基金公司掀起“自购潮” 年内自购8400次!“硬核”绑定或将上演
Sou Hu Cai Jing·2025-12-09 00:27

Group 1 - A total of 136 public fund companies have initiated self-purchases this year, with a cumulative self-purchase frequency of 8,400 times as of December 7 [1] - The net subscription amounts for different types of funds this year include 2.262 billion for equity funds, 1.954 billion for mixed funds, and 4.212 billion for bond funds [1] - Notable net subscription amounts from various companies include 4.694 billion from China Merchants Securities Asset Management, 2.774 billion from Invesco Great Wall Fund, and 1.701 billion from ICBC Credit Suisse Fund [1] Group 2 - The recently issued "Guidelines for Performance Evaluation Management of Fund Management Companies (Draft for Comments)" emphasizes "performance compensation holding basis," which includes self-purchase and co-investment behaviors [2] - Senior management and key department heads of fund management companies are required to use at least 30% of their annual performance compensation to purchase public funds managed by their company, with at least 60% of that in equity funds [1][2] - Fund managers must allocate at least 40% of their annual performance compensation to purchase public funds they manage [1][2] Group 3 - Industry insiders believe that the self-purchase volume of fund companies is expected to continue increasing, particularly for equity funds, driven by the new guidelines [2] - Self-purchasing by fund companies can convey confidence in their investment management capabilities and product value, helping to stabilize investor expectations and enhance holding confidence [2] - Binding interests with investors through self-purchases can motivate research and investment teams to focus more on long-term performance [2]