20231016_招商证券_银行业证券研究报告：详解银行理财资产配置_25页.pdf

|2023 10 16/1H23+5.8%24.5%1H23 Q3 23H1 1.19 13.3%2.3%4.8%9 26.3 6 1 9 10 0.7 27 10 11 1 2 10 11 Q3 2023 20%4%5-7 8-9 9 5.9%9 2023 9 5.6%6 1.4 26.3%2.7%2023+5.8%24.5%23H1 22H1 13.7 31.8%23H1+5.8%1H23 23Q2 0.13 0.02 0.05 0.03 3 2023 Q3 Q4 23H1 0.10 0.16 23Q1 0.02%40 0.8 7083.7 8.7 6934.1 9.7%1m 6m 12m 0.8 5.3 4.7 2.8 15.3 7.1 1 9 9 2023-10-14 2 9 9 2023-10-09 3-2023 9 9 2023-10-09 S1090521010002 S1090523070003-10-5051015Oct/22 Feb/23 May/23 Sep/23(%)银行 沪深300 2 Q3.4.11 1.16 2.16 3.18.19 1.19 2.22.24 1.4 2.5 3.8 4.9 5.10 6 23H1.15 7.16 8.17 9 23H1.17 10 23H1+.17 11.18 12.19 13 23H1.19 14.19 15 23H1.19 16.20 17 23H1.20 18 23H1.21 YWEVvMtOoNnMoQsRqNoRpO7N9R6MmOnNmOnOlOrQnNiNqRoRaQqRrNxNoNpMxNrRoQ 3 19 23H1.23 20 23H1.23 21 23H1.24 22 23H1.24 1.4 2.5 3.6 4.7 5.11 6.11 7.12 8.13 9 23H1.14 10 23H1.15 11 23H1 TOP10.20 12 23H1 TOP10.21 13 23H1 TOP10.23 4 Q3 2004 2018 4 1 iFinD 2018 12 2019 5 2023 10 31 6 11 8 1 5 50 1 2019 5 150 2019 5 160 2019 6 80 2019 7 100 2019 7 120 2019 12 80 2019 9 50 2019 11 55.56 2019 12 50 2020 7 50 2020 8 50 2020 9 30 2021 12 50 2022 1 50 2022 6 50 0.05.010.015.020.025.030.035.0非保本理财规模2005 2005 2009 2011 2018 4 2018 9 2018 12 2019 2020 7 2021 12 2021 6 2021 8 2021 9 2021 12 2022 8 5 2022 9 20 2022 8 20 2019 12 10 2019 12 15 2020 4 20 2020 8 20 2020 8 20 2020 9 10 2022 3 30 2022 11 50 2020 6 20 2020 9 10 2021 5 10 2022 1 10 2022 6 10 2023 6 10 8 2020 2023 6 20.67 81.6%2022 1.1 2019 2 2023 2 23H1 2022 0%20%40%60%80%100%0510152025理财公司理财规模 理财公司产品规模占比(右轴)6 15,021 2,904 17,924 17,623 3,817 21,440-14.77%-16.40%14,741 984 15,725 19,110 1,030 20,140-22.86%-21.92%14,207 1,357 15,564 17,757 1,574 19,332-20.00%-19.49%15,109 988 16,098 16,506 1,097 17,603-8.46%-8.55%11,622 923 12,545 10,854 1,215 12,069 7.07%3.94%7,053 472 7,524 7,791 509 8,301-9.48%-9.35%小计 77,752 7,627 85,380 89,642 9,243 98,885-13.26%-13.66%11,762 474 12,236 11,309 544 11,852 4.01%3.24%24,479 825 25,304 25,215 1,458 26,673-2.92%-5.13%20,725 238 20,963 20,633 296 20,929 0.45%0.16%15,278 668 15,946 14,871 899 15,771 2.73%1.11%8,752 83 8,836 8,742 127 8,868 0.12%-0.37%4,718-4,718 5,134-5,134-8.10%-8.10%1,587 7 1,594 