window.pageData = {"stock":{"_id":3000000023203,"stockCode":"023203","masterFundShortName":"兴全中证沪港深300指数增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":23203,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"兴全中证沪港深300指数增强A","name":"兴全中证沪港深300指数增强型证券投资基金","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"setUpAssetScale":105026771.97,"setUpDate":"2025-03-31T16:00:00.000Z","setUpShares":105026771.97,"inceptionDate":"2025-04-02T16:00:00.000Z","followedNum":0,"indexFundFlag":1,"indexId":1000000931395,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50310000","tickerId":50310000,"name":"兴证全球基金管理有限公司"},"index":{"areaCode":"cn","stockType":"index","exchange":"csi","stockCode":"931395","tickerId":931395,"name":"沪港深300","rebalancingFrequency":"semi-annually"},"managers":[{"name":"田大伟","stockType":"fund_manager","stockCode":"8801382035","exchange":"fm","tickerId":200423140010}],"hotMetrics":{"fss":{"stockId":3000000023203,"type":"fss","last_data_date":"2025-06-29T16:00:00.000Z","f_ins_h_s_r":0.2757,"f_ind_h_s_r":0.7243,"f_h_a":620},"fpr":{"stockId":3000000023203,"type":"fpr","f_cagr_p_r_fs_ssc":5914,"f_cagr_p_r_fs_ssrp":0.22949433451716555,"f_p_r_m1_ssc":5828,"f_p_r_m1_ssrp":0.5179337566500772,"f_p_r_m3_ssc":5700,"f_p_r_m3_ssrp":0.5636076504649938,"f_p_r_m6_ssc":5414,"f_p_r_m6_ssrp":0.6493626454830963,"f_p_r_fys_ssc":5565,"f_p_r_fys_ssrp":0.6238317757009346,"f_p_r_y1_ssc":4647,"f_p_r_y1_ssrp":0.6913473956091262},"fp":{"stockId":3000000023203,"type":"fp","last_data_date":"2026-05-21T16:00:00.000Z","f_cagr_p_r_fs":0.21596759980609948,"f_p_r_m1":0.009299692705805773,"f_p_r_m3":0.01869082598759375,"f_p_r_m6":0.07059529936524234,"f_p_r_fys":0.0407771847898597,"f_p_r_y1":0.17225509533201722},"ff":{"stockId":3000000023203,"type":"ff","f_fr_d":"2025-11-30T16:00:00.000Z","f_m_fr":0.008,"f_c_fr":0.0015,"f_mac_fr":0.0095},"f_nlacan":{"stockId":3000000023203,"type":"f_nlacan","f_nv_d":"2026-05-21T16:00:00.000Z","f_nv":1.2481,"f_nv_cr":0.01191827468785478},"f_as":{"stockId":3000000023203,"type":"f_as","f_tas":31437370.795199998,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000023204,"name":"兴全中证沪港深300指数增强型证券投资基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"stockCode":"023204","tickerId":23204,"shortName":"兴证全球中证沪港深300指数增强C","currency":"CNY","__csrcFundId":14856,"exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-05-22T17:14:15.866Z","inceptionDate":"2025-04-02T16:00:00.000Z","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"__indexSourceEastMoney":1,"followedNum":0,"indexId":1000000931395}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":300750,"holdings":13000,"marketCap":5222100,"netValueRatio":0.0447,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":1000000000000700,"holdings":9800,"marketCap":4188008,"netValueRatio":0.0359,"quarterlyChange":-0.19198664440734592,"stock":{"stockCode":"00700","exchange":"hk","stockType":"company","tickerId":700,"name":"腾讯控股"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