绩差基金密集清盘 公募加速“断舍离”

Group 1 - The core viewpoint of the article highlights that the number of fund liquidations in 2023 has reached 274, marking the second-highest peak since 2018, only behind last year's 293 liquidations [2][8] - The article notes that the increase in fund liquidations is occurring despite an anticipated overall recovery in the A-share market by 2025, indicating persistent challenges in the fund industry [2][9] - A significant rise in the liquidation of money market funds and FOFs (funds of funds) has been observed this year, with 11 and 35 funds respectively, the latter reaching a record high since their introduction [9][10] Group 2 - The reasons for fund liquidations primarily include small fund sizes triggering mini-fund liquidation conditions and underperformance against benchmarks, with three out of four recently liquidated funds failing to meet asset value thresholds [5][6] - The performance of the liquidated funds has been poor, with some funds experiencing significant losses compared to their benchmarks, such as the Changjiang Era Select Mixed Fund, which lost 34% against a benchmark return of 23.97% [6][10] - The article discusses the intensified competition in the public fund industry, leading companies to focus resources on more competitive core products rather than maintaining underperforming "mini funds" [6][9]