【导读】新华基金注销浙江分公司。自去年6月以来，已有多家公募机构注销分公司 日前，新华基金宣布已注销旗下浙江分公司。据统计，自去年6月以来，已有8家公募基金公司宣布注销 部分地区的分公司，这一数量较以往明显增加。 对于注销分公司的原因，多数公司表示此举是为了顺应自身业务发展需求。值得注意的是，部分公司在 注销原有分公司的同时，也新设立了其他分公司。业内人士认为，这一现象背后，反映出在"提质增 效"的行业大环境下，公募基金行业正加快资源整合的步伐。 除新华基金外，自去年6月至今的一年多时间里，已有九泰、宏利、金鹰、中银、国投瑞银、银华等至 少8家公募基金公司注销了部分地区的分公司。其中，金鹰基金在两个月内接连注销了深圳分公司与海 南分公司。 而对比来看，2023年仅中金基金注销了厦门分公司，2022年也仅有汇安基金注销海南分公司、德邦基金 注销江苏分公司，可见近一年注销分公司的公募数量显著增多。 从具体情况来看，各公司注销地方性分公司的原因不尽相同。部分公司表示，注销某一分公司是为了配 合整体战略布局调整，且在注销前后会在其他地区增设新的分公司。 正如一位知情人士所说："虽然此前我们在A城市设立了分公司，但近年 ...

Index Performance - The CSI A500 Index experienced a decline of 1.62% this week, marking its first drop after five consecutive days of gains, closing at 4792.42 points as of August 1 [4] - The average daily trading volume for the week was 5737.43 billion yuan, with a week-on-week decrease of 0.61% [4] Component Stock Performance - The top ten gainers this week included: 1. Tianfu Communication (300394.SZ) with a rise of 25.17% 2. Shenghong Technology (300476.SZ) up by 23.03% 3. Jiejia Weichuang (300724.SZ) increasing by 16.29% 4. Pengding Holdings (002938.SZ) up by 15.03% 5. Zhongji Xuchuang (300308.SZ) rising by 13.72% 6. Xingsen Technology (002436.SZ) up by 12.18% 7. Ecovacs (603486.SH) increasing by 11.07% 8. Taiji Group (600129.SH) up by 10.93% 9. Heng Rui Pharmaceutical (600276.SH) rising by 8.71% 10. Hudian Co., Ltd. (002463.SZ) up by 8.70% [3] - The top ten decliners included: 1. Yahua Group (002497.SZ) down by 11.80% 2. Zhejiang Fu Holdings (002266.SZ) decreasing by 10.25% 3. China Rare Earth (000831.SZ) down by 9.98% 4. China Power Construction (601669.SH) decreasing by 9.70% 5. Xiamen Tungsten (600549.SH) down by 9.12% 6. Tianqi Lithium (002466.SZ) decreasing by 8.69% 7. Oppein Home (603833.SH) down by 8.58% 8. Hainan Airport (600515.SH) decreasing by 8.43% 9. Shenghe Resources (600392.SH) down by 8.28% 10. Ganfeng Lithium (002460.SZ) decreasing by 0.08% [3] Fund Performance - Among the 38 CSI A500 funds, only Guolian An saw a slight increase of 0.48%, while Huazhong Fund experienced the largest decline of 2.28% [5] - The total scale of CSI A500 funds reached 1780.28 billion yuan, reflecting a week-on-week decrease of 6.42% [5][6] - The top three funds by scale are from Huatai-PB, Guotai Fund, and Southern Fund, with scales of 184.17 billion yuan, 170.75 billion yuan, and 167.14 billion yuan respectively [6] Market Analysis - Historical analysis indicates that in previous bull markets, market valuations peaked before the index, primarily due to optimistic valuations accounting for future performance expectations [7] - Current market conditions show that the valuation has not yet peaked, with a 19% gap remaining in the valuation level of the Wind All A Index as of July 30, 2025, compared to early 2021 [7] - The trading volume of stock ETFs has been declining, suggesting a decrease in investor allocation to ETFs [7] - The market is expected to continue a structural upward trend driven by valuation recovery under a dual easing fiscal and monetary environment, with a focus on technology innovation, modern services, and high-dividend blue chips [7]

Group 1 - A total of 27 new fund managers have been appointed today, involving 43 funds, primarily from companies such as Xinda Australia Fund and Bank of China Fund [1] - One fund manager has resigned today [1] Group 2 - The newly appointed fund managers include individuals with master's degrees and a mix of investment types, such as stock and mixed funds [2] - Notable new appointments include managers for funds like the Bosera Growth Enterprise Board Comprehensive ETF and the Xinda Australia Value Mixed Fund [2] - The resignation of fund manager Shi Xingtao from multiple funds at Xinda Australia Fund was due to personal reasons, with performance declines noted in the funds managed [2]

