新型浮费基金中欧大盘智选混合发起式获批

Core Viewpoint - The approval of the first batch of floating management fee rate funds, including the China Europe Large Cap Select Mixed Fund, represents a significant step in the reform of public fund fee structures, aiming to align fund management fees with fund performance and enhance investor returns [1][4]. Group 1: Floating Management Fee Rate Fund - The new floating management fee model links management fees to fund performance, addressing the long-standing issue of "funds making money while investors do not" [1][2]. - The reform emphasizes the role of performance benchmarks, ensuring that fund investment styles remain consistent and transparent, thus enhancing investor trust [2][3]. - The China Europe Large Cap Select Mixed Fund is the only initiator fund among the first batch, requiring a minimum subscription of 10 million yuan and a holding period of at least three years, reinforcing the principle of shared risks and benefits between fund managers and investors [1][4]. Group 2: Industry Reform and Investor Protection - The reform marks a new phase in public fund fee structures, transitioning from fixed fee models to more flexible floating fee products, which are expected to provide investors with more choices [4][6]. - The new fee structure aims to bind the interests of fund managers and investors more closely, encouraging fund managers to enhance their active management capabilities while focusing on risk management [2][3]. - The initiative is part of a broader strategy to improve the quality of public funds, ensuring that investor interests are prioritized and fostering a positive interaction between fund managers and investors [2][6]. Group 3: Future Outlook and Industry Development - The China Securities Regulatory Commission aims to have at least 60% of newly issued active equity funds be floating fee products within a year, indicating a strong push towards this new fee structure [4][6]. - The floating fee model is expected to enhance the transparency of fund investments and stabilize market investment styles, addressing issues like "style drift" and "misalignment" that have plagued the industry [3][4]. - China Europe Fund is committed to improving its core investment research capabilities and transitioning to a more industrialized production model, focusing on delivering clearer, more stable investment products [7].