300多只“百亿级”量化私募产品净值创新高

Core Insights - The A-share market in November faced a downturn, with major indices declining, yet quantitative private equity funds achieved remarkable performance, with over 300 funds reaching historical net value highs and an average annual return of 67.39% for some funds [1][2] Group 1: Performance of Quantitative Private Equity - In November, 389 products from billion-level private equity funds reached historical net value highs, accounting for approximately 61% of the total products [2] - Among these, over 80% were quantitative products, totaling 324, with 18 billion-level quantitative private equity firms having all their products reach new highs [2] - Leading quantitative firms like Lingjun Investment and Ningbo Huansheng Quantitative achieved annual average returns of 67.39% and 52.55%, respectively, with multiple products hitting new net value records [2][3] Group 2: Distribution and Dividend Trends - The total number of private equity products registered in November reached 1,285, marking a 29.28% increase from October, with quantitative products accounting for 43.97% of the total [5] - Since 2025, private equity products have implemented dividends 1,658 times, totaling over 173.38 billion yuan, a significant increase of 236.59% compared to the same period in 2024 [3][4] - Stock strategies have been the primary driver of dividends, with 984 distributions amounting to 132.19 billion yuan, representing 76.24% of the total [3] Group 3: Market Outlook and Investor Sentiment - The increase in product issuance is driven by optimistic market expectations, with 885 private equity firms conducting research on 439 stocks in November [6] - Analysts suggest that the market is transitioning from a single growth style to a balanced approach, focusing on high-prosperity sectors for future rebounds [6] - The anticipated policy support in 2026 is expected to enhance market sentiment and activity, with a slow bull market trend likely to continue [6]