Core Viewpoint - The public quantitative investment products are gaining traction as they demonstrate superior performance and stability in generating excess returns compared to traditional actively managed funds, especially in a rapidly changing market environment [1][2][3]. Group 1: Market Trends - The shift towards quantitative index-enhanced products is driven by the challenges faced by traditional active management funds, which struggle with frequent market style changes and the diminishing appeal of star fund managers [1][2]. - Since the release of the regulatory framework in May, many public fund companies have prioritized the development of quantitative index-enhanced products, particularly among smaller firms [1][2]. Group 2: Performance Metrics - Over 90% of public quantitative products achieved positive returns in the first half of the year, with notable products like the 创金合信北证50成份指数增强A/C and 诺安多策略A showing over 100% cumulative net asset value growth in the past year [2][3]. - In the first half of the year, more than 80% of public quantitative funds outperformed their benchmarks, with a specific excess return rate of approximately 82.9% for quantitative index-enhanced funds [3]. Group 3: Product Development - As of June 2025, there are 683 public quantitative funds with a total scale of approximately 2927.59 billion, indicating a growing interest in this investment strategy [4][6]. - The number of newly registered quantitative index-enhanced funds has surged, with over 100 applications submitted this year alone, reflecting a strong market demand [6][7]. Group 4: Investment Strategies - Quantitative index-enhanced products utilize systematic investment strategies, including multi-factor models for stock selection and risk control, to capture market inefficiencies and generate excess returns [5][6]. - The focus on stable and high excess returns aligns with the regulatory direction for public funds, making quantitative index-enhanced products increasingly relevant in the current market landscape [6][7]. Group 5: Future Outlook - Major asset management firms, including international players like BlackRock, are expanding their quantitative product offerings in the Chinese market, indicating a robust growth trajectory for this segment [7][8]. - The ongoing emphasis on quantitative strategies is expected to continue, with fund managers adapting their approaches to capture emerging market opportunities and maintain competitive advantages [7][8].

Core Viewpoint - The recent surge in the AI-themed ETFs, particularly the Kexin Composite Index ETF managed by Harvest, was driven by a small transaction that caused a significant price increase, raising concerns about the impact of low trading volumes on market stability [1][4][6]. Group 1: ETF Performance - The Kexin Composite Index ETF managed by Harvest closed at 1.342 CNY per share, marking a 20.04% increase due to a single transaction of 134 CNY that triggered a trading halt [4][8]. - On July 25, multiple AI-related ETFs saw significant gains, with most rising over 4%, indicating a broader market interest in AI stocks [1][3]. Group 2: Market Dynamics - The small scale of the Kexin Composite Index ETF, with a total size of only 101 million CNY, contributed to its susceptibility to price fluctuations from minimal trading activity [5][6]. - Analysts noted that the price spike did not attract follow-up buying from other investors, suggesting that the market may stabilize in the following trading sessions [2][8]. Group 3: AI Sector Trends - The AI sector experienced a notable rebound on July 25, with significant gains in stocks like Cambrian and Aojie Technology, highlighting investor interest in AI-related companies [9]. - The World Artificial Intelligence Conference (WAIC), which commenced on July 26, was identified as a key catalyst for the recent uptick in AI stock prices, showcasing over 3,000 cutting-edge technology exhibits [10]. Group 4: Institutional Insights - Institutional investors have increased their holdings in the components of the AI industry, with a reported 3.73% market value share as of the end of Q2, reflecting a growing confidence in the sector's potential [11]. - Analysts predict that the demand for AI-related infrastructure, such as servers and data centers, will see explosive growth, positively impacting the financial performance of related companies in the coming quarters [11][12].

