以均衡投资穿越波动 易方达平衡精选首发

Core Viewpoint - The launch of the new floating fee rate fund, E Fund Balanced Select (025920), introduces a management fee model linked to the holding period and annualized return, aiming to enhance investor experience and promote long-term investment [1][2]. Group 1: Fund Structure and Fee Model - E Fund Balanced Select (025920) employs a unique floating management fee structure based on the holding period and annualized return, with three different fee rates depending on performance relative to a benchmark [1]. - If the holding period exceeds one year and the annualized return exceeds the benchmark by more than 6%, the management fee is set at 1.5% per year; if the return lags the benchmark by 3% or more, the fee drops to 0.6% per year; in other scenarios, the fee is 1.2% per year [1]. Group 2: Fund Manager Profile - The fund manager, Yang Jiawen, has 14 years of experience in the securities industry, with 8 years specifically in investment, known for a balanced style and contrarian strategy [2]. - Yang manages four active equity funds, with a low concentration in top holdings (30%-50%), indicating a broad industry coverage and balanced stock allocation [2]. Group 3: Historical Performance - Historical performance of Yang's managed funds shows consistent outperformance against benchmarks, with E Fund Keri achieving a net value growth rate of 117.20% since December 2017, significantly exceeding the benchmark return of 22.47% [2]. - The annualized return for E Fund Keri is reported at 10.16%, with an annualized volatility of 16.73%, indicating a stable risk-return profile [2][3]. Group 4: Investment Strategy - The fund will focus on balancing corporate value and growth potential, selecting high-quality targets while managing risks to pursue sustainable excess returns [2].