Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-16.com/label.php on line 82
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!
随机图片

搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!

更新时间: 浏览次数: 371

400电话:123456(点击咨询)
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各观看免费《今日汇总》
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各热线观看免费2025已更新(2025已更新)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各区点热线观看免费《今日发布》
Random Image 搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!电话








7天观看免费人工电话为您、搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各观看免费《今日汇总》2025已更新(今日/推荐)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!电话区域:








宁夏回族自治区








泰州市(靖江市、泰兴市、姜堰区、高港区、海陵区、兴化市)








鹰潭市(余江区、月湖区、贵溪市)








广西壮族自治区  晋城市(城区、阳城县、泽州县、高平市、陵川县、沁水县)








威海市(荣成市、环翠区、文登区、乳山市)








嘉峪关市








晋中市(左权县、平遥县、榆社县、寿阳县、太谷区、祁县、介休市、和顺县、昔阳县、榆次区、灵石县)








日喀则市(拉孜县、岗巴县、谢通门县、吉隆县、白朗县、萨迦县、定日县、江孜县、聂拉木县、康马县、定结县、南木林县、萨嘎县、仁布县、仲巴县、桑珠孜区、昂仁县、亚东县)  开封市(杞县、通许县、尉氏县、顺河回族区、龙亭区、兰考县、禹王台区、祥符区、鼓楼区)








咸阳市(渭城区、三原县、彬州市、杨陵区、长武县、武功县、乾县、淳化县、秦都区、泾阳县、兴平市、礼泉县、旬邑县、永寿县)








三亚市(崖州区、吉阳区、海棠区、天涯区)








南京市(鼓楼区、高淳区、浦口区、秦淮区、六合区、雨花台区、栖霞区、江宁区、建邺区、溧水区、玄武区)








葫芦岛市(建昌县、龙港区、南票区、兴城市、连山区、绥中县)








柳州市(城中区、柳江区、融安县、鱼峰区、融水苗族自治县、柳南区、鹿寨县、三江侗族自治县、柳北区、柳城县)








鸡西市(梨树区、密山市、滴道区、虎林市、鸡冠区、恒山区、城子河区、鸡东县、麻山区)








新余市(渝水区、分宜县)








宜春市(高安市、丰城市、铜鼓县、上高县、奉新县、袁州区、宜丰县、樟树市、靖安县、万载县)








杭州市(富阳区、萧山区、临平区、拱墅区、滨江区、淳安县、临安区、西湖区、桐庐县、余杭区、建德市、上城区、钱塘区)








呼和浩特市(清水河县、玉泉区、赛罕区、回民区、土默特左旗、托克托县、和林格尔县、新城区、武川县)








江门市(蓬江区、鹤山市、新会区、恩平市、开平市、江海区、台山市)








长沙市(天心区、浏阳市、芙蓉区、雨花区、宁乡市、岳麓区、开福区、长沙县、望城区)








阿拉善盟(额济纳旗、阿拉善左旗、阿拉善右旗)








武汉市(洪山区、汉阳区、青山区、东西湖区、硚口区、江夏区、江岸区、新洲区、汉南区、武昌区、蔡甸区、黄陂区、江汉区)








七台河市(茄子河区、勃利县、桃山区、新兴区)








临夏回族自治州(临夏市、积石山保安族东乡族撒拉族自治县、临夏县、广河县、永靖县、康乐县、和政县、东乡族自治县)








南昌市(东湖区、青山湖区、青云谱区、南昌县、进贤县、西湖区、红谷滩区、新建区、安义县)








张掖市(山丹县、高台县、临泽县、肃南裕固族自治县、甘州区、民乐县)








锦州市(凌河区、古塔区、北镇市、义县、太和区、黑山县、凌海市)
400电话:123456(点击咨询)
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各观看免费《今日汇总》《今日发布》
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各观看免费《今日汇总》(2025已更新)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!各观看免费《今日汇总》【2025已更新列表】
搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!电话








7天观看免费人工电话为您、搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!中心2025已更新(今日/推荐)








搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!电话区域:








临汾市(乡宁县、蒲县、永和县、浮山县、曲沃县、隰县、霍州市、大宁县、吉县、襄汾县、安泽县、尧都区、洪洞县、汾西县、古县、侯马市、翼城县)








通辽市(奈曼旗、扎鲁特旗、库伦旗、科尔沁区、科尔沁左翼后旗、开鲁县、科尔沁左翼中旗、霍林郭勒市)








石嘴山市(大武口区、平罗县、惠农区)








达州市(宣汉县、开江县、通川区、渠县、万源市、大竹县、达川区)  湘西土家族苗族自治州(龙山县、保靖县、古丈县、吉首市、泸溪县、花垣县、永顺县、凤凰县)








金华市(磐安县、兰溪市、东阳市、浦江县、义乌市、武义县、金东区、永康市、婺城区)








南平市(顺昌县、浦城县、邵武市、政和县、武夷山市、建阳区、松溪县、延平区、光泽县、建瓯市)








