度末，市场情绪逐渐回归理性，年报披露期的到来以及美国关税政策对全球经济走势带来的不确定性，引发避险情绪以及对财务暴雷资产的逃离，高beta类板块呈现高位回调，市场整体表现为区间震荡。　　股票市场结构方面，主题轮动仍是市场的一个核心主线。风格层面，成长风格显著跑赢价值风格，特别是偏科技类资产，其中微小盘和科创板资产涨幅更高，与美债利率水平下行以及风险偏好提升有显著关联。行业方面，有色金属、汽车、机械、计算机和钢铁等表现靠前，而煤炭、商贸零售、石油石化、建筑和房地产等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，维持偏低跟踪误差，以获取超额收益为核心。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.921Z","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1277870","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb0526844","date":"2024-12-30T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，上证综指收涨12.7%，结束了连续两年的下跌。整体看，2024年的A股市场呈现典型先抑后扬，然后震荡的格局，上证综指在2600点至3700点之间宽幅波动，亦伴随投资者情绪的剧烈变化，与此同时，市场波动率在经历了9月底的强势反弹后，中枢水平提升了一个台阶，在这个过程中，市场风格从之前低波动与红利等防御性资产占优，迅速切换至高beta与高成长的进攻性资产领涨，全市场成交额最高触及3万亿元水平，足见投资者情绪的高涨和积极入市的态度，市场主题在高成交额环境下轮动速度加快。站在市场驱动因素层面来分析全年市场变化，A股市场的波动更多不是源于偏弱的宏观经济现实，而是得益于9月份三部委联合发布会，包括一揽子超预期政策的出台，强势表明了政策方向和力度的转向，从而扭转了前期相对悲观的市场情绪和预期，因此，市场反应超前于政策面的执行与基本面的改善。除上证综指外，大多数宽基指数在2024年均有明显上涨，其中科技龙头为主的创业板50指数涨幅超过20%。　　从宏观角度看，全年经济增速保持稳定，结构上外强内弱、供大于需的格局始终未有大的改观。在总量增速符合预期的同时，工业企业营业收入和利润弱于总量增速，源于受制于工业品价格的下行，PPI全年当月同比均在负值区间，从而企业表现出增收不增利的经营情况，对上市公司利润增速形成一定压力，利润端的修复可能需要静待一揽子政策执行的效果和针对当下经济结构偏差措施的出台。　　股票市场结构方面，风格上，价值类和成长类资产表现较好，而质量类资产表现相对偏差，同时，大盘股强于中小盘股票，股票市场的哑铃结构表现在报告期内仍非常明显。行业方面，银行、非银金融、通信、家电和电子等涨幅居前，医药生物、农林牧渔、美容护理、食品饮料和轻工制造等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，以获取超额收益为核心。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.918Z","mo":"宏观角度出发，2025年的股票市场将在长期政策稳健的基石上继续发展。随着政府为稳定经济基本面及资本市场而持续推出的各类政策，预计将进一步有效对冲房地产市场的疲软态势，并逐步修复因财富效应减弱导致的消费与投资缺口。同时，行业供给侧改革以及产能周期的调整，对工业品价格形成支撑，有助于部分中游行业供需格局好转和盈利能力见底。而全球范围内经济体逐步进入降息通道，美国财政赤字的扩张趋势，或将为未来利率的进一步下行铺平道路，从而为风险资产的价格表现提供有力支撑。　　展望未来，股票市场估值已从历史低谷中走出，随着价格预期的逐步稳定，股票资产的估值水平有望进一步得到修复和提升。加之上市公司潜在的盈利增长，市场风格有望从过去的哑铃型结构转变为盈利和景气驱动。投资者情绪预期将保持偏乐观的方向。　　具体操作上，本基金将继续在行业中性的框架内坚持自下而上精选个股的投资策略，在控制指数跟踪误差的同时力争为持有人创造更多的超额收益。","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1250412","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb0526843","date":"2024-09-29T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，随着9月底多重利好政策的刺激，A股市场完成了显著的V型反弹，投资者情绪从前期悲观迅速转向，市场成交量放大，沪深主要宽基指数均创年内新高，上证综指从底部反弹至3336点，今年累计收益超12%，三季度最后一个交易日更是大涨超过8%，全市场成交额突破2.6万亿元，市场交易极度活跃。