window.pageData = {"stock":{"_id":3000000019877,"name":"广发均衡成长混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"019877","tickerId":19877,"shortName":"广发均衡成长混合C","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"fundCollectionId":4000050300000,"pinyin":"gfjhczhhxzqtzjj","inceptionDate":"2024-04-25T16:00:00.000Z","followedNum":0,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50300000","tickerId":50300000,"name":"广发基金管理有限公司"},"managers":[{"name":"杨冬","stockType":"fund_manager","stockCode":"db20052706","exchange":"fm","tickerId":2504219430}],"hotMetrics":{"fss":{"stockId":3000000019877,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.7828,"f_ind_h_s_r":0.21719999999999998,"f_h_a":19204,"f_h_s_a":100525,"last_data_date":"2025-12-30T16:00:00.000Z","f_ind_h_s_r_c_hy":0.039299999999999974,"f_ins_h_s_r_c_hy":-0.03929999999999989,"f_ind_h_s_r_c_1y":-0.7828,"f_ins_h_s_r_c_1y":0.7828},"fpr":{"stockId":3000000019877,"type":"fpr","f_p_r_fys_ssc":8989,"f_p_r_fys_ssrp":0.41933689363595905,"f_p_r_m1_ssc":9231,"f_p_r_m1_ssrp":0.6388949079089924,"f_p_r_m3_ssc":9128,"f_p_r_m3_ssrp":0.39881669771009093,"f_p_r_m6_ssc":8818,"f_p_r_m6_ssrp":0.4428944085289781,"f_cagr_p_r_fs_ssc":9174,"f_cagr_p_r_fs_ssrp":0.06867982121443367,"f_p_r_y1_ssc":8347,"f_p_r_y1_ssrp":0.4173256649892164,"f_p_r_y2_ssc":7732,"f_p_r_y2_ssrp":0.297503557107748},"fp":{"stockId":3000000019877,"type":"fp","f_p_r_d1":-0.006063157894736881,"f_cagr_p_r_fs":0.26610339617680623,"f_p_r_m1":0.00269971775678024,"f_p_r_m3":0.038906547997457075,"f_p_r_m6":0.10523468145542969,"f_p_r_fys":0.0864246775694717,"last_data_date":"2026-05-18T16:00:00.000Z","f_p_r_y1":0.3575344741651414,"f_p_r_y2":0.6004309078444805},"ff":{"stockId":3000000019877,"type":"ff","f_m_f_r":0.012,"f_c_f_r":0.002,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_f":221164,"f_m_a_c_f":1548151,"f_m_f":1326987,"f_c_fr":0.002,"f_fr_d":"2025-08-03T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000019877,"type":"f_nlacan","f_nv_d":"2026-05-18T16:00:00.000Z","f_nv":1.6342,"f_nv_cr":0},"f_as":{"stockId":3000000019877,"type":"f_as","f_tas":731800433.6240001,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj"},{"_id":3000000025094,"name":"广发均衡成长混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"025094","tickerId":25094,"shortName":"广发均衡成长混合F","currency":"CNY","__csrcFundId":13783,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2025-08-18T07:59:57.869