【公募基金】市场再度高位震荡调整，低波策略显现降波作用——公募基金量化遴选类策略指数跟踪周报（2025.09.07）

Group 1 - The A-share equity market experienced a rapid adjustment after approaching the high point of August 2025, with the Shanghai Composite Index dropping below 3750 before recovering. The maximum drawdown for the Shanghai Composite Index was -2.83%, while the CSI Active Equity Fund Index saw a larger drawdown of -4.60% during the week [3][4] - The market is expected to maintain an upward trend despite short-term resistance, with limited room for correction. The stock enhancement strategy is seen as having relatively greater potential at this time, while the Evergreen Low Volatility Strategy serves as a foundational allocation to optimize portfolio volatility [4][5] - The U.S. stock market has shown a continuous upward trend due to easing tariff expectations and strong earnings reports from tech companies. The dovish remarks from the Federal Reserve Chairman at the Jackson Hole meeting are expected to inject new momentum into the market, with a new round of interest rate cuts anticipated in September [5][6] Group 2 - The Evergreen Low Volatility Fund Strategy achieved a return of 0.141% this week, with a cumulative return of 20.565% since its strategy launch on July 31, 2023. This strategy has demonstrated strong stability and effective reduction of portfolio volatility [9][10] - The Stock Enhancement Fund Strategy recorded a return of -0.922% this week, with a cumulative return of 26.928% since its inception. The strategy aims to identify undervalued companies as market conditions improve [6][11] - The Cash Growth Fund Strategy achieved a return of 0.028%, outperforming the benchmark index. Since its launch, it has accumulated an excess return of 0.486% [6][13] - The Overseas Equity Allocation Fund Strategy recorded a return of -0.421% this week, with a cumulative return of 35.361% since its inception. The strategy benefits from the easing of tariff tensions and the growth of technology stocks [6][16] Group 3 - The construction of the Evergreen Low Volatility Fund aims to select funds with long-term stable return characteristics, focusing on funds that have demonstrated low volatility and drawdown levels [20][22] - The Stock Enhancement Fund Strategy is designed to identify funds with strong alpha generation capabilities, aiming to provide higher returns in improving market conditions [24][25] - The Cash Growth Fund Strategy focuses on selecting higher-yielding money market funds while minimizing yield volatility, providing effective cash management solutions [25][26] - The Overseas Equity Allocation Fund Strategy utilizes momentum and reversal factors to select international equity indices, enhancing global asset allocation opportunities for investors [21][26]