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转型期”的挑战。体现在投资上的影响是，我们会看到原有的旧产业在收缩期会遭遇业绩波动的风险，引发估值体系的变化，以及旧的定价规律的失效，这也是我们在进行历史量化建模时需要注意的。同时，新崛起的产业也孕育着更丰富的投资机会，体现在行业配置上，我们特别注重挖掘在电子、机械设备、基础化工、医药生物行业中的小盘成长公司的投资机会。我们希望从基本面选股逻辑出发，在被主流投资市场疏漏的小盘领域选择质地优秀的公司，借助量化模型的高效率来实现价值发现的功能。并且在持股的过程中，陪伴小盘股成长。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:38.451Z","mo":"宏观经济方面，经济整体处于向好趋势中。年初M1同比高增长，新增社融符合市场平均预期，政府债融资同比明显改善。2024年全国GDP目标增速在5%左右，地方稳增长压力依旧，因此PSL投放支持“三大工程”的政策效果值得跟踪观察。  证券市场方面，促进资本市场平稳健康发展政策频出，一方面是强调宏观政策取向一致性，加强了协调配合。二是推动中长期资金入市。三是提高上市公司质量和投资价值。同时，当前各个指数都处于历史估值的底部区域，中长期投资的回报空间值得乐观。  展望2024年，我们看好宏观经济的温和复苏，经济增长的驱动力转向创新驱动，体现了我国高质量发展的要求，在这种环境下，人工智能、新能源产业技术升级、工业自动化等新兴产业的活跃度高于传统周期产业。","fund":{"_id":3000000017919,"__csrcFundId":12347,"stockCode":"017919","shortName":"中欧中证1000指数增强A","masterFundShortName":"中欧中证1000指数增强A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17919,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-10T17:08:23.309Z","status":"normal","exchange":"jj","fundCollectionId":4000050570000,"inceptionDate":"2023-03-01T16:00:00.000Z","name":"中欧中证1000指数增强型证券投资基金","followedNum":7,"setUpDate":"2023-03-01T16:00:00.000Z","setUpAssetScale":754558392.41,"setUpShares":754558392.41,"pinyin":"zozz1000zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20829239","stockType":"fund_manager","exchange":"fm","tickerId":172520223870,"name":"钱亚婷"},{"stockCode":"j101020150","stockType":"fund_manager","exchange":"fm","tickerId":1920254530,"name":"宋婷"}]},"announcement":{"linkText":"中欧中证1000指数增强型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1057568","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2867fea5b3eb052ea63","date":"2023-09-29T16:00:00.000Z","stockId":3000000017919,"sao":"回顾三季度，随着一系列宏观调控政策不断落地，实体部门逐渐回暖，制造业PMI连续3个月改善，并在9月到达扩张区间，国内企业生产经营活动回升向好。非制造业PMI连续处于荣枯线上方，反映了消费和服务业的景气复苏延续。传统顺周期方面，购买首套房贷款“认房不用认贷”政策推出后，二手房成交量略微转暖，但还未传导到房地产销售和新开工数据上，因此上游资源品需求不足，PPI相对较弱，有利于中游制造业复苏和战略新兴产业的表现。展望未来一个季度，我们对经济进一步企稳向好保有信心。本基金是以中证1000指数为基准的指数增强产品，对标基准在行业上保持了相对均衡配置，跟踪误差控制在合理范围内。我们看好中证1000指数为代表的小盘风格，这是因为从宏观角度来看，当前经济还未全面复苏，宽松的货币环境不会改变，同时PPI位置较低，利好有投资扩产需求的小盘成长股。从产业微观角度来看，我国的经济发展处于新旧产业逐步切换的过程中，在战略新兴产业的各环节中，有许多细分赛道存在国产替代或者渗透率提升的投资机会。我们的投资方法是以企业未来一个季度到一年的业绩为抓手，是基本面逻辑驱动叠加数据赋能的投资方式。在三季度里，我们遵循基本面量化的选股思路，重点在机械设备、计算机、基础化工、汽车及零部件行业进行深入研究。这些行业在PPI下行、制造成本降低的过程中，毛利率有修复的预期，同时叠加库存周期的需求端改善，因此基本面改善空间较大。