Core Viewpoint - The trading volume of the CSI A500 Index ETFs increased significantly today, indicating heightened market activity and investor interest in this segment [1][2]. Trading Volume Summary - The total trading volume of the CSI A500 Index ETFs reached 24.528 billion yuan, an increase of 4.566 billion yuan from the previous trading day, representing a growth rate of 22.88% [1]. - Notable increases in trading volume were observed in the following ETFs: - E Fund CSI A500 ETF (159361) saw a trading volume of 1.443 billion yuan, up 626 million yuan, a rise of 76.61% [2]. - Southern CSI A500 ETF (159352) had a trading volume of 3.858 billion yuan, an increase of 615 million yuan, with a growth rate of 18.96% [2]. - A500 Fund (563360) recorded a trading volume of 2.985 billion yuan, up 596 million yuan, reflecting a 24.93% increase [2]. - The Tianhong CSI A500 Enhanced Strategy ETF (159240) and the Rongtong CSI A500 ETF (159379) exhibited the highest increases in trading volume, with growth rates of 508.86% and 402.54%, respectively [1]. Market Performance Summary - As of market close, the CSI A500 Index (000510) rose by 0.84%, while the average increase for related ETFs was 0.89% [1]. - The top-performing ETFs included: - Huatai-PB CSI A500 ETF (563880) with a rise of 1.15% [1]. - China Asset Management CSI A500 ETF (512050) increased by 1.09% [1].

- The report tracks the performance of various fund types, highlighting that equity funds showed leading net value growth this week, with mixed equity funds increasing by 3.06%[19][20][22] - Long-term industry theme fund indices demonstrated significant growth, with the pharmaceutical theme fund leading at 8.38%, followed by TMT (3.91%) and national defense military industry (3.44%)[39][40][42] - Passive equity index funds had a median net value growth of 1.27%, with the top-performing fund being the Hang Seng Medical ETF, which achieved a weekly net value growth of 13.62%[45][46] - REITs market remained stable this week, with the REITs comprehensive index rising by 0.03%. Among sub-indices, municipal facilities REITs index performed best, increasing by 1.20%[51][52][53] - ESG funds showed varied performance, with active equity ESG funds achieving a median net value growth of 2.20%, while low-carbon economy and carbon-neutral themes stood out with notable gains[83][84][85]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - This week, the China Securities REITs Index closed lower, with property - type REITs outperforming concession - type REITs. The average weekly price changes of property - type and concession - type REITs were +0.3% and - 0.5% respectively. The weekly price change ranking of major indices was: CSI 300 > China Securities Convertible Bond Index > China Securities All - Bond Index > China Securities REITs Index. The average daily turnover rate of REITs for the whole week decreased slightly compared with the previous week. Different types of REITs in the market showed divergent price movements, with municipal, park, and consumer - type REITs having the largest price increases. As of July 18, the average annualized cash distribution rate of public - offering REITs was 6.3%, significantly higher than the current static yields of mainstream fixed - income assets. The dividend yield of property - type REITs was 154 basis points lower than the average dividend yield of CSI Dividend stocks, and the spread between the average internal rate of return of concession - type REITs and the 10 - year Treasury yield was 192 basis points. Two data center REITs were successfully issued, and the market subscription was enthusiastic [1]. 3. Summary by Relevant Catalogs 3.1 Secondary Market Trends - **Index Performance**: As of July 18, 2025, the closing price of the China Securities REITs (closing) Index was 875.82 points, with a weekly price change of - 0.09%, performing worse than the China Securities Convertible Bond Index (+0.67%), the CSI 300 Index (+1.09%), and the China Securities All - Bond Index (+0.11%). Year - to - date, the price change ranking of major indices was: China Securities REITs (+10.9%) > China Securities Convertible Bond Index (+9.5%) > CSI 300 (+3.1%) > China Securities All - Bond Index (+1.4%). In the past year, the return rate of the China Securities REITs Index was 11.2%, with a volatility of 7.0%. Its return rate was lower than that of the CSI 300 Index and the China Securities Convertible Bond Index but higher than that of the China Securities All - Bond Index; its volatility was lower than that of the CSI 300 Index and the China Securities Convertible Bond Index but higher than that of the China Securities All - Bond Index [2][8][12]. - **Market Capitalization and Turnover Rate**: The total market capitalization of REITs decreased to 204.6 billion yuan on July 18, a decrease of 600 million yuan from the previous week. The average daily turnover rate for the whole week was 0.55%, a decrease of 0.04 percentage points from the previous week [2][12]. - **Divergent Performance of Different Types of REITs**: From the perspective of project attributes, the average weekly price changes of property - type and concession - type REITs were +0.3% and - 0.5% respectively. From the perspective of project types, all types of REITs had price changes, with the three project types with the largest average price increases being municipal facilities (+1.2%), park infrastructure (+0.5%), and consumer infrastructure (+0.4%). The top three REITs in terms of weekly price increases were China Merchants Science and Technology Innovation REIT (+3.05%), Huaxia JINMAO Commercial