未来，买基金要用好这把“尺”

Core Viewpoint - The new regulations aim to enhance the effectiveness of performance benchmarks in mutual funds, addressing issues such as vague benchmarks, style drift, and misleading fund representations [1][2]. Group 1: Regulatory Changes - The new rules require performance benchmarks to accurately reflect the product's positioning and investment style, prohibiting arbitrary changes [2]. - Fund managers' compensation and performance evaluations will be linked to these benchmarks, ensuring alignment with actual fund performance and investor returns [2]. - A comprehensive supervision mechanism will be established to oversee the setting, usage, and adjustment of performance benchmarks, ensuring accountability at all decision-making levels [2]. Group 2: Industry Impact - The mutual fund industry, with over 10,000 existing public funds, will benefit from clearer, more stable, and objective performance evaluations, reducing the likelihood of misleading fund offerings [2][3]. - The shift from a focus on market ranking to a more structured evaluation will help mitigate issues related to chasing market trends and high turnover rates, improving the overall investment experience [2][3]. - The regulatory changes are expected to lead to a new phase characterized by clear benchmarks, scientific assessments, and effective supervision, ultimately enhancing the industry's core competitiveness and fostering a healthier investment environment [3].