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年美联储主席更替在即，海外流动性预期或仍将宽松，在中期选举压力下，特朗普或继续对美联储施压。在流动性充裕及增量资金支撑，股市全年有望迎来不错表现。基于此，本基金将采用量化方式，通过估值、成长、技术面等因子，挑选中小市值且具有成长质量的股票。在做好流动性管理的同时，做好风险监控，纪律操作，力求获取相对指数长期稳健的超额收益。","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动混合型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1457656","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb0532933","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000018549,"sao":"需求方面，我们判断海外宏观需求不确定性依然较大，而国内可能会出现消费刺激政策，加上地产的触底，大概率会有需求端的整体弱反弹。供给方面，中国大部分行业产能投产接近中后期，即供给确定性见底。整体的全面复苏依然需要等待。流动性方面，在美元整体走弱的背景下，全球流动性有望持续向好，如果PPI能提前见底，国内市场有望估值与业绩齐升。当前市场实际上已经确定了流动性行情的趋势，除非全球宏观基本面发生重大变化（金融危机等），否则趋势不会轻易逆转。在这样的背景下，需要重视趋势向上的行业（会迎来戴维斯双击），以及受估值流动性较大的行业。综上，针对以上的背景，本基金改变了过去主观选股的方法，采用量化的方式去选择趋势向上及估值受流动性影响较大的行业与公司。从8月中旬开始，本基金在中小市值板块中，优化了量化选股的方法，聚焦相关产业链公司，以求拟合出走势相关的配置产品。2025年三季度，沪深300指数上涨17.9%，上证指数上涨12.73%，创业板指数上涨50.40%，恒生指数上涨11.56%。","lastUpdated":"2026-03-09T14:01:38.563Z","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动混合型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1377998","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb0532932","date":"2025-06-29T16:00:00.000Z","stockId":3000000018549,"sao":"海外方面，一季度美国市场开始交易衰退，其地产景气度与利率罕见同时下行，二季度以来，利率稳定的情况下，海外实际需求进一步下行，房价与进口量均持续下行。美国失业率已经连续13个月在4.0%至4.2%区间波动，外需将进入下行周期，同时，降息周期与弱美元周期开启。国内方面，情况明显好于海外。内需方面，地产拖累边际减弱。2025年1季度的宏观需求，PMI、PPI等经济数据均比较稳定。而二季度受外需冲击，经济景气度略有下滑。供给方面，国内各类顺周期制造业公司的投产已经到了中后期，供给压力也有所减少。综上，针对以上的背景，一方面，本基金依然高度关注景气度上行的资产，积极寻找底部反转标的。另一方面，由于国内外利率的下行，本基金开始关注成长股，尤其是各类主题投资的机会。2025年上半年，沪深300指数上涨0.03%，上证指数上涨2.76%，创业板指数上涨0.53%，恒生指数上涨20.00%。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.560Z","mo":"国内，供给端，当前依然在消化过剩产能，但大部分行业已经完成了产能集中投放的阶段，未来新增产能极其有限；需求端，随着地产行业的触底，需求再明显下行的可能性不大，总体需求将以平稳为主。海外，大部分产能，尤其是以化工为主，继续向中国转移（以海外关厂，国内新投产能的形式实现）。而海外需求依然萎靡，或具有衰退的风险。基于此，我们认为：1.考虑到衰退的可能，外需强相关的行业和公司可能有较大风险。2.当前处于经济的筑底阶段，这个阶段有可能会有一部分企业承受不住经营压力而破产清算，龙头企业盈利中枢有可能因为产能持续投放带来的压力而业绩中枢下行。但也会有一部分企业已经消化了前几年投产的产能，形成了明显的底部，甚至通过扩张产品品类/开拓客户/跨业等手段率先复苏。3.在经济筑底阶段，货币相对宽松，国内利率会持续维持在较低水平，而海外利率将长周期趋势性下行。基于以上的判断，在配置方面：1.积极寻找各行业中底部反转的公司。以化工为主要的关注方向。2.