拥抱全指投资新时代，东方红量化增强策略“指”掌先机

Core Viewpoint - The article emphasizes the advantages of investing in the CSI All Share Index Enhanced Fund as a more stable investment strategy amidst the volatility of industry rotation and style switching in the Chinese capital market [1][2]. Group 1: Overview of CSI All Share Index - The CSI All Share Index (000985) provides a comprehensive view of the Chinese capital market, covering stocks from the Shanghai, Shenzhen, and Beijing exchanges, aiming to benefit from the overall development of the Chinese economy [1][2]. - The index includes over 5,060 stocks, making it the most comprehensive and diversified index, reflecting the overall performance of A-share market companies [2][4]. - Compared to other broad-based indices, the CSI All Share Index has a wider coverage and a more balanced industry distribution, making it a better representation of the A-share market ecosystem [2][4]. Group 2: Advantages of CSI All Share Index - The index's broad coverage makes it a strong indicator of the Chinese capital market, unlike other indices that focus on specific market segments [4]. - The industry distribution of the CSI All Share Index aligns closely with the structure of the national economy, reducing risks associated with single industry shocks [6][7]. - The top ten industries in the CSI All Share Index account for 67.8% of its composition, with a lower concentration in top-weighted stocks compared to other indices, further diversifying risk [7]. Group 3: Investment Strategy and Performance - Investing in the CSI All Share Index allows investors to capture the overall market movements without missing out on any style or industry rotations [5][12]. - The index has shown significant long-term growth, with impressive performance compared to other indices over various time frames [10][11]. - The CSI All Share Index is suitable for long-term asset allocation, allowing investors to share in the comprehensive growth of the Chinese economy [12][14]. Group 4: Enhanced Fund Strategy - The Oriental Red CSI All Share Index Enhanced Fund (A Class 025911, C Class 025912) aims to achieve excess returns over the CSI All Share Index through quantitative strategies [15][18]. - The fund leverages a quantitative investment approach, utilizing multi-factor models and machine learning to enhance investment decisions and capture pricing inefficiencies [16][17]. - The fund's strategy includes two main types of enhancement: fundamental value discovery and trend-following based on price-volume patterns, ensuring diversified sources of returns [17].