源达信息研究院吴起涤：投资者走向“量化时代” 个人投资者亦可玩转 “因子组合”

Core Viewpoint - The integration of AI technology in the financial investment research sector is enabling individual investors to enter the "quantitative era," allowing them to construct strategies similar to those of "quantitative fund managers" [1][8]. Group 1: Research Focus and Methodology - The research institute focuses on macroeconomic research, financial engineering, industry research, company research, and regional economic research, integrating these areas to provide comprehensive decision support in the AI era [2][9]. - Financial engineering research is considered a key support throughout the investment research process, emphasizing a holistic approach rather than isolating single-field studies [2][9]. Group 2: Competitive Advantages - The institute holds a license, providing a natural compliance foundation, and possesses a deeper understanding of macroeconomics and the securities market compared to tech giants developing general language models [3][10]. - The strategy is to focus on the securities industry as a specialized vertical, leveraging extensive database resources and a methodology based on securities industry thinking [3][10]. Group 3: AI Product Features - The AI product includes features such as "analyzing management expressions to assist investment decisions," which involves multi-modal model collaboration and the application of alternative data [4][11]. - Alternative data, such as management expressions, can provide insights that traditional structured data cannot, helping investors to "predict the future" rather than just reflecting past performance [4][11]. Group 4: Factor Combination and AT System - The AT system is a proprietary programmatic trading system designed to assist investors in applying factors, constructing strategies, backtesting, and executing programmatic trading [5][13]. - The system includes a rich factor library covering various types of factors, allowing investors to create personalized trading strategies based on their risk preferences [5][13]. Group 5: Role of Individual Investors - Individual investors can use the system to manage their funds scientifically, akin to a quantitative fund manager, but with a focus on personal fund management rather than large portfolios [6][14]. - The AT system aids investors in understanding the market, identifying quality enterprises, and contributing to the healthy development of the capital market [6][14].