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.3%，二季度增长4.7%。从环比看，二季度国内生产总值增长0.7%。上半年，全国规模以上工业增加值同比增长6.0%。上半年，服务业增加值同比增长4.6%。上半年，社会消费品零售总额235969亿元，同比增长3.7%。上半年，全国固定资产投资（不含农户）245391亿元，同比增长3.9%；扣除房地产开发投资，全国固定资产投资增长8.5%。上半年，货物进出口总额211688亿元，同比增长6.1%。其中，出口121298亿元，增长6.9%；进口90390亿元，增长5.2%。进出口相抵，贸易顺差30909亿元。上半年，全国居民消费价格（CPI）同比上涨0.1%，一季度为同比持平。上半年，全国工业生产者出厂价格同比下降2.1%，降幅比一季度收窄0.6个百分点。        上半年债券市场表现较好，收益率曲线中短端收益率持续下行，长短收益率波动中下行。股票和转债市场波动中出现结构性行情，红利类资产表现较好。        上半年纯债组合久期偏低，股票配置中红利类资产较低，转债配置中以低价品种为主。二季度基金提高了纯债组合久期，卖出转债，重新调整了股票组合，整体上业绩不佳。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:40.594Z","mo":"当前外部环境变化带来的不利影响增多，国内有效需求不足，经济运行出现分化，重点领域风险隐患仍然较多，新旧动能转换存在阵痛。海外经济衰退可能降低出口的增速，国内有效需求不足。后期重点关注经济高频数据以及经济政策的时点和力度，包括专项债发行使用进度、超长期特别国债使用情况、大规模设备更新和大宗耐用消费品以旧换新的进度、央行货币政策的力度、地产和消费等的高频数据等，据此做出大类资产配置的判断和类属资产配置的判断，改善业绩。","fund":{"_id":3000000018570,"__csrcFundId":12885,"stockCode":"018570","shortName":"华宝安元债券(018570)","masterFundShortName":"华宝安元债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":18570,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:02:13.056Z","status":"normal","exchange":"jj","fundCollectionId":4000050220000,"inceptionDate":"2023-08-22T16:00:00.000Z","name":"华宝安元债券型证券投资基金","setUpDate":"2023-08-22T16:00:00.000Z","setUpAssetScale":385713783.85,"setUpShares":385713783.85,"pinyin":"hbayzqxzqtzjj","managers":[{"stockCode":"db20066787","stockType":"fund_manager","exchange":"fm","tickerId":120412110030,"name":"李栋梁"}]},"announcement":{"linkText":"华宝安元债券型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1143957","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c47fea5b3eb0532b51","date":"2024-03-30T16:00:00.000Z","stockId":3000000018570,"sao":"1—2月份，全国规模以上工业企业实现利润总额9140.6亿元，同比增长10.2%；1-2月份，规模以上工业增加值同比增长7.0%，比上年12月份加快0.2个百分点；1-2月份，服务业生产指数同比增长5.8%；1-2月份，社会消费品零售总额同比增长5.5%；1-2月份，固定资产投资同比增长4.2%，比上年全年加快1.2个百分点。其中，制造业投资增长9.4%，加快2.9个百分点。进出口保持较快增长，1-2月份，货物进出口同比增长8.7%。前两个月经济运行起步平稳。  债券市场表现较好，债券市场自12月中旬以来持续上涨，元旦之后超长期利率债表现最好，收益率曲线平坦化，等级利差、期限利差持续压缩。3月份长久期利率债收益率在创出新低之后开始震荡，中短端收益率继续下降。债券市场资金充裕是推动债券收益率下行的原因之一。股票市场先下跌后上涨，红利指数、成长先后表现，可转债和股票的表现一致，先下跌后上涨，转债中部分品种表现较好。  基金维持了组合的久期、转债和股票的配置比例，期间对转债和股票组合进行了动态调整。