window.pageData = {"stock":{"_id":3000000020633,"name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"etfFundFlag":1,"feederFundFlag":1,"stockCode":"020633","tickerId":20633,"shortName":"汇添富中证电信主题ETF发起式联接C","currency":"CNY","exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"classificationFlag":null,"closedEnd":null,"fundCollectionId":4000050460000,"pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","inceptionDate":"2024-03-28T16:00:00.000Z","followedNum":0,"indexId":1000000931235,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50460000","tickerId":50460000,"name":"汇添富基金管理股份有限公司"},"index":{"areaCode":"cn","stockType":"index","exchange":"csi","stockCode":"931235","tickerId":931235,"name":"中证电信","rebalancingFrequency":"semi-annually"},"managers":[{"name":"何丽竹","stockType":"fund_manager","stockCode":"j101020199","exchange":"fm","tickerId":81226250580}],"targetFunds":[{"shortName":"汇添富中证电信主题ETF(560300)","stockType":"fund","stockCode":"560300","exchange":"sh","tickerId":560300}],"hotMetrics":{"fss":{"stockId":3000000020633,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":2711,"f_h_s_a":2893,"last_data_date":"2025-06-29T16:00:00.000Z","f_ind_h_s_r_c_hy":0,"f_ins_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_ins_h_s_r_c_1y":0},"fpr":{"stockId":3000000020633,"type":"fpr","f_p_r_fys_ssc":5565,"f_p_r_fys_ssrp":0.1975197699496765,"f_p_r_m1_ssc":5828,"f_p_r_m1_ssrp":0.183284709112751,"f_p_r_m3_ssc":5700,"f_p_r_m3_ssrp":0.0898403228636603,"f_p_r_m6_ssc":5388,"f_p_r_m6_ssrp":0.11787636903656952,"f_cagr_p_r_fs_ssc":5894,"f_cagr_p_r_fs_ssrp":0.07025284235533684,"f_p_r_y1_ssc":4646,"f_p_r_y1_ssrp":0.1728740581270183,"f_p_r_y2_ssc":3540,"f_p_r_y2_ssrp":0.09805029669398135},"fp":{"stockId":3000000020633,"type":"fp","f_p_r_d1":-0.01565417205227637,"f_cagr_p_r_fs":0.4751480446934415,"f_p_r_m1":0.10475689127105636,"f_cagr_p_r_fs_sic":7,"f_cagr_p_r_fs_sirp":0.3333333333333333,"f_p_r_m1_sic":7,"f_p_r_m1_sirp":0.16666666666666666,"f_p_r_m3":0.22635996600084995,"f_p_r_m3_sic":7,"f_p_r_m3_sirp":0.16666666666666666,"f_p_r_m6":0.35810095305330125,"f_p_r_m6_sic":7,"f_p_r_m6_sirp":0.5,"f_p_r_fys":0.2129571248423714,"f_p_r_fys_sic":7,"f_p_r_fys_sirp":0.16666666666666666,"last_data_date":"2026-05-18T16:00:00.000Z","f_p_r_y1":0.7992985190958697,"f_p_r_y2":1.3308764135702753},"ff":{"stockId":3000000020633,"type