明基准 强管理 定风格 基金的“锚”更清晰了

Core Viewpoint - The China Securities Investment Fund Industry Association has drafted the "Guidelines for the Management of Theme Investment Style of Publicly Raised Securities Investment Funds (Draft for Comments)" to standardize the management of theme investment funds and promote high-quality development in the public fund industry [1][6]. Summary by Sections Theme Investment Fund Naming and Style Library - The guidelines require theme investment funds to have clear and consistent naming that reflects their investment direction, avoiding misleading terms [1][2]. - A style library must be established for theme investment funds, with entry standards directly related to the investment direction, prioritizing data from authoritative institutions [2]. Investment Management and Concentration - Theme investment funds should adhere to principles of portfolio management, diversification, and long-term investment, with internal management systems to control investment concentration [2][3]. - Fund managers must continuously track and assess the stability of the investment style and make timely adjustments if there are significant deviations [3]. Responsibilities of Fund Managers and Custodians - Fund managers are required to establish comprehensive internal management mechanisms covering product design, investment management, risk control, and compliance [3]. - Custodians must enhance their supervisory functions, ensuring clarity and accuracy in the investment direction and style library standards [4]. Performance Benchmark Reform - Recent reforms targeting the performance benchmarks of public funds aim to address industry issues, emphasizing the importance of stable investment styles and internal control mechanisms [5]. - The performance benchmark library includes 69 major indices and 72 additional indices, promoting standardized selection and usage to improve comparability among products [5]. Overall Impact on the Industry - The issuance of these guidelines is expected to regulate the management of theme investment funds, curb disorderly development of single-track funds, and enhance the clarity and stability of investment directions in the public fund industry [6].