交银施罗德基金董事长张宏良：卸下“超能力”的包袱，共建共生方能行稳致远

Core Viewpoint - The introduction of the new floating fee rate funds marks a significant shift in the fund industry, moving from a guaranteed profit model to one that aligns the interests of fund companies and investors, emphasizing the need for improved investor experience and satisfaction [1][2]. Group 1: Background and Challenges - The creation of these new products stems from the CSRC's action plan aimed at promoting high-quality development in the public fund industry, which emphasizes long-term assessments and incentives for fund companies [1]. - The fund industry faces a "triple dilemma" characterized by a one-dimensional investment logic, where fund companies, investors, and sales channels are caught in a cycle of unrealistic expectations and reactive behaviors, leading to a loss of trust and credibility [3][5]. Group 2: Strategic Directions - Fund companies must deeply study the 25 measures outlined in the action plan and approach the reform from a strategic perspective, focusing on both internal capabilities and external market dynamics [2][7]. - The transformation of product classification logic is essential, shifting from a focus solely on asset composition to incorporating investor risk preferences, thereby enhancing the alignment of products with investor needs [12][16]. Group 3: Internal Reforms and Initiatives - The company is committed to enhancing its asset management capabilities while also focusing on rebuilding the wealth management ecosystem, ensuring that both asset and liability sides work in tandem [7][9]. - Specific initiatives include improving platform capabilities, refining product offerings based on risk preferences, and implementing a floating fee mechanism to better align the interests of fund managers and investors [15][16][17].