永赢基金蔡路平：从“切蛋糕”到“矩阵思维”，永赢指数业务步入2.0时代

Core Insights - Yongying Fund has differentiated itself in the ETF market by innovatively developing a series of "first-of-its-kind" index products, including medical device ETFs, gold stock ETFs, general aviation ETFs, satellite ETFs, and Hong Kong medical ETFs, achieving an ETF management scale exceeding 15 billion yuan as of September 4 this year [1][3][5] Group 1: Business Strategy - The index business of Yongying Fund began with broad-based index products like the CSI 300 and ChiNext Index, and later focused on niche sectors such as medical devices, driven by significant market trends in the pharmaceutical sector [3][5] - The company employs a "cake-cutting" strategy to identify opportunities in mature sectors by exploring more attractive and potential sub-sectors [3][5] - Future plans include enhancing the product matrix while improving marketing support, personnel allocation, and investment services to strengthen overall business operations [1][7] Group 2: Product Development - Yongying Fund has accelerated its index product offerings this year, launching seven new ETF products, including the Yongying CSI A500 ETF and the Yongying Hong Kong Stock Medical Theme ETF [5][6] - The company aims to continue diversifying its product offerings across various sectors such as consumption, manufacturing, technology, cycles, finance, and military industry [5][6] Group 3: Infrastructure and Collaboration - The efficient collaboration mechanism within Yongying Fund, characterized by a flat organizational structure, facilitates high levels of cross-departmental communication and idea generation [4][5] - The company emphasizes the importance of infrastructure development to ensure the availability of suitable investment tools across different market conditions [6] Group 4: Quantitative Investment - Yongying Fund is also focusing on enhancing its quantitative investment business, with a primary emphasis on index enhancement strategies and plans to expand into active quantitative strategies [8] - The team is leveraging advanced technologies, including AI models, to improve strategy effectiveness and adapt to market conditions [8]