迈入浮动管理费率时代！首批浮动费率基金上报，这家券商资管在列

Core Viewpoint - The introduction of floating fee rate products in the public fund industry aims to align the interests of fund holders and managers, promoting long-term investment and improving operational mechanisms, thereby addressing the industry's pain point of "funds making money while investors do not" [1][7][8]. Group 1: Floating Fee Rate Products - The first batch of floating fee rate products has been officially submitted, with 26 fund managers participating, including Dongfanghong Asset Management as the only securities asset management company [1][2]. - Dongfanghong's floating fee rate product, "Dongfanghong Core Value Mixed Fund," determines management fees based on the investor's holding period and performance [2][3]. - The implementation of floating fee rates signifies a shift in the public fund industry's management fee collection model, transitioning from a focus on scale to prioritizing investor returns [3][5]. Group 2: Industry Trends and Implications - The floating fee rate mechanism is expected to enhance the alignment of interests between fund managers and investors, encouraging a focus on long-term returns and professional investment capabilities [3][7]. - The regulatory framework encourages leading institutions to issue floating fee rate funds, with a target of at least 60% of the number of actively managed equity funds within a year [2][7]. - The industry is witnessing a transformation from a "scale-oriented" approach to a "return-oriented" model, with an emphasis on quality improvement and diverse product offerings [8]. Group 3: Dongfanghong Asset Management's Position - Dongfanghong Asset Management is recognized as the largest securities asset management subsidiary in terms of equity public fund scale, managing 104.59 billion yuan across 15 floating fee rate funds [3][6]. - The company has a history of exploring floating fee rate models since 2005, indicating its proactive approach in adapting to industry changes [3][6]. - The recent appointment of Cheng Fei as the general manager is expected to further strengthen the company's position in the asset management sector [4].