登录新浪财经APP 搜索【信披】查看更多考评等级 8、投资者需开立"基金账户"和"基金交易账户"才能办理本基金的认购手续。投资者可在不同销售机构 开立基金交易账户，但每个投资者只允许开立一个基金账户。若投资者在不同的销售机构处重复开立基 金账户导致认购失败的，本基金管理人和销售机构不承担认购失败的责任。如果投资者在开立基金账户 的销售机构以外的其他销售机构购买本基金基金份额，则需要在该销售网点办理"增开基金交易账户"， 然后再认购本基金基金份额。个人投资者必须本人亲自办理开户和认购手续。投资者在办理完开户和认 购手续后，应及时到销售网点查询确认结果。 基金管理人：东财基金管理有限公司 基金托管人：恒丰银行股份有限公司 重要提示 1、东财北证50成份指数增强型发起式证券投资基金（以下简称"本基金"）的募集已于2025年11月10日 获中国证监会证监许可〔2025〕2503号文注册。中国证监会对本基金募集申请的注册，并不表明其对本 基金的价值和收益做出实质性判断或保证，也不表明投资于本基金没有风险。中国证监会不对基金的投 资价值及市场前景等做出实质性判断或者保证。 2、本基金为契约型开放式、股票型发起式证券投资基 ...

Group 1 - The fund name is E Fund CSI 800 Index Enhanced Securities Investment Fund, with A-class fund share code 026359 and C-class fund share code 026360 [19] - The fund is a contract-based open-end, stock-type securities investment fund, and an index fund [19][20] - The fund aims to achieve investment returns that exceed the performance benchmark while controlling the average tracking deviation and annualized tracking error [21] Group 2 - The initial fundraising scale limit for the fund is set at 8 billion RMB, excluding interest during the fundraising period [4] - The fundraising period is from December 24, 2025, to January 13, 2026, with the possibility of adjustments based on subscription conditions [2][23] - Investors can subscribe multiple times during the fundraising period, with no upper limit on the total subscription amount for individual investors, but measures may be taken to control holdings exceeding 50% [6][23] Group 3 - The fund offers two classes of shares: A-class shares, which charge subscription fees, and C-class shares, which do not charge subscription fees but incur service fees during the holding period [3][25] - The minimum subscription amount for A-class shares through direct sales is 50,000 RMB, while for C-class shares, it is 1 RMB [6][30] - The fund will not allow conversions between different share classes at the initial stage [3] Group 4 - The fund's subscription fee for A-class shares varies based on the investor type, with specific discounts available for certain institutional investors [27] - The calculation of subscription shares is based on the net subscription amount after deducting the subscription fee [30][28] - Interest generated from effective subscription funds during the fundraising period will be converted into fund shares for the investors [31] Group 5 - The fund's management company is E Fund Management Co., Ltd., and the custodian is China Postal Savings Bank Co., Ltd. [62] - The fund's contract will become effective if the total number of shares subscribed reaches at least 200 million and the total subscription amount is no less than 200 million RMB within three months [23][61] - The fund's detailed operational characteristics are outlined in the fund contract and prospectus [17]

伴随今年来结构牛行情持续演绎，兼具指数化和主动化特点的指数增强型基金关注度日益升温。 普通指数基金以复制指数为目标，锚定市场Beta行情，追求与标的指数相近的收益与波动，日益成为投 资者投资的基础工具。而增强类ETF在此基础上叠加主动投研策略，通过量化模型、行业轮动、个股精 选等手段，在控制跟踪误差的前提下挖掘Alpha收益，更能体现公募基金对市场的深度理解与主动管理 能力。 厚植主动管理和深度研究的嘉实基金，前瞻布局的指增产品矩阵，今年来就为投资者奉上了"超额"成绩 单。 Wind数据统计，截至2025年12月1日，嘉实基金已有10只（仅统计初始基金，下同）指数增强型产品， 覆盖宽基领域颇具代表性的上证指数、沪深300、中证500、中证A系列的A100及A500、创业板指、科 创综指、科创50、中证1000，以及高景气的中证半导体指数等，满足了投资者的多元化配置需求；2025 年以前成立的7只产品今年来收益率不俗，且均跑赢同期业绩比较基准，为投资者实现了超额回报。 具体看来，聚焦半导体龙头的嘉实中证半导体指数增强A（014854）年内收益率超50%，达51.21%，同 期业绩比较基准49.07%；作为全市场 ...