":600519,"holdings":2300,"marketCap":3335000,"netValueRatio":0.0286,"quarterlyChange":0.052876167240301974,"stock":{"stockCode":"600519","exchange":"sh","stockType":"company","tickerId":600519,"name":"贵州茅台"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":1000000000000005,"holdings":28400,"marketCap":3154533,"netValueRatio":0.027,"quarterlyChange":0.056550939542483025,"stock":{"stockCode":"00005","exchange":"hk","stockType":"company","tickerId":5,"name":"汇丰控股"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":1000000000009988,"holdings":28900,"marketCap":3036553,"netValueRatio":0.026,"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":3000000023203,"stockId":601899,"holdings":78900,"marketCap":2581608,"netValueRatio":0.0221,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":601318,"holdings":38000,"marketCap":2157640,"netValueRatio":0.0185,"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":3000000023203,"stockId":601138,"holdings":38900,"marketCap":2001794,"netValueRatio":0.0171,"quarterlyChange":-0.16619693163324978,"stock":{"stockCode":"601138","exchange":"sh","stockType":"company","tickerId":601138,"name":"工业富联"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":688256,"holdings":1884,"marketCap":1851972,"netValueRatio":0.0159,"quarterlyChange":-0.27483309357825236,"stock":{"stockCode":"688256","tickerId":688256,"exchange":"sh","stockType":"company","name":"寒武纪"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockId":601398,"holdings":229200,"marketCap":1751088,"netValueRatio":0.015,"quarterlyChange":-0.036569987389659775,"stock":{"stockCode":"601398","exchange":"sh","stockType":"company","tickerId":601398,"name":"工商银行"}}],"bondHoldings":[{"_id":"69e8fbc41398d79843003e1a","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000023203,"stockCode":"220203","stockName":"22国开03","holdings":100000,"marketCap":10138136,"netValueRatio":0.0868,"lastUpdated":"2026-04-22T16:48:04.531Z"}],"lastFsMetrics":{"latestTurnoverRate":4.988207092607956,"latestTurnoverRateDate":"2025-06-29T16:00:00.000Z"}},"list":[{"_id":"69e8ec7e1398d79843fe9eaa","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000023203,"sao":"2026年1季度，全球地缘政治紧张升级，中东冲突推高油价与通胀预期，全球股市波动加大，市场不时转向避险资产。在此背景下，中国股票市场虽受外围影响波动加剧，但AI算力、国产替代、存储芯片等主线景气度持续扩散，成为市场结构性亮点。　　从量化模型角度看，这种热点板块行情在过去多年的市场中也时有出现，把复杂问题简单化，如果只从成长和价值两个维度来看，2025年市场的成长风格明显，2026年仍然可能会持续，这与过去两三年价值风格更优的特点是不同的，需要量化模型高度重视和做出相应调整。　　基于以上对市场分析，以及对沪港深300指数增强产品所用量化增强模型的了解，我们仍会在首选稳健性模型的同时积极应对。第一目标仍是跟上沪港深300指数，之后谋求超额。我们会在符合合同的情况下，继续维持大多数持仓来自成份股，在一定程度上维持行业和市值等风格的中性。同时我们也会在量化多因子的框架下，研究各行业和风格板块在量化因子上的载荷变化，择机适度进行行业和风格板块的偏离。