金鹰改革红利混合三年亏跑输业绩基准56% 基金经理韩广哲面临降薪压力

Group 1: Regulatory Changes - The China Securities Regulatory Commission (CSRC) has released an action plan to promote the high-quality development of public funds, which includes a performance-based compensation mechanism for fund managers linked to long-term performance [1] - Fund managers whose products underperform the benchmark by more than 10 percentage points over three years will face significant reductions in performance pay, while those who outperform may see pay increases [1] Group 2: Fund Performance Analysis - Among funds with over 1 billion yuan in size and established for more than three years, 356 funds have underperformed their benchmarks by 10% over the past three years, involving 265 fund managers and 61 fund companies [2] - The Jin Ying Reform Dividend Mixed Fund (code: 001951) has a total scale of 1.056 billion yuan and has lost 47.86% over the past three years, significantly underperforming its benchmark by approximately 55.51% [2][4] Group 3: Fund Manager Insights - Fund manager Han Guangzhe has a total management scale of 1.056 billion yuan, with a total return of 28.92% during his tenure of nearly six years [4] - The fund's high turnover strategy has led to significant fluctuations in performance, with a turnover rate of 574.59% in the first quarter of 2024, indicating rapid responses to market trends [5][7] Group 4: Market Outlook - Han Guangzhe's latest view suggests that the A-share market will remain volatile until solid fundamental growth is observed, with a focus on companies benefiting from global AI opportunities [8] - The fund manager emphasizes the need for investors to assess their risk tolerance and consider more balanced alternatives with better drawdown control [8]