近日，第三方基金评价机构济安金信基金评价中心（下称"济安金信"）公告，10只基金2025年二季度存 在风格漂移；另有3只基金因2025年一季度风格漂移，被惩罚性不予评级。其中，部分产品来自嘉实基 金、华泰柏瑞基金、交银施罗德基金等管理规模数千亿乃至万亿级公募机构。 中国证监会主席吴清在2025年5月国新办举行的新闻发布会上强调，针对基金"风格漂移""货不对板"等 问题，要求为每只基金产品设定清晰的业绩比较基准，作为衡量产品真实业绩的"尺子"，避免产品投资 行为偏离名称和定位。 记者观察发现，上述10只被指今年二季度风格漂移的基金，截至8月18日，有5只近三年收益跑输业绩基 准；截至2025年二季度末，多只基金重仓股与基金名称较难"代入"，有名称强调"创新领航""智能中 国"的基金重仓银行股，有突出"绿色主题"的基金重仓芯片股，需要投资者仔细甄别。 十只基金被指风格漂移 据济安金信日前发布的第二季度公募基金评级结果，有10只基金存在风格漂移，包括嘉实基金、华泰柏 瑞基金、交银施罗德基金、前海开源基金、宝盈基金、中邮基金、金信基金、北信瑞丰基金旗下各1 只，泰信基金旗下2只。 根据《交银施罗德创新领航混合型证券投 ...

Core Viewpoint - Multiple public fund products have been identified as experiencing style drift, which may lead to investor losses due to discrepancies between actual investment styles and those stipulated in fund contracts [2][7]. Group 1: Style Drift Identification - In the second quarter of this year, 10 products were recognized for style drift, with an additional 3 products penalized for style drift in the first quarter [2]. - Notable funds affected include Qianhai Kaiyuan Great Security Mixed, Jinxin Intelligent China 2025 Mixed (A/C classes), and Taixin Modern Service Industry Mixed [2]. Group 2: Fund Definitions and Investment Focus - The Jinxin Intelligent China 2025 Mixed fund focuses on sectors related to intelligent production and services, with a minimum of 80% of non-cash assets invested in defined "Intelligent China 2025" themes [3]. - The Taixin Modern Service Industry Mixed fund allocates 60-95% of its assets to stocks, emphasizing productive and life service industries, including financial services, logistics, and healthcare [5][6]. Group 3: Fund Responses to Style Drift Concerns - Jinxin Fund representatives argue that their high allocation to bank stocks aligns with the intelligent service theme, citing low valuations and high dividend yields as justifications [4]. - Taixin Fund maintains that its investments in new technologies and services are consistent with the fund's definition of modern service industries, addressing concerns about style drift [6].