Z","inceptionDate":"2025-08-04T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","fundCollectionId":4000050300000}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":1000000000000175,"holdings":10910000,"marketCap":201522035,"netValueRatio":0.1025,"quarterlyChange":0.16871508379888311,"stock":{"stockCode":"00175","exchange":"hk","stockType":"company","tickerId":175,"name":"吉利汽车"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":1000000000009988,"holdings":1397300,"marketCap":146815778,"netValueRatio":0.0747,"quarterlyChange":-0.16666666666666652,"stock":{"exchange":"hk","stockType":"company","stockCode":"09988","tickerId":9988,"name":"阿里巴巴-W"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":1000000000002423,"holdings":3524800,"marketCap":117953219,"netValueRatio":0.06,"quarterlyChange":-0.08674698795180746,"stock":{"exchange":"hk","stockType":"company","stockCode":"02423","tickerId":2423,"name":"贝壳-W"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":300502,"holdings":261765,"marketCap":115920012,"netValueRatio":0.059,"quarterlyChange":0.027757148161901002,"stock":{"stockCode":"300502","exchange":"sz","stockType":"company","tickerId":300502,"name":"新易盛"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":601799,"holdings":916200,"marketCap":111785562,"netValueRatio":0.0569,"quarterlyChange":-0.011023749696037144,"stock":{"stockCode":"601799","exchange":"sh","stockType":"company","tickerId":601799,"name":"星宇股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":300308,"holdings":194200,"marketCap":110579422,"netValueRatio":0.0562,"quarterlyChange":-0.06654098360655702,"stock":{"stockCode":"300308","exchange":"sz","stockType":"company","tickerId":300308,"name":"中际旭创"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":415,"holdings":25108300,"marketCap":108216773,"netValueRatio":0.055,"quarterlyChange":0.0641975308641971,"stock":{"stockCode":"000415","exchange":"sz","stockType":"company","tickerId":415,"name":"渤海租赁"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":2812,"holdings":1340800,"marketCap":90879424,"netValueRatio":0.0462,"quarterlyChange":0.19668079096045243,"stock":{"stockCode":"002812","exchange":"sz","stockType":"company","tickerId":2812,"name":"恩捷股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":601318,"holdings":1597000,"marketCap":90677660,"netValueRatio":0.0461,"quarterlyChange":-0.1698830409356732,"stock":{"stockCode":"601318","exchange":"sh","stockType":"company","tickerId":601318,"name":"中国平安"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockId":1000000000000700,"holdings":208800,"marketCap":89230220,"netValueRatio":0.0454,"quarterlyChange":-0.19198664440734592,"stock":{"stockCode":"00700","exchange":"hk","stockType":"company","tickerId":700,"name":"腾讯控股"}}],"bondHoldings":[{"_id":"69e8fb681398d79843003768","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockCode":"019785","stockName":"25国债13","holdings":722000,"marketCap":72879372,"netValueRatio":0.0371,"lastUpdated":"2026-04-22T16:46:32.767Z"},{"_id":"69e8fb681398d79843003769","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000019876,"stockCode":"123254","stockName":"亿纬转债","holdings":10,"marketCap":1340,"netValueRatio":0,"lastUpdated":"2026-04-22T16:46:32.771Z"}]},"list":[{"_id":"69e8ec381398d79843fe9bab","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000019876,"sao":"2026年一季度，国内经济运行延续复苏态势但节奏有所放缓。PMI在荣枯线附近波动，2月制造业PMI回落至49%，非制造业PMI为49.5%，显示经济复苏动能边际趋缓。物价指数方面，2月CPI同比上涨1.3%，为近三年来较高水平，核心CPI同比上涨1.8%，显示内需修复的内生动力正在逐步积蓄。国际环境方面，外部贸易不确定性有所上升，叠加海外地缘局势阶段性紧张，外部环境复杂程度加深。政策方面，2026年一季度，两会确定全年GDP增速目标4.5%-5%，财政赤字率4%，显示政策层坚持稳中求进、提质增效的总基调。“十五五”规划正式启动，将人工智能、现代产业体系建设列为首要任务，\"AI+\"行动计划加速推进。相关部门继续落实适度宽松的货币政策，不断强化逆周期调节力度，为经济复苏提供了较为充裕的政策空间。从权益市场来看，2026年一季度A股主要指数呈现先扬后抑的震荡走势。一月市场在两会政策预期驱动下小幅上行，但三月受外部不确定性冲击出现显著回调。能源、资源与防御性板块表现突出，煤炭、石油石化、公用事业季度涨幅居前，反映出在外部不确定性加大的背景下，资金向具备确定性和高股息的板块集中。此外，电力设备、通信等板块亦在“十五五”规划的产业政策支撑下录得正收益，显示出市场对经济转型方向的认可。报告期内，组合仓位略有降低，目前维持较高仓位运作，主要增持了通信、电力设备、商贸零售等行业，减持了计算机、交通运输、基础化工等行业。","lastUpdated":"2026-04-22T15:41:44.580Z","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长混合型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1471081","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69caca4640924dd8ca638fb6","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000019876,"sao":"2025年，A股市场在宏观政策定调积极与产业景气度上行的双重驱动下，呈现全面上涨格局，主要宽基指数均录得可观涨幅并创出阶段新高。市场结构分化剧烈，以通信、电子为核心的科技成长板块成为引领市场上涨的绝对主线，而部分传统消费与防御性板块表现相对疲弱，市场风险偏好显著提升。市场整体强势，成长风格占据绝对优势。其中，科创50指数以35.9%的涨幅领跑主要宽基，充分体现了科技创新的市场号召力。中证500、深证成指、创业板指涨幅均超过29%，显示中小盘成长股弹性十足。相比之下，代表大盘蓝筹的沪深300和上证50指数涨幅分别为17.7%和12.9%，保持了相对稳健的节奏。行业间表现有一定差异，涨幅居前的行业集中体现了当前市场的两大核心逻辑：一是以通信、电子、国防军工为代表的科技进步与高端制造主线；二是以有色金属为代表的全球流动性预期改善及部分周期品逻辑。跌幅榜则主要由食品饮料、煤炭等板块占据，显示在风险偏好提升期，部分前期防御性资产遭遇资金流出。2025年市场的强劲表现源于多重利好共振。政策层面，中央经济工作会议释放的稳增长、促发展积极信号，为市场奠定了坚实的信心基础。产业层面，人工智能、半导体等前沿科技领域的产业趋势持续强化，相关企业业绩与订单能见度提升，构成了股价上涨的核心基本面支撑。