公募基金经理正在加速去"高管化"。 9月29日晚间，易方达基金发布高管变更公告称，因工作调整，张清华不再担任公司副总经理，而是专 注于投资管理工作，继续担任基金经理职务。截至今年二季度末，其在管规模为479.38亿元。 今年以来，包括易方达基金在内的多家公募基金公司纷纷掀起"高管基金经理回归投研"的浪潮，核心投 研人员卸任行政管理职务，全身心投入投资管理工作。 业内人士告诉《国际金融报》记者，这一现象不仅体现了个人对投资工作的专注，更折射出行业从"个 人依赖"向"投研体系"转型的深层逻辑。 多位基金经理卸任高管 作为行业头部公司，易方达基金今年的高管变动备受关注。据记者统计，近半年来，该公司已有4位核 心基金经理卸任副总经理职务，原因均为专注于投资管理工作，这4人均为公司的核心投研力量。 3月20日，陈皓、萧楠两人同步卸任易方达基金副总经理，继续担任基金经理。其中，陈皓侧重均衡成 长投资，萧楠深耕消费赛道，二人最新在管基金规模均超过200亿元，是易方达基金权益投研团队的核 心成员。 与上述4人不同，易方达另一位副总经理冯波则是在投资工作上进行了"减负"。9月27日，冯波卸任了易 方达竞争优势企业和易方达研究精 ...

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 在资本市场持续演进的当下，《推动公募基金高质量发展行动方案》的颁布，宛如一场 "及时雨"，为 公募基金行业的长远发展铺就基石。其中，关于强化核心投研能力建设的系列举措，更是切中行业发展 要害，对公募基金行业的未来走向影响深远。 一、现有投研体系弊端渐显 三、转型挑战与应对 转型过程中，基金公司面临技术难题、数据安全风险以及组织架构调整等挑战。在技术方面，需投入大 量资金和人力进行系统研发与维护，同时要不断跟进新技术发展。应对数据安全风险，要建立完善的数 据安全管理体系，加强数据加密、访问控制和安全审计。对于组织架构调整，需打破部门壁垒，促进跨 部门协作，建立适应数字化转型的管理机制。 二、投研体系数字化转型的关键举措 （一）投研平台的搭建 益民基金管理有限公司正式成立了"数量金融实验室"，并与科技部产业促进会达成了共建实验室协议。 实验室并非传统意义上的部门，而是投研体系内各部门人员的一种合理调配的机制。实验室通过数学工 具开发的辅助投资策略，为公司的投资提供了非常有力的保障。 （二）智能投研工具应用 投研过程中，分析师需处理大量研报、新闻等文本信 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released an action plan to promote the high-quality development of public funds, emphasizing investor-centric development and enhancing core research capabilities, which aligns with the strategic direction of Huitianfu Fund [1][2] Group 1: Company Strategy and Development - Huitianfu Fund has a strong reputation for active stock selection and has implemented various reforms that align with the CSRC's action plan, reinforcing the company's strategic determination and confidence in development [1][2] - The company is celebrating its 20th anniversary, and the action plan provides clear guidance for optimizing reform measures and enhancing research and service levels, marking a new chapter in high-quality development [1][2] - In the past year, Huitianfu has seen significant performance in active equity funds, with five funds doubling their performance, the highest increase exceeding 200%, and 20 funds achieving over 70% growth [1][12] Group 2: Research and Investment System - The action plan calls for strengthening core research capabilities and establishing evaluation metrics for fund companies, encouraging continuous investment in human and system resources [3] - Huitianfu has developed a unique vertical integrated research system, conducting in-depth research and forward-looking layouts through regular overseas industry inspections [3][4] - The company emphasizes a collaborative research model that fosters sharing and efficient cooperation among research teams, creating competitive barriers in long-term growth industries [3][4] Group 3: Team Building and Management - Huitianfu has consistently focused on team building, nurturing talent while also attracting stable and high-performing investment managers to create a diversified investment team [4][5] - The company promotes a culture of simplicity, focus, and collaboration, enhancing team stability and research efficiency [4][5] - A data science team has been established to support the investment management process, ensuring comprehensive performance attribution, risk analysis, and investment decision oversight [4][7] Group 4: Client-Centric Approach - Huitianfu emphasizes the alignment of client needs with product positioning and investment strategies, ensuring that investment managers' strengths match client demands [5][6] - The company is committed to a multi-strategy investment system centered around its core fund managers, allowing for precise matching of product configurations to investment capabilities [5][6] - Huitianfu aims to enhance investor satisfaction and experience by providing tailored solutions based on thorough analysis of market conditions and client needs [9][10] Group 5: Fee Structure and Performance Evaluation - The action plan highlights the need for optimizing fund operation models and establishing performance-linked fee structures to better align with investor interests [7] - Huitianfu has proactively reduced management and custody fees for active equity funds and launched investor-benefit funds, focusing on enhancing investor returns [7][8] - A comprehensive evaluation system based on product positioning and performance benchmarks has been established to assess fund managers' abilities to generate excess returns [7][8]

Group 1 - As of July 2025, the total net asset value of public funds in China has surpassed 35 trillion yuan, marking a significant milestone in the public fund market [1] - The number of public fund management institutions in China stands at 164, including 149 fund management companies and 15 asset management institutions with public qualifications [1] - The public fund scale has shown remarkable growth this year, returning to 32 trillion yuan by the end of February, surpassing 33 trillion yuan by the end of April, and reaching 34.39 trillion yuan by the end of June [1] Group 2 - The number of fund products has also reached a new high, increasing to 13,000 by the end of July, up by 109 products from the previous month [1] - The combined scale of mixed and equity funds reached 8.75 trillion yuan by the end of July, an increase of over 330 billion yuan from the end of June [1] - In contrast, the scale of bond funds has decreased, with the number of shares and scale falling to 5.95 trillion shares and 7.24 trillion yuan, respectively [1] Group 3 - The growth in equity fund scale is closely linked to the rise in net value, with the mixed equity fund index and stock fund index increasing by 5.94% and 5.59% respectively in July [2] - The public fund industry is presented with new development opportunities as the stock market rises, with expectations for improved investor trust if fund performance continues to be strong [2] - The China Securities Regulatory Commission has emphasized the need for high-quality development in the public fund industry, advocating for enhanced core investment research capabilities and the establishment of evaluation systems for fund companies [2]

据悉,并入中国诚通集团以来,融通基金更加重视提升投研核心竞争力。成立跨资产类别的大类资产配置 投资委员会,整合各投研领域业务精兵,夯实投研底座,为公司投资决策提供战略支持。同时,建立了以从业 20年以上的专家型基金经理为核心、以从业10年的中生代基金经理为中坚力量的投研梯队,既有经验的 传承,也有思维的创新,有助于构建多层次、多元化的团队结构,以增加团队的稳定性和市场的适应性。未 来,融通基金将持续强化"平台型、团队制、一体化、多策略"投研体系建设,增强核心功能、提高核心竞 争力,更好地服务国有资本运营、服务居民财富管理,更好地践行金融工作的政治性与人民性。 备注:基金净值与业绩已经托管行复核。融通产业趋势臻选成立于2020年8月17日。2020-2024年业绩分 别为0.05%、17.06%、-17.75%、-7.41%、23.71%,同期业绩比较基准分别为 9.85%、-5.71%、-18.32%、-10.01%、14.32%。 融通岁岁添利2019年-2024年复权单位净值增长率分别为3.58%、-4.06%、10.73%、4.95%、7.05%、 5.36%,业绩比较基准增长率分别为1.53%、1.5 ...