把握宏观利好与合理估值，华夏沪深300指数量化增强正在发行中

Core Viewpoint - China's economy is in a critical phase of high-quality development, with steady recovery in the economic fundamentals supported by coordinated fiscal and monetary policies, and a series of measures to boost capital market confidence since 2025 [1] Group 1: Market Environment - The central government has introduced various initiatives to enhance capital market confidence, including optimizing dividend mechanisms for listed companies and promoting long-term capital inflows [1] - Investor risk appetite has notably increased, leading to heightened interest in large-cap broad-based index products with stable fundamentals and potential for excess returns [1] Group 2: Fund Launch - Huaxia Fund has launched the Huaxia CSI 300 Index Quantitative Enhanced Securities Investment Fund, aiming to achieve sustainable excess returns through a dual strategy of "index tracking + quantitative enhancement" while controlling tracking error [1][5] - The fund is designed to meet the demand for high-cost performance asset allocation tools in the current market environment [1] Group 3: Index Characteristics - The CSI 300 Index represents 300 leading companies with strong liquidity and profitability across various sectors, serving as a key indicator of China's macroeconomic performance [2] - As of November 26, 2025, the CSI 300's price-to-earnings ratio is 13.9, at the 61st percentile of its historical range, indicating a potential opportunity for better positioning [2] Group 4: Quantitative Strategy - The Huaxia CSI 300 Index Quantitative Enhanced Fund employs a systematic and disciplined quantitative enhancement strategy to achieve stable and sustainable excess returns while closely tracking the CSI 300 Index [3] - The strategy utilizes a proprietary multi-factor quantitative model, leveraging over a hundred effective factors through big data analysis and machine learning to dynamically select stocks with excess return potential [3] Group 5: Fund Management and Performance - Huaxia Fund is a leading asset management institution with over 900 billion in index investment management, recognized for its excellence in passive investment [4] - The proposed fund manager, Jing Boling, has 9 years of experience in the securities industry and has demonstrated strong performance in managing similar quantitative enhancement products [4] - The fund has achieved a net value growth of 59.09% since its inception, outperforming its benchmark by 17.99% as of the third quarter of this year [4] Group 6: Investment Outlook - The Huaxia CSI 300 Index Quantitative Enhanced Fund aims to achieve stable returns in a low-volatility environment, capitalizing on favorable macro policies, improved market sentiment, and historically low index valuations [5] - The fund is positioned as a quality tool for investors seeking to participate in the long-term growth of core A-share assets while pursuing returns that exceed the index [5]