REIT (+2.24%), and CICC Hubei KeTou Optics Valley REIT (+2.08%) [3][18][22]. - **Trading Activity**: Among different project types, ecological and environmental protection - type REITs were the most actively traded this week, and park infrastructure - type REITs had the highest proportion of trading volume. The former had an average daily turnover rate of 1.2% during the period, accounting for 4.3% of the total REITs trading volume, while the latter had an average daily turnover rate of 0.7%, accounting for 22.8% of the total REITs trading volume. In terms of the capital flow of different REIT products this week, the top three in terms of net inflow of main funds were CICC China Green Development Commercial REIT (11.56 million yuan), Huaxia Beijing Affordable Housing REIT (7.29 million yuan), and CITIC Construction Investment SPIC New Energy REIT (7.26 million yuan) [3][24][25]. 3.2 Primary Market Issuance As of July 18, 2025, there were 2 REIT products in the "inquiry" stage on the exchange, 7 products in the "feedback" stage, 7 products that had passed the review and were waiting to be listed, and 5 first - issued products that had passed the review and were already listed [27]. 3.3 Valuation Tracking - **Debt - like Aspect**: Due to the constraint of mandatory high - dividend distribution, the annualized cash distribution rate of REITs is concerned. As of July 18, the average annualized cash distribution rate of public - offering REITs was 6.3%, significantly higher than the current static yields of mainstream fixed - income assets [29]. - **Equity - like Aspect**: The valuation of REITs is judged through relative net asset value premium/discount rate, IRR, and P/FFO. The relative net asset value premium/discount rate reflects the relationship between the market value and fair value of the fund, similar to the PB indicator of stocks; IRR is the internal rate of return calculated using the discounted cash flow method; P/FFO is the current price divided by the cash flow generated from operations. The relative net asset value premium/discount rate is a long - term perspective, evaluating the secondary - market valuation level from the valuation of underlying assets, while P/FFO is a short - term perspective, valuing the distributable cash flow based on the recent operating conditions of assets and judging the current investment return rate [29]. - **Comparison of Different Types of REITs**: Property - type REITs focus on dividend yield, and concession - type REITs focus on internal rate of return. As of July 18, 2025, the dividend yield of property - type REITs was 154 basis points lower than the average dividend yield of CSI Dividend stocks, and the spread between the average internal rate of return of concession - type REITs and the 10 - year Treasury yield was 192 basis points [30]. 3.4 Industry News - On July 14, the fund contract of Chuangjin Hexin Shounong REIT came into effect. During the public offering period (July 7 - 8), it raised 3.685 billion yuan and confirmed 1 billion shares, including 700 million shares (70%) for strategic placement, 210 million shares (21%) for offline investors, and 90 million shares (9%) for the public. The underlying assets are mature industrial supporting facilities in Beijing Shounong Information Industry Park. The fund is expected to have a total distributable amount of over 500 million yuan in the second half of 2025 and 2026, with a calculated distribution rate of approximately 6.9% - 6.85%, providing stable cash flow and expansion funds for industrial park - type assets [37]. - On July 16, Southern Runze Technology Data Center REIT announced the subscription confirmation results, and the market subscription was enthusiastic. Public investors effectively subscribed for 28.616 billion shares, with a confirmation ratio of only 0.3145%, over - subscribed by 317.95 times; the confirmation ratio for offline investors was 0.5992%. The fund issued a total of 1 billion shares to strategic, offline, and public investors. The underlying asset of this REIT is the International Information Cloud Aggregation Core Port A - 18 Data Center of Runze Technology in Langfang, Hebei, with 5,897 cabinets, a rack - up rate of over 99%, a PUE of 1.276 in 2024, and it was included in the list of national green data centers [37]. - On July 16, Southern Wanguo Data Center REIT completed its public offering and announced the placement results. Public investors effectively subscribed for 32.914 billion shares, with a confirmation ratio of 0.2198%, over - subscribed by 455.03 times; the confirmation ratio for offline investors was 0.6064%. This offering raised 800 million shares and 2.4 billion yuan in funds. The underlying asset is the Guojin Cloud Computing Data Center of Wanguo Data in Huaqiao Town, Kunshan, Jiangsu, with 4,192 cabinets, a power capacity of 29,044 kW, a PUE of 1.24 in 2024, and an average signing rate of 100% in the past three years [37]. - On July 16, Nanjing Electromechanical Industry (Group) Co., Ltd. publicly tendered for the fund management service of Xin Gong Industrial Park Infrastructure Public - Offering REITs, planning to select a manager to undertake issuance guidance and post - issuance management. The planned initial application scale is not less than 1 billion yuan. The proposed assets in the pool are industrial park properties under the group, with a leasable construction area of 388,000 square meters, a land reserve of 616,000 square meters, and total assets of 4.7 billion yuan, covering industries such as equipment manufacturing and industry - education integration [37].

