最新行情显示，国际原油价格持续拉升，WTI原油涨5.02%，报74.803美元/桶；布伦特原油涨5.03%，报81.653 美元/桶。 油价行情依然亢奋！ 今日（3月3日），资源主线交易依然火热，多只油气类主题基金依然延续涨停态势。具体来看，标普油气ETF嘉 实、油气ETF银华、石油ETF富国、油气ETF博时、油气ETF汇添富等多只产品涨停。 | 名称 | | 涨跌 | 现价 | 日回报 年初至今 | | | --- | --- | --- | --- | --- | --- | | 原油LOF易方达 | 0.153 | 10.02% | 1.680 c | 0.69% 13.76% | | | 石油基金LOF | | 0.263 10.01% | 2.890 c | 0.97% | 15.90% | | 车TLOF | | 0.204 10.01% | 2.241 c | 2.20% | 15.09% | | 石油LOF | 0.276 | 10.00% | 3.035 c | 1.99% | 16.17% | | 嘉实原油LOF | 0.172 | 10.00% | 1.892 c | 0.77% | 1 ...

证券研究报告 | 2026年03月03日 基金周报 公募基金规模连续 10 个月创历史新高，中欧基金发布《FOF 多元资 产配置洞察报告》 核心观点 金融工程周报 上周市场回顾。上周 A 股市场主要宽基指数全线上涨，中证 1000、中证 500、中小板指指数收益靠前，收益分别为 4.34%、4.32%、2.87%，创 业板指、沪深 300、科创 50 指数收益靠后，收益分别为 1.05%、1.08%、 1.20%。 从成交额来看，除中小板指外，上周主要宽基指数成交额均有所下降。 行业方面，上周钢铁、有色金属、基础化工收益靠前，收益分别为 11.80%、 9.74%、6.21%，传媒、消费者服务、食品饮料收益靠后，收益分别为 -4.44%、-4.02%、-1.50%。 截至上周五，央行逆回购净回笼资金 7274 亿元，逆回购到期 22524 亿 元，净公开市场投放 15250 亿元。除 10 年期外，不同期限的国债利率 均有所上行，利差缩窄 0.99BP。 上周共上报 63 只基金，较上上周申报数量有所减少。申报的产品包括 7 只 FOF，19 只 ETF，华宝国证石油天然气 ETF、广发国证石油天然气 ETF ...

Group 1: Fund Market Tracking - As of February 28, 2026, there are 13,817 existing funds in the market, an increase of 95 from the previous month, with total net asset value reaching 37.23 trillion yuan, up by 9.7 billion yuan [3][8] - In February 2026, the returns of value, balanced, and growth fund indices were 1.00%, 1.40%, and 0.72% respectively, indicating a performance difference among various fund styles [3][13] - The proportion of mixed, bond, and stock funds is the highest in terms of quantity, while money market, bond, and stock funds dominate in terms of asset scale [8][10] Group 2: ETF Market Tracking - As of February 28, 2026, there are 1,446 ETFs in the Shanghai and Shenzhen markets, an increase of 16 from the previous period, with total assets under management at 5.39 trillion yuan, a decrease of 73.79 billion yuan [4][18] - The median return for stock ETFs in February was 0.70%, while cross-border ETFs had the lowest median return at -3.30% [4][23] - The internal deviation of cross-border ETFs was the highest at 3.18%, while bond ETFs had the lowest internal deviation at 0.11% [4][23] Group 3: ETF Strategy Tracking - The industry ETF rotation strategy based on main capital focused on steel, coal, and non-ferrous metals in February 2026, achieving a cumulative return of 6.17%, significantly outperforming the CSI 300 index, which had a return of 0.09% [5][40] - The PB-ROE framework strategy focused on non-ferrous metals, transportation, and utilities in February 2026, with a cumulative return of 4.25%, also outperforming the CSI 300 index [5][47] - Since the beginning of 2023, the main capital industry ETF rotation strategy has achieved a cumulative return of 71.82%, compared to 21.67% for the CSI 300 index, resulting in an excess return of 50.15% [5][43]

