On February 13th, since the beginning of the year, the activity of the A-share market has significantly improved, providing a good soil for quantitative investment. At the beginning of 2024, the liquidity risk of micro cap stocks triggered a significant pullback in quantitative products, and many public active quantitative funds experienced their largest historical pullback. After timely adjustment of strategies by fund managers and driven by the market rebound at the end of September 2024, most public actively quantified funds gradually repaired their net asset value curves. According to Wind data, multiple public active quantitative funds, including Boshi Smart Selection Quantitative Multi Factor Fund, Boshi ESG Quantitative Stock Selection Fund, China Merchants Quantitative Selection Fund, and Shenwanlingxin Intelligent Life Quantitative Stock Selection Fund, have recently reached a new high in net value since their establishment. It is worth noting that in this round of public offering quantitative performance market, many funds have made significant contributions to fund returns by allocating to growth sectors. In fact, after experiencing fluctuations in early 2024, public quantitative thematic funds have gradually abandoned small and micro cap strategies and turned to fundamental investments. According to institutional research, in terms of active quantitative funds, as of the end of last year, the allocation weight of small and micro cap funds has fallen from the previous high of 32.3%, while the allocation weight of growth funds has increased by more than 10% compared to the beginning of the year. (Securities Times)
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