AMAC: Fund Management Companies Should Comprehensively Establish a Performance Evaluation System Centered on Fund Investment Returns

The Asset Management Association of China (AMAC) has released the "Guidelines for Performance Evaluation Management of Fund Management Companies." It proposes that fund management companies should comprehensively establish a performance evaluation system centered on fund investment returns. Performance evaluation indicators shall include fund investment return indicators, compliance and risk control indicators, and social responsibility indicators, among others.

Fund investment return indicators shall include fund product performance and investor profit/loss situations. Specifically, fund product performance indicators shall encompass net asset value growth rate, comparison with performance benchmarks, and construction of professional investment capabilities. Investor profit/loss situation indicators shall include fund profit rates and the proportion of investors achieving profits.

In the fund investment return indicators, the weight of medium-to-long-term indicators with a duration of three years or more shall not be less than 80 percent.