Workflow
β+α收益
icon
Search documents
嘉实基金张之、李涛:伴成长而舞 与投资者共赢
Core Viewpoint - The article discusses the innovative design and strategy behind the "Jia Shi Growth Win" floating fee rate fund, which aims to achieve both market returns (β) and excess returns (α) by anchoring to the CSI 800 Growth Index, covering sectors like technology, high-end manufacturing, and biomedicine [1][2]. Group 1: Fund Design and Fee Structure - The floating fee rate fund is designed to align the interests of investors and the fund manager, with fees adjusting based on individual investor performance, creating a "one size fits one" approach [1][2]. - The management fee structure is tiered based on the holding period and performance relative to the benchmark, with a standard fee of 1.2% for holdings under one year, and three tiers for longer holdings based on performance [2]. - The upward fee adjustment conditions are stricter than downward adjustments, emphasizing investor protection [2]. Group 2: Investment Strategy and Manager Profile - The fund manager, Li Tao, is recognized for his strong performance, having achieved a total return of 35% since the fund's inception, significantly outperforming the benchmark [3]. - Li Tao's investment strategy focuses on identifying leading companies in high-growth sectors and dynamically adjusting the portfolio to mitigate risks associated with overexposure to any single sector [3][4]. - The fund's strategy emphasizes a diversified approach across multiple sectors, including technology and high-end manufacturing, to capture various growth opportunities [3][4].