【公募基金】节前震荡下行，风格短期切换——公募基金指数跟踪周报（2026.02.02-2026.02.06）

Equity Market Review and Outlook - The Shanghai Composite Index fell by 1.27%, the CSI 300 dropped by 1.33%, and the ChiNext Index decreased by 3.28% during the week of February 2-6, 2026, amid significant volatility in global resource futures and earnings disclosures from major US tech companies [1][4] - A-shares experienced increased volatility, with a notable drop of 100 points on Monday, followed by a recovery on Tuesday, and a shift to a fluctuating market for the rest of the week, influenced by upstream resource stocks and internet giants [4][5] - The market's risk appetite was constrained, with an average daily trading volume of 24,032 billion, reflecting a decrease from the previous week [4] - The technology sector is becoming increasingly sensitive to negative news, with potential pressure on tech styles as positive factors may be realized following the Two Sessions after the Spring Festival [5] Fixed Income Market Review and Outlook - The bond market saw a flattening yield curve during the week, with the 1-year government bond yield rising by 1.80 basis points to 1.32%, while the 10-year and 30-year yields fell to 1.81% and 2.25%, respectively [2][6] - The bond market is currently experiencing a strong oscillation, with some risk-averse funds flowing into bonds due to increased stock market volatility before the holiday [6][7] - The People's Bank of China has been actively injecting liquidity, with a net injection of 700 billion yuan through MLF in January, and the bond market is expected to remain stable without significant fluctuations in the short term [7] REITs Market Overview - The CSI REITs total return index fell by 0.91% to 1,042.84 points during the week, with most sectors declining, particularly consumption, data centers, and industrial parks [8] - Four new public REITs made progress in the primary market, indicating ongoing developments in the sector [8] Fund Index Performance Tracking - The monetary enhancement strategy index increased by 0.03% for the week, while the short-term bond fund index rose by 0.04% [11] - The mid-to-long-term bond fund index saw a gain of 0.09%, while the low-volatility fixed income plus fund index decreased by 0.04% [11] - The REITs fund index experienced a significant drop of 1.86%, reflecting the overall market trend [11] Investment Strategy Indices - The active stock fund selection index focuses on 15 funds with equal weight, emphasizing performance competitiveness and style stability [12] - The value stock fund selection index includes deep value and quality value styles, assessing companies based on absolute valuation levels and cash flow efficiency [14] - The growth stock fund selection index aims to capture high-growth opportunities, focusing on companies with significant future potential [17] Industry Theme Indices - The pharmaceutical stock fund selection index is constructed based on the intersection of fund holdings and representative indices, ensuring a minimum purity of 60% [19] - The consumer stock fund selection index targets funds with significant holdings in consumer-related sectors, maintaining a minimum purity of 50% [21] - The technology stock fund selection index is based on funds with substantial investments in technology sectors, also ensuring a minimum purity of 60% [24] Other Fixed Income Indices - The convertible bond fund selection index focuses on funds with a high proportion of convertible bonds, assessing performance and risk management [43] - The QDII bond fund selection index includes overseas bonds, prioritizing funds with stable returns and good risk control [44] - The REITs fund selection index emphasizes funds with stable cash flows from quality infrastructure projects [46]