低利率或将带来成长股的机会，并会以主题投资的形式表现出来，积极寻找未被充分认知的主题性机会（如深海科技、AI应用）或已经形成共识的主题中未被挖掘的个股。","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动混合型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1350289","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb0532931","date":"2025-03-30T16:00:00.000Z","stockId":3000000018549,"sao":"海外方面，一季度美国市场开始交易衰退，其地产景气度与利率罕见同时下行。同时，各国关税保护初现苗头，例如钛白粉、香兰素等各个行业关税出现了较为明显的提高。虽然海外市场的需求与政策不确定性增加，但美元升值周期、美债利率上行周期基本结束，外部压力有所降低。国内方面，市场明显好于海外。内需方面，2024年，地产逐步触底，地产不再拖累2025年Q1的宏观需求，PMI、PPI等经济数据均比较稳定。供给方面，国内各类顺周期制造业公司的投产已经到了中后期，供给压力也有所减少。这些对经济复苏带来了正向影响。而估值层面，2024年底到2025年初，中国在科技和军事方面多项重大突破，中国科技资产重估迎来契机。综上，针对以上的背景，本基金一季度核心配置的方向首先避开外需强相关的股票，同时结合行业供需周期的变化，大幅降低了相关机械制造、基础化工的仓位。考虑到行业景气度的变化，增加了军工、电力设备等公司的持仓。2025年一季度，沪深300指数下跌1.21%，上证指数下跌0.48%，创业板指数下跌1.77%，恒生指数上涨15.25%。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.557Z","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动混合型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1274330","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb0532930","date":"2024-12-30T16:00:00.000Z","stockId":3000000018549,"sao":"国内方面，回望2024年，上半年国内市场保持政策定力，下半年以9月24日国新办“金融支持经济高质量发展”一系列重大利好政策出台作为重大拐点标志，政策强度超出市场预期。随后，一揽子增量政策加快落地，财政、货币等总量政策工具，配合扩内需、稳地产、稳外贸等结构性工具加码，推动市场情绪快速回暖。12月份的政治局会议提出要实施适度宽松的货币政策。这是2011年以来，首次将货币政策定调为“适度宽松”。在2024年底的中央经济工作会议中，明确表述要在2025年提高财政赤字率。整体的宏观政策，迈向了更加明显的宽松。国外方面，2024年美国经济表现超出经济学家预期，答案或在于美国消费者。尽管劳动力市场的招聘步伐放缓，但美国薪资增长速度继续超过通货膨胀率，家庭财富也跟随屡创新高的美国股市创下新纪录，这支撑了美国家庭支出的持续强劲扩张。美联储官员们2024年选择将利率下调1个百分点，以缓解经济压力，但美联储主席杰罗姆•鲍威尔等官员近期表示，在2025年进一步降息之前，美联储的官员们需要看到抗击通胀方面取得更多积极进展。因此，降息周期节奏具有不确定性。而2024年内大选结果落定，特朗普再次担任美国总统，地缘政治格局持续博弈，其上任后的经济政策将显著加大未来市场不确定性。综上，2024年海外的不确定因素远多于国内。2024年全年各指数涨跌幅层面：上证指数涨幅12.67%，深证指数涨幅9.34%，创业板指数涨幅13.23%，科创50涨幅21.07%，沪深300指数涨幅14.68%。过去的2024年，在综合考虑到宏观基本面的不确定性后，本基金的核心关注方向主要集中在核心资产，即在充分研究国内优势龙头企业的竞争优势后，我们在核心资产中重点关注有明显比较优势、不惧制裁或加关税、供需关系持续向好且景气度确定性较高的方向：机械制造、基础化工、轻工制造等。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.554Z","mo":"一方面，2025年我们判断无论是全球还是国内的宏观经济，依然具有较大不确定性。针对这种不确定性，本基金将综合各个细分行业，充分结合其供需关系，挖掘景气度上行的行业及公司，以及能在行业景气度底部持续扩张的核心资产。另一方面，经过过去2年产业发展，硬件端，人工智能在其涉及到的各个子行业与对应的公司开始逐步有收入与利润的兑现。而应用端，随着Deepseek的横空出世，越来越多的人工智能应用有望快速落地。因此，我们认为，人工智能相关的投资，已经逐步从主题投资转变为产业趋势投资与价值发现。在未来的10年内，人工智能技术大概率会像2000年的互联网技术革命、2010年的移动互联网技术革命一样，深刻地改变人类社会的生产关系并且渗透到人们生活的各个角落。在这个过程中，技术的不断迭代、应用的不断创新都将会带来非常多投资机会。