浮动管理费 与您共进退 华商致远回报混合7月1日正式启航

Core Viewpoint - The Chinese public fund industry has entered a new era of deep interest alignment with investors, marked by the approval of the first batch of 26 floating management fee rate funds, including the Huashang Zhiyuan Return Mixed Fund, which will be launched on July 1 [1][5]. Fund Structure and Management Fees - The Huashang Zhiyuan Return Mixed Fund employs a floating management fee mechanism linked to the holding period and performance, enhancing investor experience [1][2]. - The fund's performance benchmark is a combination of the CSI 500 Index (65%), the CSI Hong Kong Stock Connect Composite Index (15%), and the CSI All Bond Index (20%) [2]. - Management fees are structured as follows: - 1.20% annual fee if held for less than one year - 1.50% annual fee if the annualized excess return exceeds 6% and the holding return is positive - 0.60% annual fee if the annualized excess return is -3% or lower - 1.20% annual fee for other scenarios [2][3]. Fund Management and Performance - Huashang Fund has nearly 20 years of experience in active equity investment, with its active equity funds ranking in the top ten for absolute returns over the long term [5]. - Zhang Mingxin, the fund manager, has nearly 10 years of experience in the securities industry and emphasizes a core investment philosophy based on industry trends and comprehensive value assessment [5][6]. - The fund aims to balance deep value and growth while focusing on industry recovery and marginal changes to seek alpha in upward-trending sectors [7]. Future Outlook - The launch of the Huashang Zhiyuan Return Mixed Fund provides investors with a new tool to participate in the market, aiming to create long-term excess returns and align interests with investors [7].