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年将继续发挥灵活交易优势，博取更多利率波段收益。","fund":{"_id":3000000020248,"__csrcFundId":13708,"stockCode":"020248","masterFundShortName":"惠升中债7-10年政金债指数","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":20248,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-06-01T02:25:40.848Z","status":"normal","exchange":"jj","shortName":"惠升中债7-10年政金债指数(020248)","name":"惠升中债7-10年政策性金融债指数证券投资基金","fundCollectionId":4000051720000,"setUpAssetScale":5399987523.44,"setUpDate":"2024-03-12T16:00:00.000Z","setUpShares":5399987523.44,"inceptionDate":"2024-03-14T16:00:00.000Z","pinyin":"hszz7-10nzcxjrzzszqtzjj","followedNum":2,"memoNum":1,"indexFundFlag":1,"managers":[{"stockCode":"db20901720","stockType":"fund_manager","exchange":"fm","tickerId":192506238770,"name":"沈亚峰"}]},"announcement":{"linkText":"惠升中债7-10年政策性金融债指数证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1248704","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed34c7fea5b3eb053ae67","date":"2024-09-29T16:00:00.000Z","stockId":3000000020248,"sao":"整个三季度由于基本面持续弱化的情况边际变化不大，市场走势主要被政策所驱动，货币政策方面，市场在7月下旬三中全会后超预期降息，在9月份大部分时间对降息预期提前交易，导致了利率可观的下行幅度，其他稳增长政策方面，之前始终处在不及预期的状态，直至9月末一系列政策组合拳集中发布，对市场产生了重大影响，引发利率快速上行，导致整个三季度利率呈现先下后上的走势。报告期内，组合通过久期策略、期限结构策略以及个券置换策略的运用在跟踪指数的基础上创造了明显的超额收益。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:56.024Z","fund":{"_id":3000000020248,"__csrcFundId":13708,"stockCode":"020248","masterFundShortName":"惠升中债7-10年政金债指数","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":20248,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-06-01T02:25:40.848Z","status":"normal","exchange":"jj","shortName":"惠升中债7-10年政金债指数(020248)","name":"惠升中债7-10年政策性金融债指数证券投资基金","fundCollectionId":4000051720000,"setUpAssetScale":5399987523.44,"setUpDate":"2024-03-12T16:00:00.000Z","setUpShares":5399987523.44,"inceptionDate":"2024-03-14T16:00:00.000Z","pinyin":"hszz7-10nzcxjrzzszqtzjj","followedNum":2,"memoNum":1,"indexFundFlag":1,"managers":[{"stockCode":"db20901720","stockType":"fund_manager","exchange":"fm","tickerId":192506238770,"name":"沈亚峰"}]},"announcement":{"linkText":"惠升中债7-10年政策性金融债指数证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170003","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed34c7fea5b3eb053ae66","date":"2024-06-29T16:00:00.000Z","stockId":3000000020248,"sao":"上半年宏观经济先升后降，呈现供给强、外需强、内需弱的特点，稳增长政策有进一步发力，但程度有限，且效果尚未显现，实体经济融资需求弱势与政府债供给偏慢，共同促成上半年债券市场牛市。报告期内，本基金严格执行分层抽样复制的策略，实现对指数基准的有效跟踪，并努力通过久期策略、期限结构策略与个券交易策略创造超额收益。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:03:56.021Z","mo":"宏观经济整体弱势，稳增长政策在固本培元理念指导下更加重视经济修复的质量与持续力，包括三中全会在内政策超预期概率较小，即使有所超预期，市场在学习效应下可能也并不会引发快速的预期扭转。从央行上半年与市场的沟通以及其对资金面的把控来看，下半年货币政策预计继续保持支持力度，即使测算的下半年政府债月度供给规模将比上半年翻倍，也难以引发类似去年四季度的资金面波动，为市场提供预期稳定的套息环境，银行间杠杆率有望从当前的历史低位回升，有利于全曲线利差压缩，下半年货币政策外部压力减轻确定性较大。因此我们判断下半年利率潜在上行幅度有限，下行仍有空间，利率债曲线从中端到长端有所走平。","fund":{"_id":3000000020248,"__csrcFundId":13708,"stockCode":"020248","masterFundShortName":"惠升中债7-10年政金债指数","fundSecondLevel":"bond","stockType":"fund","areaCode":"cn","market":"a","tickerId":20248,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-06-01T02:25:40.848Z","status":"normal","exchange":"jj","shortName":"惠升中债7-10年政金债指数(020248)","name":"惠升中债7-10年政策性金融债指数证券投资基金","fundCollectionId":4000051720000,"setUpAssetScale":5399987523.44,"setUpDate":"2024-03-12T16:00:00.000Z","setUpShares":5399987523.44,"inceptionDate":"2024-03-14T16:00:00.000Z","pinyin":"hszz7-10nzcxjrzzszqtzjj","followedNum":2,"memoNum":1,"indexFundFlag":1,"managers":[{"stockCode":"db20901720","stockType":"fund_manager","exchange":"fm","tickerId":192506238770,"name":"沈亚峰"}]},"announcement":{"linkText":"惠升中债7-10年政策性金融债指数证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1141429","linkType":"PDF","source":"csrc_pdf"}}]}