证券之星消息，11月5日发布《太平恒泽63个月定期开放债券型证券投资基金分红公告》。本次分红为 2025年度的第4次分红。公告显示，本次分红的收益分配基准日为10月10日，详细分红方案如下： 本次分红对象为权益登记日登记在册的本基金份额持有人，权益登记日为11月6日，现金红利发放日为 11月7日。对于选择红利再投资方式的投资者，将以2025年11月6日的基金份额净值为计算基准确定再投 资份额，本基金注册登记机构将于2025年11月7日对红利再投资的基金份额进行确认。2025年11月10日 起，投资者可以查询、赎回红利再投资的份额。根据财政部、国家税务总局相关规定，基金向投资者分 配的基金收益，暂免征收所得税。1)本基金本次分红免收分红手续费；2)选择红利再投资方式的投资者 其红利再投资的基金份额免收申购费用。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 | 分级基金简称 | 代码 | 電焼日電影浄價 | | 分红方案 | | --- | --- | --- | --- | --- | | | | (元) | | (元/10份) ...

| 分级基金简称 | 代码 | 草准日其金净值 (元) | | 分红方案 (元/10份) | | --- | --- | --- | --- | --- | | 蜂巢添星中短倩A | 007218 | | 1.09 | 0.25 | | 酵菓漆膏中超佳C 007219 | | | 1.07 | 0.00 | 证券之星消息，11月5日发布《蜂巢添幂中短债债券型证券投资基金分红公告》。本次分红为2025年度 的第1次分红。公告显示，本次分红的收益分配基准日为10月10日，详细分红方案如下： 本次分红对象为权益登记日在本公司登记在册的本基金份额的全体持有人，权益登记日为11月5日，现 金红利发放日为11月7日。选择红利再投资方式的投资者，其红利将按2025年11月05日除息后的基金份 额净值折算成基金份额，于2025年11月06日直接计入其基金账户，并自2025年11月06日起计算持有天 数。2025年11月07日起投资者可以查询、赎回。根据财政部、国家税务总局相关规定，基金向投资者分 配的基金收益，暂免征收所得税。本基金本次分红免收分红手续费；选择红利再投资方式的投资者，其 红利所转换的基金份额免收申购费用。 以 ...

截至11月3日数据显示（下同），泓德优质治理灵活配置成立4年多，仍处于浮亏，净值累计下跌26.95%，同类排名靠后。 尤为引人注意的是，泓德基金旗下多只产品成立以来净值回撤超10%。旗下多只主动权益产品中长期业绩表现较差，泓德基金合规风控是否存在漏洞？投研 是否尽责？ 泓德优质治理灵活配置：成立以来跑输业绩基准超20个百分点 泓德优质治理灵活配置成立于2021年3月。基金在严格控制风险的前提下，重点挖掘优质治理型公司的投资机会，力争实现基金资产的长期稳健增值。 基金业绩比较基准为中证800指数收益率*70%+中国债券综合全价指数收益率*20%+中证港股通综合指数收益率*10%。 | 阶段 | 净值增长 | 净值增长 | 业绩比较 | 业绩比较 基准收益 | (1)-(3) | (2)-(4) | | --- | --- | --- | --- | --- | --- | --- | | | 率(1) | 率标准差 | 基准收益 | 率标准差 | | | | | | (2) | 率(3) | (4) | | | | 过去三个月 | 9.30% | 0.66% | 14.95% | 0.67% | -5.65% ...

