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中证智选500价值稳健策略指数以中证500为样本空间，采用质量、价值、波动率等因子进行选样和加权，旨在为投资者提供基于宽基指数的多因子策略投资工具。本基金通过交易所买卖或申购赎回的方式投资于目标ETF（华夏中证智选500价值稳健策略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标的指数成份股来跟踪标的指数。“降息”是2024年全球货币政策的主旋律，美联储于9月正式开启货币宽松周期，年内降息三次，欧央行、加拿大、英国等经济体货币同样步入宽松。2024年作为“大选之年”，政治不确定性影响经济政策的方向，4季度美国大选结果出炉，特朗普上台，其宣传的贸易保护、孤立主义等经济外交政策可能进一步扰乱全球产业链格局、加大地缘政治风险。在复杂多变的外部环境下，2024年中国经济仍旧保持了平稳增长，高质量发展取得新成效，全年GDP增速达到5%，尤其是四季度以来，高频数据显示经济增长动能有所改善，政府补贴下社会消费品零售总额同比增长，物价稳定，PPI跌幅收窄。政策方面，9月以来一系列利好政策密集出台，积极部署财政、货币、扩内需、产业、地产等相关政策，有效提振社会信心，带动社会预期持续改善。市场方面，全年A股市场走势一波三折，主要指数波动较大但均录得正收益。前三季度大盘红利类资产表现更佳，银行、非银金融等行业领涨，而在9月底市场反弹以来，成长为代表的高弹性行业表现更强。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":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:02:15.227Z","mo":"展望2025年，各国央行货币政策更趋谨慎，但预计仍将维持宽松。同时，国际竞争格局加剧，特朗普政府的强硬态度将对我国出口等造成影响，国家贸易保护主义抬头，地缘政治环境依然趋紧。面对严峻的外部挑战，我国仍将坚持“以我为主”，政策方面，有望从需求与供给端双向发力，一方面继续支持房地产市场稳定发展，逐步化解地方债风险，另一方面，消费品以旧换新等内需政策将进一步优化消费环境，扩大内需，财政政策与货币政策协同支持，经济基本面有望延续改善。市场方面，在政策、流动性改善的支持下，2025年A股将迎来更丰富的结构性投资机会。其中备受关注的就是人工智能技术的崛起，我国企业在这场智能革命新浪潮中以惊人的速度追赶最新科技前沿，展现出强大的竞争力与创造力。若AI相关技术在各个行业逐步落地，科技成长的表现将更具有持续性。另一方面，长期资金入市仍将支持红利风格的长期表现。本基金将会根据基金合同要求，在紧密跟踪标的指数的基础上，做好相关投资工作。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":3000000019001,"__csrcFundId":13141,"stockCode":"019001","masterFundShortName":"华夏中证智选500价值稳健策略ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":19001,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:14:15.933Z","status":"normal","exchange":"jj","shortName":"华夏中证智选500价值稳健策略ETF发起式联接(019001)","fundCollectionId":4000050030000,"name":"华夏中证智选500价值稳健策略交易型开放式指数证券投资基金发起式联接基金","setUpAssetScale":13160572.55,"setUpDate":"2023-10-30T16:00:00.000Z","setUpShares":13160572.55,"inceptionDate":"2023-11-02T16:00:00.000Z","pinyin":"hxzzzx500jzwjcljyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931587,"managers":[{"stockCode":"db20385128","stockType":"fund_manager","exchange":"fm","tickerId":1825156300,"name":"荣膺"}]},"announcement":{"linkText":"华夏中证智选500价值稳健策略交易型开放式指数证券投资基金发起式联接基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1251648","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2e77fea5b3eb05350b2","date":"2024-09-29T16:00:00.000Z","stockId":3000000019001,"sao":"本基金跟踪的标的指数为中证智选500价值稳健策略指数，基金业绩比较基准为：中证智选500价值稳健策略指数收益率*95%+人民币活期存款利率(税后)*5%。