洛书投资创始合伙人李林表示，目前全球处于美联储的降息周期，依旧是相对宽松的大环境，大宗商品 波动率持续在中高位震荡。CTA投资覆盖黑色、有色、能化、贵金属、金融、农产品等板块，是做二级 市场投资相对较好的分散配置工具。中国的期货市场为量化CTA提供了较好的土壤。 排排网基金销售公司总经理林丽在开幕致辞中表示，过去一年，私募行业展现出蓬勃活力，百亿私募阵 营稳步扩大，行业盈利效应显著增强，产品备案数量也实现显著增长。未来，随着市场环境持续优化以 及行业自身不断迭代升级，私募行业将朝着更加多元、成熟的方向发展，展现出更为稳健与可持续的增 长态势。 观理基金创始人、投资总监何国坚认为，对黄金而言，2018年是明显的分水岭。2018年之后，逆全球化 愈演愈烈。在逆全球化背景下，黄金可以发挥避险作用。此外，逆全球化过程中，生产效率会降低，全 球经济增速降低；各国自建生产链，会推高通胀。黄金可以发挥保值增值的作用。黄金是安全资产之 一，是不依赖交易对手的资产。 在随后的主题演讲环节中，博时基金指数与量化投资部副总监刘钊在谈及量化投资在公募领域的发展时 表示，公募量化发展有三大趋势。第一，量化规模增速高于主动。第二，"量化 ...

Core Insights - The ETF market is experiencing a significant influx of new launches, with over 100 new ETFs debuting in October alone, marking one of the busiest months in ETF history [1] - A trend of "reverse globalization" is emerging, where global firms are entering the U.S. ETF market, attracted by its scale and investor demand [2][4] New Entrants and Innovations - Pictet, a Geneva-based firm managing over $800 billion, has launched its first three U.S.-listed ETFs, focusing on AI, automation, and sustainable investing [3] - Other notable U.S. ETF launches include the Roundhill Meme Stock ETF, Defiance Trillion Dollar Club Index ETF, and ARK DIET Q4 Buffer ETF, reflecting diverse investment themes [5] Crypto ETF Developments - The CoinShares Altcoins ETF offers exposure to 10 digital assets beyond Bitcoin and Ethereum, indicating a shift towards broader crypto investment options [6] - Growing regulatory clarity and client demand are driving the adoption of multi-crypto portfolios, with the ETF structure being a key consideration for investors [7][8] Performance Trends in 2025 - Gold and Bitcoin ETFs have shown strong performance in 2025, supported by central bank buying and increased investor confidence [9] - Ex-U.S. equity ETFs, particularly those focused on European financials and industrials, have performed well due to resilient local markets and favorable currency conditions [10] Struggles in Certain Sectors - Healthcare sector ETFs and energy-related commodities ETFs have underperformed in 2025, highlighting challenges in these areas [11]