权益因子观察周报第119期：上周小市值风格占优，本年中证2000指数增强策略收益18.84%-20250708

Group 1: Core Insights - The report highlights that small-cap stocks have outperformed in the recent week, with the CSI 2000 index showing a year-to-date excess return of 18.84% [1][6] - The report tracks the performance of public index-enhanced funds across major indices, including CSI 300, CSI 500, CSI 1000, and CSI 2000, providing insights into their excess returns [7][8] - The top-performing enhanced funds for the year are identified, with notable excess returns for various funds across different indices [3][12][20] Group 2: Fund Performance - As of July 4, 2025, the top three enhanced funds for the CSI 300 index have excess returns of 8.53%, 5.28%, and 5.07% respectively [8][10] - For the CSI 500 index, the leading funds have excess returns of 8.85%, 7.85%, and 6.92% [12][14] - The CSI 1000 index's top funds show excess returns of 13.1%, 12.65%, and 11.45% [16][18] - The CSI 2000 index's leading funds have excess returns of 12.78%, 12.71%, and 9.14% [20][22] Group 3: Factor Performance - The report tracks the performance of various single factors and broad categories, indicating that factors such as analyst forecasts and profitability metrics have shown strong excess returns in different stock pools [26][30][32] - For the CSI 300 stock pool, the best-performing factors over the past week include analyst forecast EP-FY3 and single-quarter operating profit, with excess returns of 1.3% each [30] - In the CSI 500 stock pool, the top factors include single-quarter non-recurring ROE change and analyst forecast ROE-FY3, with excess returns of 1.27% and 1.18% respectively [31]