从整个三季度看，近3年跌幅较大资产反弹幅度更大，创业板指、北证50和科创板50等指数上涨均在20%以上，而前期波动更小，防御属性的资产如红利指数等则反弹幅度偏低。　　从宏观层面看，此次A股市场的反弹超前于政策面的执行与基本面的改善，反弹起点开始于三部委联合发布会，一揽子超预期政策的出台，强势表明了政策方向和力度的转向，从而扭转了前期相对悲观的市场情绪和预期。从宏观经济数据来看，中国制造业PMI指数仍在50%分位下徘徊，预计9月CPI同比延续上升但PPI延续下降，整体经济活动在低位探底，静候政策逐步落地对经济动能的刺激和恢复。与此同时，在股票资产快速反弹的同时，10年期国债到期收益亦从2.03%附近上行至2.15%，体现出对经济增长恢复预期的变化。　　股票市场结构方面，与前两个季度形成反差，并且差异主要在9月下旬完成，从9月初的市场表现来看，投资者仍处于谨慎情绪中，以防御为主的资产表现突出。风格层面，成长风格显著跑赢价值风格，其中创业板和科创板资产反弹更高。行业方面，非银行金融、房地产、商贸零售、社会服务和计算机等表现靠前，而煤炭、石油石化、公用事业、农业和银行等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，维持偏低跟踪误差，以获取超额收益为核心。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.916Z","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1178488","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb0526842","date":"2024-06-29T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，上证综指收盘2967.4，年初以来基本持平，但比较而言，大部分宽基指数下跌更深，赚钱效应较弱，其中成长型和小市值资产下跌最大，创业板指数下跌接近11%，中证2000指数下跌超过23%。与此同时，红利指数表现一枝独秀，中证红利指数上涨超过7%。风格分化演绎至极端，创近3年新低的股票数量明显上升，但同时有超过几百只股票创出新高。市场从去年哑铃型两端上涨演变成单边的极端防御策略占优，而去年表现优异的小微盘资产在流动性冲击下，回撤较大，并录得较大跌幅。从上半年市场的结构差异和变化来看，投资机会依旧稀缺，在增量资金有限的情况下，不同板块间的资金流动成为驱动市场走势的一个核心因素。　　从宏观角度看，当前宏观经济正进入去杠杆和消化多余产能的阶段，并且从过去地产驱动繁荣的阶段逐渐走向高质量发展的未来，资本回报面临下行趋势，也体现为上市公司盈利增速变缓、投资回报下降和债券资产牛市的特征。上半年来看，经济整体处于窄幅区间波动，生产端走高后有所回落，比如PMI从年初的49.2上升至50.8又下降至49.5，价格端则逐渐企稳回升，PPI当月同比从-2.7%上升到-0.8%。从结构上看，生产强于消费，外需强于内需。背后与逆周期调节政策发力，守住不发生系统性风险有一定关系。而从资金成本看，10年期国债收益率从2.55%，一路下行至2.20%附近，体现出很强的资产荒下的资金配置需求。　　股票市场结构方面，风格上，大市值价值类和红利资产表现偏好，赛道资产的表现依旧较差，同时，大市值显著强于小市值。行业方面，银行、煤炭、公用事业、家用电器和石油石化等涨幅居前，综合、计算机、商贸零售、社会服务和传媒等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，以获取超额收益为核心。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.913Z","mo":"展望未来，我们认为宏观经济整体仍会呈现温和改善的格局，目前，结构上生产强于需求、内需弱于外需的分化格局，预计将在未来一段时间内延续，随着价格因素的逐渐回升，在这一背景下，上市公司盈利有望延续前两个季度改善的趋势，但边际改善动能会逐渐变缓，维持大盘指数震荡格局概率较大。因此，从总量维度看，细分结构上的差异仍是我们映射到股票市场选股的主要线索。　　相比于经济层面，在监管维度对资本市场的改变更为具体。以国九条为标志的严监管和资本市场高质量发展政策，将会对中长期A股市场风格特征和投资者的投资方法和选股标准带来较为长远的影响，在加速劣质资产出清的同时，为主要宽基指数提供估值扩张的可能。　　