【公募基金】低波策略回撤控制能力占优，海外避险情绪持续高涨——公募基金量化遴选类策略指数跟踪周报（2025.03.02）

Investment Insights - The equity market experienced a rise followed by a decline, with A-shares showing significant pullback starting Friday, indicating a potential pause in the previously heated "spring offensive" [1] - The overall equity market fell by 2.53% for the week, while the Zhongzheng Active Equity Fund Index dropped by 2.70%. In contrast, the Evergreen Low Volatility strategy showed resilience with only a slight decline of 1.13% [1] - The U.S. stock market continued to exhibit risk-averse sentiment, experiencing a notable pullback, although a rebound occurred on Friday. Concerns regarding risk factors remain unresolved [1] Quantitative Strategy Allocation - The recommended strategy hierarchy is Evergreen Low Volatility Strategy > Overseas Equity Strategy > Enhanced Equity Strategy [2] - A cautious stance is maintained for the A-share market in the short to medium term, with the Evergreen Low Volatility strategy showing effectiveness early in the week. Attention is drawn to potential overheating risks in the technology growth sector [2] - Defensive sectors, such as banks, remain attractive for long-term investment despite recent underperformance, especially as the market approaches key political events [2] Overseas Market Analysis - The U.S. stock market has been in a prolonged range-bound phase since December, with recent risk factors leading to heightened risk-averse sentiment and a continued pullback [3] - Despite short-term uncertainties, some quality companies have reached attractive valuation levels, presenting potential investment opportunities [3] - The Evergreen Low Volatility Fund strategy recorded a weekly decline of 1.127%, outperforming the benchmark with an excess return of 1.572% [3] Fund Strategy Performance - The Evergreen Low Volatility Fund has demonstrated strong stability since its inception, maintaining low volatility and drawdown levels while achieving decent returns [4] - The Enhanced Equity Fund strategy has shown a close performance to the benchmark, with potential for stronger returns as market conditions improve [4] - The Cash Growth Fund strategy achieved a return of 0.032%, outperforming the benchmark, with cumulative excess returns since inception [4] Global Investment Strategy - The Overseas Equity Allocation Fund strategy recorded a decline of 2.217%, influenced by various market disturbances, but still holds potential for future growth as the U.S. economy remains stable [5] - The strategy aims to provide diversified global investment opportunities, particularly in the context of ongoing technological advancements and economic conditions [5] Fund Performance Tracking - The Evergreen Low Volatility Fund strategy has maintained a return of 7.158% since its inception, significantly outperforming the Zhongzheng Active Equity Fund Index [15] - The Enhanced Equity Fund strategy has shown a return of 8.016% since inception, indicating strong potential for future performance [15] - The Cash Growth Fund strategy has accumulated an excess return of over 0.29% since its launch, providing effective cash management solutions [19]