According to Beating, all nine Fangyuan Quant products monitored by private fund tracking platform showed month-to-date declines exceeding 20% in July. The largest decline was Fangyuan CSI 500 Quantitative Aggressive 1, which fell 22.15% for the month. As of July 31, only one product maintained a positive year-to-date return of 0.04%, while the remaining eight turned negative.
During July 13-17, CSI 500 index fell approximately 11.7% weekly, while CSI 1000 and CSI 2000 both dropped over 12%. During the same period, ten Fangyuan quantitative long products all declined over 15% weekly. Other leading quant firms including Mingshi, Pingfang and Jiukun experienced similar drawdowns.