具体操作上，本基金将继续在行业中性的框架内坚持自下而上精选个股的投资策略，在控制指数跟踪误差的同时力争为持有人创造更多的超额收益。","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDat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,{"_id":"69aed1f97fea5b3eb052683f","date":"2023-09-29T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，A股市场延续二季度偏弱的格局，上证综指录得约3%的跌幅，指数呈现前期上涨后期回调的走势，并且上涨阶段集中于7月，主要得益于政治局会议明确加码对经济的逆周期调节力度，随后市场逐渐转向对经济探底的悲观情绪以及对政策持续超预期的博弈之中，伴随市场走势偏弱的同时，市场成交额有显著性下降，整体情绪相对谨慎。在此期间，红利资产表现一枝独秀，上证红利指数上涨约2%，而科技与成长资产回调幅度较大，科创50以及创业板指数等回撤在10%附近，投资者转向防御性操作。　　宏观层面，三季度处于偏弱的经济现实和刺激政策密集出台以及宽松的货币政策与偏强的美元指数和国债利率的拉锯之中。随着7月政治局会议拉开本轮稳增长的序幕，稳经济重回政策中心，特别是围绕房地产和消费密集出台各类刺激性政策，在逆周期政策持续发力的背景下，除地产投资维持疲弱外，基建与制造业投资均出现改善，商品消费回升，服务消费高位增长。9月制造业PMI增加到50.2%，重回扩张区间，连续4个月企稳，显示经济内生动能的恢复和改善，商品期货和国债利率亦出现同类走势。但在经济基本面已出现企稳迹象的同时，市场仍维持低估值与低迷的状态，一方面十年期美债利率持续上行，突破4.7%，人民币汇率贬值压力增加，压缩国内货币政策空间，引发投资者对经济企稳的中期维度的担忧，与此同时，全球配置资金短期流出国内股票市场，对优质资产表现形成压制，资金行为放大悲观情绪，估值始终维持偏低水平。整体来看，多种宏观因素持续作用，投资者在防御与政策刺激的边际改善方向上寻找资产，使得周期类资产表现突出。　　股票市场结构方面，大盘资产好于小盘资产，并且价值资产好于成长资产，宽基指数中上证50表现较好。风格层面，大盘价值和中盘价值表现最佳。行业方面，非银金融、煤炭、石油石化和钢铁等表现靠前，电力设备、传媒、计算机和通信等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，维持偏低跟踪误差，以获取超额收益为核心。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.905Z","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=982946","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb052683e","date":"2023-06-29T16:00:00.000Z","stockId":3000000016776,"sao":"报告期内，A股市场区间震荡，上证综指录得约3.6%涨幅，震荡上行主要集中于5月前，进入5月后，指数回吐部分收益。分化依然是过去半年市场的核心特征，宽基指数收益首尾相差16%左右，与此同时，资金博弈显著加剧且短期交易策略活跃，热点持续赚钱效应偏弱，助推风格切换的快速完成，形成资金流动下的板块轮动，在缺乏趋势性的增量资金背景下，主导了今年以来A股市场的主要行情和波动。　　上半年作为疫后经济活动正常恢复的开始，呈现出前高后低的复苏特征。前期，在信贷、基建以及消费回升的共同作用下，各项经济指标呈现强反弹趋势，10 年期国债利率明显震荡上行，触及2.95%附近高点，市场主线围绕强复苏预期与强经济现实展开。进入3月后，投资者对经济修复逐渐产生分歧，并逐渐降低经济增长预期的强度，期间伴随PMI的先上升后下降，并维持在50下方，作为增长亮点的出口增速也在6月逐渐下行，股票市场整体在重新锚定和定价经济复苏。资金在存量博弈下，逐渐形成主题投资的偏好，并加速短期交易的极致表现，与此同时，有着产业趋势利好与变革，远期空间较大的人工智能产业链以及低估值、高分红和低波动的防御性资产中特估，在这个背景下，形成了哑铃的两端，在上半年表现较为亮眼。　　股票市场方面，在主要宽基指数中，国证2000、中证1000以及红利等指数靠前，而创业板50、创成长以及上证50等则跌幅较大。风格上，价值类、红利资产以及超小市值资产表现偏好，赛道资产的表现相对偏差，同时，中小盘股强于大盘股。行业方面，通信、传媒、计算机、机械和电子等涨幅居前，商贸、房地产、建筑、农业和食品饮料等则表现靠后。　　本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，以获取超额收益为核心。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.902Z","mo":"宏观角度看，在长期政策保持相对稳定、房地产调控大方向不动摇以及居民资产负债表修复需要时间的背景下，预期逆周期调节政策会持续发力，并且政策对经济的效果将依然是以稳定经济增长和预期为主。　　