综上，2025年，本基金除了聚焦核心资产外，还会重视人工智能相关的投资，深入跟踪与挖掘相关硬件技术、产业链认证、端侧与应用的变化。","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动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=1255109","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb053292f","date":"2024-09-29T16:00:00.000Z","stockId":3000000018549,"sao":"国内宏观方面，今年5月以来PMI指数均在荣枯线下，而居民消费价格指数增速在4-5月均在+0.5%以下，制造业与终端消费表现都较为平淡。但三季度政策上有显著的变化，货币、消费、地产等等各种刺激政策频出，明显扭转了市场对未来经济的预期，虽然终端数据显示暂时没有明显的改善，但市场信心已经有所修复。海外宏观，流动性方面，虽然美联储开启了降息周期，但未来通胀的反复大概率会影响降息的节奏，因此，降息时间点与节奏有一定不确定性。需求方面，美国就业市场出现拐点，居民端的储蓄率、可支配收入等均出现了明显的下行，部分海外投资者开始交易衰退的预期。而如果未来持续降息，那么，一方面，降息会带来海外地产底部回暖，而另一方面，降息给财政足够的刺激空间。因此，海外是否会发生衰退也具有较大的不确定性。三季度权益市场行业层面：行业层面全面上涨（31个行业均上涨）。行业涨跌分化较为严重，3个行业大幅上涨 30%以上（非银、地产、综合），5个行业涨幅在20%以上（商贸零售、社会服务、计算机、传媒、电力设备），均集中在政策直接利好板块与超跌板块。各指数涨幅层面：上证指数涨幅+12.44%，深证指数涨幅+19.00%，创业板指数涨幅+29.21%，科创50涨幅+22.51%，沪深300指数涨幅+16.07%。综上，为了应对国内频出的政策，本基金三季度末略微调整了配置方向，小幅增加了券商、消费、地产、医药等相关行业的配置。但考虑到当前宏观基本面的不确定性，本基金的核心配置的方向主要集中在核心资产，即在充分研究国内优势龙头企业的竞争优势后，我们在核心资产中选取有明显比较优势、不惧制裁或加关税、供需关系持续向好且景气度确定性较高的方向：机械制造、基础化工、轻工制造等。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.552Z","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动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=1177632","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb053292e","date":"2024-06-29T16:00:00.000Z","stockId":3000000018549,"sao":"海外宏观方面，由于海外降息预期、财政支出、超额储蓄以及贸易商担心共和党总统候选人上台加征关税而提前囤货补库等等因素的影响下，外需维持较好的水平。与此同时，上半年全球出现了各国右倾的趋势，欧洲、巴西、印尼等等地区国家纷纷加征关税。这与上半年化工行业频繁出现的企业破产有一定的关系，国内优势的制造业龙头企业凭借极其明显的管理优势、规模优势、一体化优势不断地扩张产能，并挤占竞争对手的生存空间，导致了竞争对手被迫持续的退出市场。各国开始通过加征关税的方式，保护自身的产业。国内宏观方面，5月与6月PMI指数均在荣枯线下，而居民消费价格指数在4~5月均在+0.5%以下，制造业与终端消费表现都较为平淡。虽然地产的刺激政策频出，但终端数据显示暂时没有明显的改善。总体来说，上半年宏观需求外强内疲。监管环境方面，也有较为明显的变化。ST股退市潮、新国九条等因素导致了2024二季度微小盘股出现了两次暴跌。由于有壳资源价值与主题价值，因此很多中小盘股票估值都明显高于同行的核心资产。但在强监管的环境下，壳资源价值与主题价值均受损。上半年权益市场行业层面：行业层面跌多涨少（8个行业上涨，23个行业下跌）。行业涨跌分化较为严重，3 个行业上涨 10%以上（银行、煤炭、公共事业），均集中在高分红的板块。跌幅在 10%以上的板块有19个，其中跌幅在20%以上的有7个（综合、计算机、商贸零售、社会服务、传媒、生物医药、房地产）。各指数涨幅层面：上半年上证指数涨幅-0.25%，深证指数涨幅-7.10%，创业板指数涨幅-10.99%，科创50指数涨幅-16.42%，沪深300指数涨幅+0.89%。综上，针对以上的背景，本基金上半年核心配置的方向首先避开微小盘股。其次，同时考虑到国内优势龙头企业的优势、扩张趋势与海外的右倾趋势后，我们在核心资产中选取有明显比较优势、不惧制裁或加征关税、供需关系持续向好且景气度确定性较高的方向：机械制造、有色、石油石化等。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.549Z","mo":"我们可以把全球社会经济运行拆分成三个部分：上游资源、中游制造、下游消费。从产业逻辑来看，在总体需求不出现巨幅下跌的情况下，上中下游哪个环节供给缺口越大，利润就会向哪个环节集中。因此，在当下的经济环境下，供给越是不足的行业景气上行的确定性越高。未来一个季度，我们依然坚持这一判断，对供给受限的行业重点研究与配置，如有色、石油石化、部分机械制造。