每經(jing)AI快訊，自(zi)2004年首只公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)產品成立(li)以(yi)(yi)來，國內(nei)公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)基金(jin)(jin)已走(zou)過近20個(ge)年頭。回顧過往(wang)，伴隨行(xing)業(ye)穩步(bu)發展，主(zhu)動權(quan)益(yi)類基金(jin)(jin)和指數型基金(jin)(jin)均大(da)(da)幅擴容(rong)。相比(bi)之下，公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)的(de)(de)發展之路比(bi)較(jiao)黯淡(dan)。據統(tong)計(ji)，目(mu)前公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)產品規(gui)模僅(jin)有2500億元左右，在整個(ge)行(xing)業(ye)中占比(bi)不到1%。 在多家機(ji)構看來，投資者(zhe)對公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)產品認識不足，以(yi)(yi)及公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)可使用的(de)(de)標(biao)準化(hua)金(jin)(jin)融衍生工具有限，成為制約公(gong)(gong)(gong)募(mu)(mu)(mu)量(liang)(liang)(liang)(liang)化(hua)產品發展壯大(da)(da)的(de)(de)兩(liang)大(da)(da)主(zhu)因。此(ci)外(wai)，量(liang)(liang)(liang)(liang)化(hua)投資的(de)(de)基金(jin)(jin)經(jing)理難以(yi)(yi)在較(jiao)長時間(jian)里保(bao)持規(gui)模與業(ye)績的(de)(de)雙豐收，也導(dao)致績優量(liang)(liang)(liang)(liang)化(hua)產品一旦業(ye)績下降，規(gui)模便同步(bu)縮水。 盡管存在種(zhong)種(zhong)問(wen)題，但各家公(gong)(gong)(gong)募(mu)(mu)(mu)基金(jin)(jin)仍在量(liang)(liang)(liang)(liang)化(hua)領(ling)域積極探索。業(ye)內(nei)人士認為，面對行(xing)業(ye)廣闊的(de)(de)發展空(kong)間(jian)，公(gong)(gong)(gong)募(mu)(mu)(mu)基金(jin)(jin)應堅持自(zi)身(shen)(shen)特色，將自(zi)身(shen)(shen)在行(xing)業(ye)和個(ge)股領(ling)域的(de)(de)深度研究優勢，與量(liang)(liang)(liang)(liang)化(hua)投資的(de)(de)高效、全面、客觀等特征(zheng)相結合，構建差(cha)異(yi)化(hua)競爭策(ce)略。（上(shang)海證(zheng)券報(bao)）