看完基金经理名单，更期待浮动费率了

Core Viewpoint - The approval of the first batch of 26 new floating rate funds marks a significant development in the mutual fund industry, emphasizing a new fee structure linked to performance metrics [2][3]. Group 1: Floating Management Fee Structure - The newly introduced "innovative floating rate funds" will have management fees primarily tied to performance against a benchmark, differing from previous complex fee structures [5][6]. - The management fee structure is asymmetric, favoring investors, where the maximum fee of 1.5% per year applies only if the fund outperforms the benchmark by over 6% and generates positive returns [10][6]. - In cases where the fund underperforms the benchmark by over 3%, the management fee is reduced to a minimum of 0.6% per year [6][10]. Group 2: Performance Benchmark Importance - The performance benchmark is a critical element in the new fund structure, influencing both fund manager performance assessments and management fees for investors [11]. - Most of the newly issued funds have set their benchmarks as a combination of A-share broad indices, Hong Kong stocks, and bond indices, with a significant number opting for the CSI 800 index [12][11]. - The CSI 800 index is favored for its broader coverage of the A-share market, representing approximately 70% of the total market capitalization, thus providing a more balanced investment strategy [13][15]. Group 3: Fund Manager Selection and Performance - The selection of fund managers for these new floating rate funds is based on a combination of qualitative and quantitative metrics, with a focus on long-term performance [19][18]. - Wang Mingxu, a notable fund manager, is highlighted for his consistent performance and investment philosophy, which aligns with the objectives of the new floating rate funds [19][27]. - Wang's investment strategy emphasizes absolute returns and risk management, which is crucial for navigating varying market conditions [27][28].