信达澳亚基金：执主动投资之笔 书高质量发展新华章

Core Viewpoint - The article discusses how small and medium-sized fund companies can differentiate themselves and thrive in an increasingly competitive public fund industry, emphasizing the importance of focusing on customer needs and developing specialized investment strategies [1][2]. Group 1: Industry Trends and Strategies - The China Securities Regulatory Commission issued an action plan in May 2025 to promote high-quality development in the public fund industry, which includes support for differentiated development and specialized operations for small and medium-sized fund companies [1]. - The company aims to transition from a focus on active equity investment to a broader active investment strategy, targeting areas such as technology-driven active investments, "fixed income+" absolute return strategies, and "index+" strategies [1][3]. - The company emphasizes the need for a pragmatic approach to product development, focusing on deepening product competitiveness and ensuring that offerings align with customer asset allocation needs [2][3]. Group 2: Customer-Centric Approach - The company believes that understanding customer needs is crucial for designing financial products that truly meet their asset allocation requirements [1][2]. - The company rejects a "one-size-fits-all" mentality in product design, advocating for a tailored approach that balances product design with investment logic based on customer needs [2]. Group 3: Investment Focus - The company plans to focus on "fixed income+" and "index+" strategies to cater to diverse investor needs, particularly in a low-interest-rate environment where "fixed income+" products can provide stable returns while enhancing yield potential [4][5]. - The "index+" strategy is designed to appeal to younger investors who prefer personalized investment approaches, allowing them to invest based on specific industries or themes [5]. Group 4: Talent Development and Team Dynamics - The company recognizes that talent development is essential for success in active investment and aims to create an environment that nurtures potential talent rather than relying on mass production [6][8]. - A stable fund manager training mechanism has been established, with a focus on internal cultivation complemented by external recruitment to build a multi-tiered fund manager supply system [6][7]. - The company promotes collaboration among fund managers and researchers, ensuring that the relationships are optimized to enhance decision-making and prevent homogenization of investment strategies [7]. Group 5: Future Directions - The company plans to focus on four key areas for future development: long-term performance assessment, product design centered on customer needs, scientific and refined investment management, and strengthening customer service with professional insights [8][9]. - The company aims to establish a strong reputation for its active investment capabilities, particularly in technology investments and the performance of its "fixed income+" and "index+" products [9].