China has all the favorable conditions for Alpha investment

Fu Qiang, chief financial analyst at Shun Securities, said July 3 that China has all the advantages of alpha investment, and that the further development of China's beta investment will move towards a subdivision, such as the development of relevant industry index investment.　　Fu Qiang is the first Chinese hedge fund and Quantitative Investment International summit in Shenzhen to make the above statement. He pointed out that the pursuit of alpha and beta separation, the recent 10 years of world investment in the development of important trends. The rapid development of China's beta investment in recent years, especially the exponential and ETF funds, will be an important watershed for beta and alpha separation this year, and an important future trend.　　The development experience of all over the world shows that the development speed of alpha investment products is much higher than the development of traditional products.　　He also stressed that the financial crisis caused the separation of alpha and beta to accelerate, mainly because of the decline in the profitability of traditional products, as well as the development of derivatives and structural products, and changes in investor demand contributed to this separation. Fu Qiang said that the further development of China's beta will be to the direction of segmentation, such as the development of relevant industry index investment, China also has all the favorable conditions for Alpha investment.　　He also pointed out that in recent years, American hedge funds have generally run the rest of the Common Fund. In his view, the weak efficiency of the Chinese market and the weak balance of the market will provide a favorable condition for the development of Alpha investment, and the birth of stock index futures and margin financing have laid a foundation, and he also believes that the further enrichment of financial products can also promote the development of alpha Investment, This will put more pressure on the pricing of traditional investment products. Li Yu