随着市场热度持续升温，公募基金集中 " 闭门谢客 " 。 转型精细化运营 近日，易方达、华泰柏瑞、南方、华夏等多家基金公司纷纷官宣旗下部分基金开启限购模式，其中 多数基金为绩优产品。 实际上，自8月以来，市场上多只业绩领先的主动权益基金陆续宣布限购，市场已迎来"限购潮"。 Wind数据显示，8月1日至今，全市场共计已有409只基金发布暂停申购或大额申购相关公告（份额合并 计算）。 受访人士认为，限购带来的直接影响是大额申购受限，间接影响则可能促使投资者将目光转向其他 产品。面对这一变化，投资者应保持理性，科学看待基金收益中来自市场风格的贝塔收益和来自基金经 理能力的阿尔法收益，建立更加合理的资产配置框架，淡化对短期业绩的过度关注。 公募基金"限购潮" 在赚钱效应的驱动下，市场迎来了一波集中"限购潮"。 8月25日，华泰柏瑞基金发布公告称，自8月26日起对旗下中证2000指数增强产品实施限购，单日单 个基金账户申购金额不得超过10万元。该基金今年以来表现强劲，跟踪中证2000指数的相关基金涨幅在 宽基指数中居前。 无独有偶，易方达基金于8月26日公告称，旗下先锋成长混合型证券投资基金、瑞享灵活配置混合 型证券投 ...

8月以来，A股市场持续上涨，上证指数突破3700点，创下自2021年12月13日以来的新高1。随着公募基 金年内收益不断增长，资金涌入压力也随之增加。 众多业绩领先的基金产品近期却纷纷宣布限制大额申购。仅8月1日至8月17日，全市场就有逾300只公募 基金产品公告限制大额申购，其中股票型和混合型基金占比近40%。 易方达、华泰柏瑞等多家公司发布限购公告，绩优产品成限购重点 易方达基金公告称，旗下先锋成长混合型证券投资基金、瑞享灵活配置混合型证券投资基金即日起暂停 大额申购及大额转换转入业务，下属分级基金的限制申购金额为100万元人民币。 华泰柏瑞基金自8月26日起对旗下中证2000指数增强产品实施限购，单日单个基金账户申购金额不得超 过10万元。该基金今年以来表现强劲，跟踪中证2000指数的相关基金涨幅在宽基指数中居前。 南方基金管理股份有限公司也宣布，自8月26日起暂停南方纯元债券型证券投资基金单日每个基金账户 累计超过500万元的大额申购、定投和转换转入业务。 华夏基金管理有限公司则公告，自8月29日起限制华夏鼎顺三个月定期开放债券型发起式证券投资基金 的申购及转换转入业务，限制金额为单日累计不超过10万 ...

Core Viewpoint - The year 2023 is identified as a significant year for quantitative strategies, with many private equity funds reporting returns exceeding 40% due to favorable market conditions and the effective use of alternative data and artificial intelligence [1][2][3]. Group 1: Performance of Quantitative Private Equity - As of August 8, 2023, several quantitative stock selection strategies have reported returns over 40%, with five key private equity products exceeding 50% [2][5]. - The "air index increase" strategy has shown remarkable performance, allowing for flexible stock selection across the entire market without being tied to specific indices [2][3]. - The average return for 36 billion-level quantitative private equity firms has reached 18.92%, with all firms achieving positive returns [5][6]. Group 2: Market Environment and Strategy Adaptation - The active A-share market and high volatility have provided numerous trading opportunities for quantitative strategies, enhancing their ability to capture alpha returns [3][6]. - The integration of alternative data, continuous signal mining, and advancements in artificial intelligence have significantly improved the efficiency of quantitative models [3][4]. - The current market environment, characterized by increased liquidity and a favorable policy backdrop, has further supported the performance of quantitative strategies [6][7]. Group 3: Comparison with Traditional Strategies - Quantitative private equity has outperformed traditional subjective private equity this year, with 32 out of 42 billion-level private equity firms achieving returns over 10% being quantitative [4][5]. - The flexibility of quantitative strategies allows for dynamic adjustments in stock selection, enabling them to effectively navigate market fluctuations and capture structural opportunities [4][6].

Group 1 - The core viewpoint of the articles highlights that 2023 is a significant year for quantitative strategies, with many private equity funds achieving returns exceeding 40% [1][2][6] - Quantitative stock selection strategies have outperformed index-enhanced strategies, with several funds reporting returns over 50% [2][6] - The use of alternative data, continuous signal mining, and the integration of artificial intelligence have contributed to the strong performance of quantitative strategies [3][4] Group 2 - Notable private equity firms, including both established and emerging players, have seen substantial returns from their quantitative stock selection products [2][6] - The "air index increase" strategy has gained popularity due to its flexibility in stock selection, allowing it to adapt to market style changes effectively [3][4] - The average return for 36 billion-level quantitative private equity firms has reached 18.92%, with a significant number achieving returns above 10% [6] Group 3 - The market environment in 2023 has been favorable for quantitative strategies, driven by increased liquidity and a reduction in leverage risks [6] - Small-cap index-enhanced products have also performed well, with several funds reporting returns exceeding 40% [7] - The improvement in market liquidity and the active performance of small-cap stocks have significantly boosted the overall performance of quantitative stock strategies [7]