A股重磅：剑指基金“风格漂移”，主题投资规范性文件来了

Core Viewpoint - The rapid rotation of market sectors has led to increased attention on thematic funds, but some fund managers are shifting their strategies to popular sectors, resulting in a phenomenon known as "style drift" [1] Thematic Fund Management Guidelines - The Asset Management Association of China has drafted guidelines for thematic investment fund style management, seeking feedback from fund managers [3] - The guidelines require that the names of thematic investment funds clearly indicate their investment direction and align with the fund contract [3] Investment Direction and Style Library - The guidelines stipulate that over 80% of non-cash fund assets must be invested in securities that align with the specified investment direction [3] - Thematic funds must establish a "style library" to manage securities that fit specific investment directions, with clear standards for inclusion based on market capitalization or industry classification [5] Monitoring and Compliance - Fund managers are required to implement strict approval processes for the establishment and updates of the style library, ensuring compliance with legal and regulatory standards [7] - Fund managers must continuously monitor the investment style stability of thematic funds and make timely adjustments if there are significant deviations from the investment direction [8] Custodian Responsibilities - Custodians are tasked with establishing a supervision mechanism for thematic investment funds, ensuring clarity in the investment direction and style library standards [11] - Custodians must review the style library within five trading days of receipt and verify compliance with the fund contract [11]