牛市结束？市场分歧加剧，有人已经吃满20%超额

Core Insights - The current sentiment towards the CSI 2000 index is mixed, with some investors believing it is on the verge of a bull market while others are hesitant due to recent price increases [2][4] - The CSI 2000 index has risen over 63.5% since September 24, 2024, becoming a key driver of the current market rally, supported by monetary easing and policies favoring small and specialized enterprises [4][5] Group 1: Market Performance - The CSI 2000 index has seen significant gains, with the first ETF tracking it, the CSI 2000 Enhanced ETF (159552), achieving over 40% returns this year and approximately 19% excess returns relative to the index [2] - The trading volume of the CSI 2000 index has increased, with its market turnover share rising from under 10% in 2021 to nearly 30% [5] Group 2: Investment Strategies - Investors waiting for a market correction may miss opportunities, as past experiences suggest that waiting for a significant drop often leads to missed buying opportunities and subsequent losses [4] - A contrasting strategy involves using quantitative approaches to capture immediate market signals, which has resulted in a 20% excess return for those already invested in the CSI 2000 Enhanced ETF [4] Group 3: Risk Considerations - Fund managers have warned about the accumulation of risks in small-cap stocks, suggesting a cautious approach to investment, such as dollar-cost averaging and maintaining a balanced portfolio [8]