公募基金量化遴选类策略指数跟踪周报（2025.07.20）：市场情绪回暖风偏提升，股基增强策略指数持续新高-20250722

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core Viewpoints - The A-share equity market continues to be strong, while the US equity market shows a high-level consolidation trend. The dividend low-volatility strategy index remains stable, and the equity fund enhancement strategy index shows high elasticity [4]. - The recommended order of quantitative strategy allocation is: equity fund enhancement strategy > evergreen low-volatility strategy > overseas equity strategy [5]. - The report is relatively optimistic about the A-share market. The equity fund enhancement portfolio may have more room, and the evergreen low-volatility strategy can be used as a base allocation. The overseas market has short-term high-level correction risks, but long-term investment value remains [5][6]. 3. Summary by Directory 3.1 Toolized Fund Portfolio Performance Tracking - Evergreen Low-Volatility Fund Portfolio: It has maintained low volatility characteristics, with significantly better volatility and maximum drawdown than the CSI Active Equity Fund Index. Since the strategy started on July 31, 2023, it has achieved significant excess returns and has both defensive and offensive capabilities [15]. - Equity Fund Enhancement Fund Portfolio: The strategy has been running for a short time, and its performance is close to the CSI Active Equity Fund Index. It is expected to have stronger elasticity after the market environment improves [18]. - Cash Enhancement Fund Portfolio: After double screening, it continuously outperforms the benchmark. Since the strategy started at the end of July 2023, the excess return has been continuously accumulated, providing a reference for cash management [19]. - Overseas Equity Allocation Fund Portfolio: Since July 31, 2023, it has accumulated high excess returns, and global allocation can increase the returns of the equity investment portfolio [23]. 3.2 Toolized Fund Portfolio Construction Ideas - Evergreen Low-Volatility Fund Portfolio: The goal is to select funds with long-term stable returns from high-equity position actively managed funds. By adding restrictions on fund valuation levels, a low-volatility active equity fund portfolio is constructed [28]. - Equity Fund Enhancement Fund Portfolio: The goal is to meet the needs of equity fund investors with different risk preferences. It configures funds managed by fund managers with strong Alpha mining capabilities, and the portfolio shows excellent holding-period win rates [29]. - Cash Enhancement Fund Portfolio: A money fund selection system is constructed by comprehensively considering various money fund factors to help investors obtain higher returns and reduce return volatility risks [30]. - Overseas Equity Allocation Fund Portfolio: Based on overseas equity market indices, it selects QDII funds corresponding to indices with good upward momentum to construct a portfolio, providing an auxiliary tool for global investment [31].