Core Insights - The report highlights that the "Evergreen Low Volatility Strategy" is currently outperforming, while overseas equity markets are stabilizing and rebounding [3][4][5]. Group 1: Market Overview - The A-share market experienced a pullback after failing to maintain momentum above 3400 points, with significant adjustments in previously strong sectors like robotics and semiconductors [3][4]. - Defensive sectors, particularly dividend-related stocks, have shown resilience during market weakness, validating previous allocation views [3][4]. - In the overseas market, concerns about economic recession have eased slightly following comments from the Federal Reserve Chairman, leading to a rebound in U.S. stock markets [3][4]. Group 2: Strategy Allocation - The report ranks strategies as follows: Evergreen Low Volatility Strategy > Overseas Equity Strategy > Stock Fund Enhancement Strategy [4]. - The Evergreen Low Volatility Fund Strategy recorded a slight decline of -0.772% this week, while the stock fund enhancement strategy fell by -1.150% [6][18]. - The cash-enhanced fund strategy achieved a return of 0.032%, outperforming the benchmark [7][18]. Group 3: Fund Strategy Performance - The Evergreen Low Volatility Fund has shown strong stability since its inception, with a cumulative return of 9.170% since July 31, 2023 [18][20]. - The Stock Fund Enhancement Strategy has a cumulative return of 10.753% since its launch, indicating potential for excess returns as market conditions improve [18][24]. - The Overseas Equity Allocation Fund has accumulated a high level of excess returns, benefiting from the global technology growth driven by artificial intelligence [18][28]. Group 4: Fund Composition and Selection - The Evergreen Low Volatility Fund focuses on selecting funds with long-term stable returns, emphasizing low volatility and drawdown characteristics [14][20]. - The Stock Fund Enhancement Strategy aims to identify funds with strong alpha generation capabilities, focusing on stock selection and industry exposure [15][24]. - The Cash Enhanced Fund Strategy utilizes a multi-dimensional factor approach to select high-performing money market funds, optimizing short-term cash management [16][27]. Group 5: Global Investment Strategy - The report emphasizes the importance of QDII funds for global asset allocation, utilizing momentum and reversal factors to select overseas equity indices for investment [17][28]. - The Overseas Equity Allocation Fund has been effective in providing additional returns to A-share investments, particularly in the context of the Federal Reserve's interest rate policies [28][29].