Core Insights - The core proposition of the article emphasizes the importance of enhancing investor satisfaction as a fundamental aspect of the public fund industry, especially in the context of high-quality development [2][3]. Industry Context - The public fund industry has evolved from a niche sector 20 years ago to a significant player with over 800 million investors, impacting national economic transformation and technological development [3]. - Recent years have seen widespread losses in the industry, particularly in equity funds, leading to poor customer experiences [3]. Business Philosophy - The company prioritizes customer interests above all, asserting that misalignment of this principle jeopardizes long-term sustainability [4]. - A formula for quantifying investor satisfaction is proposed: 20%-30% from active management (Alpha), 50% from macroeconomic and industry trends (Beta), and 20%-30% from investor behavior optimization (Gamma) [4]. Product Strategy - The company avoids chasing market trends and focuses on long-term asset allocation, starting with technology investments and gradually expanding into consumer, healthcare, and value investment sectors [4]. - The sales strategy includes "reverse selling," promoting equity products during market downturns and guiding clients towards fixed-income assets during market highs [5]. Performance and Assessment - The company emphasizes long-term performance metrics for fund managers, focusing on three to five-year results rather than short-term gains [5]. - The company has achieved notable performance, ranking 8th out of 166 in equity fund performance as of June 30, with a two-year average return of 18.95%, the highest among funds over 100 billion [7]. Future Outlook - The company is actively pursuing a license for advisory services and is building a team to empower wealth management institutions rather than directly targeting end clients [7]. - The introduction of a floating fee structure aligns the interests of fund managers and investors, moving away from a sole focus on relative returns [9]. - The company aims to enhance its capabilities in cross-border investments, commodity investments, and talent retention to ensure long-term value creation for investors [10][11].

Core Viewpoint - The enhancement of investor satisfaction is a fundamental issue for the public fund industry, which is crucial for the long-term brand building of asset management companies [3][4][16]. Group 1: Investor Satisfaction - Investor satisfaction is the foundation of the fund industry and the core of asset management companies' long-term brand building [3]. - The industry has historically paid insufficient attention to investor satisfaction under the traditional relative return evaluation system, but this is changing with the implementation of the "Action Plan for Promoting the High-Quality Development of Public Funds" [4]. Group 2: Balancing Interests - The relationship between commercial interests and client interests is interdependent, akin to "fish and water," where the absence of investors would eliminate the platform and opportunities for managers [6]. - Ensuring client interests requires a combination of management capabilities and rigid mechanisms, rather than merely adjusting product strategies or service models [6]. Group 3: Investment Philosophy - The core of absolute return philosophy is to balance risk and return, focusing on investment win rates and stable returns [9]. - The asset management industry's primary function is to achieve asset preservation and appreciation through professional management, with absolute return assets directly reflecting this function [9]. Group 4: Professional Management - West China Fund emphasizes absolute return orientation, which aligns with matching client needs and being responsible for client trust [11]. - The sales process in the fund industry is ongoing, where the moment of purchase marks the beginning of service, necessitating professional guidance to help investors establish rational investment perspectives [11]. Group 5: Long-term Vision - The industry should integrate long-termism into daily operations, even at the cost of short-term scale expansion opportunities, as demonstrated by West China Fund's decision to limit purchases during high market sentiment [12]. - The regulatory framework aims to guide the industry towards a scientific, long-term, and professional development model [14]. Group 6: Institutional Development - The establishment of a first-class institution requires a correct understanding of the industry's development rules and cycles, along with the use of financial technology and robust risk management systems [14]. - Continuous diligence and review are essential for achieving excellence in asset management and research teams, emphasizing that investment is not merely a numerical transaction but also involves historical analysis and philosophical depth [14][16].

Core Viewpoint - 华夏基金 has launched the "Investment Satisfaction Evaluation Model" and the "Red Rocket LetfGo" service, aiming to enhance asset allocation for investors in a complex market environment [1][2] Group 1: Investment Strategy and Product Development - The company emphasizes the importance of asset allocation as a bridge between high-quality industry development and investor satisfaction, offering a diverse range of products to facilitate low-cost cross-asset and cross-cycle portfolio construction [1] - The "Red Rocket LetfGo" service transforms the company's asset allocation capabilities into easily accessible and understandable solutions for investors [1] - The ETF market has seen significant growth, surpassing 4 trillion yuan in total scale and entering the "thousand product era," which supports robust asset allocation [1] Group 2: User Experience and Service Enhancement - The upgraded "Red Rocket 2.0" version includes web services and new features like "LetfGo" and "Industry Data," focusing on broader coverage, deeper data, and better allocation to enhance investor satisfaction [1] - "LetfGo" is designed as a "new toy" for users to manage assets effectively, featuring three main functionalities: multi-asset centralized management, historical backtesting, and strategy templates [2] - The continuous evolution of the "Red Rocket" service aims to establish it as a reliable partner for investors, reinforcing its mission to make index investment accessible to everyone [2]

