Core Insights - The A-share market has been performing strongly, with major indices rising and trading volumes exceeding 2 trillion yuan on multiple days, while quantitative index products have faced challenges in outperforming the market [2][3] Group 1: Market Performance - The CSI 500 index rose by 3.88% and 3.87% over two weeks, while the CSI 1000 index increased by 4.09% and 3.45% during the same periods [2] - Notably, many quantitative private equity products have reported negative excess returns, with only a few outperforming their respective indices [2][3] Group 2: Shift in Investment Strategies - Investors are increasingly reallocating funds from quantitative products to actively managed equity products, with some private equity managers also increasing their exposure to aggressive active strategies [4] - A survey revealed that individual investors are planning to redeem profits from quantitative products to invest in subjective products, with some reporting significant gains from recent investments [4] Group 3: Performance Comparison - Active equity products have shown remarkable performance, with some private equity products returning nearly 14% and over 10% in net asset value increases during specific periods [3] - Since late June, several private equity products have seen net value increases exceeding 30%, significantly outperforming quantitative products [3] Group 4: Future Trends - The market environment is shifting, with a growing belief that both subjective and quantitative strategies have their advantages, and a trend towards combining both approaches is emerging [8] - The integration of subjective and quantitative strategies may represent a future direction for the asset management industry, as firms seek to leverage the strengths of both methodologies [8]