Group 1 - The core issue in the investment fund industry is the disconnect between fund managers' compensation and fund performance, leading to a loss of trust among investors [1][4] - The introduction of the "floating fee rate" mechanism aims to align the interests of fund managers with those of investors, promoting a "shared risk and reward" philosophy [1][4] - The first batch of floating fee rate funds launched in May has shown promising results, with an average increase of approximately 12.1% by the end of October [1][2] Group 2 - The second batch of 12 floating fee rate funds is set to launch, with the new fund "Bank of China Quality Emerging" being highlighted for its replicable investment philosophy [2][3] - Fund manager Li Sijia emphasizes the importance of a flexible investment strategy that adapts to market changes, rather than relying on a single approach [2][8] Group 3 - The floating fee rate mechanism is designed to bind the fate of fund managers and investors, ensuring that management fees are tied to performance against a benchmark [4][5] - The fee structure of the "Bank of China Quality Emerging" fund includes a tiered fee system that adjusts based on performance, encouraging long-term investment behavior [5][6] Group 4 - The performance benchmark for the "Bank of China Quality Emerging" fund is a composite of various indices, providing a comprehensive measure of market performance [6][7] - Li Sijia's investment philosophy focuses on "replicability" and "cognitive compounding," aiming for sustainable growth through a well-structured investment framework [8][9] Group 5 - Li Sijia's successful management of the "Bank of China Strategic Emerging Industries A" fund, which achieved a net value growth rate of 43.92% over the past year, demonstrates the effectiveness of her investment approach [9][15] - The investment strategy includes a balanced allocation across sectors, with a focus on emerging technologies and industries aligned with national strategic transformations [11][12] Group 6 - Li Sijia identifies the current market phase as a "bull market mid-stage," suggesting that structural changes and new opportunities are emerging [12][13] - The floating fee rate funds are particularly suitable for long-term investors who can benefit from the dual advantages of compounding and fee optimization [13]

Group 1 - China Cinda Asset Management plans to reduce its stake in Founder Securities by up to 1%, amounting to approximately 82.32 million shares, which represents 1% of the total share capital [1] - Currently, China Cinda holds 593.05 million shares in Founder Securities, accounting for 7.2% of the total share capital, with shares acquired through a private transfer [1] - The reduction period is set from November 26, 2025, to February 25, 2026, and is attributed to China Cinda's operational needs [1] Group 2 - Two Brazil-focused ETFs have seen strong demand, with subscription rates exceeding 11% for both, indicating robust investor interest in emerging markets [2] - The total scale of cross-border ETFs has approached 900 billion, highlighting the growing trend of global asset allocation among ordinary investors [2] - This surge in interest may prompt fund companies to accelerate their offerings in emerging market products, benefiting related ETF management firms [2] Group 3 - The fund issuance market has seen a resurgence, with two "sunshine funds" launched in a single day, each raising over 3 billion, indicating increased market participation [3] - Year-to-date figures show significant growth in stock and mixed fund issuance, with increases of 43.86% and 76.04% respectively compared to the previous year [3] - The rapid sell-out of these funds may enhance the valuation expectations for related fund companies and leading brokerages [3] Group 4 - China International Capital Corporation (CICC) recorded five block trades on November 4, totaling approximately 360.86 million shares and nearly 1.3 billion in transaction value [4] - The average transaction price was 36 yuan, reflecting a discount of 0.96% compared to the closing price, indicating active trading among institutions [4] - The recent block trades suggest a potential shift in long-term institutional holdings, although the short-term impact on stock prices may be limited [5]

Group 1 - The Hong Kong automotive ETF fund (159237) experienced a decline of 2.03% on November 4, with a trading volume of 67.2886 million yuan [1] - The fund's shares decreased by 7 million, bringing the total shares to 119 million, while the shares increased by 20 million over the last 20 trading days [1] - The latest net asset value of the fund is calculated to be 132 million yuan [1] Group 2 - The performance benchmark for the Hong Kong automotive ETF fund is the adjusted return of the CSI Hong Kong Stock Connect Automotive Industry Theme Index [1] - The fund is managed by ICBC Credit Suisse Asset Management Company, with fund managers Shi Baojiao and Liu Zihao [1] - Since its establishment on June 25, 2025, the fund has returned 10.68%, while the return over the past month is -8.67% [1]

港股通创新药ETF工银（159217）业绩比较基准为经汇率调整后的国证港股通创新药指数收益率，管理 人为工银瑞信基金管理有限公司，基金经理为刘伟琳、焦文龙，成立（2025-03-26）以来回报为 39.52%，近一个月回报为-12.41%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月4日，港股通创新药ETF工银（159217）跌2.75%，成交额7.89亿元。当日份额增加1900.00万份，最 新份额为37.11亿份，近20个交易日份额增加2.99亿份。最新资产净值计算值为51.78亿元。 ...

