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nd":{"_id":3000000021655,"__csrcFundId":14100,"stockCode":"021655","masterFundShortName":"海富通量化选股混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":21655,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"海富通量化选股混合(021655)","lastUpdated":"2026-05-01T03:16:25.779Z","name":"海富通量化选股混合型证券投资基金","pinyin":"hftlhxghhxzqtzjj","fundCollectionId":4000050250000,"setUpAssetScale":17320781.55,"setUpDate":"2024-07-22T16:00:00.000Z","setUpShares":17320781.55,"inceptionDate":"2024-07-25T16:00:00.000Z","followedNum":5,"managers":[{"stockCode":"db20895138","stockType":"fund_manager","exchange":"fm","tickerId":122623231880,"name":"李自悟"}]},"announcement":{"linkText":"海富通量化选股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=1276252","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3a17fea5b3eb053fc4e","date":"2024-12-30T16:00:00.000Z","stockId":3000000021655,"sao":"2024年，中国经济呈现“政策驱动”的弱复苏特征。一季度财政前置发力实现“开门红”，二、三季度经济和市场进入磨底周期。随着三季度末一系列超预期的政策转向，四季度经济增速有所好转。全年我国实际GDP同比实现5%增长，高于2022-2023年的复合增速4.3%，全年物价保持相对平稳，居民消费价格指数同比上涨0.2%。特别是随着一系列宏观政策持续加码，市场信心开始回暖，房地产成交显著放量，居民消费开始好转，股市也震荡走强。 海外经济方面，随着通胀开始降温，美国在2024年9月开启降息周期，年内累计降幅100个基点。与此同时，美国维持了异常宽松的财政政策，赤字率超6%，将美国债务水平推向了新的高度。但短期而言，积极的财政政策与宽松的货币政策共同作用，对美国股市起到了明显的支撑作用。后续随着新的总统任期开启，预计特朗普将积极调整现有政策导向，需重点关注相关政策带来的内外部影响。从A股市场看，权益市场在2024年逐步震荡走高。指数方面，上证指数涨幅为12.7%，沪深300为14.7%，中证800为12.2%，创业板指为13.2%，中证1000为1.2%。行业板块方面，根据中信一级行业分类，2024年表现靠前的板块是银行、非银、家电、通信、交运，靠后的板块是医药、农林牧渔、消费者服务、房地产、食品饮料。总体而言，全年权益市场宽幅震荡，红利、成长、中小盘策略轮流表现占优，前期主要是偏防御的高股息红利相关行业表现强势，924新政以后TMT相关科技板块表现更好。具体投资策略方面， 2024年我们积极调整模型，特别是结合上半年市场的变化，逐步加入了行业和风格模型，以期从更多维度寻找投资机会。在风险控制方面，本基金通过风险模型限制行业和个股偏离，保持投资组合的风格暴露在合理范围之内。同时，在组合构建时加入动态的风险控制调整，以提升组合收益稳健性。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:05:21.405Z","mo":"从宏观经济来看，2025年国内经济复苏的势头有望进一步增强。随着2024年三季度末一系列逆周期调节政策的推出，以及各部门积极和迅速的响应，官方对于扭转经济的决心和态度已经逐步明朗。在实体经济层面，四季度经济数据已经开始有所回暖，GDP增速反弹至5.4%，CPI同比转正至0.5%，贸易顺差创历史新高。多方面信息都反映出经济增速已经进入修复的过程中，这种趋势有望在2025年进一步加强。海外经济方面，2025年特朗普将开启第二任期，美国在各方面均将迎来较大幅度的政策转向，不管是在国际贸易、国内税收、还是政府开支等方面。这些政策调整的力度目前还较难估量，但可以预见的是对美国的通胀、政府支出、企业利润等都将有显著影响，这些调整对市场的潜在冲击是2025年的重要挑战。年末之交，随着DeepSeek大模型、人形机器人和哪吒电影等现象级创新的涌现，全球投资者对中国科技和资产的关注度突飞猛进。结合我国在智能驾驶、半导体芯片等领域的不断突破，世界似乎正在重新评估国内经济的创新活力和增长潜力。这些变化充分体现了新质生产力对经济的促进能同时作用在实体和信心两个层面。对于股票市场而言，2025年我们或也将迎来A股市场盈利和估值共同提升带来的戴维斯双击时刻。