Group 1 - The current trend of newly listed stocks has re-emerged since September 2024, with the Wind New Stock Index showing a significant upward trend after a period of relative stability [2][12][15] - Fund holdings in newly listed stocks are relatively low, indicating a potential for significant future increases as funds have been under-allocated in this sector [14][15] - The performance of newly listed stocks is closely correlated with improvements in China's economic outlook, particularly in relation to the United States [20][21] Group 2 - Newly listed stocks benefit from the "era dividend" associated with current IPOs, reflecting strong growth potential and alignment with new economic policies [3][24] - The newly listed stock index is characterized by a diverse industry distribution, reducing exposure to risks associated with any single sector [24][27] Group 3 - The existing Wind New Stock Index lacks the characteristics of a truly investable index due to high turnover and frequent rebalancing [28][29] - A new index, the Open Source New Stock Index, has been developed to better capture the "era dividend" by including stocks listed for less than six years, thus stabilizing the index and enhancing its investment significance [30][31] Group 4 - The Open Source Strategy Selected New Stock Strategy has been constructed by integrating financial and technical indicators, achieving a cumulative return of 980.32% since April 2010, with an annualized return of 16.89% [5][36][41] - The performance of the new stock financial portfolio has significantly outperformed benchmarks, demonstrating its effectiveness in generating alpha [38][41]