2026开年以来，基金投顾调仓节奏明显加快。统计数据显示，今年1月，近650个基金投顾组合中，有 178个进行调仓，增配低估值价值型基金成为共识，永赢融安、华泰柏瑞红利低波ETF联接等产品获基 金投顾增配比例最高。在大类资产配置层面，基金投顾组合普遍提升了A股及债券仓位，同步减配现金 资产、美股及港股持仓；行业维度则增配有色金属、电子、通信，减配生物医药、汽车及银行。 1月30日，嘉实财富旗下的嘉实财富权益甄选更新的调仓动态显示，在市场进入震荡后，组合增加了在 经济复苏方向有所布局的基金配置，减配涨幅较大的中证500产品，同时动态平衡配置医药基金。该投 顾组合将广发中小盘精选混合C的配置比例由10%提升至11%，新增持仓财通资管均衡臻选混合A和万 家双引擎灵活配置混合A，持仓比例分别为8%和5%。 具体到大类资产调整，开源证券将基金投顾在大类资产上的配置分解为A股、港股、美股、债券、黄 金、货币及现金、海外债券、新兴市场、其他发达市场、海外REIT、其他商品总计十一类资产。今年1 月基金投顾在大类资产配置的变化体现在：增配A股、债券等，减配货币及现金、美股、港股等。 进一步将基金投顾在A股上的配置分解到一级行 ...

2026开年以来，基金投顾调仓节奏明显加快。统计数据显示，今年1月，近650个基金投顾组合中，有 178个进行调仓，增配低估值价值型基金成为共识，永赢融安、华泰柏瑞红利低波ETF联接等产品获基 金投顾增配比例最高。在大类资产配置层面，基金投顾组合普遍提升了A股及债券仓位，同步减配现金 资产、美股及港股持仓；行业维度则增配有色金属、电子、通信，减配生物医药、汽车及银行。 展望后市，部分投顾机构建议围绕"出海+科技"两条主线布局，亦有观点认为港股估值安全边际显现， 布局窗口正在打开。 增配低估值价值型基金 开源证券对天天基金、且慢及雪球上总计近650个基金投顾组合进行分析后发布数据称，2026年1月总计 有178个基金投顾组合发生了调仓行为。 在基金调仓方面，低估值价值型基金增幅比例较大。永赢融安、景顺长城景颐双利、华泰柏瑞红利低波 ETF联接、中金沪深300指数增强、富国中证价值ETF联接等被基金投顾增配的比例最高。 ● 本报记者 张凌之 对于市场关注的科技板块，1月7日，富国基金旗下的富国带你投数字经济组合更新的调仓动态透露了其 在科技板块的配置思路。本次调仓在行业配置上向业绩基准适当收敛，优化配置，增加了通 ...

Core Viewpoint - The article emphasizes the importance of systematic investment and long-term strategies to achieve stable excess returns for investors, despite short-term market fluctuations [1][3]. Investment Philosophy - The investment philosophy of the company is centered around systematic investment, focusing on long-term strategies rather than being swayed by short-term market movements [1][3]. - The company aims to create a robust and efficient index enhancement system to continuously generate stable excess returns for investors [1][3]. Product Offering - The company has launched the CICC CSI All Share Index Enhanced Fund, which provides comprehensive coverage of the A-share market, serving as a "one-stop" investment tool for capturing systematic opportunities in the equity market [1][8]. - The index enhancement products are a core offering of the company's quantitative investment strategy, with a focus on major broad-based indices such as CSI 300, CSI 500, and CSI 1000 [8]. Investment Strategy - The quantitative team employs a dual-driven strategy combining fundamental quantitative strategies and algorithm-driven strategies, aiming to construct Alpha strategies that pursue stable performance [5]. - The team has developed and applied domain-specific nonlinear models to address challenges posed by traditional linear models in the evolving market [5]. Performance Metrics - The CICC CSI 500 Index Enhanced A Fund has achieved a cumulative net value growth rate of 123.32% since its inception, outperforming its benchmark by 109.18% [7]. - The CICC CSI 300 Index Enhanced A Fund has a cumulative net value growth rate of 102.90%, exceeding its benchmark by 59.76% since inception [7]. Market Outlook - The company anticipates that the A-share market is entering a phase of short-term consolidation and a long-term upward trend following significant gains in the third quarter [9]. - The company believes that the "14th Five-Year Plan" will provide fundamental support for the long-term development of the A-share market [9]. Investor Guidance - The company suggests that investors should select index enhancement products that align with their risk tolerance and hold them long-term to accumulate excess returns relative to the index [10]. - The index enhancement products are suitable for investors with a certain level of understanding of the capital market and a longer investment horizon [10]. Future Development - The company plans to continue developing diverse strategies and expanding its range of equity products to meet the growing investment needs of various investors [11].

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].