":"ff","f_m_f_r":0.005,"f_c_f_r":0.001,"f_m_a_c_f_r":0.006,"f_m_c_f_d":"2024-08-15T16:00:00.000Z","f_c_f":354,"f_m_a_c_f":2128,"f_m_f":1774,"f_c_fr":0.001,"f_fr_d":"2026-03-19T16:00:00.000Z","f_m_fr":0.005,"f_mac_fr":0.006},"f_nlacan":{"stockId":3000000020633,"type":"f_nlacan","f_nv_d":"2026-05-18T16:00:00.000Z","f_nv":2.3085,"f_nv_cr":0.004612907437225422},"f_as":{"stockId":3000000020633,"type":"f_as","f_tas":11279755.097099999,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235}]},"list":[{"_id":"69e8ec4a1398d79843fe9c6b","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000020632,"sao":"2026年一季度，全球地缘冲突加剧，国内资本市场保持区间震荡。从市场表现来看，A股整体有所下跌，上证指数一季度下跌1.94%。风格方面，市场分化持续，小市值风格显著跑赢大市值，成长小幅领先价值。行业层面来看，煤炭、石油石化、电力及公用事业等涨幅居前，非银行金融、消费者服务、商贸零售表现相对靠后。在全球能源供给紧张背景之下，周期板块依旧成为市场关注的焦点。交易活跃度方面，市场成交活跃，两市成交一度达到接近每日四万亿水平，季末逐渐回落至两万亿左右。经济数据方面，中国经济整体保持稳中有进。2026年1-2月工业增加值同比增长6.3%，较2025年12月加快，体现稳健扩张态势，其中高技术制造业增加值累计同比增长13.1%，显著快于整体工业，成为核心增长引擎；固定资产投资累计增速1.8%，结束此前负增长态势。2026年1-2月社会消费品零售总额同比增长2.8%，较2025年12月加快。整体说来，一季度国内经济实现稳健开局。海外方面，美以伊军事冲突成为当下全球最大的不确定性来源。尤其是3月局部冲突升级后，霍尔木兹海峡近乎中断航运，给全球市场带来了严重冲击，石油、黄金及权益资产大幅震荡。展望后续，国内经济复苏动能有望逐步巩固，新质生产力对产业的支撑作用也有望进一步增强。但美以伊地缘冲突走向仍未有定局，若冲突长期化，石油等能源的高位波动风险或将持续，或将压制其他风险资产表现。对全球局势的定价成为当下最关键的核心变量，投资者需关注局势突变带来的风险。电信，是TMT的重要组成部分，中证电信主题指数主要包含电信运营服务和通信设备等领域股票，其中运营商板块兼备传统通信网络业务，又有新兴业务如云/AI贡献第二增长曲线，兼具防御性与成长性；通信设备板块则与AI算力产业链密切相关，盈利预期增长乐观。报告期内，本基金按照被动投资的原则，采用完全复制法，主要通过投资于目标ETF实现了对标的指数的良好跟踪。","lastUpdated":"2026-04-22T15:42:02.398Z","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1475410","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c9","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000020632,"sao":"2025年四季度，国内资本市场稳中有升，市场信心持续修复。从市场表现来看，四季度A股整体保持震荡，上证指数四季度上涨2.22%，全年涨幅达18.41%。风格方面，四季度市场分化继续，价值风格领跑成长风格，有色、石油石化等行业领涨市场，而三季度涨幅突出的人工智能、先进制造相关板块四季度有一定回调。交易活跃度方面，尽管11 月市场出现阶段性缩量，但年末的跨年行情又再度推动成交额回升。整体说来，市场情绪先跌后回暖，价格走势稳健。经济数据方面，中国经济景气水平总体回升。12月制造业PMI指数为50.1，时隔8个月重返扩张区间，这显示制造业产需两端均较上月有一定扩张。1-11月工业增加值累计同比增长6.0%，其中高技术制造业领涨。社会消费品零售总额1-11月累计同比增长4.0%，但自6月以来增速下滑，整体消费动能仍有待提振。四季度，中美关税摩擦升级，但随后沟通谈判进展顺利。当前全球地缘冲突加剧，关税等摩擦预计仍会是未来一段时间的趋势，但市场对关税冲击的敏感度已逐渐下降。展望2026年，作为“十五五”开局之年，政策发力可期，中国经济新动能、新势力有望崛起。电信，是TMT的重要组成部分，中证电信主题指数主要包含电信运营服务和通信设备等领域股票，其中运营商板块兼备传统通信网络业务，又有新兴业务如云/AI贡献第二增长曲线，兼具防御性与成长性；通信设备板块则与AI算力产业链密切相关，盈利预期增长乐观。","lastUpdated":"2026-03-09T14:04:20.663Z","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1456802","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c8","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000020632,"sao":"2025年三季度，国内资本市场活跃度提升，科技板块表现突出，市场整体稳步上涨。