1,657 11 1,668-4.24%-4.44%7,058 803 7,860 8,393 860 9,253-15.91%-15.05%7,516-7,516 8,840 8,840-14.98%-14.98%237 1,142 1,380-1,702 1,702-18.96%528 428 956 219 794 1,013 141.13%-5.67%102,640 4,669 107,309 105,012 6,692 111,703-2.26%-3.93%3,355 0 3,355 3,599 0 3,599-6.79%-6.79%3,438 22 3,460 3,864 103 3,967-11.03%-12.77%1,820 0 1,820 2,115 0 2,115-13.92%-13.92%3,494 0 3,494 3,426 0 3,426 1.97%1.97%4,465 219 4,685 3,589 794 4,383 24.43%6.88%2,226 0 2,226 2,008 0 2,008 10.85%10.85%3,152 0 3,152 3,979 0 3,979-20.77%-20.77%1,134 0 1,134 1,391 0 1,391-18.51%-18.51%2,619-2,619 3,038 3,038-13.79%-13.79%25,704 242 25,945 27,010 897 27,906-4.83%-7.03%312 510-38.83%118 67 75.33%122 181-32.27%3 2 115.75%小计 556 759-26.83%206,652 12,538 218,634 222,422 16,831 238,495-7.09%-8.33%-29 2023 1.19 13.3%2.3%4.8%3 2022 8.37 0.57 0.02-8.96 7 10.17 0.30 0.01 0.02 10.50 2.65 0.04 0.01 0.01 2.70 0.07 0.00 0.00-0.08 21.26 0.92 0.04 0.02 22.24 23H1 7.33 0.43 0.01-7.78 9.98 0.23 0.02 0.03 10.26 2.53 0.04 0.00 0.01 2.57 0.05-0.00-0.06 19.89 0.70 0.04 0.04 20.67 23H1 4 23H1 2022 14,129 60 831 15,021 16,308 62 1,253 17,623 14,240 1 500 14,741 18,454 13 643 19,110 12,578-1,628 14,207 15,804-1,953 17,757 14,500 80 530 15,109 15,663 92 751 16,506 11,246-376 11,622 10,314-540 10,854 6,593 9 451 7,053 7,190 1 600 7,791 73,286 150 4,317 77,752 83,732 169 5,741 89,642 11,110 5 647 11,762 10,760 5 544 11,309 23,442 57 801 24,479 23,957 58 1,057 25,215 20,298 31 360 20,725 19,968 23 637 20,629 15,064 17 197 15,278 14,576 17 279 14,871 8,628 1 123 8,752 8,641 1 99 8,742 4,660 5 53 4,718 4,939 6 189 5,134 1,561-26 1,587 1,626 31 1,657 7,040 11 7 7,058 8,366 9 18 8,393 7,516 8,840 525-4 528 216 3 219 237 237 92,565 127 2,217 102,640 93,050 119 2,856 105,008 3,329 21 6 3,355 3,545 49 5 3,599 3,244 5 62 3,438 3,741 5 65 3,864 1,807 6 7 1,820 2,096 6 13 2,115 3,451 5 39 3,494 3,379 4 43 3,426 4,306 1 159 4,465 3,440 1 148 3,589 2,223 0 3 2,226 2,007 0 1 2,008 1,237 7 1,134 1,378 13 1,391 3,125 27 3,152 3,944 35 3,979 2,563 2 54 2,619 2,952 86 3,038 25,285 40 363 25,704 26,481 66 408 27,010 8 299 13 312 498 12 510 94 23 2 118 42 24 2 67 119 3 122 179 2 181 1 3 3 2 2 513 25 17 556 