Mackenzie GQE International Equity Fund offers investors diversified portfolio exposure beyond North AmericaTORONTO, Oct. 9, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the launch of the Mackenzie GQE International Equity Fund (the "Fund"), offering investors access to international sectors and industries that are underrepresented in North America. The Fund is managed by the Mackenzie Global Quantitative Equity Team (the "GQE Team").The Fund is now offered in a mutual fund structure, co ...

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Core Viewpoint - The article highlights the significant growth in the quantitative private equity sector, with an increase in the number of top-tier firms and their management scale, driven by the popularity of quantitative investment strategies and market trends [1]. Group 1: Growth of Quantitative Private Equity - As of the end of August 2025, the number of top quantitative private equity firms with management scales exceeding 5 billion yuan has risen to 78, marking an approximate 28% increase from January 2025 [1]. - Among these firms, 45 manage over 10 billion yuan, while 33 have management scales between 5 billion and 10 billion yuan [1]. Group 2: Performance of Top Firms - The top quantitative private equity founders, who are also fund managers, have an average return of 28.81% this year, with an average excess return of 11.12% [1]. - The total number of products managed by these founders that meet ranking criteria is 202, with a combined scale of approximately 28.064 billion yuan [1]. Group 3: Notable Founders and Their Strategies - Xie Xiaoyang, founder of Tianyan Capital, has 12 products with a total scale of approximately 2.174 billion yuan, achieving outstanding excess returns [4]. - Liu Xibin, founder of Hongxi Fund, manages 13 products with a total scale of approximately 1.280 billion yuan, focusing on quantitative trend strategies [7]. - The founders of Heiyi Asset, Zhou Yitian and Chen Zehao, have 21 products with a total scale of approximately 2.419 billion yuan, emphasizing risk control and stable returns [10]. Group 4: Emerging Trends and Innovations - Wu Di, founder of Century Frontier, is focusing on AI developments in quantitative strategies, indicating a shift towards building intelligent systems for strategy development [17].

Group 1 - The number of private equity firms with over 10 billion yuan in assets has reached 91 as of August 31, 2025, with Shanghai's Nianjue Private Equity being the latest addition [1] - Among these, 45 are quantitative private equity firms, accounting for 49.45%, while 39 are subjective firms, making up 42.86% [1] - The majority of these firms are concentrated in Shanghai and Beijing, which together account for 70% of the total [1] Group 2 - The average return for 57 private equity firms with performance data is 24.99% year-to-date, with all achieving positive returns [2] - 37 quantitative private equity firms have an average return of 28.07%, with 31 of the 40 firms that exceeded 20% returns being quantitative [2] - Notable firms with strong performance include Fusheng Asset, Stable Investment, and Abama Investment [2] Group 3 - The strong performance of quantitative private equity firms in 2025 is attributed to favorable market conditions, including wide fluctuations in A-shares and a focus on small-cap stocks [3] - Systematic operations of quantitative strategies help mitigate emotional interference, allowing for stable performance amid volatility [3] - Enhanced adaptability of strategies and abundant market liquidity have also contributed to the success of these firms [3]

Core Viewpoint - The article discusses the evolution of China's capital markets, emphasizing the importance of the "dual innovation" sector, which includes the ChiNext and Sci-Tech Innovation Board, as a key area for investment opportunities during a bull market [3][30]. Group 1: Historical Context - Before the stock market, enterprises were state-owned, and funding was solely reliant on government support [5][6]. - The transition to a shareholding system allowed companies to issue stocks for financing, leading to the establishment of stock exchanges in 1990 to regulate trading [8][15]. Group 2: Market Structure - The main board has high entry requirements, particularly regarding profitability, which excludes many potential growth stocks [19][20]. - The establishment of the SME Board in 2004 aimed to support medium-sized enterprises, but it did not significantly lower the entry barriers [23][25]. - The ChiNext was introduced in 2009 to better serve small and medium enterprises, while the Sci-Tech Innovation Board was launched in 2019 to support high-tech companies without the requirement of profitability [26][30]. Group 3: Characteristics of Dual Innovation Sector - The dual innovation sector exhibits three distinct characteristics: 1. High volatility, with a maximum price fluctuation limit of ±20%, compared to the main board's ±10% [34]. 2. High liquidity, as participants in this sector tend to have higher trading activity and capital [36]. 3. Greater imaginative potential, as tech innovation companies have unpredictable futures, leading to more significant valuation variations [38]. Group 4: Investment Opportunities - The unique characteristics of the dual innovation sector make it particularly suitable for quantitative investment strategies [41]. - In the current bull market, quantitative private equity focused on dual innovation has shown remarkable performance [43].