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:40.592Z","fund":{"_id":3000000018570,"__csrcFundId":12885,"stockCode":"018570","shortName":"华宝安元债券(018570)","masterFundShortName":"华宝安元债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":18570,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:02:13.056Z","status":"normal","exchange":"jj","fundCollectionId":4000050220000,"inceptionDate":"2023-08-22T16:00:00.000Z","name":"华宝安元债券型证券投资基金","setUpDate":"2023-08-22T16:00:00.000Z","setUpAssetScale":385713783.85,"setUpShares":385713783.85,"pinyin":"hbayzqxzqtzjj","managers":[{"stockCode":"db20066787","stockType":"fund_manager","exchange":"fm","tickerId":120412110030,"name":"李栋梁"}]},"announcement":{"linkText":"华宝安元债券型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1065309","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2c47fea5b3eb0532b50","date":"2023-12-30T16:00:00.000Z","stockId":3000000018570,"sao":"2023年经济走势波浪式修复，1季度需求集中释放，地产和消费数据修复明显，2季度经济环比快速下滑，3季度经济环比好转，4季度地产和消费环比没有起色，经济继续下滑。2023年央行货币政策在经济增速下降之后趋于宽松，2季度和3季度先后两次降息，4季度货币政策稳健。2023年财政政策温和，3季度末和4季度发行特殊再融资债券。  债券市场走势跟随经济数据、货币政策、资金面状态，1季度高等级债券收益率上行，低等级债券收益率下行，3月上旬纯债收益率开启下行直至7月份降息。8月份之后债券收益率小幅上行，其中短端上行幅度超过长端，10月份长久期债券收益率率先稳定下行，短久期债券收益率在12月份开始连续下行。2023年债券市场走势较好。  股票和转债市场走势一致，1月份股票和转债一起上涨，随后股票市场出现分化，顺周期品种调整，而泛AI相关品种3月份至6月份表现较好，期间高分红行业跟随债券市场收益率下行也阶段性有所表现。自8月份以后股票市场整体下跌，高分红行业相对抗跌。转债的走势和股票一样，总体上是先上涨，然后调整。2023年权益市场波动较大，小幅下跌。  基金成立之初股票和债券都采取了相对保守的策略，纯债的组合久期控制在较低的水平，股票和转债的投资比例也控制在较低的水平，后期小幅提高了组合的久期，股票和转债部分，根据市场情况对配置比例、行业进行了灵活操作。组合配置了一定比例的股票和转债，4季度权益市场的下跌对净值带来了拖累。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:01:40.589Z","mo":"2024年宏观经济关注的点主要在于实际经济数据和政策。对于实体经济来说，房地产销售数据能否在低位企稳非常重要，房地产销售数据的企稳传导到房地产固定资产投资还有3个季度的时滞，若地产销售数据能够低位企稳，那么市场对于经济的悲观预期一定程度上能够得到缓解。对于出口数据，一方面关注全球经济增速，另一方面关注通胀水平，今年出口的情况可能好于去年。对于基建等投资增速，关注点在于宽财政的力度，在地产、消费、出口没有起色的情况下，通过中央政府加杠杆，对冲经济的下行压力是必要的。对于消费，居民的边际消费倾向下降，关注点在于居民的收入增长情况和边际消费情况，若经济预期好转，资产价格上涨，那么居民的边际消费倾向可能上升。对于通胀，在总需求乏力的情况下，通胀水平难以明显上升。货币政策总体上稳健，货币市场收益率围绕政策利率上下波动。  今年年初以来债券收益率持续下行，权益资产先下跌后反弹。从大类资产配置的角度来说，债券类资产具有长期配置价值，期间的波动主要来自于供给的冲击、阶段性经济政策力度加大、阶段性经济数据企稳等，若债券收益率上行，都会提供新的配置机会。权益类资产的投资难度较大，尤其是股票部分，行业层面主要关注高分红行业、需求稳定的部分消费品、出海受益的品种以及未来方向的科技行业。可转债分化明显，部分低价品种可以作为纯债的补充，对于弹性品种，则需要根据股票市场的走势，灵活应对。","fund":{"_id":3000000018570,"__csrcFundId":12885,"stockCode":"018570","shortName":"华宝安元债券(018570)","masterFundShortName":"华宝安元债券","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":18570,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:02:13.056Z","status":"normal","exchange":"jj","fundCollectionId":4000050220000,"inceptionDate":"2023-08-22T16:00:00.000Z","name":"华宝安元债券型证券投资基金","setUpDate":"2023-08-22T16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