On May 8th, the public fund industry will usher in a major fee reform. The China Securities Regulatory Commission recently issued the “Action Plan for Promoting High Quality Development of Public Funds”, proposing the establishment of a floating management fee collection mechanism linked to fund performance. China Securities Journal reporters have learned in the industry that the first batch of innovative floating rate products based on performance comparison benchmarks are expected to be launched, and more than 20 fund companies are about to report related products, which is expected to break the fixed rate model of “guaranteed income in droughts and floods” and deeply link fund manager incentives with investor returns. (China Securities Journal)
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