719 25 16 759 2022 151 4 53 23H1 185 36 126 2023 2023 20%4%5-7 8-9 9 5.9%9 2023 9 5.6%6 1.4 3=1/2022 2021 2022 2023 9 5.6%26.3%2.7%0%5%10%15%20%25%理财公司公募理财产品破净率 9 4=1/1H23 2023 2022 5 1H23 1H22 1H23 2022 23H1 9.66 9.69 0.3%189 199 5.3%19.13 11.02-42.4%203 214 5.4%12.26 8.71-29.0%186 195 4.8%14.56 9.19-36.9%149 159 6.4%6.34 5.95-6.2%111 117 5.4%6.71 4.48-33.2%117 122 3.9%68.66 49.04-28.6%955 1006 5.3%9.84 9.04-8.1%82 92 11.1%20.66 16.60-19.7%169 186 9.9%19.58 11.58-40.9%123 132 7.6%12.09 9.40-22.2%94 104 10.0%3.92 6.70 70.9%87 93 7.8%6.11 2.88-52.9%42 45 7.1%1.39 2.22 59.7%54 5.69 60 66 9.4%1.04 21 73.59 65.15-11.5%712 739 3.8%7.41 4.82-35.0%31 36 15.5%4.44 3.68-17.1%31 35 12.2%6.60 1.90-71.2%40 42 4.2%4.24 2.74-35.4%38 41 7.2%2.04 1.81-11.3%16 17 11.6%2.92 1.91-34.6%38 40 5.0%2.16 0.76-64.8%27 28 3.4%0%10%20%30%40%50%60%固收产品破净率 混合产品破净率 10 1.80 22 29.81 19.42-34.8%221.16 260.74 17.9%10 11 9 26.3 6 1 9 10 0.7 10 11 10 11 1 2 10 11 5 2019-2021 2022-2023-3-2-101231 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月2019 年 2020 年 2021 年 2022 年 2023 年 11 2023 6 27.70 12.92%16.15 6.56 1.85 0.90 0.08 58.3%-5.4pct 23.7%+6.2%6.7%+0.2pct 3.3%+0.1pct 3.2%+0.5pct 6 2014 2015 2016 2017 2018 2019 2020 2021 2022 23H1 29.8%29.5%46.9%45.2%49.0%59.7%64.3%68.4%63.7%58.3%:25.5%25.4%35.1%34.1%40.7%51.7%47.8%48.1%45.7%43.9%4.3%4.1%8.7%8.1%8.3%8.1%7.7%5.8%4.7%3.9%3.1%3.0%13.9%13.3%10.6%20.9%15.7%17.5%16.2%23.2%17.5%15.0%8.4%6.5%6.7%6.2%7.8%7.0%9.5%9.9%7.6%4.8%3.3%3.1%3.3%10.0%9.3%6.6%6.6%6.6%3.9%5.7%4.0%26.6%22.4%16.6%13.9%5.8%9.1%11.4%17.5%23.7%1.3%0.8%3.0%3.4%2.8%4.0%2.7%3.2%1.2%2.9%2.1%8.7%1.6%0.6%0.8%0.9%23H1 3.6%6.7%30.9%5.1%17.8%7 2022 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 衍生品 QDII 公募基金 合计 6,225 11,682 152 1 33 690 18,783 33.1%62.2%0.8%0.0%0.2%3.7%100.0%17,858 1,098 0 250 19,206 93.0%5.7%0.0%1.3%100.0%4,485 1,266 774 3,846 291 489 0 2 463 11,614 38.6%10.9%6.7%33.1%2.5%4.2%0.0%0.0%4.0%100.0%1,157 324 6,790 323 0 234 8,828 13.1%3.7%76.9%3.7%0.0%2.7%100.0%5,935 2,564 1,277 9,225 853 204-0 6 346 20,410 29.1%12.6%6.3%45.2%4.2%1.0%0.0%0.0%1.7%100.0%3,890 3,225 1,199 8,079 629 214 305 236 17,779 21.9%18.1%6.8%45.5%3.5%1.2%1.7%1.3%100.0%23H1 