流动性层面，对全球货币政策边际宽松的预期，为成长股的估值扩张提供了有利的宏观环境。报告期内，本基金权益仓位先降后升，整体平稳，全年以优化结构为主，重点配置了非银金融、互联网、公用事业、高端制造等细分行业龙头。","lastUpdated":"2026-03-30T19:08:54.064Z","mo":"展望后市，我们认为市场将从初期的普涨与强烈预期驱动阶段，逐步过渡到基本面验证与结构深化阶段。整体市场可能呈现震荡整固、结构分化的特征，投资需更加注重业绩的确定性与产业的真实性。后市操作逻辑重点围绕如下三个方面：1.市场动能转换：关注基本面兑现度。前期的政策利好与产业预期已较大程度反映在股价之中，市场进一步上行需要得到宏观经济数据与企业盈利改善的实质性验证。即将到来的业绩预告季将成为关键检验窗口，业绩增速与景气度能持续匹配高估值的板块，方能延续强势。2.双主线配置：科技成长与稳定红利并重。在复杂的内外部环境下，市场风格可能趋于均衡，两大主线配置价值凸显。科技成长主线方面，人工智能、算力、半导体设备、高端制造等符合国家战略方向的产业趋势并未改变。下一阶段投资需从主题炒作向精选真正具备技术壁垒、客户优势、订单确定性的优质龙头公司深化。稳定红利主线方面，优选现金流充沛、股息率具备吸引力的高股息资产（如部分公用事业、非银金融、资源龙头），其作为组合“压舱石”的配置价值依然突出，尤其在市场波动加大时具备较好的防御属性。3.风险与机遇：密切关注内外变量。外部需警惕全球主要经济体货币政策路径的反复、地缘政治风险以及国际资本流动的波动。内部则需关注稳增长政策的具体落实节奏与效果，以及资本市场投资端改革的实际进展，这些因素将共同影响市场的风险偏好与流动性结构。总的来看，当前A股市场处于政策底与市场底已探明、但经济底与企业盈利底仍需确认的过渡期。基金将采取“以守为攻，精耕细作”的策略：一方面，利用市场波动，在科技成长主线中聚焦业绩有望超预期的细分领域龙头进行布局；另一方面，保持对高股息资产的标配，以平衡组合波动。整体应淡化对指数短期涨跌的博弈，深入基本面研究，在产业升级与政策支持共振的领域里耐心寻找可持续的阿尔法机会。","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长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=1449005","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db8","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000019876,"sao":"三季度国内经济维持平稳态势，PMI在距离荣枯线的位置小幅回升，PPI和CPI保持较低波动，消费者信心指数仍然保持回暖趋势，对经济企稳回升的预期有所加强。国际方面，美元汇率小幅走弱，美联储9月宣布首次降息25个基点，并释放年内可能继续降息的信号。市场波动率相对二季度有所下降，全球主要股指三季度大部分收涨。政策方面，央行继续坚持落实落细适度宽松的货币政策，加强逆周期调节。中央也配套出台了一系列产业支持政策，发布了《国务院关于深入实施“人工智能+”行动的意见》，意在提升国内在国际人工智能竞争中的领先地位，促进产业结构的转型升级。三季度A股主要指数大幅上行，其中创业板指和科创板指涨幅在全球主要股指中排名前列。中国在人工智能和全球制造业产业链中的地位不断提升，三季度科技板块和资源板块表现出色，通信设备、半导体、人工智能等板块不断创历史新高。受到市场整体风险偏好的提升，前期涨幅较好的银行板块表现低迷，消费、旅游等板块也表现落后，投资者对消费的信心仍待进一步修复。报告期内，本基金权益仓位变化不大，优化了持仓结构，主要增加了电子、汽车、医药生物等板块的配置，减持了银行、计算机、交通运输等板块。","lastUpdated":"2026-03-09T14:03:22.143Z","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长混合型证券投资基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1372704","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db7","date":"2025-06-29T16:00:00.000Z","stockId":3000000019876,"sao":"上半年，国内经济维持在低位平稳状态，部分PMI和社零的子项出现小幅度回暖，可持续性仍需进一步观察。价格指标如CPI和PPI等仍然在低位运行，全国二手房价格仍然在寻底，但部分重点城市的土拍数据已经转好。海外方面，特朗普的关税政策出现显著变化，4月初对全球做出高关税姿态，后来因为金融市场的波动不得不做出妥协，事后来看，特朗普政策的不确定性使得全球投资者对美元的对冲需求显著增加，美元开启下行周期，非美资产涨势较好。政策方面，我们可以观察到政府广义财政支出在显著扩张；且由于关税压力的影响，二季度央行给予了充沛的流动性支持。此外，政府在尝试使用消费券、置换补贴等结构性方式来刺激消费，消费数据整体表现不错。 A股市场上，上半年市场普涨，价值和成长风格均有亮点。其中，银行等高股息价值股受益于机构的欠配置压力，走势不断创新高；创新药、AI产业链、新消费等成长股也受益于景气度提升，上半年表现出色。此外，很多与地产和基建强相关的板块（例如石油化工、煤炭、钢铁）表现相对弱一些，投资者对内需的信心还需要进一步修复。报告期内，本基金仓位略有下降，主要增加了计算机、交通运输和有色金属等行业的配置，降低了环保、电力设备和银行等行业的配置。