从市场表现来看，下半年以来A股市场投资者情绪显著回暖，各宽基指数不同幅度上涨。本季度市场分化明显，风格方面，成长风格大幅跑赢价值风格，分化持续且明显；行业主题方面，科技大幅领涨，新能源、有色亦表现突出，科创板、创业板的宽基指数涨幅居前。三季度市场成交活跃，8月以来单日成交额持续保持在2万亿以上水平，一度连续超3万亿元。整体说来，市场情绪积极，上涨动能强劲。国内宏观经济方面，8月社零同比增长3.4%，1-8月固定资产投资同比增长0.5%，工业增加值同比增长5.2%，低于前值和市场预期，内需有所放缓。国内政策呈现出托底民生、温和刺激的特点，其中供给侧主要以“反内卷”政策为主，这带动了工业企业利润回暖，钢铁、有色、化工盈利改善明显；需求侧来看，政策以民生领域补贴和消费刺激为主，这主要包括育儿补贴、消费贷贴息等。当下，加征关税对全球市场带来的冲击逐渐缓和，但内外部的不确定性仍在，财政货币政策或仍留有一定储备空间以进行相机抉择。电信，是TMT的重要组成部分，中证电信指数主要包含电信运营服务和通信设备等领域股票，其中运营商板块兼备传统通信网络业务，又有新兴业务如云/AI贡献第二增长曲线，兼具防御性与成长性；通信设备板块则与AI算力产业链密切相关，盈利预期增长乐观。报告期内，本基金按照被动投资的原则，采用完全复制法，实现了对标的指数的良好跟踪。","lastUpdated":"2026-03-09T14:04:20.660Z","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1374243","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c7","date":"2025-06-29T16:00:00.000Z","stockId":3000000020632,"sao":"今年上半年，国民经济运行总体平稳、稳中向好。初步核算，上半年国内生产总值约66万亿元，同比增长5.3%，其中一季度同比增长5.4%，二季度增长5.2%。生产端，上半年全国规模以上工业增加值同比增长6.4%，装备制造业和高技术制造业增势良好；投资端，上半年全国固定资产投资（不含农户）同比增长2.8%，其中基础设施投资同比增长4.6%，制造业投资增长7.5%，房地产开发投资下降11.2%；消费端，上半年社会消费品零售总额同比增长5.0%，消费升级类商品销售形势较好。此外，上半年居民消费价格基本平稳，核心CPI温和回升，居民收入平稳增长，就业形势总体稳定。总体来看，随着宏观政策发力显效，上半年经济运行延续稳中向好发展态势，展现出强大韧性和活力；但与此同时，外部不确定因素依然较多，国内有效需求依然不足，经济回升向好基础仍需加力巩固。资本市场方面，上半年A股在震荡中前行，核心指数温和上涨，市场活跃度提升。分阶段看，年初大幅下行后一季度市场以企稳回升为主；4月初受美国关税政策冲击市场大幅调整，但随着政策密集发力和关税前景改善，市场逐步修复；6月中东地缘冲突再次引发市场波动，随着地缘风险缓解叠加金融政策利好，市场迅速恢复上行态势。分行业来看，上半年有色金属、银行、国防军工涨幅居前；煤炭、食品饮料、房地产表现靠后。风格方面，小微盘表现突出，价值优于成长。本基金跟踪中证电信主题指数，主要投资于以电信运营商为核心的电信产业链。报告期内，本基金按照被动投资的原则，实现了对标的指数的良好跟踪。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:20.657Z","mo":"展望下半年，中国经济机遇与挑战并存。财政政策方面，储备工具充足，或将重点投向城市更新、支持消费和育儿补贴等方向；货币政策方面，年内仍有降准降息的空间，或根据国内外形势相机抉择；房地产政策方面，更大力度推动房地产市场止跌回稳的措施将逐步落实，房地产市场或已进入筑底阶段。但仍需关注关税政策反复、地产进一步走弱等风险。资本市场方面，从整体上看，当前市场成交活跃，宽基指数估值水平合理，企业盈利修复过程中A股整体仍有较好配置价值；从风格上看，年初至今价值、红利风格估值提升更为平稳，相较小微盘和成长板块具有更高安全边际；从行业主题上看，一方面银行等高股息板块仍值得作为底仓配置，另一方面科技创新、新兴消费领域或有结构性机会。电信运营商现金流稳定，在兼具高股息特征的同时，受益于数字经济政策成长性可期，长期投资价值良好。作为被动投资的指数型基金，本基金将严格遵守基金合同，继续坚持既定的投资策略，积极采取有效方法严格控制偏离，实现对标的指数的紧密跟踪。","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1342425","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c6","date":"2025-03-30T16:00:00.000Z","stockId":3000000020632,"sao":"今年一季度，国民经济延续向好态势，发展质量稳步提高。