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, prompting the drafting of guidelines to regulate their investment styles and ensure compliance with stated objectives [1][2]. Group 1: Thematic Fund Management Guidelines - The guidelines require thematic funds to clearly indicate their investment direction in their names, ensuring consistency with the fund contract [2]. - Fund managers must allocate over 80% of non-cash assets to specific investment directions and define investment styles and standards in a quantifiable manner [2][3]. - Thematic funds are mandated to establish a "style library" to manage securities that align with their specific investment directions [3]. Group 2: Style Library and Investment Standards - The style library must include securities based on specific market capitalization or industry classifications from reputable third-party sources [3]. - The frequency of updates to the style library should be at least once a year, with a maximum of twelve updates, considering market fluctuations and other relevant factors [4]. - Fund managers are required to implement strict approval processes for securities entering or exiting the style library, ensuring compliance with legal and contractual obligations [5][6]. Group 3: Monitoring and Compliance - Fund managers must enhance monitoring of investment behaviors and ensure the independence of research and compliance personnel [6]. - Any significant deviations from the investment direction must be promptly addressed, and fund managers are responsible for timely updates to the style library [6][7]. - Fund custodians are tasked with supervising the style library and ensuring that the investment direction and standards are clearly defined and adhered to [8].