来源：智通财经 仅隔12天，国投白银LOF赔偿方案春节前落地。 国投瑞银基金今日公告称，将对受国投白银LOF估值调整影响的投资者进行补偿。遵循分层分类、便捷 可靠的原则制定本方案，以最大限度保护投资者特别是中小投资者的合法权益。 方案适用范围为国投瑞银白银期货证券投资基金（LOF）以2026年2月2日净值确认赎回（含2026年1月 30日15点之后至2月2日15点之前提交赎回申请）的自然人投资者，不含机构投资者。 智通财经记者整理显示，此次补偿有以下特点： 一是补偿性质罕见。 此次补偿并非因违法违规，而是在估值调整合法合规的前提下，公司基于回应投资者呼声、守护投资者 信任与体验而做出的主动安排，属于行业少见的"跨越免责区"案例。 二是仅补偿个人投资者。 方案仅适用于自然人投资者（即散户），且特指在2026年1月30日15：00后至2月2日15：00前提交赎 回、并以2月2日净值确认赎回的投资者，机构投资者被排除在外。 三是以损失1000元为界，分层补偿机制。 采取差异化补偿标准：受估值调整影响金额在1000元以下的投资者，可获得全额补偿；影响金额超过 1000元（含）的，则在1000元基础上，对超出部分按特定 ...

Core Viewpoint - The company announced a compensation plan for individual investors affected by the valuation adjustment of the Guotou Silver LOF fund, aiming to protect the rights of small and medium investors while adhering to a layered and reliable approach [2][4]. Summary by Sections Compensation Characteristics - The compensation is rare as it is not due to illegal activities but is a proactive arrangement by the company to address investor concerns and maintain trust [3]. - The plan is exclusively for individual investors, specifically those who submitted redemption requests between January 30, 2026, 15:00 and February 2, 2026, 15:00, with institutional investors excluded [3][4]. - A tiered compensation mechanism is in place, where investors with losses below 1,000 yuan will receive full compensation, while those with losses exceeding 1,000 yuan will receive compensation based on a specific ratio for the amount over 1,000 yuan [3][5]. - The compensation process will begin on February 26, 2026, and investors can complete the necessary procedures online through a designated app [3][5]. Investor Concerns and Company Responses - The company clarified that the valuation adjustment was reasonable and not a denial of the adjustment itself, but rather a response to investor experience and concerns [6]. - The adjustment was made to reflect the true value of the fund's underlying assets in light of extreme market fluctuations, ensuring that the net asset value does not mislead investors [8]. - The company explained that the timing of the announcement was based on industry practices to avoid misinterpretation that could lead to liquidity issues [9]. Industry Reactions and Measures - The extreme volatility in silver prices has led to complaints from investors and prompted industry reflection on risk management practices [10]. - Several fund companies have implemented strict purchase limits on commodity funds to ensure stable operations and protect investors' interests [10].

仅隔12天，国投白银LOF赔偿方案春节前落地。 国投瑞银基金今日公告称，将对受国投白银LOF估值调整影响的投资者进行补偿。遵循分层分类、便捷可靠的原则制定本方案，以最大限度 保护投资者特别是中小投资者的合法权益。 方案适用范围为国投瑞银白银期货证券投资基金（LOF）以2026年2月2日净值确认赎回（含2026年1月30日15点之后至2月2日15点之前提交 赎回申请）的自然人投资者，不含机构投资者。 财联社记者整理显示，此次补偿有以下特点： 一是补偿性质罕见。 此次补偿并非因违法违规，而是在估值调整合法合规的前提下，公司基于回应投资者呼声、守护投资者信任与体验而 做出的主动安排，属于行业少见的"跨越免责区"案例。 四是线上办理渠道。 补偿工作将于2月26日正式启动，投资者可通过支付宝搜索"国投瑞银白银基金"小程序，在线完成身份核验后办理相关 事宜。 春节前落地，国投瑞银补偿受白银LOF估值调整影响的投资者，9成可获补偿 2月15日晚间，国投瑞银基金公告称，将对受国投白银LOF估值调整影响的投资者进行补偿，遵循分层分类、便捷可靠的原则制定本方案， 以最大限度保护投资者特别是中小投资者的合法权益。方案适用范围为国投 ...