这些行业在过去几年，甚至十几年，因为不同的原因经历了极为漫长的资本开支下行周期，而这些行业从资本开支再到供给实际扩张往往需要较长的时间。也就是说，他们在未来几年会维持供给受限的局面。而全球制造业重构又对资源品及其运输设备等需求形成了长期支撑。供给缺口大概率将持续存在。此外，虽然全球目前依然有右倾的趋势，但中国的部分产业与龙头公司在面临这类挑战中依然具有巨大的优势。过去十几年，中国制造业只是依靠劳动力成本获取竞争优势。但随着规模的扩大、一体化程度的提高、工程师红利的释放，中国制造业优势或会越来越明显。因此，本基金将在充分考虑关税风险定价后，重点研究与配置中国最为优秀的制造业核心资产。最后，在监管趋严，中小市值公司壳资源价值、主题价值受损且估值偏高的背景下，本基金依然坚持深度的研究，以中国最优质的核心资产作为投资方向，尽可能减少甚至避免主题性投资与中小市值投资。","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动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=1149026","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c27fea5b3eb053292d","date":"2024-03-30T16:00:00.000Z","stockId":3000000018549,"sao":"国内方面，2024年开年以来，中国经济延续回升向好态势。实物量等先行指标较快增长，前2个月全国统调发电量同比增长11.7%，工业用电量增长9.7%。文化、旅游、餐饮等消费旺盛，春节假期国内旅游出游人次同比增长34.3%，按可比口径较2019年同期增长19%。2月份，制造业企业生产经营预期活动指数为54.2%，非制造业业务活动预期指数为57.7%，持续位于扩张区间，一季度有望实现良好开局。2024年3月全国两会胜利闭幕，今年的宏观经济目标和政策支持方向明确。今年GDP增长目标为5%，目标赤字率为3%，新增专项债额度为3.9万亿元，发行1万亿元超长期特别国债，CPI目标3%左右。国外方面，一是中国企业出海面临的外部环境更加严峻复杂，一季度以来美国、欧盟等国，以不公平竞争、危害国家安全等理由，对中国的电子商务平台（Temu、TikTok、Shein等）、造船、起重机、生物医药、电动车等行业计划或正在采取相关措施（如征收关税、限制进口、限制投资等），将对中国企业的海外业务产生影响。二是美国对中国的科技制裁将进一步加码。美国商务部长吉娜•雷蒙多表示，美国有可能进一步收紧对中国获取先进芯片技术的控制。三是美国通胀放缓的速度减慢，劳动力市场仍然强劲，消费者支出稳健，房地产与制造业回暖。与此同时，金融条件维持宽松，企业融资成本下降，股市亮眼表现支持家庭部门财富扩张。从经济基本面来看，美联储降息的紧迫性和必要性下降，今年美联储降息的次数和幅度可能低于年初的预期，不确定性在于大选的影响。受年初以来经济政策预期和市场流动性的影响，市场先跌后涨，整个2024年一季度各指数涨跌幅层面：上证指数涨幅2.23%，深证成指跌幅1.3%，创业板指数跌幅3.87%，科创50指数跌幅10.48%，沪深300指数涨幅3.10%。本基金一季度重点配置消费医药、有色、机械、汽车、计算机、电子和传媒等行业。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:38.546Z","fund":{"_id":3000000018549,"__csrcFundId":13179,"stockCode":"018549","masterFundShortName":"金鹰研究驱动混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18549,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2025-01-01T23:59:42.390Z","status":"normal","exchange":"jj","shortName":"金鹰研究驱动混合A","fundCollectionId":4000050200000,"name":"金鹰研究驱动混合型证券投资基金","setUpAssetScale":3793972.19,"setUpDate":"2024-01-15T16:00:00.000Z","setUpShares":3793972.19,"inceptionDate":"2024-01-15T16:00:00.000Z","pinyin":"jyyjqdhhxzqtzjj","managers":[{"stockCode":"j101020721","stockType":"fund_manager","exchange":"fm","tickerId":261907265490,"name":"曾绍刚"}]},"announcement":{"linkText":"金鹰研究驱动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=1074047","linkType":"PDF","source":"csrc_pdf"}}]}