Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a draft guideline for the performance comparison benchmarks of publicly raised securities investment funds, emphasizing the need for fund managers to enhance the stability of investment styles and monitor deviations from performance benchmarks [1] Group 1: Guidelines for Fund Managers - Fund managers are required to strengthen the management of the stability of fund investment styles [1] - An independent department, separate from the investment management team, should monitor the actual investment and deviations from performance benchmarks to prevent style drift [1] - Fund managers must set differentiated monitoring indicators and thresholds for investment deviations based on product type, investment objectives, and strategies [1] Group 2: Response to Deviation Indicators - If deviation indicators trigger a warning, fund managers are expected to make adjustments within a specified timeframe or seek review from the investment decision committee [1] - The investment decision committee should prioritize the protection of fund shareholders' interests when deciding on breaches of threshold indicators [1] - The committee is required to analyze fund investment deviations at least quarterly and maintain proper records of the analysis reports for future reference [1]