1. Report Title and Date - Report Title: "REITs Index Pulls Back, Initial Strategic Allocation Unlocks with Attractive Returns — July Half - Monthly Report on the Public REITs Market in 2025" [1] - Date: July 16, 2025 [2] 2. Core Viewpoints - The REITs index has pulled back in the past half - month, with the ecological and environmental protection sector rising on increased volume, while the rental housing and energy sectors have seen a decline in both price and volume. The consumer and industrial park sectors have slightly declined on increased volume, and the warehousing and transportation sectors have slightly risen with shrinking price and volume [3]. - The dividend yield of equity - type REITs is lower than that of the CSI Dividend Index, but the dividend yield of the warehousing and logistics sector has increased [3]. - The performance assessment of insurance funds in 2025 has started, which is expected to attract more funds into the REITs market [3]. - Two initial strategic allocations have unlocked with attractive returns, and China Resources Commercial REIT plans to apply for a second expansion [3]. 3. Summary by Relevant Catalogs 3.1 Near - Half - Month REITs Index Pulls Back, Equity - Type Dividend Yield Lags Behind CSI Dividend 3.1.1 Near - Half - Month REITs Index Pulls Back, Underperforms CSI 300 - Since the second half of June, the secondary market of REITs has been oscillating downward. From July 1 to 15, the CSI REITs (Closing) Index and the CSI REITs Total Return Index fell by 0.3%/0.1% respectively, underperforming the CSI 300 Index. As of July 15, in 2025, the two indices have cumulatively risen by 10.9%/14.1%, outperforming the CSI 300 Index and the ChinaBond - Treasury Bond Total Wealth (7 - 10 Years) Index [8]. 3.1.2 Ecological and Environmental Protection Leads in Gains, Nearly 90% of Rental Housing REITs Decline - From July 1 to 15, about 65% of REITs' net values have cumulatively declined, with an average decline of 0.56%. The ecological and environmental protection sector led the rise by 2.36%, while the rental housing and water conservancy facilities sectors, after rising for four consecutive months, had their first pullback, with average declines of 2.17% and 2.34% respectively. The consumer REITs had their first pullback this year, with over 60% of individual bonds declining, and the industrial park REITs had 70% declining [9][12]. 3.1.3 Turnover Rate Remains Low, Ecological and Environmental Protection Rises on Increased Volume - Since March 2025, the turnover rate of REITs projects has been continuously declining. From July 1 to 15, the average daily turnover rate of REITs projects was 0.76%, the same as in June. The ecological and environmental protection sector rose on increased volume, with the turnover rate significantly increasing to an average of 1.65%. The rental housing and energy sectors declined in both price and volume [13][16]. 3.1.4 Equity - Type Dividend Yield Lags Behind CSI Dividend, Warehousing and Logistics Sector's Dividend Yield Increases - As of July 15, 2025, the average TTM dividend yields of equity - type and concession - type REITs were 3.74%/6.94% respectively. Among equity - type REITs, the warehousing and logistics and industrial park REITs had relatively high TTM dividend yields, both exceeding 4%. Among concession - type REITs, the transportation - type REITs had a relatively high TTM dividend yield, with an average of 7.82% [19]. 3.1.5 Concession - Type: Ecological and Environmental Protection REITs Have High P/FFO Valuation Percentiles, Many Energy REITs Have Negative ChinaBond IRR - As of July 15, 2025, the P/FFO of REITs in the water conservancy facilities and transportation sectors is, on average, at the 63% and 66% historical percentiles respectively, with a lower valuation level than other concession - type assets. The P/FFO percentile of the ecological and environmental protection sector has reached an average of 85% since listing. Many energy infrastructure REITs have a low IRR, and some have a negative IRR [21]. 