基金投顾业务

Search documents
益民基金《推动公募基金高质量发展行动方案》解读:政策东风至,投顾启新程
Xin Lang Ji Jin· 2025-10-09 02:19
专题:北京公募基金高质量发展系列活动 新时代、新基金、新价值 2025年5月7日,中国证监会正式发布《推动公募基金高质量发展行动方案》(以下简称《行动方 案》),为我国公募基金行业划定了"提质增效"的新航向。作为深耕行业的基金管理人,我们深知这一 政策不仅是行业发展的"指挥棒",更是守护投资者利益、适配居民财富管理升级需求的"定心丸"。其 中,基金投资顾问(以下简称"基金投顾")业务的发展方向更加清晰,标志着行业正加速从"销售导 向"迈向"服务导向"的关键转型。今天,我们就从专业视角拆解政策核心,与投资者共探财富管理的新 机遇。 一、政策锚定规范化:投顾服务将有"硬标准" 居民财富管理需求的多元化,是行业发展的核心驱动力。《行动方案》鼓励基金公司推出更多适配不同 需求的产品与服务,尤其支持指数基金、含权中低波动型产品、资产配置型产品的创设——这为投顾服 务提供了更丰富的"底层工具箱"。 《行动方案》明确提出"出台《公开募集证券投资基金投资顾问业务管理规定》",这一举措为基金投顾 业务搭建了清晰的制度框架。对于基金管理人而言,这意味着服务标准、准入门槛、监管要求将全面细 化,投顾服务将实现"有章可循、有规可依" ...
下周有两个王炸
表舅是养基大户· 2025-09-14 13:34
Group 1 - The Federal Reserve is expected to announce a rate cut of either 25bps or 50bps next Thursday, with a higher likelihood of a 25bps cut based on recent economic data indicating "controllable inflation and cooling employment" [5][10][11] - The yield on 2-year U.S. Treasury bonds has declined to around 3.5% in anticipation of the rate cuts, reflecting a broader downward trend in global bond yields [6][10] - The upcoming U.S.-China economic talks are expected to address key issues, including TikTok, and may influence market reactions to the Fed's decision [16][19] Group 2 - The latest fund holding data shows Ant Group and China Merchants Bank leading in public fund holdings, with significant growth in their equity fund scales [19][22] - The automotive industry is facing a potential "clearing out" phase as the eight ministries released a plan aimed at promoting high-quality development, indicating a challenging environment for automakers [28] - The trend of bond fund managers transitioning to equity research roles reflects a shift in the investment landscape, driven by declining yields in fixed income [12][15]
多家千亿公募基金关停APP
2 1 Shi Ji Jing Ji Bao Dao· 2025-08-12 07:40
Core Viewpoint - The decision by Ping An Fund to suspend its APP operations has sparked significant market attention, indicating a potential shift in the public fund distribution strategy within the industry [1][3]. Group 1: Company Actions - Ping An Fund announced the suspension of its APP operations effective August 31, 2025, with functionalities being integrated into its official website and WeChat account [1]. - Other public funds, including Guoshou Anbao Fund and Qianhai Kaiyuan Fund, have also closed their APPs this year, reflecting a broader trend among mid-sized public funds [3][7]. - The operational costs of maintaining a fund APP are high, with estimates suggesting a minimum annual cost of over 2 million yuan, leading to many funds exiting the APP market [8][11]. Group 2: Industry Trends - The trend of shutting down APPs is not limited to smaller funds; it has now reached mid-sized funds with over 100 billion yuan in assets under management [6][7]. - Despite some funds exiting the APP space, leading firms are investing in enhancing their APP services, indicating a bifurcation in the market where larger firms continue to pursue digital engagement [3][10]. - The overall user engagement on APPs from leading funds remains lower compared to third-party platforms, highlighting a significant gap in user acquisition and retention [3][11]. Group 3: Future Outlook - Industry experts believe that the future of direct sales APPs hinges on not just selling proprietary funds but also on delivering investment research insights and comprehensive services to investors [4][12]. - The regulatory environment is evolving, with new policies aimed at enhancing investor services and promoting the development of fund advisory services, which could reshape the sales landscape [13][14].
易方达基金财富管理子公司获证监会核准设立
Xin Hua Wang· 2025-08-12 05:38
2022年《关于加快推进公募基金行业高质量发展的意见》提出,支持基金管理公司在做优做强公募 基金主业的基础上实现差异化发展,支持公募主业突出、合规运营稳健、专业能力适配的基金管理公司 设立从事投资顾问、金融产品销售的子公司,提升综合财富管理能力。为响应和落实以上政策,实现高 质量发展目标,易方达基金经过充分论证和准备,于2023年5月提交了设立财富管理子公司的申请。 两年来,易方达基金积极根据监管部门的反馈完善相关准备工作,同时稳妥推进投顾业务,组建了 涵盖投研、顾问、系统开发、金融科技、解决方案、合规风控等100余人的团队,构建并不断完善多层 次的服务体系和多元化的业务模式,依托多层次顾问队伍,为客户提供持续、及时的顾问服务。 近日,证监会发布《关于核准易方达基金管理有限公司设立子公司的批复》,核准易方达基金设立 全资子公司。信息显示,该子公司名称为易方达财富管理基金销售(广州)有限公司,注册地为广东省 广州市,注册资本为1亿元人民币,业务范围为证券投资基金销售。 根据批复,易方达基金后续将按照有关要求完成子公司组建、工商设立登记等一系列工作,子公司 将在申请取得经营证券期货业务许可证后对外展业。 子公司将 ...