港股通红利ETF富国（159277）业绩比较基准为中证港股通高股息投资指数收益率(使用估值汇率折 算)，管理人为富国基金管理有限公司，基金经理为田希蒙，成立（2025-08-05）以来回报为0.70%，近 一个月回报为6.19%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月4日，港股通红利ETF富国（159277）跌0.20%，成交额2961.25万元。当日份额减少300.00万份，最 新份额为1.31亿份，近20个交易日份额减少6100.00万份。最新资产净值计算值为1.31亿元。 ...

Core Viewpoint - The article discusses the transformative potential of floating fee structures in the public fund industry, aiming to align the interests of fund managers and investors, thereby enhancing trust and promoting high-quality development in the sector [2][5]. Summary by Sections Floating Fee Mechanism - The introduction of floating fee rates is a revolutionary change aimed at binding the interests of fund managers and investors, ensuring that both parties share risks and rewards [5][7]. - The first batch of 26 floating fee rate funds launched in May showed an average increase of approximately 12.1% by the end of October, indicating the mechanism's potential [2][5]. Fund Manager's Philosophy - Fund manager Li Sijia emphasizes a "replicable" investment philosophy that focuses on long-term value accumulation rather than short-term performance spikes [3][10]. - She advocates for flexibility in investment strategies to adapt to market changes, highlighting the importance of a diversified approach [3][10]. Performance Metrics - The floating fee structure ties management fees to performance, rewarding fund managers when they exceed benchmarks and penalizing them when they do not, thus promoting a culture of accountability [5][6]. - The performance benchmark for the Zhongyin Quality Emerging Fund is a composite of various indices, ensuring a comprehensive reflection of market trends [8]. Investment Strategy - Li Sijia's investment framework combines macroeconomic analysis with industry-specific insights, focusing on sectors with long-term growth potential, particularly in technology and cyclical industries [12][14]. - The strategy emphasizes risk control through balanced asset allocation and a focus on high Sharpe ratio portfolios, aiming for stable long-term returns [14][16]. Market Outlook - The current market phase is viewed as a "consolidation stage" within a bull market, with structural changes and new opportunities emerging [15]. - Li Sijia expresses confidence in China's economic transition towards high-quality development, suggesting that the A-share market holds significant long-term investment value [15].

Core Viewpoint - The establishment of a performance benchmark element library for public funds aims to standardize the selection and use of indices, enhancing comparability among fund products and encouraging innovation in fund management [3][4][11]. Group 1: Benchmark Library Structure - The benchmark library is divided into two categories: Category One and Category Two, with a total of 141 indices covering mainstream investment targets in A-shares and Hong Kong stocks [3][4]. - Category One includes 69 core indices that are highly representative and widely recognized, while Category Two consists of 72 indices that focus on innovation and differentiation [3][4]. - The library will undergo quarterly evaluations for the entry and exit of benchmark elements, with semi-annual assessments for adjustments between the two categories [11][12]. Group 2: Inclusion Criteria for Indices - Category Two indices must meet several criteria, including a maximum weight of 20% for any single constituent in broad-based indices and a minimum of 30 constituents for non-broad-based indices [7][8]. - Category One indices must meet Category Two standards and have a minimum average free float market capitalization of 10,000 billion yuan over the past year [7][8]. - The selection of broad-based indices is based on representativeness, investability, and usage by at least 10 actively managed funds [8][9]. Group 3: Dynamic Adjustment Mechanism - The benchmark library will be dynamically adjusted based on evaluations by an expert group composed of representatives from various industry institutions [11][12]. - Indices that no longer meet the standards for Category One may be moved to Category Two, while those meeting Category One standards can be promoted from Category Two [11][12]. - The expert group will also remove indices that are no longer published or do not meet the basic standards for inclusion [12].