Core Viewpoint - The reform of public fund performance comparison benchmarks is rapidly advancing, with the introduction of a standardized benchmark element library consisting of 141 indices aimed at addressing issues like "style drift" and providing a unified reference for the industry [1][9][11] Summary by Sections Benchmark Element Library - The newly established benchmark element library includes 141 indices, categorized into "Category One" (69 indices) and "Category Two" (72 indices), with a dynamic adjustment mechanism in place [1][3] - Category One serves as a "preferred library" with high recognition indices, while Category Two acts as an "innovation library" to ensure diversity and innovation [3][4] Entry Standards - The entry standards for the indices are set with clear thresholds: Category Two indices must have an average daily free float market value of at least 500 billion, while Category One indices require a minimum of 1 trillion [3][4] Implementation and Transition - Fund companies are currently reassessing their performance comparison benchmarks, with new products expected to adapt quickly, while older products may have a one-year buffer period for adjustments [2][5][6] - The implementation of the new guidelines is anticipated to lead to a systematic review and adjustment of benchmarks across the industry [5][6] Industry Impact - The standardization of performance comparison benchmarks is expected to reshape the industry ecosystem, enhancing product transparency, comparability, and investor protection [9][11] - Long-term, this reform is projected to clarify product positioning, stabilize investment behavior, and transform assessment mechanisms from short-term rankings to long-term excess return stability [11]
告别风格漂移,公募基金业绩比较基准要素库迎141只指数入库
2 1 Shi Ji Jing Ji Bao Dao·2025-11-05 14:51