国金基金：旗下非货基2024年合亏14亿，收取超2亿管理费

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of prioritizing investor interests in the development of public funds, urging industry institutions to adopt a governance model that focuses on investor returns rather than just scale [1] Group 1: Company Performance - Guojin Fund achieved a revenue of 326 million yuan and a net profit of approximately 10.37 million yuan in 2024 [5] - The total asset management scale of Guojin Fund reached 75.649 billion yuan by the end of 2024, with public funds managing 73.228 billion yuan [4] - Guojin Fund's public products incurred a total loss of about 1.028 billion yuan in 2024, while non-money market products lost over 1.45 billion yuan [6][9] Group 2: Management Fees and Investor Returns - Despite the significant losses, Guojin Fund collected over 200 million yuan in management fees from its public products in 2024, raising questions about the alignment of management fees with investor returns [6][9] - The two main funds contributing to the losses were Guojin Quantitative Multi-Factor and Guojin Quantitative Selection, each losing over 1.2 billion yuan [9] Group 3: Fund Performance Metrics - The Guojin Quantitative Multi-Factor A fund saw a net value decline of 3.29% in 2024, underperforming its benchmark by 9.8 percentage points [9] - Long-term performance of the Guojin Quantitative Multi-Factor A fund remains strong, with a cumulative net value increase of over 130% since its inception in 2018 [9]