基金销售价格战升级 多元化竞争格局显现
Zhong Guo Jing Ying Bao· 2025-08-08 06:59
在A股结构性行情背景下,公募基金赚钱效应令新基金发行市场异常火爆。截至9月8日,年内新成立基金 数量达到1005只,继2019年后再次突破千只。新成立基金发行份额则突破2万亿份,创年度历史纪录。 与此同时,基金销售价格战已从第三方平台、互联网电商巨头,蔓延到银行渠道、基金公司直销。可以想 见的是,未来一段时间,基金费率激战就此拉开序幕,基金代销行业的竞争格局也将发生巨变。继招商银行 率先对指数基金的认申购交易打1折优惠之后,《中国经营报》记者获悉,部分头部基金公司的APP已经将 申购费降到了0折。 8月28日,证监会出台了《公开募集证券投资基金销售机构监督管理办法》及配套规则(以下简称《基金 销售新规》),对客户维护费(尾随佣金)设置上限,这被视为针对基金销售机构"扶优劣汰"的新举措。 基金销售价格战升级 记者查询支付宝基金专区(蚂蚁基金)等互联网代销平台了解到,在这类以流量见长的平台上,其代销的权 益类基金的申购费(主动权益类基金的申购费为1.5%)基本上都是一折,即0.15%;而部分指数产品的申购费 为0。但在某银行APP上可以看到,其代销的主动权益类基金的申购费并不会打折,打折的多是被动的指数 产品。 ...
关注证券ETF(512880)投资机会,证券在盈利修复周期中具备配置价值
Mei Ri Jing Ji Xin Wen· 2025-08-01 06:07
没有股票账户的投资者可关注国泰中证全指证券公司ETF联接C(012363),国泰中证全指证券公司 ETF联接A(012362)。 注:如提及个股仅供参考,不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考,不预示 未来表现。市场观点随市场环境变化而变动,不构成任何投资建议或承诺。文中提及指数仅供参考,不 构成任何投资建议,也不构成对基金业绩的预测和保证。如需购买相关基金产品,请选择与风险等级相 匹配的产品。基金有风险,投资需谨慎。 开源证券指出,市场交易量持续走高,中报预告超预期,稳定币带来催化,看好低估值龙头券商机会。 自营与两融业务表现稳健;财富管理转型具备差异化与长期潜力,买方投顾模式持续深化,基金投顾业 务规模稳步扩张,客户留存与复投率表现优异,渠道粘性提升。此外,临近前期高点,建议关注非银、 金融科技等领域的走势。基于行业轮动模型,8月行业组合中非银金融位列多头配置。 证券ETF(512880)跟踪的是证券公司指数(399975),该指数从A股市场选取以经纪、投行、资产管 理等业务为主的上市证券公司作为指数样本,以反映证券行业相关上市公司的整体表现。该指数成分股 具有较高的市场代表性与流动性 ...
首批科创债ETF顺利获批,易方达销售子公司成立
Shanghai Securities· 2025-07-16 10:55
Group 1 - The core viewpoint of the report highlights that index funds are a key focus for fund companies' future strategies, with 72 index funds, 33 mixed funds, and 6 QDII funds being the top three types in June [1][4][5] - The first batch of 10 Sci-Tech Innovation Bond ETFs has been successfully approved, which includes 6 tracking the AAA Sci-Tech Bond Index, 3 tracking the Shanghai AAA Sci-Tech Bond Index, and 1 tracking the Shenzhen AAA Sci-Tech Bond Index, reflecting the overall performance of bonds from technology innovation companies [1][8] - The rapid approval of these ETFs demonstrates efficient collaboration between policy and market, enriching the ETF product system in China and guiding funds towards the technology innovation sector [1][8] Group 2 - The report indicates that the Shanghai Stock Exchange's broad-based ETF products are expanding, with the Shanghai 380 Index focusing on mid-cap stocks and the Shanghai 580 Index on small-cap stocks, providing more refined investment tools for investors [2][14] - In June, three fund companies received approvals for establishing branch institutions, including E Fund, which set up a wealth management sales subsidiary in Guangzhou, and Xingsheng Global Fund, which established a subsidiary in Singapore [2][15][17] Group 3 - The report details that in June, there were 130 fund products accepted by the CSRC, a decrease from 154 in the previous month, with notable increases in FOF and stock funds, while index and mixed funds saw declines [4][5] - The approval of the first batch of Sci-Tech Innovation Bond ETFs is significant for the market, as it allows for better tracking of the performance of technology innovation bonds and enhances capital market support for this sector [8][12] Group 4 - The report outlines that the establishment of new subsidiaries by fund companies is aimed at enhancing their service capabilities and expanding their market reach, with E Fund focusing on buy-side investment advisory services [17][19] - The establishment of Xingsheng Global's subsidiary in Singapore is part of a broader strategy to enhance global business operations and improve product diversity [18][19]
盈米基金肖雯: 与客户利益保持一致 帮助客户实现长期回报
Zhong Guo Zheng Quan Bao· 2025-07-06 20:35
Core Viewpoint - Yingmi Fund has won the "Fund Advisory Institution Golden Bull Award" and the "Fund Advisory Excellent Return Golden Bull Award" at the "Third Fund Advisory Golden Bull Award" selection, emphasizing the importance of aligning with client interests and providing long-term support to navigate market cycles [1] Group 1: Investment Advisory Evolution - The buy-side advisory is transitioning from a fund portfolio-following 1.0 model to a client account management 2.0 model, focusing on personalized solutions based on clients' investment goals and risk tolerance [4] - Yingmi Fund's digital service system has significantly improved client investment experiences, with advisory clients showing a much longer average holding period compared to self-directed clients [4] Group 2: Client Education and Behavior Change - The complexity of financial products and market volatility creates a gap in understanding for the general public, which buy-side advisory aims to bridge by providing tailored solutions and enhancing client investment knowledge [2][3] - The goal of client education is to foster healthier investment habits and reduce emotional trading behaviors, ultimately leading to better investment outcomes [2] Group 3: Industry Trends and Future Outlook - The public fund industry is shifting from a focus on scale to prioritizing investor returns, aligning with the core philosophy of fund advisory services [4] - Yingmi Fund reports that over 89% of advisory clients on its platform were profitable as of June 30, 2025, with an average holding period of 690 days, indicating a successful adaptation to long-term investment strategies [4] - The future of fund advisory is expected to see more diverse institutions emerging, exploring various business models and enhancing the advisory ecosystem [5]