黔南布依族苗族自治州(福泉市、平塘县、惠水县、瓮安县、独山县、长顺县、罗甸县、荔波县、龙里县、都匀市、贵定县、三都水族自治县)佛山市(南海区、禅城区、高明区、三水区、顺德区)








湖州市(长兴县、吴兴区、南浔区、德清县、安吉县)  青岛市(市北区、平度市、市南区、崂山区、李沧区、城阳区、莱西市、即墨区、黄岛区、胶州市)








汉中市(西乡县、城固县、佛坪县、略阳县、南郑区、汉台区、镇巴县、宁强县、洋县、留坝县、勉县)








白银市(会宁县、景泰县、平川区、靖远县、白银区)








大连市(中山区、普兰店区、西岗区、长海县、金州区、沙河口区、瓦房店市、甘井子区、旅顺口区、庄河市)朔州市(右玉县、怀仁市、山阴县、朔城区、平鲁区、应县)








双鸭山市(宝山区、四方台区、集贤县、饶河县、岭东区、尖山区、宝清县、友谊县)








三门峡市(湖滨区、灵宝市、卢氏县、陕州区、渑池县、义马市)








昌都市(察雅县、类乌齐县、江达县、左贡县、丁青县、贡觉县、芒康县、卡若区、边坝县、八宿县、洛隆县)








绥化市(安达市、海伦市、明水县、望奎县、北林区、绥棱县、肇东市、青冈县、兰西县、庆安县)








五指山市(琼海市、临高县、琼中黎族苗族自治县、保亭黎族苗族自治县、文昌市、昌江黎族自治县、万宁市、澄迈县、定安县、东方市、白沙黎族自治县、屯昌县、陵水黎族自治县、乐东黎族自治县)








南宁市(江南区、横州市、宾阳县、隆安县、邕宁区、上林县、良庆区、青秀区、兴宁区、马山县、武鸣区、西乡塘区)








镇江市(润州区、丹阳市、扬中市、京口区、丹徒区、句容市)








阳泉市(矿区、城区、郊区、平定县、盂县)








徐州市(贾汪区、沛县、泉山区、邳州市、新沂市、鼓楼区、睢宁县、云龙区、铜山区、丰县)








德州市(夏津县、齐河县、禹城市、武城县、陵城区、平原县、德城区、乐陵市、宁津县、临邑县、庆云县)








舟山市(普陀区、岱山县、定海区、嵊泗县)








黄石市(黄石港区、西塞山区、下陆区、阳新县、铁山区、大冶市)








天水市(武山县、秦安县、麦积区、清水县、张家川回族自治县、甘谷县、秦州区)








宜昌市(五峰土家族自治县、点军区、夷陵区、猇亭区、秭归县、远安县、西陵区、当阳市、伍家岗区、兴山县、宜都市、枝江市、长阳土家族自治县)








长治市(长子县、沁县、上党区、潞城区、武乡县、屯留区、平顺县、黎城县、襄垣县、壶关县、潞州区、沁源县)








许昌市(魏都区、建安区、襄城县、鄢陵县、禹州市、长葛市)

来源:@华夏时报微博

华夏时报记者叶青见习记者栗鹏菲北京报道

曾以“新兴产业”为标签叱咤资本市场的明星基金,如今深陷规模业绩双杀泥潭;执掌量化业务近十年的投资老将悄然离场,留下策略延续性隐忧;超四分之一产品沦为“迷你基”,养老FOF未老先衰......中信保诚基金正面临多维度挑战。

这家成立于2005年的中生代公募,在行业马太效应加剧的当下,如何重振投研体系、挽回投资者信任,成为亟待破解的课题。

明星产品陨落:百亿元爆款三年缩水八成

2021年风光无限的中信保诚新兴产业混合A,如今已成为基民心中的“伤痛记忆”。最新披露的年报显示,该基金2024年已实现收益-9752.02万元,利润亏损2.03亿元,份额净值增长率-7.64%。

若将时间拉长,其净值滑坡更显触目惊心:2022年至2023年,中信保诚新兴产业混合A分别实现收益-22.62亿元及-18.99亿元;利润分别为-26.75亿元及-15.91亿元;基金份额净值增长率分别为-31.05%及-36.45%。

过去3年,中信保诚新兴产业混合A份额净值增长率为-59.53%。截至2024年末,其期末基金资产净值已由2021年末的近100亿元跌至不足20亿元。

中信保诚新兴产业混合型证券投资基金2024年年度报告数据

“新兴产业主题基金出现短期波动可以理解,但连续三年排名垫底实属异常。”某头部券商金融工程研究团队负责人指出,该基金持仓集中度过高或是致命伤。公开资料显示,根据申万一级行业分类,中信保诚新兴产业混合最近几个报告期持有电力设备、电子、通信、汽车等板块的占比较高。其中,电力设备是该基金近年来持续重仓的板块。

2024年末,基金经理进行了大幅调仓换股。前十大重仓股中,宁德时代、亿纬锂能(维权)、阳光电源等电力设备股票消失,取而代之的是新易盛、三环集团、立讯精密等通信、电子行业股票。

