首批26只新模式浮动管理费基金获批 将持有人利益和基金管理人利益深度绑定

Core Viewpoint - The approval of the first batch of 26 new model floating management fee funds marks a significant step towards high-quality development in the public fund industry, emphasizing a shift from "scale-oriented" to "investor interest first" [1][2]. Group 1: Fund Characteristics - The newly approved funds are primarily managed by leading companies, with a few strong mid-sized managers and one foreign-owned manager participating [1]. - The product names reflect distinct characteristics, focusing on stability, collaboration, and returns [1]. - All products are market-wide stock selection funds, primarily benchmarking against mainstream broad-based indices such as CSI 300, CSI A500, CSI 500, and CSI 800 [1]. Group 2: Fee Mechanism Innovations - The new fee structure is a major innovation, linking management fees to the actual returns of investors after a certain holding period and relative performance against benchmarks, emphasizing investor best interests [2]. - The fee structure is detailed to the "single client, single share" level, allowing for personalized fee arrangements [2]. - The management fee will vary based on performance, with specific rates applied depending on the annualized excess return relative to the benchmark [2]. Group 3: Management and Operational Implications - The design of these products deeply aligns the interests of investors and fund managers, prompting companies to assign top talent to manage these funds [3]. - Notable fund managers, such as Zhou Yun from Oriental Red Asset Management and Wang Mingxu from GF Fund, are expected to be involved in managing these products due to their strong track records [3]. - The successful approval of these funds is seen as a significant achievement for the companies involved and the public fund industry as a whole, enhancing investor experience and promoting long-term investment [3].