智通财经2月15日讯（记者 闫军）仅隔12天，国投白银LOF赔偿方案春节前落地。 国投瑞银基金今日公告称，将对受国投白银LOF估值调整影响的投资者进行补偿。遵循分层分类、便捷可靠的原则制 定本方案，以最大限度保护投资者特别是中小投资者的合法权益。 方案适用范围为国投瑞银白银期货证券投资基金（LOF）以2026年2月2日净值确认赎回（含2026年1月30日15点之后至 2月2日15点之前提交赎回申请）的自然人投资者，不含机构投资者。 智通财经记者整理显示，此次补偿有以下特点： 一是补偿性质罕见。此次补偿并非因违法违规，而是在估值调整合法合规的前提下，公司基于回应投资者呼声、守护 投资者信任与体验而做出的主动安排，属于行业少见的"跨越免责区"案例。 二是仅补偿个人投资者。方案仅适用于自然人投资者（即散户），且特指在2026年1月30日15：00后至2月2日15：00前 提交赎回、并以2月2日净值确认赎回的投资者，机构投资者被排除在外。 三是以损失1000元为界，分层补偿机制。采取差异化补偿标准：受估值调整影响金额在1000元以下的投资者，可获得 全额补偿；影响金额超过1000元（含）的，则在1000元基础上，对超 ...

- The report categorizes fund advisory products into various types based on equity weight and asset allocation distribution, including pure bond type (0%), fixed income+ type (0%-20%), mixed stock-bond type (20%-70%), stock type (70%-100%), and multi-asset allocation type, with further segmentation of stock-type advisory products into QDII type, industry theme type, and ordinary stock type based on strategy characteristics and income sources[11][17] - Performance statistics show that in November 2025, equity assets performed poorly overall, while pure bond and multi-asset allocation advisory products performed relatively better. Absolute return averages for November were: pure bond type (0.1%), fixed income+ type (-0.2%), mixed stock-bond type (-0.9%), stock type (-1.8%), and multi-asset allocation type (-0.2%). Median absolute returns since 2025 were: pure bond type (1.4%), fixed income+ type (4.2%), mixed stock-bond type (12.3%), stock type (23.0%), and multi-asset allocation type (12.7%)[12][13][16] - Among stock-type advisory products, active selection strategies had the highest relative returns in November 2025, while industry rotation strategies led in returns since 2025. November absolute returns were: active selection (-2.4%), index-driven (-2.6%), and industry rotation (-3.5%). Absolute returns since 2025 were: active selection (23.0%), index-driven (21.7%), and industry rotation (25.6%)[16][21][3] - Fund advisory products with high returns since 2025 include: multi-asset allocation type (e.g., "Global Daily Accumulation" with 28.6% return), stock type (e.g., "Anxin Aggressive 90" with 45.6% return), mixed stock-bond type (e.g., "Peach and Plum Silent" with 25.3% return), fixed income+ type (e.g., "Guotai Idle Money Steady Walk" with 13.3% return), and pure bond type (e.g., "Zhidao AI Stable Type" with 6.0% return)[23][24][26][27][28] - In November 2025, 131 fund advisory products underwent portfolio adjustments. Key allocation changes included increased exposure to A-shares, cash and currency, U.S. stocks, overseas bonds, and emerging markets, while reducing exposure to Hong Kong stocks, gold, other commodities, and bonds[29][33][34] - Sector allocation changes in A-shares for November 2025 included increased exposure to coal, power equipment, basic chemicals, and food and beverages, while reducing exposure to pharmaceuticals, electronics, and non-ferrous metals[36][37][38]