$ESG Crypto界网 Data February 16th: Since the beginning of the year, the activity level in the A-shares market has significantly improved, benefiting the excess returns of public offering quantitative funds. Data shows that multiple funds, such as Jinxin Quantitative Select, Huashang Computer Industry Quantitative, Pudong Securities Ansheng Hong Kong Stock Connect Quantitative Preferred, have returned over 10% year-to-date. Funds like Boshi Intelligent Selection Multi-Factor, Boshi ESG Quantitative Stock Selection, China Merchants Quantitative Selection, and Shenwan Lingxin Smart Life Quantitative Stock Selection have all reached new highs in net asset value since their inception. Notably, previously, the excess returns of public active quantitative funds mainly came from small and micro-cap stocks. However, in recent quarters, public active quantitative funds have gradually increased their allocation to growth stocks, which has become one of the key factors contributing to the continuous performance improvement of public active quantitative funds.