值得关注的是,孙浩中管理的其他产品亦表现疲软。截至2025年4月17日,其管理的14只产品中,任职回报为正的仅占6只。中信保诚新兴产业混合C任职回报为-70.04%,中信保诚中小盘混合A任职回报为-44.80%。

量化元老谢幕:“混合策略”传承遇考

4月12日的基金经理变更公告,标志着量化投资领域一个时代的落幕。深耕量化27年的元老提云涛正式卸任,这位中信保诚量化投资总监的离任,给公司特色“量化+主动”混合策略的延续带来不确定性。

提云涛的职业生涯堪称中国量化投资发展史的缩影:1998年即开始量化研究,历任多家头部机构要职,更是申万系列指数的设计者之一。其学术论文《我国上市公司股权融资偏好研究》被广泛引用,2015年加盟中信保诚后开创的混合策略曾穿越多轮市场周期。

“传统量化策略面临同质化竞争,而‘主动+量化’模式对投研协同要求极高。”某外资量化机构研究主管告诉《华夏时报》记者,继任者能否延续策略精髓存在不确定性。此前,中信保诚基金已为此次人事变动启动了“共管过渡+解聘通知”的渐进式方案。自2025年2月起,公司陆续为提云涛管理的产品增聘姜鹏、柳红亮等新生代基金经理,逐步移交管理权。

值得玩味的是,就在提云涛卸任前一周的4月7日,恒大高新股票盘中跌停,引发市场关注。财报显示,中信保诚基金旗下中信保诚多策略混合(LOF)A进入恒大高新前十大股东,且为去年四季度新进,持股比例为0.33%。

关于提云涛的卸任是出于个人职业规划调整,还是公司战略方向转变的一部分,以及继任者将如何确保策略的稳定性和连续性等问题,《华夏时报》记者联系中信保诚基金求证,截至发稿未获得回应。

迷你基困局:23只产品踩清盘红线

中信保诚基金的产品结构失衡问题十分严重。债券型和货币市场型基金在公司产品中占比超83%,而权益类产品占比不足20%。这种极端的产品结构分化,反映出公司在产品布局上的短板。

更为棘手的是产品线持续萎缩。Wind数据显示,截至2024年一季度末,公司旗下87只基金中,23只规模不足5000万元,占比高达四分之一。这些基金随时面临清盘“红线”,成为被市场边缘化的“迷你基”。

业内人士表示,在投资操作上,迷你基金由于规模较小,投资灵活性受到限制,难以进行有效的资产配置。同时,由于管理费等收入有限,基金公司在投研等方面对迷你基金的投入也相对较少,这进一步影响了基金的业绩表现。而业绩不佳又会导致投资者赎回,基金规模进一步萎缩,形成恶性循环。

被寄予厚望的养老目标基金,也未能逃过清盘命运。2024年3月,中信保诚养老2035三年持有混合FOF基金规模未能达到2亿元而清盘;2024年7月,中信保诚养老2040三年持有混合FOF基金规模未能达到2亿元而清盘。

不止于此,虽然近年指数基金发行火热,但是中信保诚基金指数基金产品也募集失败。2024年11月30日,中信保诚基金公告,公司旗下上证科创板100指数增强基金合同不能生效,未能募集成功直接宣告“夭折”。

业内人士指出,中信保诚基金的困境是中小公募生存现状的典型写照。正如提云涛所言“量化是一场删繁化简的旅行”,公司或许更需要回归资管本源——以可持续的收益逻辑取代规模冲动,方能在行业寒冬后迎来新生。其突围不仅需要刮骨疗毒式的内部改革,更需在投资者信任重建上展现诚意。

责任编辑:麻晓超主编:夏申茶

搞机的软件App - 用幽默的笔触描绘生活的酸甜苦辣,让你忍俊不禁!的相关文章 巴西人成了乒乓球世界冠军的相关文章
刘涛红披风妈祖神女变装
多只宠物犬随主人逛公园疑中毒死亡
客户送修的电饭锅内盖打开全是霉菌
雨果曾说樊振东是世界上最厉害的
桂林旅游累计亏损近10亿
重庆无人机灯光秀全年预计展演90场
林诗栋不敌雨果无缘世界杯冠军
王力宏发了段加密广东话
超2300万美国人准备迎接强震
柯南剧场版最封神的一部
易烊千玺解锁珀莱雅双抗精华
俄征兵部门突袭澡堂抓壮丁?不实
  • 友情链接:
  • vivo X系列春季新品发布会 JDG主教练金大湖卸任 广厦男篮2比2青岛男篮 谢浩男妈妈直播带货销售额超1亿 男子幻想被“做法”后杀人被判死缓 陶喆在演唱会上怀念父亲 vivo X系列春季新品发布会 中方会否同美谈判 中国驻英使馆回应 爸爸给女儿打伞打了个寂寞 马拉松夺冠的天工机器人将量产

    查看更多评价 ∨