Hu Xiu·2025-05-05 14:04Group 1 - Public funds have been investing in GPUs for quantitative index enhancement products since several years ago [1][3] - The number of newly established and reported public index enhancement products has significantly increased this year [4][15] - Ant Group's wealth management platform has launched a comprehensive index investment service platform, enhancing product and service capabilities for index enhancement funds [5][12] Group 2 - Ant Group's wealth management platform leads the market in index fund distribution, with a total scale of 320.1 billion yuan, far surpassing competitors [6][9] - The index enhancement fund market has seen a substantial increase in attention from fund companies, with many small and medium-sized public funds focusing on this area [15][16] - The overall scale of index enhancement funds reached approximately 212.9 billion yuan by the end of 2024, showing a year-on-year growth of about 10% [18][27] Group 3 - The growth of index enhancement funds has been slower compared to ETFs, with the latter's scale increasing from 0.7 trillion yuan in 2019 to 3.78 trillion yuan in 2024 [17] - The average annual excess return of the index enhancement funds compared to the CSI 300 index is 4.3%, but only 40% of these funds have consistently outperformed the index over five years [19][28] - The complexity of strategies used by fund managers in index enhancement funds makes it challenging for investors to assess their performance [31][32]