生产端，1-2月份全国规模以上工业增加值同比增长5.9%，比上年全年加快0.1个百分点，其中装备制造业和高技术制造业增长加快；投资端，1-2月份全国固定资产投资（不含农户）同比增长4.1%，比上年全年加快0.9个百分点，其中基础设施投资同比增长5.6%，制造业投资增长9.0%，房地产开发投资下降9.8%；消费端，1-2月份社会消费品零售总额同比增长4.0%，比上年全年加快0.5个百分点，以旧换新相关商品销售较好。此外，1-2月份全国居民消费价格同比下降0.1%，但核心CPI同比上涨0.3%，居民消费价格总体稳定，工业生产者价格降幅收窄。资本市场方面，一季度A股市场整体震荡上行，以人工智能为代表的科技板块表现亮眼。行业方面，一季度有色金属、汽车和机械设备等行业涨幅较大，煤炭、商贸零售和石油石化等行业走势较弱。风格方面，小盘优于大盘，成长跑赢价值。本基金跟踪中证电信主题指数，主要投资于以电信运营商为核心的电信产业链。报告期内，本基金按照被动投资的原则，主要投资于指数ETF，实现了对标的指数的良好跟踪。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:20.654Z","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1272028","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c5","date":"2024-12-30T16:00:00.000Z","stockId":3000000020632,"sao":"2024年，国民经济运行总体平稳、稳中有进。初步核算，全年国内生产总值比上年增长5.0%。分产业看，第一产业比上年增长3.5%；第二产业增长5.3%；第三产业增长5.0%。生产端，全年全国规模以上工业增加值比上年增长5.8%，装备制造业和高技术制造业增长较快；投资端，全年全国固定资产投资（不含农户）比上年增长3.2%，其中基础设施投资增长4.4%，制造业投资增长9.2%，房地产开发投资下降10.6%；消费端，全年社会消费品零售总额比上年增长3.5%，网上零售较为活跃。2024年A股市场经历大幅波动，整体呈现“先抑后扬再震荡”的走势。分阶段看，9月下旬为明确的分水岭；9月下旬之前，受经济数据等因素影响，市场整体较弱；9月下旬至10月初，受政策刺激市场快速大幅上涨；10月中旬之后，市场逐步回归理性，以震荡调整为主。全年维度下，大盘强于小盘，价值跑赢成长，红利延续强势。从行业来看，银行、非银金融、通信等行业表现较好，医药生物、农林牧渔和美容护理等行业表现较弱。本基金跟踪中证电信主题指数，主要投资于以电信运营商为核心的电信产业链。报告期内，本基金按照被动投资的原则，采用完全复制法，实现了对标的指数的良好跟踪。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:20.651Z","mo":"展望2025年，中国经济挑战与机遇并存。尽管依然面临外部压力加大以及国内需求不足等问题，但在更加积极有为的政策支持下，中国经济将延续复苏态势。财政政策表述为“更加积极”，财政赤字率有望提升，带动政府投资和居民消费稳步回升；货币政策从“稳健”调整为“适度宽松”，提出“适时降准降息”，保持对实体经济的支持；房地产方面，提出“持续用力推动房地产市场止跌回稳”，相较前期用词力度更大。资本市场方面，2025年或许可以更加乐观。2024年9月政策发布，带动市场快速上涨，投资者信心明显修复，尽管后续震荡调整，但市场中枢有所抬升，市场运行基础更加稳固。从结构来看，红利资产依然可以作为底仓配置，在经济转型升级、无风险利率持续下行、以及上市公司更加注重股东回报的长期趋势下，红利资产可以作为长期选择。此外，以人工智能为首的科技创新领域也值得关注。电信板块中，运营商属于稳定类红利资产，光模块等企业则具备较高成长性，电信板块整体适配于当前的投资环境。作为被动投资的指数型基金，本基金将严格遵守基金合同，继续坚持既定的投资策略，积极采取有效方法严格控制偏离，实现对标的指数的紧密跟踪。","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题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=1256069","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c4","date":"2024-09-29T16:00:00.000Z","stockId":3000000020632,"sao":"今年三季度，国民经济保持总体平稳、稳中有进的发展态势。生产端，1-8月份全国规模以上工业增加值同比增长5.8%，其中装备制造业和高技术制造业增长较快；投资端，1-8月份全国固定资产投资（不含农户）同比增长3.4%，其中基础设施投资同比增长4.4%，制造业投资增长9.1%，房地产开发投资下降10.2%；消费端，1-8月份社会消费品零售总额同比增长3.4%，其中网上零售较快增长。此外，8月份全国居民消费价格同比上涨0.6%，涨幅比上月扩大0.1个百分点，环比上涨0.4%。政策方面，9月下旬国务院新闻办公室举行新闻发布会，央行、金融监管总局、证监会合力推出多项重磅政策。货币政策方面，实行降准降息；房地产政策方面，降低存量房贷利率、统一房贷最低首付比例；资本市场政策方面，创设互换便利提供增量资金、创设股票回购增持专项再贷款、多条措施推进并购重组。