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 衍生品 QDII 公 募基金 合计 6,838 8,829 201 5 43 623 16,539 41.3%53.4%1.2%0.0%0.3%3.8%100.0%3,563 3,680 852 5,475 646 1,019 0 1 255 15,491 12 23.0%23.8%5.5%35.3%4.2%6.6%0.0%0.0%1.6%100.0%4,751 1,543 676 3,913 399 367 0 1 789 12,440 38.2%12.4%5.4%31.5%3.2%3.0%0.0%0.0%6.3%100.0%2,257 397 4,926 278 0 251 8,109 27.8%4.9%60.7%3.4%0.0%3.1%100.0%5,230 2,411 564 6,355 433 193 7 462 15,656 33.4%15.4%3.6%40.6%2.8%1.2%0.0%3.0%100.0%3,363 2,906 949 7,371 648 210 215 244 15,806 21.3%18.4%6.0%46.6%4.1%1.3%1.4%1.5%100.0%23H1 28.2%4.5 2023 8 2022 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 衍生品 公募基金 其他 合计 4,590 4,010 1,565 17,213 962 181 1,410 235 30,165 15.2%13.3%5.2%57.1%3.2%0.6%4.7%0.8%100.0%5,448 16,760 121 570 22,898 23.8%73.2%0.5%2.5%100.0%10,984 406 119 195 11,704 93.9%3.5%1.0%1.7%100.0%3,255 11,988 121-1 375 15,738 20.7%76.2%0.8%0.0%2.4%100.0%1,834 1,829 495 4,010 983 97 1 159 31 9,440 19.4%19.4%5.2%42.5%10.4%1.0%0.0%1.7%0.3%100.0%376 231 121 794 75 53 1 96 37 1,783 21.1%12.9%6.8%44.5%4.2%3.0%0.0%5.4%2.1%100.0%1,691 1,627 613 4,076 461 180 293 8 8,949 18.9%18.2%6.8%45.5%5.1%2.0%3.3%0.1%100.0%817 656 442 3,365 418 401 77 6,174 13.2%10.6%7.2%54.5%6.8%6.5%1.2%100.0%11 4 11 159 34 16-1 1 236 4.7%1.7%4.5%67.1%14.6%6.6%0.0%0.4%0.5%100.0%2,841 884 4,815 338 370 187 9,435 30.1%9.4%51.0%3.6%3.9%2.0%100.0%23H1 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 衍生品 公募基金 其他 合计 7,899 3,382 510 14,857 833 206 259 1,187 29,133 27.1%11.6%1.8%51.0%2.9%0.7%0.9%4.1%100.0%7,433 15,499 117 993 24,042 30.9%64.5%0.5%4.1%100.0%11,568 449 98 263 12,378 93.5%3.6%0.8%2.1%100.0%3,262 952 11,148 104-3 899 16,362 19.9%0.0%5.8%68.1%0.6%0.0%5.5%100.0%2,967 1,113 402 4,061 776 107 1 225 68 9,721 13 30.5%11.4%4.1%41.8%8.0%1.1%0.0%2.3%0.7%100.0%398 193 92 760 110 39 0 86 8 1,686 23.6%11.5%5.5%45.0%6.5%2.3%0.0%5.1%0.4%100.0%2,163 553 204 4,030 444 179 0 399 3 7,976 27.1%6.9%2.6%50.5%5.6%2.2%0.0%5.0%0.0%100.0%1,777 200 155 2,396 425 198 113 5,264 33.8%3.8%3.0%45.5%8.1%3.8%2.1%100.0%33 1 28 494 18 1 39 2 616 5.4%0.2%4.6%80.3%2.9%0.1%6.3%0.3%100.0%3,078 468 3,628 523 209 200 8,107 38.0%0.0%5.8%44.7%6.5%0.0%2.6%2.5%100.0%256 