【公募基金】股基增强策略指数创新高，更高弹性持续助力——公募基金量化遴选类策略指数跟踪周报（2025.07.13）

Investment Highlights - The A-share equity market continues to show strong performance, driven by multiple factors, with market sentiment improving and showing an upward trend [2][3] - The U.S. equity market has seen a slowdown in its upward momentum, exhibiting high-level fluctuations [2] - The stock-based enhancement strategy index has outperformed, recording excess returns, while the index has also surpassed previous highs from October 2024 [2][3] Quantitative Strategy Allocation View - The ranking of strategies is as follows: Stock-based enhancement strategy > Evergreen low-volatility strategy > Overseas equity strategy [3] - The Shanghai Composite Index has regained upward momentum, breaking through the 3500-point level, with technology growth sectors showing signs of stabilization after adjustments [3] - The evergreen low-volatility strategy has shown strong performance but may face reduced upward momentum in the short term due to potential declines in dividend yield [3] Overseas Market Dynamics - Recent developments indicate a rapid recovery in U.S. markets following a reduction in tariff risks, with key indices like Nasdaq and S&P 500 breaking previous highs [4] - Short-term risks may arise as uncertainties in overseas policies become more apparent, but the long-term outlook for U.S. equities remains positive [4] Fund Strategy Performance - The evergreen low-volatility fund strategy recorded a return of 0.445%, while the stock-based enhancement strategy achieved a return of 1.277% [5] - The cash enhancement fund strategy outperformed the benchmark with a return of 0.028% [6] - The overseas equity allocation fund strategy recorded a return of 0.562%, despite facing challenges from tariff impacts [6] Tool-based Fund Combination Performance Tracking - The evergreen low-volatility fund combination has maintained low volatility and small drawdowns, outperforming the benchmark since its strategy launch [11] - The stock-based enhancement fund combination has shown potential for stronger performance as market conditions improve [12] - The cash enhancement fund combination has consistently outperformed its benchmark since its inception [15] - The overseas equity allocation fund combination has accumulated significant excess returns, benefiting from global technology growth [17] Tool-based Fund Combination Construction Ideas - The report emphasizes the need for a quantitative approach to fund selection to meet diverse investor needs in changing market conditions [19][21] - The evergreen low-volatility fund combination aims to select funds with stable long-term returns, while the stock-based enhancement strategy focuses on identifying funds with strong alpha generation capabilities [22][23] - The cash enhancement fund strategy aims to optimize returns while minimizing risk, and the overseas equity allocation strategy seeks to provide global diversification [24][25]