3.1.6 Equity - Type: Industrial Park REITs' Valuation Drops to the Historical Median - As of July 15, 2025, the latest P/NAV of rental housing REITs has dropped to the 87% historical percentile, and the IRR is at the 14% historical percentile. The P/NAV of consumer REITs has reached the 83% percentile, and the industrial park REITs' P/NAV is, on average, at the 56% percentile since listing [25]. 3.2 Two Initial Strategic Allocations Unlock with Attractive Returns, China Resources Commercial REIT Plans to Apply for Second Expansion 3.2.1 REITs Market News from July 1 to 15 - The high - tech industrial park public REIT project of Taicang High - tech Holding Co., Ltd. has started the tender. The Ministry of Finance has issued a notice on guiding long - term and stable investment of insurance funds. The REIT project of Wuxi Xishan Environmental Energy Group Co., Ltd. has started the tender. Beijing has issued a plan to boost consumption, supporting the issuance of REITs for eligible consumer infrastructure [28]. 3.2.2 No REITs Issued in July 1 - 15, 2025 - From July 1 to 15, there was no REIT issuance. As of July 15, a total of 10 REITs have been issued in 2025, with a total fundraising of 1.79 billion yuan [29]. 3.2.3 Offline New - Share Subscription Yield of 2.54%, Two Initial Strategic Allocations Unlock with Attractive Returns - As of July 15, the combined offline income of 0.5/1 billion yuan of funds in 2025 is 1.269 million/2.5381 million yuan, with a yield of 2.54%. On July 2 and 9, the initial strategic allocations of China TBEA New Energy REIT and China Shenzhen International REIT were unlocked, with unlocking yields of 56.62% and 32.58% respectively [35]. 3.2.4 Ten REITs Initial Projects Are in Queue - As of July 15, there are currently 10 initial REIT projects in the queue. The exchange has newly accepted China Anbo Warehousing and Logistics REIT, and some projects have updated their status to "feedback received" [38]. 3.2.5 Six REITs' Expansion Projects Are in Queue, China Resources Commercial REIT Plans to Apply for Second Expansion - Currently, six REITs' expansion projects are in the queue. China Resources Commercial REIT announced on July 9 that it plans to apply for a second expansion, including the Hangzhou Xiaoshan Vientiane City project, the Shenyang Changbai Vientiane City project, and the Zibo Vientiane City project [39][40].

Core Viewpoint - The article emphasizes the importance of stable performance in quantitative index-enhanced funds, aiming to provide investors with predictable returns and build trust through a scientific and standardized investment research process [1][2][4]. Investment Strategy - The investment philosophy is rooted in system engineering management methods, focusing on clear process design and standardization to enhance the predictability of investment strategies and reduce randomness [2][3]. - The quantitative index-enhanced products are designed to maintain a high correlation with benchmark indices while allowing for excess returns, thus aligning with the industry's transformation direction [1][4]. Market Trends - There is a shift in investor sentiment from seeking high volatility to preferring stable returns, which positions quantitative investment as a systematic and scientific approach gaining recognition [4][5]. - The recent regulatory framework encourages the development of various index funds, providing a solid foundation for the growth of quantitative index-enhanced funds [4][5]. Competitive Landscape - The quantitative investment sector offers opportunities for small and medium-sized fund companies to establish competitive advantages through specialized and refined strategies [6][7]. - The market for quantitative index-enhanced products is currently fragmented, allowing for potential growth and innovation in this space [6][7]. Future Outlook - The quantitative index-enhanced funds are expected to capture a larger share of the market as they align with the public fund industry's transformation towards stable, benchmark-aligned products [5][8]. - The company plans to expand its product offerings to include a diverse range of quantitative strategies, catering to various investor needs and preferences [8].