256 100.0%100.0%2023 2023 6 13.6%9 2022 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 公募基金 其他 合计 113 475 282 1,847 561 42 52 391 3,763 3.0%12.6%7.5%49.1%14.9%1.1%1.4%10.4%100.0%401 2,563 748 209 3 3,924 10.2%65.3%19.1%5.3%0.1%100.0%2,130 6 32 2,169 98.2%0.3%1.5%100.0%3,511 69 68 3,648 96.2%1.9%1.9%100.0%416 289 302 2,036 476 220 13 3,752 11.1%7.7%8.0%54.3%12.7%5.9%0.3%100.0%1,786 58 444 2,288 78.1%2.5%19.4%100.0%282 370 574 2,512 179 66 53 1 4,037 7.0%9.2%14.2%62.2%4.4%1.6%1.3%0.0%100.0%165 77 1,048 0 140 1,431 11.5%5.4%73.2%0.0%9.8%100.0%23H1 现金及存款 同业存单 拆放及买入返售 债券 非标 权益类 公募基金 其他 合计 332 463 283 2,028 663 68 102 5 3,942 8.4%11.7%7.2%51.4%16.8%1.7%2.6%0.1%100.0%635 1,859 873 200 7 3,573 17.8%52.0%24.4%5.6%0.2%100.0%1,770 7 56 1,833 96.6%0.4%3.1%100.0%3,547 77 67 3,692 96.1%2.1%1.8%100.0%558 266 396 2,553 548 311 25 7 4,658 12.0%5.7%8.5%54.8%11.8%6.7%0.5%0.1%100.0%14 2,168 49 368 2,585 83.9%1.9%14.2%100.0%119 586 135 2,190 244 64 54 3,391 3.5%17.3%4.0%64.6%7.2%1.9%1.6%100.0%162 53 993 0 66 1,274 12.7%4.2%78.0%0.0%5.2%100.0%544 337 85 1,310 156 67 222 6 2,728 20.0%12.4%3.1%48.0%5.7%2.4%8.1%0.2%100.0%24 2023 6 24 52%2022 5 10 23H1 2022 占比 23H1 占比 建信理财 16,175 84.6%12,878 87.3%工银理财 8,383 46.7%8,396 54.1%光大理财 5,527 47.2%8,056 65.1%农银理财 9,118 50.6%7,730 53.0%信银理财 5,321 35.1%6,156 38.4%平安理财 5,113 57.6%6,145 66.1%华夏理财 4,215 81.9%3,802 79.9%浦银理财 3,324 37.5%3,683 47.0%中邮理财 1,539 17.5%2,511 31.1%青银理财 1,217 57.6%1,253 53.4%上银理财 838 20.8%1,168 34.4%北银理财 1,167 34.7%1,129 41.4%南银理财 611 16.9%1,043 28.6%苏银理财 829 22.2%1,008 21.7%广银理财 725 40.7%850 50.4%渝农商理 财 714 51.3%772 62.0%徽银理财 729 34.4%693 38.0%宁银理财 667 17.0%643 18.0%杭银理财 372 9.9%562 14.6%恒丰理财 117 52.0%383 70.7%汇华理财 473 92.9%286 91.6%渤银理财 133 56.2%贝莱德建 信 43 64.0%93 78.4%施罗德交 银 140 72.9%90 66.9%2023 6 109.06%2022 0.86 15 6 23H1 2023 3 11 23H1 2022 23H1 17,623 18,783 106.6%15,021 16,539 110.1%3.5%19,110 20,410 106.8%14,741 15,656 106.2%-0.6%17,757 19,206 108.2%14,207 15,491 109.0%0.9%16,506 17,779 107.7%15,109 15,806 104.6%-3.1%10,854 11,614 107.0%11,622 12,440 107.0%0.0%7,791 8,828 113.3%7,053 8,109 115.0%1.7%11,309 11,704 103.5%11,762 12,378 105.2%1.7%26,673 30,165 113.1%25,304 