Fund Overview - The fund is named "Penghua CSI 500 Index Quantitative Enhanced Securities Investment Fund" with different share classes: A, C, and I [7] - The fund is a contractual open-end stock fund with an indefinite duration [8] - The initial value per fund share is set at 1.00 RMB [8] Fund Raising Details - The maximum fundraising limit for the fund is 2 billion RMB, excluding interest accrued during the fundraising period [9][26] - The fundraising period is from November 12, 2025, to November 21, 2025 [14] - The fund is open to individual investors, institutional investors, and qualified foreign investors who meet legal requirements [11] Subscription Process - Investors must open an open-end fund account with the fund management company to subscribe [27] - The minimum subscription amount for each transaction account is 1 RMB, while the minimum for the direct sales center is 1 million RMB for the first subscription [24] - Investors can make multiple subscriptions during the fundraising period, but once a subscription application is accepted, it cannot be revoked [10][23] Fund Management and Custody - The fund is managed by Penghua Fund Management Co., Ltd., and the custodian is Huatai Securities Co., Ltd. [1][49] - The fund management company is responsible for the management and operation of the fund assets [5] Fund Contract and Effectiveness - The fund contract will become effective if the total number of fund shares raised is not less than 200 million, the total amount raised is not less than 200 million RMB, and the number of subscribers is not less than 200 [14][45] - If these conditions are not met, the fundraising period may be extended, and the management company will bear the costs incurred during the fundraising [46] Risk and Return Characteristics - The fund is expected to have higher risks and returns compared to money market funds, bond funds, and mixed funds due to its nature as an index-enhanced fund [6] - Investors are advised to fully understand the risks and return characteristics of the fund before investing [5]

Core Insights - The rapid development of passive investment has led to the rise of index-enhanced funds, which combine index investment features with enhanced strategies, aiming for long-term excess returns [1] - As of September 30, the average return of passive index funds was 42.94%, while index-enhanced funds achieved an average return of 44.58% [1] - The number of newly established index-enhanced funds has more than doubled compared to the entire year of 2024 [1] Group 1 - The appeal of index-enhanced funds lies in their ability to provide both beta and alpha returns by leveraging quantitative methods on representative indices [1] - The Galaxy CSI 300 Index Enhanced A fund, managed by Luo Bo, has outperformed the CSI 300 Index with returns of 75.84%, 31.87%, and 21.65% since inception, over five years, and one year respectively, with excess returns of 53.8, 30.71, and 6.15 percentage points [2] - The Galaxy CSI A500 Index Enhanced A fund has achieved a net value growth of 25.80% since inception, with an excess return of 5.71 percentage points over the CSI A500 Index [2] Group 2 - The upcoming Galaxy CSI 800 Index Enhanced Fund will track the CSI 800 Index, which represents 69% of the total market capitalization of A-shares and is expected to contribute approximately 95% of A-share net profits in 2024 [3] - The fund will utilize both linear and nonlinear models to select effective factors from the index constituents, ensuring that at least 80% of its non-cash assets are invested in the index and its alternative constituents [3] - The management strategy emphasizes maintaining close alignment with the CSI 800 Index while striving for cumulative excess returns [3]