Group 1 - The core viewpoint of the articles is that Huaxia Fund has launched an innovative "Investment Satisfaction Evaluation Model" to enhance investor satisfaction and adapt to the evolving asset allocation era [2][3] - Huaxia Fund emphasizes the importance of real returns for investors as a standard for high-quality development, aiming to create a seamless investment experience through professional services and diverse product offerings [2] - The company has established an Investor Return Research Center to analyze customer feedback and trading data, which supports the development of the "Investment Satisfaction Evaluation Model" [2] Group 2 - The ETF market in China has reached a significant milestone, surpassing 4 trillion yuan in total scale and entering the "thousand product era," indicating rapid growth and providing strong support for asset allocation [4] - Huaxia Fund has upgraded its "Red Rocket 2.0" platform, which includes new services like "LetfGo" and "Industry Data," focusing on improved user experience and practical asset allocation features [4] - Dr. Chen Peng, a senior strategic advisor, highlighted that long-term returns for fund investors primarily come from market returns (Beta), and diversification is the only "free lunch" in investing, while also introducing the concept of "Gamma" to address behavioral inefficiencies [4]

Core Insights - The core theme of the conference is to enhance the sense of gain for index fund investors, emphasizing a people-centered approach in capital market reforms and development [2][3]. Group 1: Investment Strategy and Services - The company proposes a "co-constructed scenario-based sense of gain ecosystem" to tailor investment solutions based on specific family needs and reasonable annualized expectations of certain indices [1][11]. - The focus is on multi-asset allocation to effectively control risks while meeting long-term wealth planning goals for families [1][11]. - Index funds are positioned not just as trading tools but as essential vehicles for asset allocation and wealth management [1][11]. Group 2: Research and Insights - The company has conducted extensive research, including surveys of over 70,000 clients and more than 30 in-depth interviews, to understand factors influencing investor satisfaction [4][5]. - A quantitative evaluation system has been developed to measure and track investor satisfaction, utilizing machine learning to identify key factors affecting this sense of gain [5][6]. - Findings indicate that index investors generally experience higher satisfaction levels compared to non-index investors, particularly those engaging in multi-asset allocations [6][10]. Group 3: Client Engagement and Education - The company emphasizes the importance of guiding investors to avoid irrational behaviors during market fluctuations, providing real-time market analysis and investment advice [1][3]. - A variety of investment strategies are recommended, including multi-asset allocation and core-satellite index investing, to match clients' risk preferences and investment goals [9][10]. - The development of the "Red Rocket" service aims to enhance client engagement and facilitate better access to investment solutions [11]. Group 4: Future Directions - The company aims to create a closed-loop ecosystem that connects insights and empowerment to enhance the tangible sense of gain for investors [11]. - Continuous efforts will be made to refine the evaluation model and improve the overall investment experience for clients [8][11].

Group 1 - The core viewpoint of the articles highlights the rapid development and high-quality growth of China's public fund industry, with total assets exceeding 33 trillion yuan, reflecting the increasing demand for wealth management among residents and the effectiveness of capital market reforms [1][3][6] - The launch of the "Investment Satisfaction Evaluation Model" by Huaxia Fund aims to enhance investor satisfaction and is based on extensive research, including over 70,000 customer questionnaires and 100,000 community comments [3][4] - Huaxia Fund emphasizes the importance of asset allocation in connecting high-quality industry development with investor satisfaction, introducing a multi-asset platform and the "LetfGo" service to facilitate low-cost investment solutions for ordinary investors [2][4] Group 2 - The ETF market in China has also seen significant growth, surpassing 4 trillion yuan in total assets, with the number of products entering the "thousand" era, providing strong support for asset allocation [4][6] - Huaxia Fund's "Red Rocket 2.0" service upgrade focuses on broader coverage, deeper data, and better asset allocation, aiming to enhance the investment experience for users [4][6] - The company is committed to providing comprehensive wealth management solutions and enhancing investor satisfaction through innovative service upgrades and professional responsibility [6][7]

伴随中国资本市场的快速发展，我国公募基金行业迎来高质量发展的里程碑之年。公募基金总规模年内再创新高，突破33万亿元。行业规 模节节攀升的背后，一方面反映出居民财富管理需求持续增长，公募基金凭借专业管理、透明运作等优势，成为居民财富配置的重要渠 道；另一方面亦体现出资本市场改革发展成效显现，市场生态持续优化，公募行业成为资管行业的中坚力量。面向绘就行业高质量发展蓝 图，增强投资者获得感的新征程，华 夏基金于6月28日 在京举办 " 2025 • 一年一度指数大会 " ，推出业内首创的 " 投资获得感评价模 型 " ，并重磅 发布"红色火箭LetfGo" 。 华夏基金总经理李一梅在开场致辞中表示，以客户为中心，是华夏基金刻入企业基因的承诺。面对高质量发展的时代考验，李一梅强 调，"衡量高质量发展的黄金标准是投资者获得的真实收益，是穿越市场波动时的从容心态，是每一次服务中感受到的专业与温度，也就是 投资者的获得感"。为切实提升投资者的获得感，华夏基金设立投资者回报研究中心，并通过深入的客户调研和海量的交易数据分析，构建 了业内首个"投资获得感评价模型"。 李一梅强调公募基金已经迈入资产配置时代，面对充满变数的投资市 ...