金融工程 证 券 研 究 报 告 【金工周报】（20260224-20260227） 短期模型以中性为主，后市或维持中性震荡 本周回顾 本周市场普遍上涨，上证指数单周上涨 1.98%，创业板指单周上涨 1.05%。 A 股模型： 短期：成交量模型中性。特征龙虎榜机构模型中性。特征成交量模型看空。智 能算法沪深 300 模型中性，智能算法中证 500 模型中性。 中期：涨跌停模型中性。上下行收益差模型绝大部分宽基指数看多。月历效应 模型中性。 长期：长期动量模型中性。 综合：A 股综合兵器 V3 模型看空。A 股综合国证 2000 模型看空。 港股模型： 中期：成交额倒波幅模型看空。上下行收益差模型中性，上下行收益差相似模 型看多。 本周行业指数普遍上涨，涨幅前五的行业为：钢铁、有色金属、基础化工、煤 炭、电力及公用事业，跌幅前五的行业为：传媒、消费者服务、食品饮料、非 银行金融、银行。从资金流向角度来说，有色金属、石油石化、银行、农林牧 渔主力资金净流入居前，传媒、电力设备及新能源、计算机、机械、基础化工 主力资金净流出居前。 本周股票型基金总仓位为 95.75%，相较于上周增加了 24 个 bps，混合型基 ...

《润泽数据中心 REIT 宣布扩募— —公募 REITs 周度跟踪 （2026.02.09-2026.02.20）》 2026/02/23 《中核水电 REIT 上市——公募 REITs 周度跟踪（2026.02.02- 2026.02.06）》 2026/02/07 《首批 8 单商业不动产 REITs 正式 申报！——公募 REITs 周度跟踪 （2026.01.26-2026.01.30）》 2026/01/31 2026 年 02 月 28 日 6 单商业不动产 REITs 进入问询 ——公募 REITs 周度跟踪（2026.02.23-2026.02.27） 相关研究 证券分析师 黄伟平 A0230524110002 huangwp@swsresearch.com 杨雪芳 A0230524120003 yangxf@swsresearch.com 研究支持 曹璇 A0230125070001 caoxuan@swsresearch.com 联系人 曹璇 A0230125070001 caoxuan@swsresearch.com 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(resea ...

2月27日，国际金价延续走势，现货黄金站上5200美元/盎司。 黄金股同步走强，板块资金活跃度提升，黄金行情从期现市场延伸至权益端与消费端，多家品牌足金首 饰酝酿新一轮提价，行情传导链条逐步拉长。 与此同时，资金结构与机构研判亦为黄金提供支撑。头部黄金ETF规模持续扩容，多家公募机构指出， 央行购金与美元信用弱化仍是中长期主线，金价在经历阶段性震荡后结构性支撑未改，黄金的配置属性 再度凸显。 现货黄金再触5200美元关口 2月27日，国际金价延续强势走势，现货黄金收盘站上5200美元/盎司关口，并逼近5300美元/盎司关 口。此前一天，金价也一度重新站上5200美元/盎司，相较春节前累计涨幅超过3%，价格重心明显上 移。在经历阶段性震荡后，黄金资产再度成为市场关注焦点。 支撑金价的结构性因素未改 多家公募机构认为，尽管金价经历阶段性震荡，但支撑黄金的核心变量并未发生根本改变。 中银基金分析称，整体来看，黄金短期内预计或维持震荡偏强，应持续关注地缘、贸易事件。中长期 看，央行购金与美元信用弱化或仍是主线，中国央行已连续15个月增持黄金，高盛预计2026年全球央行 购金加速，美元信用削弱或将提升黄金配置价值。对于 ...

（来源：经济参考报） 马年春节开市以来，地缘局势波动以及国际油价持续上攻，提升了全球市场避险需求，以石油、稀土、 有色金属、黄金等为代表的资源主题ETF表现突出，多只ETF迎来亿元级资金流入。展望后市，机构对 油气、有色、贵金属等大宗商品板块普遍持"周期重估、结构分化"的看多态度，但同样需警惕短期高位 波动态势。 资源类ETF领跑市场 Wind数据显示，节后至今，多只资源主题ETF涨幅居前。油气方面，汇添富中证油气资源ETF、银华中 证油气资源ETF、博时中证油气资源ETF已涨逾9%；国泰中证油气产业ETF、华泰柏瑞中证油气产业 ETF涨逾8%。稀有金属方面，华富、嘉实、广发、工银基金旗下中证稀有金属主题ETF涨逾8.4%。此 外，泰康、招商、国泰、景顺长城等基金旗下的中证有色金属矿业主题ETF涨逾7.5%。 多只黄金ETF规模大增 贵金属领域方面，自春节假期过后，经历了"过山车"行情的黄金、白银价格恢复涨势。2月25日，国际 金价盘中触及5200美元/盎司；国际白银价格突破90美元/盎司。不过，因获利了结和美元走强，金价随 后迎来压力，市场正等待美国关税计划的明朗化以及地缘政治局势的进展。 与此同时，以油气 ...