Core Insights - The A-share market has experienced a structural rally since the second half of 2025, with index-based products becoming the primary investment method for participants [1] - The average net value growth rate of index-enhanced funds in the past year is 35.54%, outperforming the benchmark by 6.93%, with over 80% of these funds achieving excess returns [1] - The launch of the Guangfa CSI 300 Index Quantitative Enhanced Fund reflects the growing interest in index-enhanced products, which aim to optimize investment portfolios based on quantitative analysis and fundamental research [1][3] Market Overview - As of the end of Q3, the total management scale of public funds reached 36.45 trillion yuan, an increase of 2.41 trillion yuan from the end of Q2, with stock index funds seeing the largest growth in the stock fund category [1] - The stock index fund segment saw a quarterly increase of 1.06 trillion yuan, with index-enhanced products experiencing a significant growth rate of 21.15% [1] Fund Performance - The returns of index-enhanced funds can be divided into Beta returns from the underlying index's rise and Alpha returns from active management [2] - The CSI 300 Index, which consists of the 300 largest and most liquid stocks in the A-share market, has shown a cumulative increase of 367% since its inception, outperforming other broad-based indices [2] - The CSI 300 Index accounted for 74.67% of total A-share dividends in 2024, indicating strong dividend capabilities compared to the average A-share level [2] Management Capabilities - The ability of fund managers to extract excess returns is crucial when selecting index-enhanced funds, with Guangfa Fund having multiple products tracking various indices [3] - The Guangfa CSI 300 Index Quantitative Enhanced Fund will employ a strategy combining active quantitative management and AI enhancement to optimize stock selection and adapt to market dynamics [3]

Core Viewpoint - The A-share market in the first three quarters of 2025 has shown a clear divergence in performance, with technology leading while traditional sectors like liquor and real estate lagged behind. The CSI 300 index rose nearly 20%, while the CSI 2000 index saw an increase of over 30%. In this context, index-enhanced funds have emerged as a viable investment strategy, providing a way to earn more without excessive trading [4]. Summary by Index CSI 300 Index - Among 158 CSI 300 index-enhanced funds, the average return for the first three quarters was 19.17%, with an average excess return of 1.77%. 104 funds achieved positive excess returns, representing 65.82% of the total [5]. - The top three funds in terms of excess return were managed by E Fund, China Europe Fund, and Fortune Fund, with E Fund's product achieving an excess return of 17.08% and a total return of 34.11% [6][7]. CSI 500 Index - There are 156 CSI 500 index-enhanced funds, with an average return of 29.60% and an average excess return of 1.48%. The top three funds were managed by Penghua Fund, China Europe Fund, and Huatai-PB Fund, with Penghua's product achieving an excess return of 13.72% and a total return of 41.63% [8][9]. CSI 1000 Index - The CSI 1000 index-enhanced funds totaled 88, with an average return of 34.28% and an average excess return of 8.32%. The top three funds were managed by ICBC Credit Suisse Fund, Changxin Fund, and Penghua Fund, with ICBC's product achieving an excess return of 18.52% and a total return of 44.29% [11][12][13]. CSI 2000 Index - There are 31 CSI 2000 index-enhanced funds, with an average return of 40.74% and an average excess return of 11.11%. The top three funds were managed by Tianhong Fund, Huatai-PB Fund, and Huitianfu Fund, with Tianhong's product achieving an excess return of 18.21% and a total return of 46.48% [14][15].

Group 1 - The core viewpoint of the news is the significant increase in the establishment and scale of index-enhanced funds in 2023, with 129 new funds launched, representing a 207% growth compared to the previous year, totaling 72.843 billion yuan [1] - The top three newly established index-enhanced funds by scale include Guangfa's Growth Enterprise Board Index Enhanced Fund at 2.393 billion yuan, followed by Morgan's CSI A500 Index Enhanced Fund at 2.133 billion yuan and Pengyang's CSI A500 Index Enhanced Fund at 1.940 billion yuan [1] - Major public fund institutions, including large domestic firms and foreign-owned firms, are actively participating in the index-enhanced fund market, indicating a broad interest across different types of fund managers [1] Group 2 - The increase in the number of index-enhanced funds is attributed to a favorable market environment and rising investor demand, as well as supportive policies from regulatory bodies like the China Securities Regulatory Commission [2] - The structural differentiation in the market has led to a shift of funds towards index-enhanced funds, which offer both market returns (Beta) and potential excess returns (Alpha), along with advantages in fee structure and transparency compared to actively managed funds [2] - The competitive landscape for public fund institutions is evolving, with a focus on the ability of fund managers to consistently generate excess returns, prompting innovation in fund management strategies [3] Group 3 - New strategies are being explored by public fund institutions, such as equal-weight strategies to avoid large-cap stock dominance and AI-driven high-frequency enhancement strategies to capture short-term market opportunities [3] - The use of multi-factor quantitative models for active management aims to enhance returns while maintaining investment styles, indicating a trend towards more sophisticated investment approaches in index-enhanced funds [3]