在超预期的政策刺激下，资本市场迅速反应，9月底迎来大幅反弹。行业方面，三季度非银金融、房地产和商贸零售等行业涨幅较大。风格方面，上涨行情中成长相对价值更加占优。从市场情绪来看，成交量快速放大，投资者信心明显增强。本基金跟踪中证电信主题指数，主要投资于以电信运营商为核心的电信产业链。报告期内，本基金按照被动投资的原则，采用完全复制法，实现了对标的指数的良好跟踪。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:20.648Z","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1173455","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3647fea5b3eb053c5c3","date":"2024-06-29T16:00:00.000Z","stockId":3000000020632,"sao":"今年上半年，国民经济总体运行平稳，延续恢复态势。初步核算，上半年国内生产总值约61.7万亿元，同比增长5.0%，其中一季度同比增长5.3%，二季度增长4.7%。生产端，上半年全国规模以上工业增加值同比增长6.0%，装备制造业支撑作用明显；投资端，上半年全国固定资产投资（不含农户）同比增长3.9%，其中基础设施投资增长5.4%，制造业投资增长9.5%，房地产开发投资下降10.1%；消费端，上半年社会消费品零售总额同比增长3.7%，服务消费增势较好。总体来看，上半年经济稳中向好，转型升级稳步推进，但国内有效需求依然有待提振，经济基础仍需巩固。资本市场方面，上半年A股在震荡中前行。分阶段看，开年后市场整体弱势，指数加速探底；2月以来迎来强势反弹，其后逐步企稳；5月下旬以来又有所回调。分行业来看，上半年银行、煤炭和公用事业等板块表现较好，计算机、商贸零售和社会服务等板块表现靠后。风格方面，大盘优于小盘，价值优于成长，红利延续强势。本基金跟踪中证电信主题指数，主要投资于以电信运营商为核心的电信产业链。报告期内，本基金按照被动投资的原则，采用完全复制法，实现了对标的指数的良好跟踪。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:04:20.645Z","mo":"展望下半年，随着政策效应逐步显现，国内经济有望继续巩固回升。财政政策方面，超长期特别国债陆续发行落地，将逐步形成实物工作量；货币政策方面，稳增长方向持续发力，注重做好逆周期调节，三季度或将再度开启降准降息窗口；房地产政策方面，从中央到地方政策持续调整优化，房价下行有望迎来自然收敛，推动市场企稳。资本市场方面，从整体上看，当前各大指数估值水平相对较低，市场整体投资性价比较高；从风格上看，在外部环境不确定性依然较强而国内经济仍处弱复苏的背景下，价值、红利风格或将继续占优；从行业主题上看，顺应时代趋势的科技创新、企业出海等值得关注。电信运营商客户基数稳定，ARPU值企稳回升，在兼具高股息特征的同时，受益于数字经济政策成长性可期，长期投资价值良好。作为被动投资的指数型基金，本基金将严格遵守基金合同，继续坚持既定的投资策略，积极采取有效方法严格控制偏离，实现对标的指数的紧密跟踪。","fund":{"_id":3000000020632,"__csrcFundId":13721,"stockCode":"020632","masterFundShortName":"汇添富中证电信主题ETF发起式联接","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":20632,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-15T17:12:22.596Z","status":"normal","exchange":"jj","shortName":"汇添富中证电信主题ETF发起式联接(020632)","name":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050460000,"setUpAssetScale":11240625.63,"setUpDate":"2024-03-25T16:00:00.000Z","setUpShares":11240625.63,"inceptionDate":"2024-03-28T16:00:00.000Z","pinyin":"htfzzdxztjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"followedNum":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931235,"managers":[{"stockCode":"j101020199","stockType":"fund_manager","exchange":"fm","tickerId":81226250580,"name":"何丽竹"}]},"announcement":{"linkText":"汇添富中证电信主题交易型开放式指数证券投资基金发起式联接基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1146033","linkType":"PDF","source":"csrc_pdf"}}]}