我们也会在港股资产和A股资产大类上进行重点研究，继续迭代研发新模型，在不断迭代高频量价因子、机器学习类因子的同时，高度重视和积极运用基金重仓股因子、行业研究员一致预期因子、业绩超预期、成长类因子的研究和使用，储备和运用在某一类型资产聚集性表现时或者市场极涨极跌时相对稳健的模型，力争实现持续稳定的超额收益。","lastUpdated":"2026-04-22T15:42:54.083Z","fund":{"_id":3000000023203,"__csrcFundId":14856,"stockCode":"023203","masterFundShortName":"兴全中证沪港深300指数增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":23203,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"兴全中证沪港深300指数增强(023203)","lastUpdated":"2026-05-22T17:15:42.631Z","name":"兴全中证沪港深300指数增强型证券投资基金","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"__indexSourceEastMoney":1,"setUpAssetScale":105026771.97,"setUpDate":"2025-03-31T16:00:00.000Z","setUpShares":105026771.97,"inceptionDate":"2025-04-02T16:00:00.000Z","__indexSourceCsi":1,"followedNum":0,"indexFundFlag":1,"indexId":1000000931395,"managers":[{"stockCode":"8801382035","stockType":"fund_manager","exchange":"fm","tickerId":200423140010,"name":"田大伟"}]},"announcement":{"linkText":"兴全中证沪港深300指数增强型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1478813","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3e07fea5b3eb0542676","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000023203,"sao":"回顾2025年，中国股票市场各类指数业绩良好，尤其是科技创新类、有色金属类、创新医药等板块表现靓丽。我们认为这是中国经济发展和科技进步的体现。我们观察到，如果以沪深300全收益指数来看，其过去的涨跌幅跟经济增速是相匹配的。随着国家经济的发展，相关顺应时代趋势的板块阶段性表现靓丽是可以理解的。也许贸易争端等会不时带来扰动，但也是风险与机遇并存。随着国内经济基础的不断夯实、科技创新效果的不断显现，加上国内政策态度积极，各界对资本市场呵护有力，我们仍然认为，权益市场总体下行风险可控，上行空间仍然存在。　　同时，我们也观察到，随着热点板块中部分股票短期内涨幅迅速，聚集性、脉冲性上涨不断出现，市场热情被不断推高。　　从量化模型角度看，这种热点板块行情在过去多年的市场中也时有出现，比较看重行业和风格中性的量化模型持仓比较分散，对此类信息的捕捉相对钝化，但是市场行情相对平稳的时间是更多的，因此在2025年，相关模型仍然有超额收益，只是超额收益跟集中抓住热点股票的产品相比比较平淡。　　展望2026年，在经济、政策、国际环境没有发生大的变化情况下，我们判断市场的现有主要趋势更可能会延续。从量化模型的角度，我们把复杂问题简单化，如果只从成长和价值两个维度来看，2025年市场的成长风格明显，2026年仍然可能会持续，这与过去两三年价值风格更优的特点是不同的，需要量化模型高度重视和做出相应调整。　　基于以上对市场分析，以及对沪港深300指数增强产品所用量化增强模型的了解，我们仍会在首选稳健性模型的同时积极应对。第一目标仍是跟上沪港深300指数，之后谋求超额。我们会在符合合同的情况下，继续维持大多数持仓来自成份股，在一定程度上维持行业和市值等风格的中性。在2026年，在港股资产和A股资产大类上进行重点研究，继续迭代研发新模型，在不断迭代高频量价因子、机器学习类因子的同时，高度重视和积极运用基金重仓股因子、行业研究员一致预期因子、业绩超预期、成长类因子的研究和使用，储备和运用在某一类型资产聚集性表现时或者市场极涨极跌时相对稳健的模型，力争实现持续稳定的超额收益。","lastUpdated":"2026-03-09T14:06:24.996Z","fund":{"_id":3000000023203,"__csrcFundId":14856,"stockCode":"023203","masterFundShortName":"兴全中证沪港深300指数增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":23203,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"兴全中证沪港深300指数增强(023203)","lastUpdated":"2026-05-22T17:15:42.631Z","name":"兴全中证沪港深300指数增强型证券投资基金","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"__indexSourceEastMoney":1,"setUpAssetScale":105026771.97,"setUpDate":"2025-03-31T16:00:00.000Z","setUpShares":105026771.97,"inceptionDate":"2025-04-02T16:00:00.000Z","__indexSourceCsi":1,"followedNum":0,"indexFundFlag":1,"indexId":1000000931395,"managers":[{"stockCode":"8801382035","stockType":"fund_manager","exchange":"fm","tickerId":200423140010,"name":"田大伟"}]},"announcement":{"linkText":"兴全中证沪港深300指数增强型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1457435","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3e07fea5b3eb0542675","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000023203,"sao":"今年前三季度，中国股票市场各类指数业绩良好，尤其是科技类、有色金属类、创新医药等板块表现靓丽。我们认为这是中国经济发展和科技进步的体现。贸易争端等即使会带来扰动，也是机遇与风险并存。加上国内政策态度积极，各界对资本市场呵护力量较强。因此，权益市场总体下行风险可控，上行空间仍然存在。　　同时，我们也观察到，8月份以来，部分股票涨幅迅速，已成为沪深300这样大市值宽基指数的重要成份股。市场热情很高。　　从量化模型角度看，8、9月份的科技等热点板块行情有些类似于去年9月份的市场，模型在8月前还能较好地捕捉此类板块信息，之后对此类股票比较钝化，量化模型超额收益期间随之有所回撤。