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主要“固收+”产品25Q3份额变动(分转债仓位,亿份)
主要“固收+”产品25Q3份额变动(分转债仓位,亿份)
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所属报告:
【国金证券】可转债周报:供给加速收缩、仓位大幅降低-251103(16页).pdf
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图表180.2025年转债跟随权益波动(点)
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30年国债-30年地方债品种利差及分位数
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行业数据
2026-01-07
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10年国债-10年地方债品种利差及分位数
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行业数据
2026-01-07
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公募基金转债持仓整体平稳,Q325略有下降(%)
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行业数据
2026-01-07
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AUM前三的转债主题基金的转债仓位(%)
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行业数据
2026-01-07
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AUM最大一级债基和二级债基转债仓位(%)
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行业数据
2026-01-07
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2025年转债资产夏普比相对最优
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行业数据
2026-01-07
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转债ETF和上证转债ETF管理规模(亿元)
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市场规模
2026-01-07
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全球全年龄段奶粉市场规模(亿美元)
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行业数据
2026-07-30
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截至今年三季度末,几类“固收+”产品(包括一级债基、二级债基、转债基金、偏债混产品)的总净值规模为 2.48万亿、环比二季度大幅回升 26%,由于权益市场的加速走强、净值规模快速回升。具体来看,二级债基整体申购规模大幅增加,除转债仓位 50%以上的产品、其他各类产品的份额增幅均超过 50%,背后保险/理财等通过含股产品增强收益的诉求大幅增加;,一级债基则正好相反、由于不能配置股票,其转债仓位在 50%以上的产品有明显申购,而由于三季度纯债走势一波三折、转债仓位 5%以下的产品表现为净赎回;转债基金表现为小幅净申购、其份额增幅未能超过10%,可见持仓市值的增长主要来自于转债本身的上涨。两只可转债 ETF 份额增幅超过 40%、规模创下历史新高。
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【国金证券】可转债周报:供给加速收缩、仓位大幅降低-251103(16页).pdf
二级债基转债平均仓位(算数平均)
25Q3二级债基与转债基金的股票仓位都显著上升
一二级债基转债仓位明显降低
债券型基金持有转债规模变化(亿元)
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