量化基金周度跟踪（20250922-20250926）：A股继续震荡，量化基金表现分化，超额多数为负-20250927

Report Industry Investment Rating No relevant information provided. Core View of the Report The report focuses on the performance of the quantitative fund market, summarizing the performance of major indices and quantitative funds in the past week, the overall performance and distribution of different types of public quantitative funds, and the top - performing quantitative funds this week for investors' reference. During September 22 - 26, 2025, the A - share market continued to fluctuate, quantitative funds showed differentiated performance, and most of the excess returns were negative [1][2][6]. Summary by Directory 1. Performance of Major Indices and Quantitative Funds in the Past Week - The A - share market continued to fluctuate, with different performances among indices. The one - week returns of CSI 300, CSI 500, and CSI 1000 were 1.07%, 0.98%, and - 0.55% respectively [3][6]. - Quantitative funds showed differentiated performance. Active quantitative funds rose by an average of 0.44%. Most of the excess returns were weak. CSI 300 index - enhanced, CSI 500 index - enhanced, and other index - enhanced funds recorded negative excess returns of - 0.22%, - 0.09%, and - 0.09% respectively. Only CSI 1000 index - enhanced funds outperformed the index, with an average excess return of 0.53%. Market - neutral funds fell by an average of 0.27% [4][9]. 2. Performance of Different Types of Public Quantitative Funds - CSI 300 Index - Enhanced Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were 0.85%, 1.58%, 14.41%, 16.51%, 28.39%, and 17.37% respectively. The corresponding excess returns were - 0.22%, - 0.61%, - 0.90%, 0.42%, 0.06%, and 1.73% [13]. - CSI 500 Index - Enhanced Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were 0.89%, 2.65%, 21.40%, 21.92%, 44.92%, and 27.42% respectively. The corresponding excess returns were - 0.09%, - 1.32%, - 2.63%, 0.19%, - 1.71%, and 0.95% [13]. - CSI 1000 Index - Enhanced Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were - 0.01%, - 0.33%, 19.44%, 21.80%, 60.37%, and 31.61% respectively. The corresponding excess returns were 0.53%, 0.72%, 1.04%, 5.03%, 8.59%, and 7.44% [14]. - Other Index - Enhanced Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were 1.30%, 4.54%, 24.72%, 27.15%, 63.67%, and 34.49% respectively. The corresponding excess returns were - 0.09%, - 0.57%, - 1.72%, 1.46%, 0.58%, and 2.58% [14]. - Active Quantitative Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were 0.44%, 1.44%, 17.44%, 20.07%, 44.25%, and 26.00% respectively [15]. - Market - Neutral Funds: The one - week, one - month, three - month, six - month, one - year, and year - to - date returns were - 0.27%, - 0.37%, 0.01%, 0.18%, - 0.48%, and 0.59% respectively [15]. 3. Performance Distribution of Different Types of Public Quantitative Funds The report shows the performance trends of different types of public quantitative funds in the past six months, as well as the performance distribution in the past week and one year. Index - enhanced funds show the performance of excess returns [16]. 4. Top - Performing Public Quantitative Funds - CSI 300 Index - Enhanced Top - Performing Funds: Funds such as Huashang 300 Smart Selection, China - Europe CSI 300 Index Enhancement performed well, with different excess returns in different time periods [30]. - CSI 500 Index - Enhanced Top - Performing Funds: Funds like Shenwan Hongyuan CSI 500 Optimal Enhancement, Penghua CSI 500 Index Enhancement had good performance [31]. - CSI 1000 Index - Enhanced Top - Performing Funds: Funds including Guolianan CSI 1000 Index Enhancement, Huatai - Peregrine CSI 1000 Enhanced Strategy ETF showed excellent performance [32]. - Other Index - Enhanced Top - Performing Funds: Funds such as China Merchants CSI 2000 Enhanced Strategy ETF, China Merchants SZSE 2000 Index Enhancement performed well [33]. - Active Quantitative Top - Performing Funds: Funds like Taikang Semiconductor Quantitative Stock Selection, Jiutai Quantitative Emerging Industries had high returns [34]. - Market - Neutral Top - Performing Funds: Funds such as Huatai - Peregrine Absolute Return Strategy, ICBC Absolute Return performed well [35].