本报记者 姜业庆

Our correspondent JiangYeQing

　　近期披露完毕的2012年基金二季报，最引人瞩目的当属利润头把交椅的易位，华夏基金在多年后首次让出宝座。天相统计显示，截至7月20日，在67家基金公司中，今年二季度利润前五名依次为广发基金、嘉实基金(博客,微博)、博时基金、易方达基金和华夏基金，季度利润均超25亿元。资产规模位居第二把交椅的嘉实基金，二季度利润为42.74亿元，资产规模第一的华夏基金二季度的利润则退居第五。

Recent disclosure of the 2012 fund two quarterly reports，The most spectacular, when is the head of the best profit translocation，Fund of an ancient name for the first time in many years after the throne room。Day phase statistics show，By July 20,，In 67 the company's fund，In the second quarter of this year in profits for the top five wide hair negotiable fund、Fine fruit fund(blog,Micro bo)、When the rich、YiFangDa funds and fund of an ancient name for China，Quarterly profits exceeds 2.5 billion yuan。In the second best asset scale of fine fruit fund，Second quarter profits for 4.274 billion yuan，The scale of fund of an ancient name for the assets of the second quarter profit is pushed the fifth。

　　尽管二季度上证综指下跌1.65%，但仍有65家基金公司的利润为正。其中大型资产管理公司再度演绎大智慧(601519,股吧)。据天相统计，广发、嘉实的利润均在40亿元之上。排在末尾的两家小基金公司分别亏损200万元和2800万元，首尾的差距达43亿元。

Although the Shanghai composite index fell 1.65% in the second quarter，But there are still 65 home funds for the profits of the company is。Including a large asset management company deduce wisdom again(601519,Shares it)。According to day phase statistics，Wide hair negotiable、Fine fruit in the profits of 4 billion yuan on top。The end of the row in two small fund company were loss 2 million yuan and 28 million yuan，The gap between 4.3 billion yuan。

　　相关研究显示，在震荡市场中，基金盈利能力跟公司规模呈一定程度的正相关关系。利润排行榜前五名均是大型基金公司，且资产规模均在前十。不过在宏观经济下滑、行情不给力的整体氛围中，投资者对基金在证券市场的盈利能力也心生疑虑。多数基金公司旗下基金份额二季度都在缩减。好买基金研究中心发布的报告显示，首批公布二季报的20家基金公司中仅有华夏、嘉实及南方三家基金公司在二季度实现了规模增长，净申购比例分别为1.72%、3.71%及6.16%。

Related research shows that，In shock in the market，Funds with company profitability a certain degree of the scale are related。Profit top five are all large fund company，And assets in scale before ten。But in the macro economic downturn、An option not to force the integral atmosphere，Investors in the fund in the securities market the profitability of the mind also doubts。Most fund company share its funds second quarter shrinks。Good buy fund research center report shows，The first two quarterly reports released the 20 to fund company in China only、Fine fruit and the south three fund company in the second quarter, realize the scale growth，Net explain buy 1.72%、3.71% and 6.16%。

　　二季度股票型基金的整体利润为337.22亿元；混合型基金的整体利润为183.42亿元，合计达520.64亿元，占二季度基金整体利润的85.5%；固定收益等低风险类产品中，债券型基金盈利84.79亿元，货币型基金盈利44.64亿元，保本型基金盈利9.64亿元；QDII基金是二季度唯一亏损的基金类型，合计亏损40.83亿元。

In the second quarter of stock fund overall profits for 33.722 billion yuan；Mixed type of fund profits for 18.342 billion yuan，Add up to 52.064 billion yuan，In the second quarter of fund of whole 85.5% of the profits；Fixed income and low risk products，A bond fund a profit of 8.479 billion yuan，Monetary fund a profit of 4.464 billion yuan，Guaranteed fund a profit of 964 million yuan；QDII fund is the only loss in the second quarter of the fund type，Total loss 4.083 billion yuan。

　　业内人士认为，要具有“赚钱”的本领，强大的投资管理能力是护宝锤。比如嘉实近年来力倡的“全天候、多策略”投研模式，为旗下基金持续盈利注入了长久动力，也锻造了投研团队“各擅其长、各尽其能”的竞争力。天相投顾近日发布的2012年第三期“公募基金管理公司综合评级”显示，斩获最高5A评级的嘉实基金，在投资管理能力评价中居于第三位。从二季报来看，嘉实旗下14只基金二季度基金利润在1亿元之上。

The personage inside course of study thinks，To have“Make money”skills，Strong investment management ability is the treasure the hammer。Such as fine fruit in recent years this force“all-weather、Much strategy”Research mode for，For its funds into the power to be consistently profitable for a long time，The research also forging for team“All good at its long、Each do all it can”competitiveness。Despite the congenial day) recently released 2012 in the third period“Public enlisting fund management company comprehensive rating”shows，Winners in the top five A rating of the fine fruit fund，In the investment management ability in the third assessment。From the second quarterly reports to see，Fine fruit under the second quarter fund fund only 14 profits in 100 million yuan of above。

　　在居民财富增加、经济转型的背景下，努力实现投资者的资产增值和财富保障是财富管理行业的根本使命。嘉实基金认为，在所有的资产管理细分行业中，特别是基金管理公司中，业绩始终是品牌当中最为重要的构成，是实现战略目标的核心。优秀的业绩也是有责任的基金管理公司的最终追求，基金管理公司要从投资人的角度出发，让投资者获得真正的回报。

Residents increased in wealth、Under the background of economic transformation，Efforts to achieve the asset appreciation and investors wealth security is the fundamental mission of wealth management industry。Fine fruit fund think，Of all the assets management in the industry segments，Especially the fund management company，Performance is always the most important constitute of brand，Is the core of the strategic objectives。The best performance is also has the responsibility of a fund management company's final goal，The fund management company from the point of view of investors，Let investors get the true rewards。