Core Viewpoint - The article provides an overview of the updated active fund manager pool information for the third quarter of 2025, highlighting various metrics such as investment style, stock allocation, industry preferences, turnover rates, and fund sizes. Group 1: Fund Manager Information - The article includes a detailed summary of fund managers categorized by their investment styles, such as value and growth, along with their respective fund names and codes [4][5][6]. - Key metrics for each fund manager include their experience, stock allocation percentages, and the concentration of holdings [11][12][21][22]. Group 2: Fund Characteristics - The article discusses the importance of analyzing fund characteristics such as investment style, industry preference, and stock concentration when evaluating fund performance [34][36][48][53]. - It emphasizes that different investment styles exhibit varying performance over time, with value and growth styles alternating in strength [36][48]. Group 3: Fund Performance Metrics - The article outlines critical performance metrics such as stock allocation, turnover rates, and fund sizes, which are essential for assessing fund managers' effectiveness [43][59][61]. - It notes that a higher stock allocation typically leads to greater volatility in fund performance [45]. Group 4: Fund Manager Insights - The article highlights the significance of fund managers' insights in their reports, which include reflections on past performance and future market outlooks [62][63]. - It points out that the depth and detail of these insights can vary significantly among fund managers, impacting investor understanding [63].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is soliciting opinions on the draft guidelines for the performance comparison benchmarks of publicly raised securities investment funds, emphasizing the need for custodians to strengthen their investment supervision responsibilities [1] Group 1: Custodian Responsibilities - Custodians are required to enhance their review of the investment style library of fund investment targets, ensuring that the included targets comply with the fund contract and align with the fund's investment style [1] - There is a focus on the stability of investment styles, with custodians expected to monitor and alert against risks such as thematic products deviating from their themes and non-thematic products having excessively high industry concentration [1]

Group 1 - The core viewpoint emphasizes the importance of understanding different types of funds and their risk-return characteristics to make informed investment decisions [1] - Funds can be categorized into various types such as equity funds, bond funds, money market funds, and mixed funds, each with distinct risk and return profiles [1] - Equity funds primarily invest in the stock market, offering high return potential but also higher risk due to market volatility [1] - Bond funds provide relatively stable returns with lower risk, typically featuring fixed interest rates and higher principal safety, though they are still subject to interest rate fluctuations and credit risk [1] - Money market funds are characterized by high liquidity and low risk, investing in short-term monetary instruments, resulting in stable but lower returns [1] - Mixed funds invest in multiple asset classes, balancing risk and return by adjusting asset allocation [1] Group 2 - The ability and historical performance of fund managers are crucial indicators when selecting funds, as their experience and strategies directly impact fund performance [2] - Historical performance can provide insights into a fund's behavior in different market conditions, although it does not guarantee future results [2] - Different investment styles such as value investing, growth investing, and balanced investing cater to various investor goals and risk preferences [2] - Investors should align their choices with their investment objectives and risk tolerance while understanding the fund's investment strategy and scope [2] Group 3 - Fund fees, including management fees, custody fees, and sales service fees, can significantly affect long-term investment returns, making it essential to compare fee structures [3] - Lower fund fees can lead to higher actual returns for investors under similar performance conditions, highlighting the importance of fee comparison in fund selection [3]

文 | 银行螺丝钉 （转载请注明出处） 最近，基金2024年的年报陆续更新了，也跟大家分享一下更新后的主动基金经理池信息汇总图。 方便大家一目了然的查询。 包括基金池中，基金的风格、股票比例、从业时间、 行业偏好、 换手率、重仓股估值、持股集中度、基金规模等情况。 文章主要包括两个部分： 陈皓 成长 2012 O 韩威俊 2016 O 贾健 2021 9 苗宇 2015 O 唐颐恒 2014 O 杨世进 2020 O 张峰 2009 O 代云锋 2017 ● 徐治彪 2015 （1）信息汇总长图； （2）基金定期报告如年报该怎么看。 | 深度 | 鲍无可 | 260112.OF | 景顺长城能源基建A | | --- | --- | --- | --- | | | 姜诚 | 006567.OF | 中泰星元价值优选A | | 价值 | 徐彦 | 008269.OF | 大成睿享A | | | 周云レ 何帅 | 000480.OF 519697.OF | 东方红新动力A 交银优势行业 | | | 遭配 张坤 | 005267.OF 005827.OF | 嘉实价值精选 易方达蓝筹精选 | | | 傅鰐博 | 0 ...