29,133 115.1%2.0%20,633 22,898 111.0%20,725 24,042 116.0%5.0%14,871 15,738 105.8%15,278 16,362 107.1%1.3%8,742 9,440 108.0%8,752 9,721 111.1%3.1%5,134 6,174 120.3%4,718 5,264 111.6%-8.7%1,657 1,783 107.6%1,587 1,686 106.3%-1.3%8,393 8,949 106.6%7,058 7,976 113.0%6.4%8,840 9,435 106.7%7,516 8,107 107.9%1.1%237 256 107.9%219 236 107.7%528 616 116.6%8.9%3,599 3,763 104.6%3,355 3,942 117.5%13.0%3,864 3,924 101.6%3,438 3,573 103.9%2.4%2,115 2,169 102.6%1,820 1,833 100.7%-1.9%3,426 3,648 106.5%3,494 3,692 105.7%-0.8%3,589 3,752 104.6%4,465 4,658 104.3%-0.2%2,008 2,288 113.9%2,226 2,585 116.1%2.2%3,979 4,037 101.5%3,152 3,391 107.6%6.1%1,391 1,431 102.8%1,134 1,274 112.4%9.5%105%106%107%108%109%110%111%112%2020 21H1 2021 22H1 2022 23H1理财产品杠杆率 16 3,038 3,361 110.6%2,619 2,728 104.1%-6.5%2023 1 2023 6.2 93%2023 6 31.8%2022 6 13.7 7 2022 2021 22H1 23H1 23H1 2 2023 11.25 85%50.30%40.38%40.6%13.09%18.12%31.8%33.93%39.20%22.2%2.50%1.74%4.7%0%20%40%60%80%100%202122H123H1 17 2023 6 2022 6-0.6%+0.9%+0.5%-0.5%23H1 4.0%3.2%8 2022 2021 22H1 23H1 23H1+23H1 23H1 11.25 7.04 4.2+62.6%37.4%23H1+10.3 1.2 0.8 0.8+2023 6+5.8%23H1+5.8%9 23H1 10 23H1+58.2%59.0%62.7%13.8%17.9%18.8%8.7%7.6%4.0%4.0%4.2%4.0%8.8%6.1%5.6%1.9%1.7%2.2%0%20%40%60%80%100%202122H123H1 债券类 60.4%现金及银行存款 22.6%拆放同业及买入返售 2.3%基金 3.6%金融衍生品类 0.0%同业存单 4.4%非标准化债权类资产 5.9%其他 0.7%债券类 66.7%现金及银行存款 12.3%拆放同业及买入返售 1.5%基金 4.7%金融衍生品类 0.0%权益类 5.8%同业存单 3.2%非标准化债权类资产 5.2%其他 0.5%18 3 2023 0.64 92%2023 6 22H1 5.5 15.1%22H1 8.0 24.5%11 2022 2021 22H1 23H1 23H1 32.8%36.9%37.0%10.3%11.6%12.4%5.3%3.3%0.5%2.8%1.8%2.4%23.7%20.6%15.1%9.5%8.4%6.3%14.9%16.5%24.5%0%20%40%60%80%100%202122H123H1 19 1 2023 6 82.5%5.6%6.1%4.0%Q2 Q1 Q1 12 13 23H1:2023 2023 6 37.6%36.6%14.7%7.7%23Q2 0.13 0.02 0.05 14 15 23H1:0500010000150002021 22H1 2022 23Q1 23H1债券 型基 金 混合型基 金货币 型基 金 股票型基 金债券型基金82.5%混合型基金5.6%货币型基金6.1%股票型基金4.0%另类投资基金0.2%国际/QDII基金1.4%REITs0.2%FOF 基金0.1%02000400060008000100002021 22H1 2022 23Q1 23H1中长期纯债型基金 短期纯债型基金混合债券型一级基金 混合债券型二级基金被动指数型债券基金 可转换债券型基金中长期纯债型基金36.6%短期纯债型基金37.6%混合债券型一级基金14.7%混合债券型二级基金7.7%被动指数型债券基金3.4%可转换债券型基金0.0%20 3 23H1 TOP10 23H1 80 23H1 100 12 23H1 TOP10 23H1 007830.OF 2019/11/20 48.83 003528.OF A 2016/12/6 