Core Viewpoint - The newly launched E Fund Balanced Select (025920) introduces a novel floating management fee model linked to the holding period and annualized return performance, aiming to help investors navigate market volatility through balanced investment strategies [1]. Group 1: Fund Structure and Fee Model - The fund employs a floating fee structure based on the holding period and annualized return, with three different management fee rates depending on performance: 1.5% per year for annualized returns exceeding the benchmark by over 6%, 0.6% per year for returns lagging the benchmark by 3% or more, and 1.2% per year for other scenarios [1]. - This differentiated fee structure allows investors to experience a "pay more for more earnings, pay less for less earnings" approach, fostering a shared interest between fund managers and investors [1]. Group 2: Fund Manager Profile - The proposed fund manager, Yang Jiawen, has 14 years of experience in the securities industry, with 8 years in investment, known for a balanced style and contrarian strategies [2]. - Yang manages four active equity funds, with top ten holdings concentrated between 30%-50%, indicating a broad industry coverage and balanced stock allocation [2]. - Historical performance shows that all four funds under Yang's management have outperformed their respective benchmarks, with the longest-managed fund, E Fund Keri, achieving a net value growth rate of 117.20% since December 2017, significantly surpassing the benchmark's 22.47% return [2]. Group 3: Investment Strategy - The fund will focus on balancing corporate value and growth potential, selecting high-quality targets while controlling risks to pursue sustainable excess returns [2].
以均衡投资穿越波动 易方达平衡精选（025920）首发