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俗表现；风格上看，金融股和小盘股表现较好。随着权益市场赚钱效应不断积累，场外资金入市的动力越来越强。基金投资运作方面，报告期内，本基金在做好跟踪标的指数的基础上，认真应对投资者日常申购、赎回等工作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:46.801Z","mo":"2025年下半年，经济在内需、投资、外贸方面还面临一定的不确定性，但政策上的积极性能够对此发挥好的对冲作用。一是财政支出节奏在下半年或逐步提速，特别是基础设施投资有望得到托底。二是货币政策依旧有空间，在“适度宽松”的总基调下，央行可能继续降息，引导市场利率下行，降低企业融资成本；另一方面，结构性货币政策聚焦科技创新、促进消费、支持民营企业等，着重补强经济结构短板。国内经济的稳定增长是影响股市表现的主要因素之一，随着宏观政策效力持续显现，A股和港股的上涨基础不断夯实。另一方面，当前A股和港股整体估值仍处于较低水平，再加上前半年权益市场上涨带来的情绪改善，下半年A股和港股的走势依然值得期待。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000017573,"__csrcFundId":12596,"stockCode":"017573","shortName":"华夏中证机床ETF发起式联接(017573)","masterFundShortName":"华夏中证机床ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17573,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-01T01:21:51.519Z","status":"normal","exchange":"jj","fundCollectionId":4000050030000,"name":"华夏中证机床交易型开放式指数证券投资基金发起式联接基金","inceptionDate":"2023-05-11T16:00:00.000Z","setUpDate":"2023-05-11T16:00:00.000Z","setUpAssetScale":10213680.7,"setUpShares":10213680.7,"pinyin":"hxzzjcjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"indexId":1000000931866,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"managers":[{"stockCode":"db20809077","stockType":"fund_manager","exchange":"fm","tickerId":1906219920,"name":"司帆"}]},"announcement":{"linkText":"华夏中证机床交易型开放式指数证券投资基金发起式联接基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1347201","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2527fea5b3eb052c1f0","date":"2025-03-30T16:00:00.000Z","stockId":3000000017573,"sao":"本基金跟踪的标的指数为中证机床指数，基金业绩比较基准为：中证机床指数收益率×95%+人民币活期存款利率（税后）×5%。中证机床指数从沪深市场中选取50只业务涉及机床整机及其关键零部件制造和服务的上市公司证券作为样本，以反映机床产业上市公司证券的整体表现。本基金通过交易所买卖或申购赎回的方式投资于目标ETF（华夏中证机床交易型开放式指数证券投资基金），从而实现基金投资目标，基金也可以通过买入指数成份股来跟踪标的指数。一季度，宏观经济实现开门红，各主要方向都不乏亮点。2025年前两个月社零同比增速4%，高于去年12月和去年全年，体现了消费边际走强的良好态势，随着政策对消费端的刺激不断加深，2025年全年社零增速中枢有望得到抬升；固定资产投资同比增速4.1%，也超过了去年全年增速，其中房地产投资增速-9.8%，下降速度较2024年有所收窄；以美元计价的出口同比增速2.3%，出口规模亦创近年来新高。一季度，市场面临的政策环境依旧友好。3月18日央行例会上建议加大货币政策调控强度，提高调控的前瞻性、针对性和有效性，并依据国内外经济金融形势，适时考虑降准降息。政策环境友好叠加当前的经济复苏前景，2025年A股和港股资产有望获得较好收益。基金投资运作方面，报告期内，本基金在做好跟踪标的指数的基础上，认真应对投资者日常申购、赎回等工作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:59:46.799Z","fund":{"_id":3000000017573,"__csrcFundId":12596,"stockCode":"017573","shortName":"华夏中证机床ETF发起式联接(017573)","masterFundShortName":"华夏中证机床ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17573,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-01T01:21:51.519Z","status":"normal","exchange":"jj","fundCollectionId":4000050030000,"name":"华夏中证机床交易型开放式指数证券投资基金发起式联接基金","inceptionDate":"2023-05-11T16:00:00.000Z","setUpDate":"2023-05-11T16:00:00.000Z","setUpAssetScale":10213680.7,"setUpShares":10213680.7,"pinyin":"hxzzjcjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"indexId":1000000931866,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"managers":[{"stockCode":"db20809077","stockType":"fund_manager","exchange":"fm","tickerId":1906219920,"name":"司帆"}]},"announcement":{"linkText":"华夏中证机床交易型开放式指数证券投资基金发起式联接基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271674","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2527fea5b3eb052c1ef","date":"2024-12-30T16:00:00.000Z","stockId":3000000017573,"sao":"本基金跟踪的标的指数为中证机床指数，基金业绩比较基准为：中证机床指数收益率×95%+人民币活期存款利率（税后）×5%。中证机床指数从沪深市场中选取业务涉及机床整机及其关键零部件制造和服务的上市公司证券作为样本，以反映机床产业上市公司证券的整体表现。本基金通过交易所买卖或申购赎回的方式投资于目标ETF（华夏中证机床交易型开放式指数证券投资基金），从而实现基金投资目标，基金也可以通过买入指数成份股来跟踪标的指数。2024年我国实际GDP同比增长约5%，顺利实现年初制订的整体目标，显示了我国宏观经济稳中有进的良好态势和较强韧性，全年经济增速呈现U型走势，一四季度增长较快，二三季度相对放缓。结构上，消费是今年经济增长的最大拉动因素，对GDP增速拉动2.2个百分点，外贸和资本形成分别拉动1.5和1.3个百分点。边际上，今年特别是三四季度出台的一揽子稳增长政策效果不断显现，四季度和12月的主要经济数据都呈恢复态势，价格也有一定改善。2024年市场面临的政策环境比较友好。美联储年内不断降息，国内货币宽松的空间进一步加大，资产价值重估持续实现。国内政策上，继三季度末央行、金管总局和证监会在国新办新闻发布会上关于金融支持经济高质量发展的相关政策措施表述后，12 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