AI模型做指数增强，他的“代表作”业绩很亮眼

Core Insights - The article highlights the significant growth of index funds, particularly index-enhanced funds, which combine the discipline and diversification of index funds with active management to seek excess returns (Alpha) [1] - Despite the overall decline in excess returns for many index-enhanced products due to increased market efficiency and homogenization of quantitative strategies, the manager Shi Rongsheng from Anxin Fund has achieved consistent and stable excess returns through a unique "AI + machine learning" quantitative framework [1][2] Group 1: Performance Metrics - As of August 24, 2023, the Anxin Quantitative Selected CSI 300 Index Enhanced Fund has achieved a cumulative return of 36.53%, outperforming the CSI 300 by 14.89%, with a one-year cumulative return of 45.63%, exceeding the CSI 300 by 10.24% [2][3] - The fund's performance metrics, including information ratio (annualized) of 2.13, Sharpe ratio (annualized) of 1.92, and Calmar ratio of 4.22, significantly surpass the average levels of CSI 300 index-enhanced funds [3][5] Group 2: Investment Strategy - Shi Rongsheng's investment strategy has evolved from traditional multi-factor models to a focus on machine learning, allowing for more effective capture of complex relationships between returns and factors, thus overcoming the limitations of traditional factor-driven approaches [8][14] - The application of AI and machine learning in quantitative investment enables the identification of mathematical relationships between various factors and stock performance, enhancing the efficiency of discovering complex patterns that traditional methods may miss [7][8] Group 3: Future Prospects - Building on the success of the CSI 300 index-enhanced fund, Shi Rongsheng is set to manage a new product, the Anxin ChiNext Index Enhanced Fund, which targets growth-oriented innovative enterprises in strategic emerging industries [9] - The ChiNext Index has shown significant long-term performance, with a cumulative return of 189.01% since its inception, indicating a strong potential for future investment opportunities [12]