中证智选500价值稳健策略指数以中证500为样本空间，采用质量、价值、波动率等因子进行选样和加权，旨在为投资者提供基于宽基指数的多因子策略投资工具。本基金通过交易所买卖或申购赎回的方式投资于目标ETF（华夏中证智选500价值稳健策略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标的指数成份股来跟踪标的指数。3季度，美国在通胀下行、就业数据回落的背景下开启降息周期，9月首次降息50bp。美联储降息预期落地但各国大选局势尚不明确，中国所面临的外部环境依旧复杂多变。国内宏观经济方面，在需求不足的影响下，三季度生产端有所放缓，商品房销售情况在短期改善后再次下行，社会消费品零售总额增速回落，同时外需强于内需，出口持续强劲，与设备更新、消费品以旧换新等共同支撑经济平稳增长。政策方面，9月24日金融支持经济高质量发展发布会上央行宣布全面降息降准，创设新型货币工具补充市场增量资金，同时推进房地产兜底政策，一系列货币政策释放积极信号，有力提振市场信心，经济基本面有望明显改善。市场方面，3季度债券利率持续下行，A股市场单边下行后迎来强势反弹。风格方面，大盘股相对稳健，同时微盘股大幅反弹，红利风格表现不佳且内部分化。板块方面，非银金融、银行及家电等行业领涨，农林牧渔、建材、电子、石油石化等行业跌幅较大。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":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:02:15.224Z","fund":{"_id":3000000019001,"__csrcFundId":13141,"stockCode":"019001","masterFundShortName":"华夏中证智选500价值稳健策略ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":19001,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-07-03T17:14:15.933Z","status":"normal","exchange":"jj","shortName":"华夏中证智选500价值稳健策略ETF发起式联接(019001)","fundCollectionId":4000050030000,"name":"华夏中证智选500价值稳健策略交易型开放式指数证券投资基金发起式联接基金","setUpAssetScale":13160572.55,"setUpDate":"2023-10-30T16:00:00.000Z","setUpShares":13160572.55,"inceptionDate":"2023-11-02T16:00:00.000Z","pinyin":"hxzzzx500jzwjcljyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931587,"managers":[{"stockCode":"db20385128","stockType":"fund_manager","exchange":"fm","tickerId":1825156300,"name":"荣膺"}]},"announcement":{"linkText":"华夏中证智选500价值稳健策略交易型开放式指数证券投资基金发起式联接基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175787","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed2e77fea5b3eb05350b1","date":"2024-06-29T16:00:00.000Z","stockId":3000000019001,"sao":"本基金跟踪的标的指数为中证智选500价值稳健策略指数，基金业绩比较基准为：中证智选500价值稳健策略指数收益率*95%+人民币活期存款利率(税后)*5%。中证智选500价值稳健策略指数以中证500为样本空间，采用质量、价值、波动率等因子进行选样和加权，旨在为投资者提供基于宽基指数的多因子策略投资工具。本基金通过交易所买卖或申购赎回的方式投资于目标ETF（华夏中证智选500价值稳健策略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标的指数成份股来跟踪标的指数。2024年上半年，全球经济增长动能较弱，通胀继续回落，多国货币政策由紧缩转向宽松，地缘冲突不断，国际贸易局势冲突频发。国内方面，在外部环境更趋复杂严峻的情况下，我国上半年GDP同比增长5%，经济总体稳中向好，对外出口超预期增长，对内制造业投资保持强劲动力，与此同时，中国经济仍旧处在新旧动能转换的阵痛期，结构分化特征明显，面临有效需求不足、房地产市场下行、重点领域风险有待化解等问题。市场方面，上半年A股市场的表现波动较大，年初上证指数下探2700点，随后风险偏好回暖，在宏观数据支撑下市场反弹，呈现“上有顶，下有底”的区间震荡。风格而言，投资者风险偏好降低导致市场抱团高股息策略，价值优于成长，小微盘股票受到较大流动性冲击，走势弱于大盘，市场风格分化加大。基金投资运作方面，报告期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