Core Insights - The A-share broad-based ETF market has shown new characteristics this year, with small and mid-cap style products continuously attracting capital [1] - The market has recognized the value of small and mid-cap index-enhanced products, particularly in the context of a mild macroeconomic recovery and increased policy support for private enterprises and technological innovation [2] Group 1: Market Trends - The latest data indicates that the top three ETFs in terms of share growth are all from China Merchants Fund, specifically the China Merchants CSI 2000 Enhanced Strategy ETF (159552), the China Merchants CSI 1000 Enhanced Strategy ETF (159680), and the China Merchants CSI 500 Enhanced Strategy ETF (561950) [1] - The enhanced ETFs, which feature both "index Beta + enhanced Alpha" dual return characteristics, have gained significant attention from investors [2] Group 2: Investment Strategy - China Merchants Fund's success in having three products in the top ten for share growth is closely linked to its quantitative investment capabilities, which include a self-developed intelligent quantitative research platform that integrates multi-factor models, AI algorithms, and a strict risk control system [3] - The platform allows for deep fundamental analysis and dynamic optimization of portfolio structures, aiming for long-term stable excess returns while closely tracking benchmark indices [3] Group 3: Product Development - China Merchants Fund has been an early player in the index-enhanced product line, launching the CSI 300 Enhanced ETF as one of the first in the market, followed by additional products covering various indices such as CSI 500, CSI 1000, and CSI 2000 [4] - The combination of the quantitative team's expertise in index enhancement and the efficient, transparent nature of ETF products has contributed to the market recognition of these offerings [4] Group 4: Performance Data - The share growth percentages for the top three ETFs are as follows: China Merchants CSI 2000 Enhanced ETF (49.27%), China Merchants CSI 1000 Enhanced ETF (26.85%), and China Merchants CSI 500 Enhanced ETF (18.78%) [5]

Group 1 - The China Securities A500 Index, known as "China's S&P 500," has gained popularity since its launch in September last year, leading to the expansion of actively managed index-enhanced ETFs [1] - China Asset Management has launched the Huaxia CSI A500 Enhanced Strategy ETF (code: 512370) on July 21, following the success of its previous 100 billion yuan A500 ETF [1] - The fund managers, Lu Yayun and Chen Guofeng, have extensive investment experience, and their previous product, the Huaxia CSI 2000 ETF, achieved a total return of 46.96% since its inception, outperforming its benchmark by 27.96% [1] Group 2 - The Huaxia Fund emphasizes that index-enhanced products can help investors achieve stable alpha in long-term growth sectors with high investment capacity and demand [2] - The CSI A500 Index offers a more comprehensive and balanced industry distribution, covering core assets and providing good diversification for quantitative strategies [2]