首批新模式浮动管理费率基金产品上报

Core Viewpoint - The implementation of the "Action Plan for Promoting High-Quality Development of Public Funds" has led to a swift response from fund managers, with the first batch of floating management fee products submitted to the CSRC on May 16, 2023 [1] Group 1: Product Submission and Management - A total of 26 fund managers submitted products, including 21 leading managers in terms of fund management scale, 4 small and medium-sized managers, and 1 foreign-owned manager, all demonstrating strong equity management capabilities [1] - The submitted products are all market-wide stock selection funds, primarily benchmarking against mainstream broad-based indices such as CSI 300, CSI A500, CSI 500, or CSI 800 [2] Group 2: Investor-Centric Approach - The CSRC's "Action Plan" establishes a floating management fee mechanism linked to fund performance, with fee rates determined based on the fund's performance relative to a benchmark during the holding period [3] - The plan aims for leading institutions to issue at least 60% of the number of new active management equity funds compared to their existing active management equity fund issuance within a year [3] Group 3: Fee Structure and Investor Engagement - The fee structure allows for fee reductions if performance significantly lags behind the benchmark, while fees may increase slightly if performance exceeds the benchmark, with a greater emphasis on protecting investor interests [4] - Fund managers emphasize the importance of long-term investment and aim to enhance the investor experience, focusing on real performance rather than fundraising scale [4]