展望未来，股票市场的估值体现了较为悲观的经济增长预期，并将问题短期化和情绪化，随着经济复苏动能的驱动，企业端利润有望企稳回升，带动股票市场估值与风险偏好的修复，预期市场呈现指数区间震荡，板块结构性机会为主的特征。　　在经济弱复苏的背景下，较难展望上市公司盈利的强弹性，且考虑到当前市场增量资金有限，博弈环境短期难以改变，结构性机会可能较为多元化。细分方向上，一方面沿着超跌反弹的角度，在前期机构重仓且被资金轮动错杀较多的中长期成长板块中选择估值成长性价比较高的资产，与此同时，有着较大成长空间的新兴行业和板块，在前期主题投资热潮过去，盈利端逐渐开始显现分化的阶段，部分资产增长的确定性会更为清晰。　　本基金将继续在行业中性的框架内坚持自下而上精选个股的投资策略，在控制指数跟踪误差的同时力争为持有人创造更多的超额收益。","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=955143","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed1f97fea5b3eb052683d","date":"2023-03-30T16:00:00.000Z","stockId":3000000016776,"sao":"A股市场在一季度小幅上涨，上证综指录得约6%的涨幅，科创指数和中证1000等指数领涨，而创成长以及上证50等则表现偏差。整体来看，一季度市场波动明显变大，受ChatGPT概念影响，AI等相关资产在短期迅速上行，与此同时，存量资金的格局未发生显著变化，高景气的锂电新能源板块继续偏弱的态势，并随着资金的撤离而持续回调。    从宏观层面看，一季度宏观经济弱复苏，而流动性边际宽松,叠加风险因素边际缓和，股票市场呈现强劲反弹后的震荡格局，同时存量资金环境下，市场频繁受到政策和产业事件催化，在选择过程中，投资者避开主流机构重仓资产，如新能源、医药和消费等，对数字经济和央企重估迅速形成一致预期，成交热度和成交量持续回升，资金虹吸效应明显。尽管以ChatGPT为代表的AI应用的巨大进步会带来产业机会以及央企估值回升可能是较长主线，但短期过于一致的预期、交易情绪与资金带来的板块之间的巨大分化，一定程度上表明交易拥挤下的市场脆弱性在累积短期风险，后续市场波动率可能维持在相对高位。    股票市场方面，中小盘资产好于大盘资产，价值资产略好于成长资产，大类风格中，中盘价值和小盘成长表现最佳。行业方面，计算机、传媒、通信和电子等表现靠前，房地产、商贸零售、银行和电力设备等则表现靠后。    本基金主要利用全市场多因子选股模型，在保持对基准指数紧密跟踪的前提下力争实现对基准指数长期超越。报告期内，基金保持仓位稳定，适度降低跟踪误差，以获取超额收益为核心。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:58:17.899Z","fund":{"_id":3000000016776,"__csrcFundId":11944,"stockCode":"016776","shortName":"嘉实中证1000指数增强发起式(016776)","masterFundShortName":"嘉实中证1000指数增强发起式","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":16776,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-08T17:15:19.107Z","status":"normal","exchange":"jj","fundCollectionId":4000050080000,"name":"嘉实中证1000指数增强型发起式证券投资基金","inceptionDate":"2022-12-05T16:00:00.000Z","followedNum":5,"setUpDate":"2022-12-05T16:00:00.000Z","setUpAssetScale":11384017.96,"setUpShares":11384017.96,"pinyin":"jszz1000zszqxfqszqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20544007","stockType":"fund_manager","exchange":"fm","tickerId":120312175850,"name":"龙昌伦"}]},"announcement":{"linkText":"嘉实中证1000指数增强型发起式证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=881330","linkType":"PDF","source":"csrc_pdf"}}]}