华鑫量化全天候策略连续三周新高

Group 1: Market Overview and Trends - The average daily trading volume in the domestic market has increased to 1.37 trillion, with the A-share market showing resilience despite economic downturns, particularly in U.S.-China relations [5] - The ChiNext index saw a slight increase of 0.22%, while the North Star 50 and Sci-Tech Innovation Board experienced declines, indicating a mixed sentiment in the market [5] - The recent military conflict between Iran and Israel has put pressure on risk assets, leading to a cautious outlook for the market [5] Group 2: ETF Strategies and Performance - The "Xinxuan ETF Absolute Return Strategy" has shown impressive performance with a total return of 34.43% since the beginning of 2024, outperforming the equal-weighted ETF benchmark by 20.32% [12] - The "All-Weather Multi-Asset Risk Parity Strategy" has achieved a return of 20.13% with a maximum drawdown of 3.62% and a Sharpe ratio of 2.56, indicating effective risk management [15] - The "China-U.S. Core Asset Portfolio" has delivered an annualized return of 33.87% since early 2015, significantly outperforming the equal-weighted index [21] Group 3: New ETF Launches and Fundraising - A total of 13 new index funds were reported this week, including 2 ETFs and 3 linked funds, indicating a growing interest in index-based investment products [34] - This week, 15 new public funds were established, raising a total of 89.34 billion, with 6 new index funds accounting for 48.14 billion of that total [36] - Upcoming fund launches include 14 new index funds, such as the Huabao Hang Seng Innovation Drug ETF, reflecting ongoing market activity [37] Group 4: ETF Fund Flows - As of June 13, 2025, the net subscription amounts for A-shares, bonds, commodities, and cross-border ETFs were -16.48 billion, 15.33 billion, 1.86 billion, and -0.33 billion respectively, indicating varied investor sentiment across asset classes [44] - In the A-share ETF segment, the broad-based ETFs saw a net outflow of 12.7 billion, with significant selling in the CSI 500 and CSI 300 ETFs [45] - The commodity ETF segment, particularly gold ETFs, experienced a net inflow of 18.29 billion, highlighting a shift towards safe-haven assets [53]