我们对2025年的市场充满信心，将积极跟踪国内政策和经济的变化，把握投资机会。","fund":{"_id":3000000021655,"__csrcFundId":14100,"stockCode":"021655","masterFundShortName":"海富通量化选股混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":21655,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"海富通量化选股混合(021655)","lastUpdated":"2026-05-01T03:16:25.779Z","name":"海富通量化选股混合型证券投资基金","pinyin":"hftlhxghhxzqtzjj","fundCollectionId":4000050250000,"setUpAssetScale":17320781.55,"setUpDate":"2024-07-22T16:00:00.000Z","setUpShares":17320781.55,"inceptionDate":"2024-07-25T16:00:00.000Z","followedNum":5,"managers":[{"stockCode":"db20895138","stockType":"fund_manager","exchange":"fm","tickerId":122623231880,"name":"李自悟"}]},"announcement":{"linkText":"海富通量化选股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=1258796","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3a17fea5b3eb053fc4d","date":"2024-09-29T16:00:00.000Z","stockId":3000000021655,"sao":"2024年三季度国内经济仍维持弱复苏的格局。一方面消费、投资等数据有所钝化，但另一方面领先的信心指数有所企稳修复。特别是临近9月底，随着一系列增量政策陆续推出，市场对此给出了积极的反应，结合美联储超预期降息的推动，国内和海外的资金产生共振，对中国资产的关注度迅速升温，风险偏好明显改善。市场交易主线从红利、价值等防守方向，开始转向成长、科技等更为积极的主题，市场交易活跃度显著提升。从市场表现来看，三季度市场先跌后涨。创业板以29.2%的涨幅领涨主要指数，上证指数和深成指数涨幅分别为12.4%和19.0%。其他规模指数涨幅较为接近，沪深300、中证500、中证1000和中证2000涨幅分别为16.1%，16.2%，16.6%和17.7%。行业方面，非银以41.7%的涨幅位居第一，其他涨幅较多的行业还包括房地产、商贸零售、社会服务、计算机和传媒等。煤炭、石油石化和公用事业等表现靠后。基金投资策略方面，本基金通过风险模型限制行业和个股偏离，保持投资组合的风格暴露在合理范围之内。三季度市场先跌后涨，量化策略的选股风格也有了明显的转变。我们积极调整模型，在因子和策略层面及时补充反映市场动向的新想法，在风险管理层面也适时调整风险敞口暴露，以期在市场转向期能更好地适应市场变化。本基金由于还处于建仓期，因而采用较为稳健的建仓策略，以期为投资者创造更好的投资体验。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:05:21.402Z","fund":{"_id":3000000021655,"__csrcFundId":14100,"stockCode":"021655","masterFundShortName":"海富通量化选股混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":21655,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"海富通量化选股混合(021655)","lastUpdated":"2026-05-01T03:16:25.779Z","name":"海富通量化选股混合型证券投资基金","pinyin":"hftlhxghhxzqtzjj","fundCollectionId":4000050250000,"setUpAssetScale":17320781.55,"setUpDate":"2024-07-22T16:00:00.000Z","setUpShares":17320781.55,"inceptionDate":"2024-07-25T16:00:00.000Z","followedNum":5,"managers":[{"stockCode":"db20895138","stockType":"fund_manager","exchange":"fm","tickerId":122623231880,"name":"李自悟"}]},"announcement":{"linkText":"海富通量化选股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=1179688","linkType":"PDF","source":"csrc_pdf"}}]}