公募量化“逆袭”，超额收益亮眼，基金经理提示小市值股票回调风险

Core Insights - Since July, a significant number of public quantitative funds, including NuAn Multi-Strategy, Jianxin Flexible Allocation, and CITIC Prudential Multi-Strategy, have seen their unit net values reach historical highs [1] - According to Wind statistics, over 90% of public quantitative products had positive unit net value growth in the first half of the year [1] - The cumulative unit net value growth rate of Chuangjin Hexin North Certificate 50 Index Enhanced A/C and NuAn Multi-Strategy A exceeded 100% in the past year [1] - The positive sentiment in the A-share market and the continuous rotation of sector hotspots have been favorable for quantitative products to achieve excess returns [1] - Recently, many public quantitative fund managers have begun to warn about the risk of a pullback in small-cap stocks [1]