ETF宽体投资策略与投资展望分析报告，可编辑培训课件.pptx

指数研究与指数化投资系列ETF宽体投资策略与投资展望2023年11月8日

CONTENTS目录1.弱流动性格局下ETF大有用武之地2.ETF频道的投资机遇（一）：大模型赋能主题选择3.ETF频道的投资机遇（二）：算法决策洞览基本面4.ETF频道的投资机遇（三）：板块分类量化配置5.ETF频道的投资机遇（四）：重视全球多市场配置6.风险因素1

弱流动性格局下ETF大有用武之地2

2023年前10个月各类主动型公募权益基金经历前所未有的挑战截至1月回截至2月回截至3月回截至4月回截至5月回截至6月回截至7月回截至8月回截至9月回截至10月标签维度标签报报报报报报报报报回报大盘中盘6.0%6.5%6.9%5.6%6.1%6.8%5.6%6.3%6.6%6.7%6.2%6.1%6.1%6.3%6.2%6.4%6.0%6.0%6.1%6.2%6.3%6.2%6.2%6.4%6.2%6.4%6.0%6.3%6.0%6.4%6.2%6.4%6.1%6.2%4.7%7.4%5.7%7.4%8.4%5.1%3.8%5.0%7.0%5.9%4.7%3.6%4.5%4.3%5.6%2.9%4.6%5.7%5.8%3.9%3.3%4.1%4.4%6.1%4.0%4.0%5.5%4.1%4.3%5.2%5.4%4.6%3.9%4.5%4.1%4.3%4.2%4.6%4.4%5.2%6.7%7.3%4.7%1.8%6.7%2.5%2.5%4.2%5.7%4.4%3.4%2.9%2.7%2.9%6.3%-0.8%3.4%6.9%4.2%3.4%2.1%3.5%2.6%4.7%3.3%2.7%4.5%2.5%3.2%5.1%6.7%3.6%3.2%3.2%3.5%3.1%3.0%3.8%3.6%3.6%4.8%18.8%1.2%-5.3%3.5%-1.0%0.2%2.8%3.5%3.7%0.9%0.9%-0.4%1.2%4.4%-3.8%1.3%5.9%2.7%1.7%-0.7%1.5%0.7%3.9%1.2%0.5%3.2%0.1%1.4%4.0%6.4%2.1%1.5%1.2%1.8%0.6%1.0%1.7%1.8%1.2%-0.1%20.2%2.6%-8.4%3.4%1.4%-4.3%0.3%2.4%-2.3%1.7%4.2%0.8%-1.6%1.2%-4.0%0.1%2.6%-5.2%-0.5%4.7%-2.1%-1.9%-0.5%4.0%-2.6%-4.1%-2.6%-2.3%0.9%-7.2%-2.1%3.7%-0.1%-2.2%-2.7%-2.4%-1.1%3.6%-1.0%-3.1%0.7%-1.6%-2.1%-1.1%1.2%-1.5%-1.7%-2.2%-0.6%-0.8%-1.9%-1.2%-1.2%-0.7%-1.4%10.6%-8.8%-11.8%0.6%-6.9%-6.5%-4.8%-0.9%-7.4%-8.6%-6.8%-7.0%-4.2%-12.3%-6.6%-1.2%-4.9%-7.0%-7.3%-7.1%-5.8%-1.0%-6.0%-7.7%-3.9%-6.6%-6.6%-5.7%-3.8%-6.4%-6.6%-6.7%-5.0%-5.9%-6.7%-5.9%-5.8%-5.3%-6.6%7.4%-9.2%-8.7%-6.3%-1.6%-9.5%-11.7%-8.3%-9.2%-6.9%-15.4%-8.7%-3.0%-6.1%-9.4%-10.0%-9.6%-7.7%-1.7%-8.3%-10.0%-5.6%-8.7%-8.9%-7.7%-5.7%-8.5%-8.8%-9.0%-7.1%-8.3%-8.9%-8.1%-8.0%-7.4%-8.3%2.3%-12.0%-11.1%-8.5%市值风格估值风格小盘价值-1.0%-3.0%-1.2%-5.6%-2.1%2.0%-7.9%-2.3%3.3%-0.3%-1.7%-5.1%-1.9%-3.5%0.6%-3.3%-3.1%0.3%-4.7%均衡-11.9%-14.3%-10.9%-12.1%-8.5%-17.7%-11.2%-6.1%成长持股风格高质量均衡质量低质量高景气中景气低景气独立质量风格景气度风格投资特征0.9%0.2%-8.1%基金行为中立-12.1%-13.0%-12.1%-10.4%-4.6%-11.2%-12.6%-8.2%-11.3%-11.7%-10.1%-8.5%-11.1%-11.3%-11.6%-9.8%-11.0%-11.4%-10.9%-10.6%-11.0%-9.1%0.7%-7.7%-23.8%-8.7%-7.2%共振-2.6%-0.2%-1.3%2.3%-1.0%-1.3%2.0%-2.2%0.0%2.8