组合收益高达54.97%！“银行AH+小微盘”如何领先市场？

Group 1 - The "Bank AH + Small Micro Plate" portfolio has achieved a historical high, increasing by 54.97% from last year, with a maximum drawdown of 13.89% [1] - The portfolio's performance has outpaced major indices, with only the CSI 2000 showing a higher growth rate, but with a larger maximum drawdown of 19.65% [1] - The portfolio consists of 40% Bank AH Preferred ETF (517900), 30% 1000 ETF Enhanced (159680), and 30% CSI 2000 Enhanced ETF (159552), employing a "high dividend base + enhanced growth assets" strategy [2][4] Group 2 - The Bank AH Preferred ETF (517900) has shown significant growth, increasing by 24% since the beginning of 2025, with a 411% surge in fund shares [4][6] - The low interest rate environment and the decline in 10-year government bonds have created a demand for bank stocks due to their high dividend and strong risk-averse attributes [6] - The dynamic adjustment mechanism of the Bank AH index allows for the identification of undervalued bank stocks, enhancing returns while providing stability [6] Group 3 - The portfolio's structure is designed to provide a safety net with high dividends while pursuing growth through small-cap stocks, which combine index beta and excess alpha [7] - The CSI 2000 Enhanced ETF (159552) has achieved a net value growth rate of 29.18% in the first half of the year, ranking first among similar broad-based ETFs [9] - Since its inception, the CSI 2000 Enhanced ETF has accumulated a net value growth of 68.21%, significantly outperforming the CSI 2000 index [10] Group 4 - Two signals support the continuation of the small-cap stock trend: ongoing liquidity support and the release of policy dividends from mergers and acquisitions regulations [11] - The CSI 2000 Enhanced ETF (159552) demonstrates the effectiveness of quantitative discipline in achieving sustained excess returns [12]