易方达基金财富子公司获批,公募基金销售子公司再下一城
Guan Cha Zhe Wang· 2025-06-12 08:40
Group 1 - The China Securities Regulatory Commission (CSRC) has approved E Fund Management Co., Ltd. to establish a wholly-owned subsidiary focused on buy-side investment advisory services, increasing the number of approved public fund sales subsidiaries in the industry to 9 [1] - E Fund submitted its application for the wealth management subsidiary in May 2023 and has spent nearly two years preparing based on regulatory feedback, building a team of over 100 people across various functions to enhance its advisory services [1] - The newly approved subsidiary, named E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., is registered in Nansha District, Guangzhou, with a registered capital of 100 million RMB, and aims to support financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2 - Wealth management subsidiaries are seen as an extension of fund companies, marking a transformation towards wealth management and providing high-quality services from the buy-side perspective [2] - The government has been actively supporting the development of investment advisory services, with recent policies aimed at accelerating wealth management transformation and establishing industry standards [2] - E Fund's investment advisory team plans to leverage the new subsidiary to create a systematic, multi-layered, and intelligent advisory service system, offering comprehensive wealth management solutions to clients [2]
基金投顾答好“金融为民”时代考卷
Zheng Quan Ri Bao· 2025-06-11 17:23
Core Insights - The public fund industry in China has surpassed a total scale of 33 trillion yuan, with over 700 million fund investors, yet many remain in a "self-service" investment state [1] - The approval of E Fund Management to establish a sales subsidiary focused on buy-side advisory services reflects a strategic shift in the wealth management industry from "scale competition" to "service deepening" [1][2] - The fund advisory business, which provides investment advice and decision-making assistance to clients, has shown remarkable growth since its pilot launch in 2019, but faces challenges such as low penetration rates and limited service scope [1][2] Industry Development - The fund advisory business is poised for significant growth opportunities, driven by the need for professional services that align with investor demands, creating a virtuous cycle of "increased returns - inflow of funds - market stability" [2] - Continuous policy support, such as the implementation of guidelines for the regularization of public fund advisory services, is crucial for the development of this sector [1][2] Key Strategies for Wealth Management Institutions - Wealth management institutions should prioritize investor interests and focus on three dimensions: building a professional advisory capability system, creating comprehensive investor support services, and developing a high-quality advisory talent pool [2][3] - Establishing a multi-dimensional research framework is essential for wealth management institutions to provide tailored solutions for investors with varying risk preferences [2] Importance of Accompanying Services - Effective fund advisory services should extend beyond simple fund recommendations to include a full-process support system, helping investors manage expectations and anxiety during market fluctuations [3] - Regular investment health reports can help investors maintain composure and avoid impulsive trading behaviors [3] Talent Development and Technology Integration - A high-quality, large-scale advisory team is vital for the success of fund advisory services, requiring professionals who understand both market dynamics and client needs [3] - The integration of intelligent advisory tools can enhance service reach while maintaining professional depth, creating a "human-machine collaboration" model [3] Vision for the Future - The transition of fund advisory services from pilot to regularization represents a critical turning point, necessitating a shift towards a service ecosystem centered on the best interests of investors [3] - This approach aims to foster a positive interaction between capital markets and household wealth, contributing to the financial empowerment of China's modernization efforts [3]