公募基金改革再“落子”，基金业绩或将告别“盲盒”时代！

Group 1 - The phenomenon of style drift in A-share market is prevalent, where funds claiming to focus on consumer themes are heavily investing in technology stocks, leading to confusion regarding their actual investment strategies [1] - A specific mixed strategy fund has changed managers six times in nine years, resulting in inconsistent investment styles and poor performance during critical market events [1] - As of October 31, 2023, 63.46% of actively managed equity funds have underperformed their benchmarks over the last three years, indicating a significant issue within the fund management industry [2] Group 2 - The China Securities Regulatory Commission (CSRC) has released a draft guideline emphasizing the importance of performance benchmarks in mutual funds, stating that benchmarks should reflect the product's positioning and investment style [3] - The new regulations aim to prevent funds from changing their benchmarks arbitrarily due to manager changes or short-term market fluctuations, promoting more stable investment strategies [4] - As of October 31, 2023, 183 funds have announced changes to their performance benchmarks this year, a notable increase from 144 in the same period last year, indicating a proactive approach to comply with upcoming regulations [4] Group 3 - The selection of performance benchmarks is now strictly regulated, requiring strategy funds to use corresponding strategy indices, which aims to enhance accountability in fund management [5][6] - Funds without a clear thematic focus have more lenient requirements, but investors are advised to pay close attention to fund managers' styles and past performance when selecting these funds [7] Group 4 - Index funds are considered a safer investment option for ordinary investors due to their lower susceptibility to manager biases and more precise industry positioning [10] - Historical data shows that actively managed funds often underperform index funds over the long term, suggesting that index funds may be a more reliable choice for wealth accumulation [11]