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:38.448Z","fund":{"_id":3000000017919,"__csrcFundId":12347,"stockCode":"017919","shortName":"中欧中证1000指数增强A","masterFundShortName":"中欧中证1000指数增强A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17919,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-10T17:08:23.309Z","status":"normal","exchange":"jj","fundCollectionId":4000050570000,"inceptionDate":"2023-03-01T16:00:00.000Z","name":"中欧中证1000指数增强型证券投资基金","followedNum":7,"setUpDate":"2023-03-01T16:00:00.000Z","setUpAssetScale":754558392.41,"setUpShares":754558392.41,"pinyin":"zozz1000zszqxzqtzjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"indexFundFlag":1,"indexId":1000000000852,"managers":[{"stockCode":"db20829239","stockType":"fund_manager","exchange":"fm","tickerId":172520223870,"name":"钱亚婷"},{"stockCode":"j101020150","stockType":"fund_manager","exchange":"fm","tickerId":1920254530,"name":"宋婷"}]},"announcement":{"linkText":"中欧中证1000指数增强型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=993272","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2867fea5b3eb052ea62","date":"2023-06-29T16:00:00.000Z","stockId":3000000017919,"sao":"回顾上半年，市场先扬后抑，波动加剧。在宏观经济实现恢复性增长的背景下，各行业景气程度较为分化。非制造业PMI连续处于荣枯线上方，反映了消费和服务业的景气复苏强于制造业。在我国产业结构转型，高质量发展的大背景下，对于经济刺激的政策比较克制，没有进行大规模的低效投资，因此上游资源品需求不足，PPI相对较弱，财政政策相对更加向战略新兴产业倾斜。展望下半年，我们当前的观点是“聚焦实业复苏，在短期波动中逢低布局”。  本基金是以中证1000指数为主要基准的指数增强产品。上半年里，我们按照“在小市值里寻找未来有业绩增长潜力，同时目前没有得到市场的充分认知的公司“的选股思路，重点在机械设备、医药生物、基础化工行业进行深入研究，但视野并不拘泥于这几个行业。我们在不同行业里用多个逻辑链条进行选股，一是关注前两年受到客观因素业绩下滑，今年恢复性增长的机会；二是寻找子赛道处于周期底部，供给存在出清，格局变优的机会；三是筛选存在技术优势，具有国产替代空间或者符合新产业发展的机会。  投资操作层面，我们在成立后的两个月内稳步提升到满仓，交易时会充分考虑个股的流动性因素，当申购金额较大而流动性较差时用股指期货多单进行补仓来降低冲击成本。我们的投资方法是以企业下半年到一年的业绩为抓手，希望赚的是业绩持续景气，或者业绩的反转超过了市场预期，而带来的股价上涨的收益。是基本面逻辑驱动叠加数据赋能的投资方式。我们希望从基本面选股逻辑出发，在被主流投资市场疏漏的小盘领域选择质地优秀的公司，借助量化模型的高效率来实现价值发现的功能，并且在持股的过程中，陪伴公司成长。同时，我们加深了行业和个股基本面的研究深度，这有利于我们进一步提高投资的集中度。目前我们的投资分散程度跟传统量化策略比较相似，相比于主动基金还是过于分散。因此，在更深入理解基本面的基础上，提高投资的集中度，才能进一步提高超额收益的锐度。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:38.445Z","mo":"展望下半年，我们认为宏观经济可能会维持“弱复苏“的趋势，在权益资产中我们相对看好小盘成长风格。从历史复盘来看，大小盘风格和经济复苏的强度以及主导复苏的产业较为相关。当经济强劲复苏、传统产业主导的时期，大盘风格相对更加占优；当经济弱复苏、新兴产业技术进步较快时小盘风格相对更加占优。当前时期，经济复苏力度较弱，同时人工智能、新能源产业技术升级、工业自动化等新兴产业的活跃度高于传统周期产业，货币政策较为宽松，在这种宏观环境下我们认为小盘风格可能会更加占优，也更受益于经济转型、高质量发展的产业支持政策。","fund":{"_id":3000000017919,"__csrcFundId":12347,"stockCode":"017919","shortName":"中欧中证1000指数增强A","masterFundShortName":"中欧中证1000指数增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