从公告披露的个人履历看，广发基金此次新增聘的基金经理在证券投资管理行业均经历了较长时间磨 砺。其中，陈韫中拥有9.7年证券从业经验，wind投资经理指数显示（截至10月10日，下同），其投资 年化回报为4.57%；新增与郑澄然共管基金的叶帅、观富钦、刘彬证券从业年限分别达8.8年、14.3年、 14.3年，据wind投资经理指数，三人投资年化回报分别为8.92%、7.25%、16.94%。 曾质彬拥有9.3年证券从业年限，于2016年7月加入广发基金，历任量化投资部研究员，量化投资部、稳 健策略部投资经理。从简历看，2025年3月14日，曾质彬首次参与管理公募基金——担任广发估值优势 混合型证券投资基金基金经理。 四只基金中，截至2025年上半年末，此前由郑澄然单独管理的广发兴诚混合、广发诚享混合规模（合并 份额计算，下同）最大，分别为22.03亿元、15.39亿元；据wind统计，截至10月10日，两只基金近三年 累计收益分别约-36%、-37%，同期分别跑输业绩基准近63个百分点、65个百分点。 广发基金近日密集发布四则基金经理变更公告，对旗下4只产品进行基金经理调整。此次调整中，原基 金经理蒋科因"工作 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released an action plan to promote the high-quality development of public funds, introducing a new floating management fee mechanism linked to fund performance [1][2]. Group 1: Floating Management Fee Mechanism - The new fee structure stipulates that if a fund's performance meets the benchmark, it will charge the standard fee rate; if performance is significantly below the benchmark, a lower fee rate will apply; and if performance exceeds the benchmark, a higher fee rate will be charged [1][2]. - The floating fee mechanism aims to reduce the "guaranteed income" phenomenon for fund companies, encouraging them to enhance investment capabilities [2][5]. - The CSRC plans to implement this mechanism for newly established actively managed equity funds, with a target that at least 60% of the funds issued by leading firms in the next year will adopt this model [2][5]. Group 2: Historical Context and Current Trends - Since the exploration of floating fee structures began in 2013, the industry has seen continuous innovation, with 249 floating management fee funds reported as of May 7, 2025 [2][3]. - The main types of fee structures include scale-linked fees, holding period-linked fees, and performance-linked fees, with the latter being the most prevalent, accounting for nearly 90% of the market [3][4]. - Historical guidelines from 2017 outlined two main floating fee models: one that adjusts fees based on performance relative to a benchmark and another that charges performance fees based on excess returns [3][4]. Group 3: Future Outlook - The implementation of the new action plan is expected to further popularize the performance-based fee model, leading to a shift from "scale-driven" to "ability-driven" growth in the public fund industry [5]. - The focus on performance will enhance the core competitiveness of fund companies and promote a more competitive industry landscape [5]. - Despite the new fee structures, it is emphasized that investors should consider multiple factors, including the management company's strength and the fund manager's investment capabilities, when making investment decisions [5].