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泰信基金6只“迷你基”规模告急,持有人大会将决定命运走向?
Hua Xia Shi Bao·2025-10-31 10:37

Core Viewpoint - The article highlights the challenges faced by Taixin Fund, particularly the scale crisis of several funds with net assets below 50 million yuan for over 60 consecutive working days, alongside issues of "style drift" that have led to negative ratings from professional agencies [1][2][6]. Fund Scale Challenges - Six funds under Taixin Fund are reported to have net assets below 50 million yuan, including Taixin CSI 200, Taixin Balanced Value A, Taixin Huixin Three-Month Open A, Taixin Internet + A, Taixin Advantage Growth, and Taixin Smart Growth A [2][4]. - The Taixin Advantage Leading Mixed Fund, established in September 2022, saw a net value drop of 9.63% in 2023, ranking in the top 30% of its peers, but by 2025, despite a 23.38% increase in net value, it fell to the 2979th position out of 4500 similar funds [2][3]. Regulatory Compliance and Solutions - The fund manager disclosed that the fund has been below the 50 million yuan threshold for over 60 days and has submitted a solution to the regulatory authority, which may include options like continued operation, conversion, merger with other funds, or termination of the fund contract [4][5]. - The fund management company has committed to maintaining the interests of fund holders by bearing the fixed costs associated with the affected funds [4]. Style Drift Issues - Taixin Fund's products have faced criticism for "style drift," leading to a lack of ratings from agencies like Jiaan Jinxin, which noted that significant deviations from the investment style outlined in the fund contracts could harm investors [6][8]. - For instance, the Taixin Internet + Mixed Fund, which should primarily invest in internet infrastructure, has shifted its focus to major holdings in companies like Kweichow Moutai and Agricultural Bank of China, raising concerns about adherence to its stated investment strategy [6][8]. Future Strategies - In response to the style drift concerns, Taixin Fund plans to focus on sectors that leverage modern technology and services, particularly in AI and healthcare, to align with its investment themes [9]. - The company aims to enhance its research and marketing strategies to foster sustainable growth, emphasizing the importance of matching product offerings with research capabilities rather than pursuing rapid scale expansion [10].