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各类型转债策略基金数量分布(只)-正股维度
各类型转债策略基金数量分布(只)-正股维度
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所属报告:
公募转债基金专题:基于alpha能力的有效转债基金优选策略-230329(27页).pdf
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图表181.2025年估值走高转债波动加大(%)
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行业数据
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图表180.2025年转债跟随权益波动(点)
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行业数据
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银行转债距离强制转股价空间(元)
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行业数据
2026-01-14
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转债价格和期权定价中位数已经处于2017年以来最高水平
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行业数据
2026-01-14
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表1转型金融的国际政策演进汇总
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政策法规
2026-01-08
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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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转债投资公募资金规模保持高位(亿元)
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市场规模
2026-01-07
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往年转债净供给变化(亿元)
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行业数据
2025-12-23
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各持有主体2025年持转债面值变化
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行业数据
2025-12-23
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果链转债(截至2025年12月16日)
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2025-12-23
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从统计结果上看,公募转债策略基金在市值风格上大多以中小盘为主,这与转债市场的供给结构有一定关系,中小市值公司通过转债拓宽融资渠道的需求往往更为旺盛;而在价值成长风格上特征分化较为明显,这与转债市场规模结构与数量结构失衡有一定的关系,在数量分布上看转债市场更偏成长,而从规模分布上看转债市场更偏价值。整体而言,公募转债策略基金持仓转债对应正股特征呈现中小盘成长与中小盘价值的占比相对较高。
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公募转债基金专题:基于alpha能力的有效转债基金优选策略-230329(27页).pdf
转债市场行业结构-数量占比
各类型转债策略基金规模分布(亿元)-正股维度
各类型转债策略基金数量分布(只)-正股维度
附表——转债策略基金风格特征明细表(基于历史数据定义,供参考)
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