指数基金投资+：利率债和美股上涨，风险平价类策略均创新高

Market Overview - The average daily trading volume of A-shares reached 1.7 trillion CNY, with the Shanghai Composite Index surpassing 3,400 points[3] - H-shares outperformed A-shares, with the Hang Seng Tech Index rising by 2.55%[3] ETF Strategies Performance - The "Xinxuan ETF Absolute Return Strategy" achieved a total return of 21.22% year-to-date, outperforming equal-weighted ETFs by 5.79%[11] - The "China-US Core Asset Portfolio" recorded an annualized return of 33.29%, exceeding equal-weighted indices by 11.06%[14] - The "High Prosperity/Dividend Rotation Strategy" yielded an annualized return of 20.81%, outperforming equal-weighted indices by 24.32%[15] Fundraising and New Funds - A total of 17 new public funds were established this week, raising a total of 32.923 billion CNY, with 7 index funds accounting for 18.038 billion CNY[26] - 13 index funds are set to launch next week, including the Guotai Chuangye Board 50 ETF and Huaxia Index Fund[29] Capital Flows - A-shares, bonds, commodities, and cross-border ETFs saw net inflows of 10.863 billion CNY, 4.293 billion CNY, 346 million CNY, and 2.529 billion CNY respectively this week[38][49] - The "Xinxuan ETF" structured risk parity strategy achieved an annualized return of 4.81% with a maximum drawdown of 0.48%[17] Market Sentiment - The AH premium index reached a historical high of 90%, indicating that H-shares are significantly undervalued compared to A-shares[5]