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年组合整体表现稳定，取得一定幅度的正收益。未来，我们将继续保持成长风格特征，精选优质个股，以勤勉尽责的态度做好组合管理，力求为投资者创造更好的持有体验。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:04:56.538Z","mo":"国内宏观经济延续温和复苏，财政政策加码与货币政策宽松仍是主基调，预计国内基本面环境平稳。外部环境方面，特朗普政策对全球市场的扰动依然不可低估。整体而言，权益市场的赚钱效应与国内环境平稳有望维持正循环的状态，预计下半年市场仍积极可为。","fund":{"_id":3000000001421,"stockCode":"001421","stockType":"fund","areaCode":"cn","followedNum":11,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2015-06-08T16:00:00.000Z","setUpScale":480946000,"market":"a","tickerId":1421,"custody":"中国银行股份有限公司","name":"南方量化成长股票型证券投资基金","shortName":"南方量化成长股票(001421)","fundSecondLevel":"company","__csrcFundId":4145,"fundStatus":"normal","lastUpdated":"2026-04-30T18:00:18.030Z","masterFundFlag":1,"inceptionDate":"2015-06-28T16:00:00.000Z","fundCollectionId":4000050020000,"currency":"CNY","masterFundShortName":"南方量化成长股票","pinyin":"nflhczgpxzqtzjj","managers":[{"stockCode":"db20906653","stockType":"fund_manager","exchange":"fm","tickerId":240712237410,"name":"许公磊"}]},"announcement":{"linkText":"南方量化成长股票型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1351417","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5787fea5b3eb0446f24","date":"2025-03-30T16:00:00.000Z","stockId":3000000001421,"sao":"本组合采用量化方式精选成长风格个股，通过对市场环境、估值水平、公司基本面等方面进行分析评估，来决定最终组合的持仓结构。一季度市场窄幅震荡但过程中结构分化明显且轮动现象突出，成长风格总体上好于市场均值。展望后市，A股经历过去几年的调整，当前处于新一轮上行周期的初段。市场整体估值便宜，随着宏观周期回暖，预期权益市场的回报率会迎来改善。未来基金经理将继续勤勉尽责的做好组合管理，力求为投资者创造更好的持有体验。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:04:56.535Z","fund":{"_id":3000000001421,"stockCode":"001421","stockType":"fund","areaCode":"cn","followedNum":11,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2015-06-08T16:00:00.000Z","setUpScale":480946000,"market":"a","tickerId":1421,"custody":"中国银行股份有限公司","name":"南方量化成长股票型证券投资基金","shortName":"南方量化成长股票(001421)","fundSecondLevel":"company","__csrcFundId":4145,"fundStatus":"normal","lastUpdated":"2026-04-30T18:00:18.030Z","masterFundFlag":1,"inceptionDate":"2015-06-28T16:00:00.000Z","fundCollectionId":4000050020000,"currency":"CNY","masterFundShortName":"南方量化成长股票","pinyin":"nflhczgpxzqtzjj","managers":[{"stockCode":"db20906653","stockType":"fund_manager","exchange":"fm","tickerId":240712237410,"name":"许公磊"}]},"announcement":{"linkText":"南方量化成长股票型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1277349","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5787fea5b3eb0446f23","date":"2024-12-30T16:00:00.000Z","stockId":3000000001421,"sao":"2024年，本基金主要通过量化投资模型投资于有增长潜力的股票，以量化选股模型股票投资为主，使用风格趋势，量化基本面，机构重仓，事件驱动等模型，以多策略融合模型进行股票投资。投资中主要考虑的因素包括企业的盈利能力、杠杆水平、企业的净利润增长率，营业收入增长率，近几年的复合净利润增长率等一系列成长性指标。在组合构建时综合考虑证券的预期收益及风险特性，对组合进行优化，在合理风险水平下追求基金收益最大化。同时在日常监控中，当个股市场价格明显高于其内在合理价值时适时卖出证券。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:04:56.533Z","mo":"展望2025年，A股市场经过过去几年的调整，目前估值已经处于历史上比较有性价比的区域。横向对比看，相较于与美日欧股市的估值，A股相对低估，对国际投资者的吸引力在上升。未来国内货币政策和财政政策有望维持积极，A股市场的总体估值有提升的空间。我们看好未来A股市场的投资机会。从因子层面看，过去几年表现较好的因子是价值和红利因子，未来投资机会比较好的因子可能是成长、动量和弹性因子。我们将保持量化策略的定力，综合考虑性价比，依靠优秀的量化选股模型来获取稳健回报。","fund":{"_id":3000000001421,"stockCode":"001421","stockType":"fund","areaCode":"cn","followedNum":11,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2015-06-08T16:00:00.000Z","setUpScale":480946000,"market":"a","tickerId":1421,"custody":"中国银行股份有限公司","name":"南方量化成长股票型证券投资基金","shortName":"南方量化成长股票(001421)","fundSecondLevel":"company","__csrcFundId":4145,"fundStatus":"normal","lastUpdated":"2026-04-30T18:00:18.030Z","masterFundFlag":1,"inceptionDate":"2015-06-28T16:00:00.000Z","fundCollectionId":4000050020000,"currency":"CNY","masterFundShortName":"南方量化成长股票","pinyin":"nflhczgpxzqtzjj","managers":[{"stockCode":"db20906653","stockType":"fund_manager","exchange":"fm","tickerId":240712237410,"name":"许公磊"}]},"announcement":{"linkText":"南方量化成长股票型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1257843","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5787fea5b3eb0446f22","date":"2024-09-29T16:00:00.000Z","stockId":3000000001421,"sao":"2024年3季度，本基金主要采用定量投资方法投资于模型评分较高的个股，以多策略融合模型进行股票投资。选股的因素主要包括企业的盈利能力、杠杆水平、企业的净利润增长率，营业收入增长率，近几年的复合净利润增长率等一系列成长性指标。使用风格趋势，量化基本面，机构重仓，事件驱动等模型，以多策略融合模型进行股票投资。基于基金组合中单个证券的预期收益及风险特性，对组合进行优化，在合理风险水平下追求基金收益最大化，同时监控组合中证券的估值水平，在市场价格明显高于其内在合理价值时适时卖出证券。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:04:56.530Z","fund":{"_id":3000000001421,"stockCode":"001421","stockType":"fund","areaCode":"cn","followedNum":11,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2015-06-08T16:00:00.000Z","setUpScale":480946000,"market":"a","tickerId":1421,"custody":"中国银行股份有限公司","name":"南方量化成长股票型证券投资基金","shortName":"南方量化成长股票(001421)","fundSecondLevel":"company","__csrcFundId":4145,"fundStatus":"normal","lastUpdated":"2026-04-30T18:00:18.030Z","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