20250720-太平洋-大类资产与基金周报_海内外权益市场上涨_权益及QDII基金涨幅较大_17页_1mb

报告摘要

Equities Markets: Global stock markets advanced, with A-shares, H-shares, and US tech stocks showing positive gains. Sector-specific performance varied, with strong gains in materials and technology.
Bonds: Interest rates declined modestly; bond yields fell, particularly for short-term rates, while credit spreads widened.
Commodities: Prices experienced mixed movements, with crude oil and base metals rising, while some industrial metals and agricultural commodities saw declines or stable performance.
Currency: Major currencies showed slight fluctuations against the RMB, with the dollar broadly stable but some currencies depreciating.

Equities: A-shares indices rose by an average of ~1-3%, with港股 indices up 2-3%. US markets ended flat to slightly positive for broad indices.
Bonds: 10-year Chinese国债 yield decreased by -0.01BP, US bond yields remained elevated, reinforcing a widening dollar premium.
Commodities: Key items like oil and industrial metals fluctuated, with notable increases in energy and metals sectors.
Currency: Exchange rates against RMB showed minimal change, reflecting global monetary divergence.

New Fund Launches: 29 funds were established this week, dominated by equity funds with significant inflows exceeding 30 billion RMB.
Performance: All fund categories recorded positive returns (~0.5% to 2.5%), with equities and QDII funds leading growth due to overseas market strength.
Asset Allocation: Equity funds represent over half of total funds by count, while bond funds dominate in scale.