7月以来，诺安多策略、建信灵活配置、中信保诚多策略等大批公募量化基金的单位净值不断创出历史 新高。据Wind统计，截至6月末，超90%的公募量化产品上半年单位净值涨幅为正；创金合信北证50成 份指数增强A/C、诺安多策略A近一年的累计单位净值增长率超100%。"今年以来，A股市场情绪向好， 赛道轮动热点不断，这种结构性行情非常有利于量化产品作出超额收益。"某公募基金量化投资业务负 责人表示。值得注意的是，近期不少公募量化基金经理开始提示小市值股票的回调风险。（中证报） ...

Core Viewpoint - The article discusses the evolution and advancements in quantitative investment strategies at Manulife Fund, highlighting the integration of AI and machine learning in their investment processes over the past decade [4][10][20]. Group 1: Company Overview - Manulife Fund is the first joint venture fund company in China, established 23 years ago, leveraging international perspectives and deep understanding of the Chinese capital market [4]. - The company has accumulated rich experience in investing in the Chinese capital market over the past 20 years [4]. Group 2: Investment Strategy Evolution - The initial focus was on developing risk models, with significant attention on stock selection factors and return prediction models from 2014 to 2015 [7]. - By 2018-2019, the team had developed hundreds of mature factors and began refining them, focusing on non-linear relationships between factors and returns [8]. - From 2020-2021, the company introduced Smart Beta strategies, which showed significant performance advantages over mainstream indices since their inception [9]. Group 3: AI Integration - Since 2022, the focus has shifted towards non-linear strategies, particularly those utilizing AI, which have contributed significantly to excess returns [10]. - The AI-driven approach includes the development of a multi-factor stock selection system, integrating various data sources for factor development [10][11]. - AI models have been applied to both factor development and risk modeling, enhancing the effectiveness and stability of the investment strategies [17][18]. Group 4: Market Trends and Product Development - The article notes a growing trend towards strategy indices in the A-share market, which are expected to have significant development potential [20][22]. - Strategy indices are designed to formalize effective stock selection logic into clear index products, combining the transparency of market indices with the performance potential of actively managed funds [22]. - The company aims to provide stable alpha through a diversified product lineup, focusing on index enhancement and strategy indices [23][24].

当田汉卿等公募量化投资的"拓荒者"卸下重担时，公募行业正迎来指数使用费下调的"及时雨"，闪烁 着"让普惠金融触达更远"的新愿景。随着费率改革向纵深推进，公募基金行业势必会迈向更规范、更高 效、更普惠的新阶段。 2025年4月29日，华泰柏瑞基金管理有限公司（以下简称"华泰柏瑞基金"）公告称，公司副总经理田汉 卿因"退休"原因，卸任华泰柏瑞量化增强、华泰柏瑞量化先行等10只基金产品，离任日期为4月28日。 田汉卿的加盟堪称华泰柏瑞基金量化业务发展的关键转折点。作为曾在美国巴克莱全球投资（BGI）深 耕多年的资深专家，她为公司注入了前沿的投资理念与成熟的量化投研体系。彼时，随着市场环境变 化，投资者对指数投资的认知逐渐深化，指数增强、股票多空等创新策略应运而生。 田汉卿抓住机遇，于2013年8月推出华泰柏瑞基金的首只沪深300指数增强产品华泰柏瑞量化增强，后又 陆续布局中证500指数增强、量化对冲、港股通量化等差异化策略产品，进一步丰富了公司的量化投资 矩阵。2013年10月起，田汉卿担任公司副总经理，直至2025年退休。 Wind数据显示，截至2025年4月28日，田汉卿管理时间最长的华泰柏瑞量化增强任职回报达 ...