Although it is illegal for fund managers to "pretend", this phenomenon has always existed in the industry. On Monday, the Securities Times reporter reported this phenomenon. On Tuesday, the regulatory authorities issued relevant regulatory policies.
"I heard that this policy was decided by the CSRC on Monday night, and the fund company will implement it on Tuesday." Some insiders told reporters.
According to industry insiders, in the past, when applying for new fund products, in fact, fund companies also need to make relevant commitments, and fund managers need to do a good job in fund investment diligently. Yesterday, the CSRC put forward new requirements for fund companies, demanding a separate commitment to "name". At the same time, it is required that both the proposed fund manager and the inspector general must promise that there is no "nominal" situation.
Liu Yiqian, director of Shanghai Securities Fund Research Center, believes that "nominal" fund managers will not only compromise the integrity of fund managers, but also damage the company's brand. "It may be easier for a well-known fund manager to sell products, but the fund company bears the price of dishonesty, which is actually not worth the candle."
There are two main phenomena of fund managers "nominal". One is that many people are "nominally" single funds, but these fund managers are not all involved in fund operation, so it is difficult for outsiders to distinguish the actual fund managers; Second, traders do not have the qualification of fund managers, and fund managers need to "call the roll".
The phenomenon of "nominal name" has always existed, on the one hand, it is forced by sales pressure, on the other hand, it is also related to the difficulty of identification. Some insiders have analyzed that there are many cases in which multiple fund managers "name" a product. For institutional investors, fund companies can choose to explain clearly, but ordinary individual investors have to distinguish themselves. This article alone is already an obvious information asymmetry.
The insiders believe that prohibiting fund managers from "nominal" can reduce the space and motivation for fund companies to play the edge ball and help improve the standardized operation level of the industry.