Core Viewpoint - The article emphasizes the importance of stable performance in quantitative index-enhanced funds, aiming to provide investors with predictable returns and build trust through a scientific and standardized investment research process [1][2][4]. Investment Strategy - The investment philosophy is rooted in system engineering management methods, focusing on clear process design and standardization to enhance the predictability of investment strategies and reduce randomness [2][3]. - The quantitative index-enhanced products are designed to maintain a high correlation with benchmark indices while allowing for excess returns, thus aligning with the industry's transformation direction [1][4]. Market Trends - There is a shift in investor sentiment from seeking high volatility to preferring stable returns, which positions quantitative investment as a systematic and scientific approach gaining recognition [4][5]. - The recent regulatory framework encourages the development of various index funds, providing a solid foundation for the growth of quantitative index-enhanced funds [4][5]. Competitive Landscape - The quantitative investment sector offers opportunities for small and medium-sized fund companies to establish competitive advantages through specialized and refined strategies [6][7]. - The market for quantitative index-enhanced products is currently fragmented, allowing for potential growth and innovation in this space [6][7]. Future Outlook - The quantitative index-enhanced funds are expected to capture a larger share of the market as they align with the public fund industry's transformation towards stable, benchmark-aligned products [5][8]. - The company plans to expand its product offerings to include a diverse range of quantitative strategies, catering to various investor needs and preferences [8].

Group 1 - The core viewpoint emphasizes the importance of patient capital and long-term investment strategies in supporting the high-quality development of capital markets as public fund reforms progress [1][2] - The investment strategy focuses on high-quality assets characterized by "high and stable ROE (Return on Equity) + high margin of safety," which are seen as essential for sustainable excess returns [1] - High and stable ROE indicates stronger profitability resilience and intrinsic growth potential during economic cycles, making these core assets vital for long-term compounding growth [1] Group 2 - Looking ahead to the second half of 2025, it is anticipated that domestic economic growth will gain momentum due to ongoing policy support, which should not be underestimated [2] - Enhanced economic growth and structural adjustments are expected to positively impact the marginal profitability growth of listed companies, leading to increased long-term capital allocation in A-shares [2] - The strategy of deeply exploring and firmly holding high-quality core assets with "high and stable ROE + high margin of safety" is viewed as a rational choice to navigate market volatility and a pathway for investors to share in the benefits of China's high-quality economic development [2]