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:22.140Z","mo":"站在当下，我们观察到三个正在发生的趋势。一是产业升级趋势。尽管近几年宏观经济有所放缓，中国诸多产业的全球竞争力却愈发凸显： DeepSeek令海外投资者惊叹于中国在前沿技术上的突破；潮玩IP Labubu在全球范围持续热销，彰显中国文化叙事与IP价值的崛起；Insta360运动相机一经海外首发便售罄，标志着中国品牌正迅速积累忠实用户。由硬核科技到新消费，中国企业正凭借卓越的产品力与完备的产业链体系，刷新世界对“中国制造”的既有印象。我们正身处一轮显著的产业升级趋势之中。二是存款理财“再配置”趋势。10年期国债YTM已跌破2%，大量存款、理财产品面临“低息再投资”困境。过去房地产和非标信托承载了居民与机构相当多的资金，如今房地产进入长周期调整、非标通道收紧，固定收益资产回报触及历史低位，我们相信越来越多资金将从“储蓄—房产—非标”链条迁移至“储蓄—权益—基金”链条，权益资产正成为新的资产配置“蓄水池”。三是权益市场波动率下行趋势。自去年起，市场已明显感受到政策的托底与呵护。今年二季度，监管层发布《公募基金高质量发展行动方案》，引导基金回归基准投资、降低盲目追逐短期“风口”的高风险博弈行为。叠加全面注册制落地、退市常态化和增量资金中长期化，A股生态正向价值投资与基本面研究倾斜。种种配套改革有望使历史上“高波动、高杠杆、高情绪”的市场逐步演化为“低波动、低杠杆、重韧性”的市场，投资者可在更平稳的环境中布局长期机会。总体而言，市场流动性环境由国内经济环境决定，但诸多权重股票具有全球竞争力且营收在跟全球接轨，政策端也在鼓励公司提升ROE并试图压低市场的波动率，因此，我们对未来的市场表现较为乐观。","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长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=1342016","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db6","date":"2025-03-30T16:00:00.000Z","stockId":3000000019876,"sao":"一季度多家国际机构上调中国经济增长预期（如摩根士丹利预测2025年GDP增长4.5%），政策端延续“稳增长”基调，基建投资加速（1-2月基建投资同比增5.6%），叠加“两重”项目落地，推动机械设备、建筑行业订单大幅增长。海外风险方面，美联储降息预期升温，但美国经济“硬着陆”隐忧仍存。A股三大指数震荡分化，上证指数微跌0.48%，深证成指上涨0.86%，沪深300指下跌1.21%。个股交易活跃，全市场日均成交额1.53万亿元。行业层面，有色金属、汽车、机械设备领涨，煤炭、商贸零售、石油石化跌幅较大。市场热点轮动显著，3月中旬前AI及人形机器人（如DeepSeek、宇树机器人）主导市场，后期转向消费、资源股。低估值修复与主题炒作并存，北交所及科技成长股受资金追捧，市场估值整体偏低（万得全A市盈率18.38倍）。报告期内，本基金权益仓位整体略有下降，优化了持仓结构。主要增加了医药生物、国防军工、计算机等板块，减持了银行、环保、电力设备等板块。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:22.137Z","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长混合型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1266056","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db5","date":"2024-12-30T16:00:00.000Z","stockId":3000000019876,"sao":"2024年A股市场呈现“先抑后扬”特征。从国内宏观层面来看，2024年中国经济稳中向好，其中出口表现持续超预期，但内需层面的压力较大，投资层面急需财政政策的发力来支撑。海外方面，美国经济韧性仍强，美债利率易上难下，但非美国家的经济多数已经进入下行周期，尤其欧元区的经济表现明显低于预期。年初受经济增速放缓及流动性担忧影响，市场一度低迷，但9月24日一揽子政策密集出台后，上证指数5个交易日内大涨21.37%，全年累计上涨12.67%，深证成指、创业板指分别上涨9.34%、13.23%。政策驱动下，市场信心显著修复，四季度成交额屡创新高，单日最高突破3.4万亿元，创历史纪录。政策方面，2024年政策对A股市场的影响显著。9月24日之后，多项稳经济、促消费、宽货币的政策密集发布，包括10万亿化债政策和3万亿刺激计划，为市场注入了强心剂。这些政策推动了市场估值修复和投资者情绪的改善。从风格变化角度观察，市场风格从“极致防御”转向“科技成长”。上半年高股息板块（如银行、公用事业）表现突出；下半年随着市场风险偏好提振，小微盘、新能源、科技先后接棒，其中年末的AI、机器人等方向表现卓越。报告期内，本基金成立初期，逐步建仓，避免出现较大的回撤。在积累一定安全垫后，本基金逐步提高权益仓位，均衡配置A股和港股资产。从整体行业配置看，本基金主要配置了银行、环保和电力设备等细分行业的龙头。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:22.134Z","mo":"展望2025年，我们对市场整体保持乐观态度。