首批官宣，变更！

Core Viewpoint - The first batch of public funds has adjusted their performance benchmarks in response to the "Action Plan for Promoting the High-Quality Development of Public Funds" [1][9] Group 1: Fund Benchmark Changes - Three bond fund products from浦银安盛基金 have changed their performance benchmarks effective from May 9, 2025, marking them as the first public products to do so since the release of the Action Plan [2][9] - The performance benchmark for浦银安盛稳健增利 has been changed from "CSI All Bond Index" to a composite benchmark of "85% of the China Bond Composite (Full Price) Index Yield + 5% of the CSI Convertible Bond Index Yield + 10% of the after-tax bank demand deposit rate" [5][6] - The benchmark for浦银安盛悦享30天持有 has shifted from "90% of the China Bond Composite Full Price Index Yield + 10% of the after-tax one-year fixed deposit rate" to "80% of the China Bond Composite (under one year) Index Yield + 10% of the after-tax one-year fixed deposit rate + 10% of the after-tax bank demand deposit rate" [7] - The benchmark for浦银安盛双债增强 has been modified from "40% of the CSI Convertible Bond Index Yield + 50% of the CSI Comprehensive Bond Index Yield + 10% of the CSI 300 Index Yield" to "55% of the China Bond Composite (Full Price) Index Yield + 30% of the CSI Convertible Bond Index Yield + 5% of the CSI 300 Index Yield + 10% of the after-tax bank demand deposit rate" [8] Group 2: Industry Trends and Regulatory Context - As of May 8, a total of 109 funds have changed their performance benchmarks, including 43 active equity funds, 41 FOFs, 12 pure bond funds, and 11 "fixed income plus" funds [9] - The adjustments reflect a trend where 19 products have shifted from a single index to a composite index format, and some have replaced the CSI 300 Index with industry style indices [9] - The regulatory authorities have emphasized the importance of performance benchmarks to prevent investment style drift, with guidelines established since 2002 and further refined in 2019 and 2023 [10] - The recent Action Plan aims to strengthen the regulatory framework around performance benchmarks, ensuring they accurately reflect investment strategies and protect investor rights [10][11]