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较大，高股息资产贡献稳定收益，整体是一个积极可为的市场。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:02:04.197Z","mo":"2024年的开局延续了2023年年底的弱势，且波动进一步加大，本基金由于建仓期逐步结束，因此在年初仓位并不低，回撤波动较大。在此期间，我们对持仓行业和个股进行重新梳理，我们认为，今年电子板块的需求依然是呈现复苏态势，但是幅度会相对较弱，复苏时间相对较长，而去年市场对复苏的定价相对充分。新品创新方面，Apple Vision Pro的实际效果非常惊艳，但依旧存在较重、发热、缺乏创新应用等问题，是一款值得未来持续期待的产品。基于此，我们对电子板块的持仓进行了减持，并保持后续的积极跟踪，以待更明确的机会时点。　　　　而对黄金、铜等的梳理中，我们依然认为，今年具有较好的投资机会。今年的宏观依然是变化较大的年份，叠加各国大选，全球局势依然有不确定性，黄金是未来一段时间值得配置的资产。铜的供给增量比预期要弱，而美国经济持续强劲，国内经济底部向上，龙头公司未来2-3年的成长性值得期待。　　　　此外，我们对公用事业板块的投资机会相对看好，尤其是火电板块，一方面，今年的容量电价运行会逐步使得火电的类公用事业属性凸显，而水电、核电、风光等非化石能源今年将对火电的利用小时数有较明显的影响，或许对上游的煤炭成本环节也有一定的抑制。在这样的环境中，火电的盈利稳定性将逐步体现，加上本身分红率不低，这一板块的防守和进攻双重属性值得期待。　　　　展望全年，我们认为市场波动最大的时间或已过去，保持一定的审慎，在不那么拥挤的板块及个股深耕细作，寻找有性价比的资产。","fund":{"_id":3000000018868,"__csrcFundId":12882,"stockCode":"018868","shortName":"兴全品质甄选混合A","masterFundShortName":"兴全品质甄选混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18868,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-01-22T15:18:11.201Z","status":"normal","exchange":"jj","fundCollectionId":4000050310000,"inceptionDate":"2023-09-03T16:00:00.000Z","name":"兴全品质甄选混合型证券投资基金","setUpDate":"2023-09-03T16:00:00.000Z","setUpAssetScale":92964841.98,"setUpShares":92964841.98,"pinyin":"xqpzzxhhxzqtzjj","followedNum":1,"managers":[{"stockCode":"db20894144","stockType":"fund_manager","exchange":"fm","tickerId":310234910,"name":"程剑"}]},"announcement":{"linkText":"兴证全球品质甄选混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1056689","linkType":"PDF","source":"csrc_pdf"}}]}