从“随意设定”走向“标准化管理”！公募业绩比较基准要素库正式出炉

Core Viewpoint - The establishment of the public fund performance benchmark element library marks a significant step in the reform of the public fund industry in China, aiming to standardize the selection and use of performance benchmarks, thereby protecting investors' rights and interests [2][11]. Group 1: Benchmark Element Library Release - The China Securities Investment Fund Association (CSIFA) has officially released the public fund performance benchmark element library, which includes 155 indices, an increase of 14 indices from the previous draft [1][14]. - The release follows the publication of guidelines and operational details for public fund performance benchmarks, indicating a move towards a more standardized management approach [2][11]. Group 2: Structure of the Benchmark Library - The benchmark library consists of two categories: Category One includes 82 indices that are highly representative and widely recognized, while Category Two includes 73 indices that offer innovation and differentiation [12][13]. - The indices in Category One are intended to encourage fund managers to select and use benchmarks in a standardized manner, enhancing comparability among fund performances [12][11]. Group 3: Adjustments and Requirements - Compared to the draft, the final version of the benchmark library has increased the average daily free float market value requirements for indices, with Category One requiring a minimum of 12 trillion yuan and Category Two requiring 8 trillion yuan [15]. - New thematic indices covering sectors such as manufacturing and green low-carbon have been added to Category One, expanding the scope of the benchmarks [16]. Group 4: Future Maintenance and Evaluation - The CSIFA plans to establish an expert group to oversee the dynamic maintenance of the benchmark library, with evaluations conducted quarterly for the entry and exit of benchmark elements [13][14]. - Adjustments between the two categories will be made based on expert evaluations, ensuring that the benchmarks remain relevant and effective [13].