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How did Dr. Jin Yiyun answer the question of whether the future performance of the quantitative fund will continue?
Dr. Jin believes that the scale factor itself is not a stable alpha factor, but a style factor, and everyone must have a clear understanding. Future Gold replied: "If a quantitative fund only relies on the scale factor to realize its excess return, then it has had a good life in the past three years. If we rely solely on this factor in the future, it will be difficult to obtain high returns. "