大增319%！指数大时代，“聪明资金”已经选择了“增强版”

Core Insights - The significant transformation in the fund industry in 2025 is characterized by the remarkable growth of passive investment, particularly in enhanced index funds, which have seen a 319% increase in new fund establishments compared to 2024, reaching a total issuance of 96.17 billion units [1] - Tianhong Fund has strategically positioned itself in the enhanced index space, leveraging AI technology and a systematic research and investment capability to create a comprehensive and robust product matrix, achieving a place among the "billion-dollar club" in the industry [1][5] Group 1: Enhanced Index Fund Growth - As of December 25, 2025, 176 new equity-enhanced index funds were established, a significant increase from 42 in 2024, indicating a shift towards quality-focused asset management [1] - The total issuance of enhanced index funds reached 96.17 billion units, nearing the 100 billion mark, highlighting the growing acceptance and demand for these investment vehicles [1] Group 2: Tianhong Fund's Strategic Positioning - Tianhong Fund has been developing its enhanced index strategy since 2015, launching its first product in 2019 and expanding its offerings to five new products in 2025, indicating a robust growth trajectory [2] - The fund's product matrix includes a wide range of enhanced index funds covering major indices and sectors, catering to diverse asset allocation needs [2][3] Group 3: Performance and Risk Management - As of September 30, 2025, over 90% of investors holding Tianhong's enhanced index products for more than six months outperformed their respective benchmarks, demonstrating the effectiveness of the fund's strategies [5] - Tianhong's enhanced index products have shown strong performance, with the Tianhong CSI Technology 100 Enhanced A achieving a return of 56.51%, exceeding its benchmark by 5.42 percentage points over the past year [5] Group 4: Research and AI Integration - Tianhong Fund emphasizes a systematic approach to research and investment, utilizing a comprehensive quantitative research framework that integrates AI technology to enhance alpha generation and risk management [7][10] - The integration of AI allows for the identification of hidden excess factors and improves risk control, resulting in reduced volatility and better risk-adjusted returns for investors [10][12]