Core Viewpoint - The annual index conference of Huaxia Fund highlighted the significant growth of public funds in China, emphasizing the importance of asset allocation to enhance investor satisfaction and experience [1][2][3]. Group 1: Industry Overview - The public fund management scale has surpassed 33 trillion yuan, with over 1.6 billion effective accounts and more than 12,000 products available [1][2]. - The release of the "Public Fund High-Quality Development Action Plan" has established "investor best interests" as the core principle of the industry [2]. Group 2: Investor Experience - Enhancing investor satisfaction is crucial, and asset allocation is identified as a key factor in achieving this goal [3]. - The challenge has evolved from merely selecting products to effectively allocating multiple assets in a complex investment environment [3]. Group 3: Asset Allocation Strategy - Huaxia Fund aims to create a multi-asset platform using a "Lego thinking" approach, allowing investors to easily construct diversified portfolios [4]. - The company has over 479 products, including 104 listed ETFs, which provide low-cost and transparent investment options for ordinary investors [4]. Group 4: Future Developments - Huaxia Fund is set to launch a one-stop index service platform called "Red Rocket," designed to simplify asset allocation and enhance investor accessibility to professional solutions [5]. - The company is committed to providing better wealth solutions and easier implementation paths for investors based on its decade-long experience in asset allocation [5].

Core Viewpoint - The article emphasizes the importance of enhancing investor satisfaction as a strategic focus for the mutual fund industry, particularly in the context of the ongoing transformation towards high-quality development in 2025 [1][5][16]. Group 1: Strategic Shift in the Industry - The mutual fund industry is transitioning from a "product-driven" approach to a "demand-driven" model, focusing on the real needs of investors [5][7]. - Enhancing "investor satisfaction" is crucial for measuring service quality and building long-term brand value for fund companies [5][7]. Group 2: Client-Centric Business Model - The company prioritizes client interests as the core of all business activities, aiming to create value and ensure stable asset growth for clients [7][14]. - The company implements a three-pronged mechanism to uphold this principle: product innovation, long-term performance assessment, and a focus on investor protection [7][8][14]. Group 3: Product and Service Innovation - The company is committed to developing innovative products that cater to long-term investment needs, including low-volatility and asset allocation products [8][14]. - A diverse product matrix is essential for meeting the varied demands of investors, covering different asset classes and investment strategies [10][11]. Group 4: Research and Technology Integration - The company aims to strengthen its investment research capabilities by establishing a specialized, integrated research system that enhances decision-making and investment performance [13][14]. - Utilizing technology and data analysis, the company seeks to create a comprehensive view of investors to facilitate precise matching of products to their needs [10][11]. Group 5: Collaborative Industry Development - The article calls for a collaborative effort among regulatory bodies, industry associations, and fund companies to achieve high-quality development and enhance investor satisfaction [16][17]. - The focus should be on establishing a regulatory framework, promoting self-discipline within the industry, and ensuring that client interests are integrated into all aspects of fund management [16][17].

编者按：2025年是公募基金行业高质量发展的关键年。随着《推动公募基金高质量发展行动方案》全面 实施，行业生态正经历系统性重塑。值此之际，新浪财经特别策划《让投资有温度——对话掌门人》栏 目，特邀行业杰出领军人物分享提升基民获得感、推动行业高质量发展的切身感悟与实践路径。 理 2025年，公募基金行业迎来高质量发展的关键节点，《推动公募基金高质量发展行动方案》的全面落 地，为行业注入变革动力。在此背景下，增强投资者获得感成为行业健康发展的基石，亦是中信建投基 金矢志不渝的核心追求。 一、洞察投资者获得感的深远战略意义与品牌价值 中国证监会发布的《推动公募基金高质量发展行动方案》，聚焦管理人与投资者的利益绑定，引领行业 从"规模至上"迈向"回报优先"的转型之路。"投资者获得感"于中信建投基金而言，是实现差异化竞争与 可持续发展的关键引擎，更是重塑行业生态、破除短期功利导向的核心要素。对于规模相对较小的中信 建投基金，我们深知唯有凭借卓越的客户体验，方能在激烈的市场竞争中脱颖而出，树立起鲜明的品牌 形象，积累良好的口碑。唯有投资者切实从投资中获益，行业方能构建良性循环，吸引长期资金持续涌 入。例如，在固定收益产品 ...