兴证全球基金田大伟：运用量化策略，打造风格清晰的指增精品

Core Insights - The investment approach of index-enhanced quantitative strategies is evolving, with expectations for AI to play a significant role in optimizing trading signals and automating transactions [1][2] - The concept of alpha factors is central to quantitative strategies, which require a combination of factors to perform well across different market conditions [1][2] - The company has a strong track record in the index enhancement field, with a focus on developing effective alpha factors to achieve superior investment results [2][3] Group 1 - The company is exploring the potential of AI in finance, anticipating that advanced models could eventually handle stock selection and trading autonomously [2] - The firm has accumulated significant experience in index enhancement since 2010, leading to a positive reputation and a large client base, with over 610,000 holders in its index-enhanced funds as of June 30 [2] - A new index-enhanced fund based on the CSI 500 index is set to be launched, emphasizing mid-cap growth sectors such as electronics and pharmaceuticals, aligning with economic transformation trends [3] Group 2 - The new fund aims to create a stock portfolio that outperforms the existing index by leveraging strong and stable alpha factors, thereby generating consistent excess returns [3] - The strategy involves constructing a new stock combination that differentiates itself from the index's constituent stocks while maintaining similar characteristics [3] - The company emphasizes the importance of a comprehensive system of factors rather than relying on individual factors, likening successful strategies to a forest rather than a single tree [2]