Enhancing the stability of investment behavior, the public offering "consultation" style drifts stubbornly.

Recently, the release of the "Action Plan for Promoting the High-Quality Development of Public Funds" has become a focus event in the industry. Among them, "emphasizing the enhancement of the stability of fund investment behaviors" as one of the key points for promoting the high-quality development of public funds, has attracted considerable attention from institutions. The "Action Plan" proposes to address issues such as "style drift" and "off-market transactions" by setting clear performance benchmarks for each fund product. Supervise fund companies to comprehensively implement long-term assessments, with the weight of assessments over three years not less than 80%... Several public fund professionals interviewed by reporters stated that this measure will help constrain fund investment behaviors, urge investment compliance with the spirit of the covenant, reduce the previous industry phenomenon of fund style drift, and create a more fair environment for fund managers' performance competition. Regarding long-term assessments, several fund managers stated that under this model, they may be able to reduce their burden and break free from the turmoil of short-term market sentiment and "daily rankings watching", enabling them to focus on long-term investments and value investment principles, and allow investments to return to a more rational state.