经济增长预期方面，预计2025年经济增速将稳定在5%左右。政策层面，财政政策有望进一步加力，货币政策相比2024年更为积极，存在降准、降息的空间。这些政策将为市场提供有力支撑，推动经济基本面回升向好。市场趋势方面，预计2025年下半年A股将迎来新一轮盈利上行周期，非金融板块的ROE有望企稳回升。市场风格和资金配置或将发生转变，带来新的投资机遇。同时，随着基本面的改善，A股盈利增速也将迎来边际好转。在投资机会方面，我们认为A股市场将迎来一轮上行机遇期，当下看好金融科技、券商、TMT等高弹性板块；如果下半年经济如期改善，我们也会适当加配一些顺周期品种例如消费、周期及有色等。总体而言，2025年A股市场在政策支持和经济基本面改善的背景下，有望延续震荡上行的格局。投资者应关注政策动向、赛道热点，并在资产配置中注重分散化，把握市场带来的投资机会。","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长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=1251825","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db4","date":"2024-09-29T16:00:00.000Z","stockId":3000000019876,"sao":"2024年三季度，权益市场整体大幅反弹。季度初，受到悲观情绪影响，市场出现了较大的跌幅，在季度末出台了货币刺激政策后，权益市场情绪明显提振，各宽基指数都有较大幅度的反弹。场外资金积极入市，三季度最后两个交易日的成交量均达到2万亿以上。我们认为9月24日政策组合的出台是一个关键的转折点，超越市场的预期。本报告期内，本基金重点配置了非银金融、具有弹性的高端制造细分行业。在货币政策出现超预期变化之后，四季度我们需要密切关注财政政策是否将加速扩张，房地产以及消费基本面是否有改善的迹象。总体上，我们维持持仓，看好非银金融、具有基本面潜力的成长板块（如高端制造等）。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:22.131Z","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1174643","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed32a7fea5b3eb0538db3","date":"2024-06-29T16:00:00.000Z","stockId":3000000019876,"sao":"2024年上半年资本市场波动明显。一季度受个别产品平仓等因素影响，市场流动性快速萎缩，中小盘股票出现了较明显的下跌。随着中央采用证金入世、优化两融、打击不公平交易等强有力手段，A股市场出现了明显回暖；二季度资本市场的定价逐步回归基本面，AI产业链与景气度高的出口链标的成为了市场追捧核心，景气度因子表现出色，此外二季度房地产市场迎来诸多变化，多个部门推出房地产政策“组合拳”，出台了包括首付比例最低降至15%、取消商贷利率下限等一系列政策，市场层面最担心的风险来源迎来了强有力的托底举措。本报告期内，本基金重点配置了景气度高的成长型标的，包括出口链和TMT等板块。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:22.128Z","mo":"展望未来，当前市场底部特征较为明显，国内经济有望延续自发修复态势。我们认为当前市场处于低位震荡状态，随着房地产政策和诸多扶持经济的政策密集出台，预期经济将在不断的政策托底中缓慢回升。我们对权益资产保持信心，尤其看好成长型资产的弹性。","fund":{"_id":3000000019876,"__csrcFundId":13783,"stockCode":"019876","masterFundShortName":"广发均衡成长混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":19876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:32:09.893Z","status":"normal","exchange":"jj","shortName":"广发均衡成长混合(019876)","name":"广发均衡成长混合型证券投资基金","fundCollectionId":4000050300000,"setUpAssetScale":186233929.51,"setUpDate":"2024-04-22T16:00:00.000Z","setUpShares":186233929.51,"inceptionDate":"2024-04-25T16:00:00.000Z","pinyin":"gfjhczhhxzqtzjj","managers":[{"stockCode":"db20052706","stockType":"fund_manager","exchange":"fm","tickerId":2504219430,"name":"杨冬"}]},"announcement":{"linkText":"广发均衡成长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=1145071","linkType":"PDF","source":"csrc_pdf"}}]}