多策略及理财配置周报：CTA策略仍强，指增和中性策略回暖

Multi-Strategy Performance - A-share equity strategies and commodity CTA strategies are currently dominant, with A-share equity strategies showing continued opportunities for allocation[7] - The index enhancement strategy has seen a rebound, with the median excess return for public funds turning positive[10] - Private CTA strategies remain strong, benefiting from trends in precious metals like gold and silver, as well as increased volatility in non-ferrous metals[29] Bank Wealth Management Performance - Overall, bank wealth management products have positive returns, with significant gains in commodity and equity products, but overall scale has not expanded[32] - Cash management products increased by 0.02%, while fixed income products rose by 0.06%, and mixed products saw a 0.24% increase, indicating strong performance relative to historical data[33] - The scale of cash management products decreased by 0.09%, and fixed income products saw a reduction of 0.04%, reflecting a general trend of declining scale across most categories[39] Risk Considerations - Extreme risk events, such as US-China relations and unexpected global geopolitical events, could disrupt historical statistical patterns[4] - The risk of quantitative indicators failing, as historical data may not effectively guide future performance, is a concern[4]