仍然从模型的角度看，去年10月到12月份，也就是行情相对平稳后，模型的超额会进行修复。需要指出，如果只从成长和价值两个维度来看，今年市场的成长风格明显，未来仍然可能会持续，这与过去两三年价值风格更优的特点是不同的，需要量化模型高度重视。　　基于以上对市场分析，以及对沪港深300指数增强产品所用量化增强模型的了解，我们仍会首先选择稳健性模型，第一目标是跟上沪港深300指数，之后谋求超额。继续维持大多数持仓来自成份股，在一定程度上维持行业和市值等风格的中性。继续迭代研发新模型，在不断迭代高频量价因子、机器学习类、成长类因子的同时，高度重视港股相关因子的研究。储备和运用在某一类型资产聚集性表现时或者市场极涨极跌时相对稳健的模型，力争实现持续稳定的超额收益。","lastUpdated":"2026-03-09T14:06:24.993Z","fund":{"_id":3000000023203,"__csrcFundId":14856,"stockCode":"023203","masterFundShortName":"兴全中证沪港深300指数增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":23203,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"兴全中证沪港深300指数增强(023203)","lastUpdated":"2026-05-22T17:15:42.631Z","name":"兴全中证沪港深300指数增强型证券投资基金","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"__indexSourceEastMoney":1,"setUpAssetScale":105026771.97,"setUpDate":"2025-03-31T16:00:00.000Z","setUpShares":105026771.97,"inceptionDate":"2025-04-02T16:00:00.000Z","__indexSourceCsi":1,"followedNum":0,"indexFundFlag":1,"indexId":1000000931395,"managers":[{"stockCode":"8801382035","stockType":"fund_manager","exchange":"fm","tickerId":200423140010,"name":"田大伟"}]},"announcement":{"linkText":"兴证全球中证沪港深300指数增强型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1381215","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed3e07fea5b3eb0542674","date":"2025-06-29T16:00:00.000Z","stockId":3000000023203,"sao":"今年二季度初美国发起的贸易争端对市场造成了短暂冲击，随后市场一直处于修复状态。　　我们一直认为贸易争端虽然会对外部需求造成较大的冲击，特别对制造业出口驱动经济增长构成较大挑战，但中国国内经济和资本市场环境已与首次贸易争端时迥然不同（首次贸易争端时，房地产问题、地方债务、资本新规等都同时聚焦在一起）。另外，此次美国增加关税是对全球多个国家同时进行，以中国目前的制造业实力，相对腾挪的空间更大。同时，关税争端的冲击也存在递减效应。因此，我们判断之后的A股市场走势虽然仍会受到国际市场的扰动，但将更多地取决于国内因素。　　我们观察到国内科技、消费、甚至投资都有很多闪亮点，国内政策态度积极，各界对资本市场呵护力量较强，因此，权益市场总体下行风险可控，上行空间仍然存在。在这种背景下，沪港深300这样的宽基指数值得关注。　　与此同时，我们也观察到今年上半年市场市值偏小的股票表现相对较好。目前市值偏小股票的交易量占比已接近2024年年初时的水平，而当时市值偏小股票出现了一定程度的风险。我们虽然难以判断是否类似的情况就要发生，但显然相关的风险正在累积。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:06:24.990Z","mo":"基于以上对市场分析，以及对沪港深300指数增强产品所用量化增强模型的了解，我们仍会首先选择稳健性模型，第一目标是跟上沪港深300指数，之后谋求超额。继续维持大多数持仓来自成份股，在一定程度上维持行业和市值等风格的中性。继续迭代研发新模型，在不断迭代高频量价因子、机器学习类因子的同时。高度重视港股相关因子的研究。储备和运用在某一类型资产聚集性表现时或者市场极涨极跌时相对稳健的模型，力争实现持续稳定的超额收益。","fund":{"_id":3000000023203,"__csrcFundId":14856,"stockCode":"023203","masterFundShortName":"兴全中证沪港深300指数增强","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":23203,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"兴全中证沪港深300指数增强(023203)","lastUpdated":"2026-05-22T17:15:42.631Z","name":"兴全中证沪港深300指数增强型证券投资基金","pinyin":"xqzzhgs300zszqxzqtzjj","fundCollectionId":4000050310000,"__indexSourceEastMoney":1,"setUpAssetScale":105026771.97,"setUpDate":"2025-03-31T16:00:00.000Z","setUpShares":105026771.97,"inceptionDate":"2025-04-02T16:00:00.000Z","__indexSourceCsi":1,"followedNum":0,"indexFundFlag":1,"indexId":1000000931395,"managers":[{"stockCode":"8801382035","stockType":"fund_manager","exchange":"fm","tickerId":200423140010,"name":"田大伟"}]},"announcement":{"linkText":"兴证全球中证沪港深300指数增强型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1344720","linkType":"PDF","source":"csrc_pdf"}}]}