Group 1 - AllianceBernstein, known as 联博 in Chinese, is a major asset management firm formed from the merger of Alliance Capital and Bernstein in 2000, with a current asset management total of $860 billion (over 6 trillion RMB) as of September 30, 2025 [4][5][6] - The firm has recently established 联博基金管理有限公司 and started issuing public products, indicating a strategic entry into the Chinese market [6][7] - The firm has developed a unique investment strategy called "quantitative fundamentals," which combines quantitative data processing with in-depth fundamental research for stock selection [10][11] Group 2 - The performance of their funds, such as "联博智远," shows a year-to-date return of 28.32% with a maximum drawdown of only 3.82%, demonstrating effective risk control and validating their investment strategy [17][20] - 联博 has launched its first index-enhanced product, the 联博中证500指数增强基金, targeting the 中证500 index, which includes high-tech sectors like chips and pharmaceuticals, aligning with national development goals [23][25] - The firm aims to leverage its global technology platform and multi-asset quantitative models to enhance investment efficiency and identify opportunities while controlling risks [26][29] Group 3 - The firm emphasizes the importance of steady performance and risk management, which is crucial for investor confidence and long-term investment success [31][34] - The new index-enhanced fund is seen as a suitable core investment for ordinary investors, particularly due to its focus on high-tech sectors and alignment with national policies [34][35] - The fund managers have extensive experience, with one being a veteran in quantitative research and the other specializing in machine learning strategies, which adds credibility to the new product [35]

Core Viewpoint - The launch of the first index-enhanced equity fund by the company in the Chinese market reflects a long-term trend in the recovery of the Chinese equity market, driven by economic transformation and innovation [1] Group 1: Fund Launch - The company announced that the Lianbo CSI 500 Index Enhanced Fund will be available for investors starting November 17 [1] - This fund is the first of its kind in the Chinese market to utilize an index-enhanced strategy [1] Group 2: Market Outlook - The company believes that the recovery of the Chinese equity market this year is not a short-term rebound but part of a long-term trend [1] - The CSI 500 Index includes companies that possess both growth potential and valuation advantages, making it a valuable long-term investment option [1] - Mid-cap stocks represented by the CSI 500 Index are expected to continue benefiting from China's economic growth and transformation [1]