首批26只新型浮动费率基金落地

Core Viewpoint - The first batch of performance-based innovative floating fee rate funds has been officially approved, marking a significant development in the public fund industry in China [1][5]. Group 1: Fund Approval and Structure - The first batch of funds was collectively submitted for approval on May 16, received acceptance on May 19, and was approved on May 23 [2]. - Multiple public fund companies, including E Fund, Fuguo, and Huaxia, will send their top-performing fund managers to manage these funds [1][2]. Group 2: Fee Structure and Management - The approved products feature a three-tier fee structure: 1.2% (base), 1.5% (upward adjustment), and 0.6% (downward adjustment) [3]. - The management fee is determined based on the holding period and the fund's performance relative to a benchmark, with specific conditions for each fee tier [3]. - This innovative fee model aims to align the interests of fund managers and investors, encouraging managers to enhance their investment capabilities and pursue stable, sustainable performance [3][4]. Group 3: Industry Impact and Future Outlook - The floating fee rate funds are expected to benefit long-term investors by optimizing fee structures and reinforcing the alignment of interests between fund managers and investors [3][4]. - The approval of these funds is part of a broader initiative by the China Securities Regulatory Commission to promote high-quality development in the public fund industry [5]. - The public fund industry in China has grown significantly, with a management scale exceeding 32 trillion yuan, indicating its integral role in the capital market and household finance [4].