Fund Overview - The fund is named "Guotou Ruijin Shanghai Composite Index Enhanced Securities Investment Fund" and is a stock-type open-ended fund [14][15] - The fund aims to enhance returns through an index-enhanced investment strategy, targeting a minimum of 80% of its assets in stock investments [5][13] Fund Management and Custody - The fund is managed by Guotou Ruijin Fund Management Co., Ltd., and the custodian is Industrial and Commercial Bank of China [1][41] Fund Subscription Details - The initial fundraising cap for the fund is set at 8 billion RMB, excluding interest accrued during the fundraising period [2][19] - The subscription period is from October 22, 2025, to November 11, 2025, with the possibility of adjustments based on sales conditions [6][22][23] - Investors can subscribe to the fund through various sales institutions, including the direct sales center of Guotou Ruijin and several other banks and securities firms [24][41] Fund Share Classes - The fund offers two classes of shares: Class A shares, which charge a subscription fee, and Class C shares, which do not charge a subscription fee but deduct service fees from the fund's assets [3][15][26] Subscription Process - Investors must open an account with the fund management company to subscribe, with a minimum subscription amount of 1 RMB [8][28] - Multiple subscriptions are allowed during the fundraising period, but confirmed applications cannot be revoked [9][10] Fund Investment Strategy - The fund primarily invests in stocks that are part of the Shanghai Composite Index, with at least 80% of its non-cash assets allocated to these stocks [5][9] - The fund may also invest in other financial instruments, including bonds and derivatives, to achieve its investment objectives [8][13] Risk Considerations - The fund is classified as a high-risk investment, with expected returns higher than mixed, bond, and money market funds [5][13] - Investors should be aware of potential risks associated with stock market volatility, currency fluctuations, and liquidity issues [6][7][8]

Group 1 - The fund is named "Jia Shi Zhong Zheng A500 Index Enhanced Securities Investment Fund" and has been approved for registration by the China Securities Regulatory Commission on August 4, 2025 [1] - The fund is a contractual open-end stock index enhanced fund [2] - The fund manager is Jia Shi Fund Management Co., Ltd., and the custodian is China Postal Savings Bank Co., Ltd. [3] Group 2 - The fund will be publicly offered from September 1, 2025, to September 19, 2025 [4] - The minimum subscription amount is RMB 1 for online direct sales or non-direct sales institutions, and RMB 20,000 for direct sales center counter subscriptions [5][16] - Investors can subscribe multiple times during the fundraising period, but if a single investor's total subscription reaches or exceeds 50% of the total fund shares, the fund manager may restrict further subscriptions [5][17] Group 3 - The fund aims to effectively track the benchmark index (CSI A500 Index) while enhancing and optimizing the index portfolio management and risk control to achieve excess returns [20] - The fund does not set a fundraising target [21] - The fund's initial share value is RMB 1.00 for both A and C class shares [19][28] Group 4 - The fund's investment scope includes stocks, stock index futures, and other financial derivatives, with a focus on the CSI A500 Index [11][20] - The fund's investment strategy involves selecting stocks based on market capitalization and liquidity, with a sample of 500 securities reflecting the overall performance of representative listed companies [11][13] Group 5 - The fund will be registered and managed by Jia Shi Fund Management Co., Ltd., which will also handle the fund's registration and transfer [70][72] - The fund's legal advisor is Shanghai Yuan Tai Law Firm, and the accounting firm is Rong Cheng Accounting Firm [73]