基金早班车丨宽基ETF成交同步放大，资金押注大盘成长再平衡

Market Overview - In the past month, wide-based ETFs such as the CSI A500, STAR Market 50, and CSI 300 have seen increased trading volume and net inflows, indicating a shift towards structural market opportunities ahead of the Spring Festival [1] - On December 18, A-shares showed mixed performance with the Shanghai Composite Index rising by 0.16% to 3876.37 points, while the Shenzhen Component Index and ChiNext Index fell by 1.29% and 2.17% respectively [1] Fund News - On December 18, 10 new funds were launched, primarily mixed and ETF-linked funds, with the Qianhai Kaiyuan CSI Private Enterprise 300 ETF Linked A aiming to raise 8 billion yuan [2] - As of December 17, 39 public funds participated in 85 stock placements, accumulating 34.088 billion yuan, a 14.24% increase compared to the same period last year, indicating a positive stance from public funds in the refinancing market [2] - By December 14, net subscriptions for public funds reached 9.876 billion yuan (excluding money market funds), involving 1561 products, a significant increase of 163.08% from the previous year, with index funds being a key focus [2] Quantitative Strategies - In a structural market, stock quantitative long strategies have continued to perform strongly, with an average excess return of 17.25% across 833 related products as of the end of November, with 91.48% achieving positive excess returns [3] - The private equity sector, particularly those with assets between 2 billion to 5 billion yuan, showed the best performance with an average excess return of 20.12% and a 93% positive excess return rate [3]