探索基金经理团队制 睿远基金推出新品

Core Viewpoint - The issuance of the Ruiyuan Research Balanced Three-Year Holding Mixed Fund reflects the company's commitment to exploring a team-based fund management model and a cautious approach to fund establishment [1][2]. Fund Structure and Management - The Ruiyuan Research Balanced Three-Year Holding Mixed Fund is a mixed equity fund primarily investing in A-shares and Hong Kong stocks, with an equity asset investment ratio of 60%-95%, and a maximum of 50% of equity assets in Hong Kong Stock Connect targets [2]. - The fund will adopt an active management philosophy, focusing on identifying value investment targets with competitive advantages across various industries, aiming for long-term stable asset appreciation and excess returns beyond performance benchmarks [2][3]. - The fund will be managed by a team of three fund managers, who will collaborate through a cooperative mechanism and manage their respective units independently, with performance based on the aggregate contributions of each manager [2][7]. Fee Structure - The fund employs a floating management fee model, with fees determined based on the holding period and annualized return of each fund share, categorized into three tiers depending on performance relative to benchmarks [3]. Strategic Rationale - The exploration of the team-based fund management model aligns with regulatory guidance aimed at enhancing core investment research capabilities and supporting diversified management strategies [4][6]. - The fund's management team believes that a multi-manager approach can reduce risk and enhance returns by leveraging diverse investment styles and expertise [5][8]. Historical Context and Future Direction - The team-based management model has been successfully implemented by firms like Capital Group, which utilizes a multi-advisor system to achieve superior long-term investment performance [7]. - The Ruiyuan Research Balanced Fund represents a significant step in the company's ongoing exploration of this management model, with a focus on continuous improvement and adaptation based on operational experiences [8].