Core Viewpoint - The approval of the first batch of 26 new floating management fee rate funds by the China Securities Regulatory Commission (CSRC) marks a significant innovation in the mutual fund industry, allowing for a more flexible fee structure based on relative performance against benchmarks [1][7]. Group 1: Product Details - The first batch of floating management fee rate funds includes products from major fund companies such as E Fund, Huaxia, and GF Fund, among others [1][2]. - The fee structure for these new products consists of three tiers: a base rate of 1.2%, an elevated rate of 1.5% for outperforming benchmarks, and a reduced rate of 0.6% for underperforming benchmarks [5][6]. Group 2: Fee Structure and Performance Metrics - The floating management fee is determined based on the fund's performance relative to its benchmark, with specific thresholds set for annualized returns [4][10]. - If an investor redeems the fund within one year, a standard base rate of 1.2% applies, regardless of performance [5][6]. Group 3: Industry Response and Future Outlook - The introduction of these products is seen as a proactive response to the "Action Plan for Promoting the High-Quality Development of Public Funds," aiming to align the interests of fund managers and investors more closely [9][10]. - There is an expectation of more such products being approved in the future, as many fund managers express interest in developing similar models [8][9].
重磅刷屏!刚刚,首批26只来了
Zhong Guo Ji Jin Bao·2025-05-23 11:22