Group 1 - The core point of the article highlights that the Huazhong Science and Technology Bond ETF (159115.SZ) experienced a slight increase of 0.01% on February 27, 2026, despite a significant net outflow of 430 million yuan from major funds (transactions over 1 million yuan) [1] - The latest trading volume for the fund was reported at 27.0718 million shares, with the total transaction amount falling below 2.8 billion yuan, placing it at the lower end among comparable funds [1]

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.39%, while the Shenzhen Component Index fell by 0.06%, and the ChiNext Index decreased by 1.04% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 2.51 trillion yuan, slightly down from the previous day [1] Sector Performance - The rare metals and rare earth sectors led the gains, with several ETFs in these categories rising over 4%, including the Rare Metals ETF from ICBC, which increased by 4.96% [2] - Other notable performers included the Rare Metals ETFs from Jiashi and Guangfa, both up by 4.68%, and the Rare Metals ETF Fund from Huafu, which rose by 4.55% [2] - The non-ferrous metals sector also saw significant increases, with the Non-Ferrous Metals ETF from Tianhong up by 4.28% and the Non-Ferrous ETF from Huashan rising by 4.17% [3] Declining Sectors - The semiconductor equipment sector experienced a notable pullback, with several ETFs in this category showing declines, including the Semiconductor Equipment ETF from Guotai, which fell by 2.16% [4] - The small-cap growth style, particularly in the ChiNext and National 2000 indices, faced pressure as funds rotated out of previously popular themes into cyclical resource sectors for safety [4] Trading Activity - The Short-term Bond ETF from Haifutong led trading activity with a turnover of 576.06 billion yuan, followed by the National Debt ETF from Huaxia at 168.25 billion yuan and the Sci-Tech Bond ETF from Nanfang at 137.24 billion yuan [5] - The turnover rates were high for bond ETFs, with the Sci-Tech Bond ETF from Nanfang achieving a turnover rate of 156.87%, indicating strong liquidity in this segment [6] ETF Issuance - Six new ETFs are set to launch, focusing on Hong Kong Stock Connect and Sci-Tech sectors, with fundraising starting on March 2, 2026 [8] - The Cash Flow ETF from Great Wall will track the National Index of Free Cash Flow, while the Engineering Machinery ETF from Penghua will follow the China Securities Engineering Machinery Theme Index [9] - Cross-border products include the Internet ETFs from ICBC and Xingye, which will track the China Securities Hong Kong Stock Connect Internet Index [9][10]

Group 1 - The total number of newly established funds in 2023 has reached 228, with a total issuance of over 210 billion units, marking a significant year-on-year increase [1] - The first batch of commercial real estate REITs has been accepted for review, with regulatory feedback focusing on asset quality, compliance, revenue stability, and governance mechanisms [2] - Huang Feng has been appointed as the new Chief Information Officer of Guolian An Fund as of February 25 [3] Group 2 - A fund managed by Li Xiaoxing has appointed a new fund manager, Sun Haotian, who has 7.5 years of experience in the securities industry [4] - The ETF market showed mixed performance, with the Shanghai Composite Index rising by 0.39% and the ChiNext Index falling by 1.04%, while sectors like rare metals and coal saw significant gains [5] - Rare earths are highlighted as a strategic resource with a notable supply-demand mismatch, driven by increased demand for neodymium-iron-boron, leading to rising prices for neodymium oxide [8] Group 3 - The Tianhong Zhongzheng Quality Leading 50 Index fund is set to launch, managed by Sha Chuan, with a performance benchmark linked to the index and a portion to bank deposits [9] - The Huashan Innovation Momentum Mixed Fund, managed by Sang Xiangyu, has a performance benchmark that combines multiple indices [10]