【博道基金】指数+油站 | 不想只赚市场平均？指数增强助你“多赚一点”

Core Viewpoint - Index-enhanced funds are designed to provide a balance between the ease of index investing and the potential for higher returns than the market average [1] Group 1: Mechanism of Index-Enhanced Funds - Index-enhanced funds aim to achieve returns that exceed a specific index through a combination of active management and quantitative strategies, seeking to outperform the index by losing less in downturns and gaining more in upturns [2] - The returns of index-enhanced funds can be divided into two components: β returns (market returns) and α returns (excess returns) [3] Group 2: Performance Data - Historical data indicates that index-enhanced products have consistently outperformed the index, achieving significant excess returns over time [4] - From 2010 to 2024, the average return of the CSI 300 enhanced funds has consistently surpassed that of the CSI 300 index, with a cumulative excess return exceeding 67% [5][6] Group 3: Market Context - The potential for obtaining excess returns in the A-share market is greater compared to overseas markets, primarily due to a higher proportion of individual investors in China, leading to more significant valuation fluctuations [7] - Given the current market conditions, index-enhanced products may be more suitable for ordinary investors seeking excess returns compared to passive index products [7]