Core Insights - Tushare, a leading financial data provider and essential tool for quantitative investment, experienced a sudden service interruption due to a business dispute between its core data hosting agent and operator [1] - Tushare has mobilized its technical and operations teams to communicate and coordinate with relevant parties, but the complexity of the situation has hindered effective resolution [1] - To ensure long-term stability and sustainable development of its services, Tushare has decided to migrate its data services entirely, which is expected to take some time due to the large scale and volume of data involved [1] - Tushare Pro services may be temporarily unavailable for the next week as a result of this migration process [1]

Core Insights - The article highlights the positive performance of equity funds in the second half of the year, with many fund managers showcasing their personal investment gains, leading to increased investor interest [1][2]. Fund Manager Performance - Over 20 public fund managers have shared their real-time investment data, with most reporting profits; the highest cumulative gain exceeds 1.04 million yuan [1][3]. - Notable fund managers include Yao Jiahong from Guojin Fund, whose total investment amount reached 4.05 million yuan with a cumulative profit of 1.048 million yuan [3][4][5]. - Other fund managers, such as Ma Fang from Guojin Fund, reported a total investment of 1.9422 million yuan with a cumulative profit of 587,000 yuan [5]. Investment Strategies - Fund managers suggest employing a contrarian approach during market adjustments, advocating for strategies like dollar-cost averaging and profit-taking at highs [1][12]. - The innovative drug sector is highlighted as a promising investment area, with expectations of continued growth driven by policy support and market demand [12]. Market Conditions - The article notes that despite some funds still being in a loss position, many have achieved significant gains in the recent market rally [7][9]. - The overall market environment remains favorable for small-cap growth stocks, with ample liquidity present [13].

Core Insights - The article highlights Steven Cress's role as VP of Quantitative Strategy and Market Data at Seeking Alpha, emphasizing his contributions to the platform's quantitative stock rating system and analytical tools [1][2] - Cress is dedicated to removing emotional biases from investment decisions through a data-driven approach, utilizing sophisticated algorithms to simplify investment research [2][4] - His background includes founding CressCap Investment Research, which was acquired by Seeking Alpha in 2018, and previously running a proprietary trading desk at Morgan Stanley [3][4] Company Contributions - Seeking Alpha's Quant Rating system, created by Cress, is designed to interpret data for investors and provide insights on investment directions, saving time for users [1][2] - The platform offers a systematic stock recommendation tool called Alpha Picks, aimed at helping long-term investors build a high-quality portfolio [1] Professional Background - Cress has over 30 years of experience in equity research, quantitative strategies, and portfolio management, positioning him as an expert in various investment topics [4] - His previous ventures include founding a quant hedge fund, Cress Capital Management, and leading international business development at Northern Trust [3][4]

Core Insights - The article highlights the performance and growth of quantitative private equity firms in Beijing, noting that there are 620 products with a total scale of 43.43 billion yuan, achieving an average return of 9.80% in the first half of the year [2] - The article emphasizes the emergence of three new billion-yuan quantitative private equity firms in Beijing, bringing the total to ten [2][3] Group 1: Market Overview - As of June 2025, there are 147 quantitative private equity firms in Beijing, a decrease of 2 from the end of 2024 [2] - The average return for quantitative products in Beijing was 10.75%, with 253 products outperforming the average [2] - The top three quantitative private equity firms by employee count are Lingjun Investment (157 employees), Jiukun Investment (155 employees), and Inno Asset (110 employees) [3] Group 2: Performance Rankings - The top-performing quantitative private equity firms in Beijing for the first half of the year include Xinhong Tianhe, Tiansuan Quantitative, and Pingfanghe Investment [6] - Xinhong Tianhe achieved a significant return with its products, leading the rankings [8] - The average return for quantitative multi-strategy products was 16.20%, with the top five products coming from firms like Luxiu Investment and Baolite Asset Management [10] Group 3: Product Insights - The article lists the top quantitative multi-strategy products, with Luxiu Investment's "Luxiu All-Market Enhanced No. 1" leading the way [11] - The average return for quantitative CTA products was 5.25%, with the top product from Ruixin Tiansuan [14] - Xinhong Tianhe's "Xinhong CTA No. 1 Quantitative A Class" also ranked highly in the CTA category [16]

Core Viewpoint - The AI Fund Guolian Intelligent Selected Dividend Stock A (005569) reported a profit of 25,900 yuan for the second quarter of 2025, with a weighted average profit per fund share of 0.029 yuan. The fund's net value growth rate for the period was 3.04%, and the fund size reached 7.5541 million yuan by the end of the second quarter [2][13]. Fund Performance - As of July 9, the unit net value of the fund was 1.015 yuan. The fund's performance over various time frames is as follows: - 3-month net value growth rate: 8.46%, ranking 78 out of 110 comparable funds - 6-month net value growth rate: 8.90%, ranking 59 out of 110 comparable funds - 1-year net value growth rate: 11.74%, ranking 79 out of 110 comparable funds - 3-year net value growth rate: -36.68%, ranking 72 out of 78 comparable funds [2]. Risk Metrics - The fund's Sharpe ratio over the past three years was -0.5998, ranking 77 out of 78 comparable funds [7]. - The maximum drawdown over the past three years was 54.36%, with the worst quarterly drawdown occurring in Q1 2022 at 24.92% [9]. Investment Strategy - The fund employs a quantitative intelligent stock selection model, focusing on stocks with high cash dividend yields, stable dividends, and certain growth potential. It emphasizes individual stock profitability screening and crowding control, aiming for high excess returns through reasonable industry and stock diversification [2]. Portfolio Composition - As of June 30, the fund's average stock position over the past three years was 86.17%, compared to a comparable average of 88.08%. The fund reached a peak position of 92.4% at the end of 2021 and a low of 51.39% at the end of Q1 2024 [12]. - The top ten holdings of the fund include Gree Electric Appliances, Jiangsu Bank, Suzhou Bank, Qingdao Bank, Shanghai Bank, Beijing Bank, Industrial Bank, Chongqing Rural Commercial Bank, Caibai Co., and Industrial and Commercial Bank of China [16].