严控基金风格漂移！最新动作来了

Core Viewpoint - The China Securities Investment Fund Association has drafted the "Guidelines for the Management of Theme Investment Styles of Publicly Raised Securities Investment Funds" to regulate the management of theme investment funds and address issues such as style drift and high investment concentration [2][4]. Summary by Sections Guidelines Overview - The guidelines aim to standardize the management of theme investment funds, which are defined as funds investing over 80% of their non-cash assets in specific investment directions [4][5]. - The guidelines are currently open for feedback from fund managers until November 15 [2][4]. Requirements for Theme Investment Funds - Fund names must clearly indicate the investment direction and ensure alignment with actual investments [6]. - Fund contracts should specify investment direction, proportion limits, and style management standards [6][7]. - The guidelines emphasize the establishment of a style library, which should be updated at least once a year and no more than twelve times [7][9]. Investment Style Management - Fund managers are required to create a robust internal management mechanism covering product design, investment management, risk control, and compliance [10]. - There are strict requirements for monitoring investment styles, including adjustments for significant deviations from investment directions and high concentration levels [11][12]. Role of Fund Custodians - Fund custodians are tasked with overseeing the investment style management, including reviewing fund contracts and monitoring compliance with investment direction [14]. - Custodians must report to the China Securities Regulatory Commission and the fund association in cases of non-compliance or significant issues [14]. Transition Period - A 24-month transition period is provided for existing funds to adjust their contracts and prospectuses in accordance with the new guidelines [15].