风格Smart beta组合跟踪周报（2026.03.02-2026.03.06）-20260310

• The report discusses the construction of Smart Beta portfolios based on three styles: value, growth, and small-cap, selected for their low historical correlation and aimed at achieving high beta elasticity and long-term stable excess returns[7] - The Value Smart Beta portfolio includes two sub-portfolios: Value 50 and Value Balanced 50, with respective weekly returns of 0.55% and -1.68%, and annual returns of 2.13% and 9.12% as of March 6, 2026[5][8][10] - The Growth Smart Beta portfolio includes Growth 50 and Growth Balanced 50, with weekly returns of -1.41% and -0.23%, and annual returns of 2.98% and 14.22% as of March 6, 2026[5][8][18] - The Small-Cap Smart Beta portfolio includes Small-Cap 50 and Small-Cap Balanced 50, with weekly returns of -4.01% and -5.11%, and annual returns of 10.52% and 7.12% as of March 6, 2026[5][8][20] - The Value 50 portfolio achieved an excess return of 0.28% relative to the benchmark index (Guozheng Value) for the week, while the Value Balanced 50 portfolio underperformed with an excess return of -1.95%[8][10] - The Growth 50 portfolio achieved an excess return of 0.64% relative to the benchmark index (Guozheng Growth) for the week, while the Growth Balanced 50 portfolio achieved a higher excess return of 1.82%[8][18] - The Small-Cap 50 portfolio achieved an excess return of -0.48% relative to the benchmark index (Guozheng 2000) for the week, while the Small-Cap Balanced 50 portfolio underperformed with an excess return of -1.58%[8][20]