Group 1 - The core viewpoint of the news is that the new regulations on public fund sales fees are expected to benefit bond ETFs and index funds, marking the completion of the public fund fee reform process [1][2] - The China Securities Regulatory Commission (CSRC) is soliciting opinions on the draft regulations, with a feedback deadline of October 5, 2023, indicating a significant regulatory shift [1] - The main controversy in the new regulations revolves around the redemption fees, which are designed to encourage long-term holding of funds [1] Group 2 - Under the new regulations, the Guokai Bond ETF (159651) is positioned as a short-duration cash management tool with a current duration of 1.75 years and a static yield of 1.65% [2] - The Guokai Bond ETF has benefited from the bond bull market in 2024, with an annual return of 3.28%, outperforming similar short-term bond ETFs by over 1.05% [2] - The Guokai Bond ETF closely tracks the China Bond - 0-3 Year Guokai Bank Bond Index, which includes policy bank bonds with a maturity of up to 3 years [2]
公募资管新规征求意见稿超预期，利好国开债券ETF（159651）
Sou Hu Cai Jing·2025-09-12 06:47