46.54 006597.OF A 2018/12/3 25.04 003280.OF 2016/9/22 23.80 070009.OF C 2006/4/26 22.48 007915.OF A 2019/10/15 21.84 006797.OF A 2019/1/24 21.60 519782.OF A 2016/11/28 20.91 000385.OF A 2013/11/13 20.51 008409.OF A 2020/4/29 19.47 Wind 2022 2023 6 32.2%30.2%14.1%23Q2 0.01 0.02 16 17 23H1:2023 6 A 9.3 300ETF 7.3 TOP10 6 3 1 01000200030002021 22H1 2022 23Q1 23H1灵活配置型基金 被动指数型基金偏债混合型基金 偏股混合型基金普通股票型基金 增强指数型基金平衡混合型基金灵活配置型基金32.2%被动指数型基金30.2%偏债混合型基金14.1%偏股混合型基金11.9%普通股票型基金7.2%增强指数型基金4.4%21 TOP10 13 23H1 TOP10 23H1 000436.OF A 2013/12/17 9.32 510300.OF 300ETF 2012/5/4 7.34 002009.OF A 2015/11/17 4.12 005313.OF 1000 A 2018/1/30 3.98 110020.OF 300ETF A 2009/8/26 3.56 001710.OF A 2016/12/9 3.44 011610.OF 50ETF A 2021/3/4 3.36 011612.OF 50ETF A 2021/3/4 3.33 001316.OF A 2015/5/25 2.92 160706.OF 300ETF(LOF)A 2005/8/29 2.90 Wind 23H1 TOP10 50%2023 10 10 18 23H1 Wind 23H1 1187 2023 223 899 2022 524 14 2021 22H1 2022 23H1 易方达基金,7.5%招商基金,6.2%建信基金,5.6%鹏华基金,5.3%嘉实基金,5.0%汇添富基 金,4.7%富国基金,4.6%博时基金,4.6%永赢基金,4.3%广发基金,4.3%景顺长城,4.0%交银施罗 德,3.1%南方基金,2.8%华夏基金,2.6%国泰基金,2.5%平安基金,2.4%华泰柏瑞,2.3%创金合信,1.8%财通资管,1.6%天弘基金,1.5%兴业基金,1.4%中欧基金,1.3%万家基金,1.1%兴全基金,1.1%泰康基金,1.0%华安基金,1.0%安信基金,1.0%工银瑞信,0.9%光大保德 信,0.9%国投瑞银,0.9%其他,12.6%22 2112 1,306 690 623 10.00%6.41%3.68%4.00%493 634 346 462 2.20%2.80%1.70%3.00%1046 958 463 789 7.60%7.55%3.98%6.00%145 173 234 251 2.00%1.81%2.65%3.00%783 486 236 244 5.79%2.94%1.33%2.00%39 150 159 225 0.72%2.08%1.69%2.00%76.72 109 60 102 2.39%2.86%1.57%3.00%15 12 13 25 0.51%0.31%0.34%1.00%268 307 195 263 2.50%2.53%1.66%2.12%1261 1867 1410 1187 4.04%5.71%4.68%4.00%588 769 375 899 6.75%6.42%2.38%5.00%370 209 3.90%2.60%96 86 5.36%5.11%293 399 3.28%5.00%77 113 1.24%2.15%1 39 0.35%6.28%110 53 52 13.99%1.31%1.54%Q3 2023 Q3 Q4 2 2023 6 0.10 0.16 23Q1 0.02 214 Q2 30 402 Q2 141 23 15 23H1 TOP10 23H1 23H1 23H1 23Q1 23Q1 23Q1 214 358 572 184 254 437 59 402 462 150 544 694 100 277 376 142 288 430 157 65 222 108 65 173 117 99 216 233 190 423 145 9 154 178 6 184 27 72 100 58 88 146 34 65 99 44 110 154 36 59 94 46 72 118 AAA 19 23H1 20 23H1 Wind:()Wind:()23H1 39.6%41.1%19.3%23H1 49.5%40.4%10.1%314 55 259 99 211 无评级1.1%AA0.0%AA+6.9%AAA92.0%AA0.0%AA+1.9%AAA98.0%24 21