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重磅!“新基金”正式开闸,26家公募名单出炉!
券商中国·2025-05-16 10:45

Core Viewpoint - The first batch of innovative floating fee rate products based on performance benchmarks has been reported by 26 fund managers, indicating a strong response to the public fund reform policy [1][3]. Group 1: Product Overview - A total of 26 fund management companies have reported new floating fee rate products, with 21 being leading managers in fund management scale or actively managed equity funds, 4 being small to medium-sized managers, and 1 being a foreign-owned manager [1][3]. - The new floating fee rate products will have a more detailed charging method, where management fees are based on each investor's holding period and annualized return during that period [3][4]. - For holdings of less than 365 days, only the basic management fee can be charged, while for holdings of 365 days or more, the management fee will be linked to the annualized return compared to the performance benchmark [3][4]. Group 2: Investor Focus - The product design emphasizes investor interests, allowing for adjustments in management fees based on performance relative to benchmarks, with a non-symmetrical design favoring investor protection [3][4]. - If performance significantly underperforms the benchmark, fees will decrease, while if performance exceeds the benchmark, fees may increase, but the increase will be less than the decrease [4]. Group 3: Future Developments - More fund managers are expected to follow suit, with a goal that leading institutions will issue at least 60% of the number of these new products compared to their actively managed equity fund issuance within a year [5]. - The new model aims to balance risk and reward between fund managers and investors, enhancing the long-term investment experience for investors [5].