基于公开调研的超额收益挖掘
Huachuang Securities·2026-01-16 12:11
  • The report constructs an equal-weighted index based on the stocks investigated by fund managers over the past six months, with the "Research Stock-All Sample Index" achieving a cumulative return of 21.0%, outperforming the Shanghai Composite Index's 15.2% during the same period[5][13][14] - The "Research Stock-Growth Index" achieved a cumulative return of 20.5% over the past six months, surpassing the Shanghai Composite Index's 15.2% during the same period. Additionally, the representative fund's equal-weighted net value growth rate reached 29.2%, outperforming both the Growth Index and the Shanghai Composite Index[25][26][27] - The "Research Stock-Balanced Index" recorded a cumulative return of 25.7% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 19.8%, which is lower than the Balanced Index but higher than the Shanghai Composite Index[32][33][34] - The "Research Stock-Value Index" achieved a cumulative return of 18.3% over the past six months, outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 8.8%, which is lower than both the Value Index and the Shanghai Composite Index[39][40][42] - The "Research Stock-Large Cap Index" achieved a cumulative return of 23.8% over the past six months, surpassing the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate reached 28.4%, outperforming both the Large Cap Index and the Shanghai Composite Index[51][52][54] - The "Research Stock-Mid Cap Index" recorded a cumulative return of 23.9% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 23.0%, which is close to the Mid Cap Index and higher than the Shanghai Composite Index[61][62][61] - The "Research Stock-Small Cap Index" achieved a cumulative return of 19.2% over the past six months, outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 17.5%, which is lower than the Small Cap Index but higher than the Shanghai Composite Index[68][69][71] - The "Research Stock-TMT Index" achieved a cumulative return of 23.9% over the past six months, surpassing the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate reached 38.8%, outperforming both the TMT Index and the Shanghai Composite Index[79][80][79] - The "Research Stock-Manufacturing Index" recorded a cumulative return of 23.4% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 29.4%, outperforming both the Manufacturing Index and the Shanghai Composite Index[87][88][87] - The "Research Stock-Consumer Index" achieved a cumulative return of 7.5% over the past six months, slightly outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 1.9%, which is lower than both the Consumer Index and the Shanghai Composite Index[94][95][94] - The "Research Stock-Cycle Index" recorded a cumulative return of 21.3% over the past six months, exceeding the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 29.2%, outperforming both the Cycle Index and the Shanghai Composite Index[100][101][100] - The "Research Stock-Financial Real Estate Index" achieved a cumulative return of 33.2% over the past six months, significantly outperforming the Shanghai Composite Index's 15.2%. The representative fund's equal-weighted net value growth rate was 7.7%, which is lower than both the Financial Real Estate Index and the Shanghai Composite Index[107][108][107]