Common benchmark indexes are CSI 500, CSI 1000, CSI 300, etc. Structural index enhancement: usually issued by securities firms, the index enhancement effect is achieved through the basis convergence of stock index futures. The more serious the discount, the higher the reported enhanced revenue. There are many varieties of structural index increasing profits, from the most basic fixed enhanced income index to multiple index increasing profits, dividend index increasing profits, index enhancing Plus, gold stock enhancing and so on. , can provide a richer risk-return scenario.
Characteristics and advantages of quantitative exponential growth strategy
1, the iteration of quantitative exponential growth strategy has its own rules, and it does not change the strategy frequently with the style.
In the quantitative model, the market "style" is usually regarded as "uncertain risk". The quantitative index overweight strategy will make various constraints such as the proportion of individual stocks and the weight of industries to avoid excessive withdrawal under the "extreme style" market. Even if there is excessive withdrawal, mature quantitative managers will not easily "switch strategy styles" or "substantially modify strategies". This is like, the plane will bump when it crosses the airflow, which does not mean that there is something wrong with the plane and it needs to be overhauled.
In fact, the iteration of quantitative strategy not only iterates when the market changes, but also iterates every day. The core is to constantly iterate the strategy factor library, constantly enrich the revenue source of the strategy, and make the strategy more detailed, comprehensive and systematic.
Don't put down all your money for the sake of enterprise growth and asset appreciation.
Quantification refers to increasing the money earned by enterprise growth. If you buy 500 fingers, then Beta can be compared to buying 500 piglets. Without extreme special reasons, pigs will certainly grow up with meat. Even if the unit price of pork remains unchanged, that is, PB and PE remain unchanged, the total sales of pork will definitely rise, which is the income brought to us by the growth of enterprises.
Quantification refers to increasing and earning alpha excess returns, which needs fund managers to obtain through management, stock selection and other means, which fully embodies the professional ability of the manager's strategic model. In addition, in the long inflation cycle, once the currency is issued, assets will become "expensive" and there will be the possibility of asset appreciation.
3. The fluctuation and retracement of income are large, so it is very important to hold it for a long time.
According to the data, almost all the quantitative index products in China, however, those that have experienced 2065,438+08, the historical maximum retracement is almost above 65,438+08%. In addition, almost all quantitative index-added funds have seen obvious withdrawal in 2065, 438+08, 2065, 438+09, 2020 and this year, but the final result is the same.