首批新型浮动费率基金获批，会成为投资者投资基金的首选吗？

Core Viewpoint - The approval of the first batch of new floating rate funds represents an innovative approach to fund management fees, which are now tiered based on fund performance relative to benchmarks [2][3]. Fund Management Fee Structure - The new floating rate funds implement a tiered management fee system based on performance, with three scenarios for investors holding for one year or more [5][6][7]. - For investors holding for less than one year, a flat management fee of 1.2% is charged regardless of fund performance [4]. - If the fund's annualized return exceeds the benchmark return by 6%, a management fee of 1.5% is applied [5]. - If the fund's annualized return is less than the benchmark return by 3%, a reduced fee of 0.6% is charged [6]. - All other performance scenarios result in a management fee of 1.2% [7]. Investor Suitability and Market Impact - The high holding period requirement suggests that these funds are more suitable for long-term investors rather than short-term traders [8]. - The small difference between the highest and lowest management fees may limit the attractiveness of these funds to investors [3][8]. - The introduction of floating rate funds aligns the interests of fund companies and investors, promoting a shared risk model [8]. Future Trends in Fund Management - The approval of these funds may lead to more innovative products in the future, enhancing investor choices [8]. - The shift towards performance-based fee structures indicates a significant change in how fund managers will be evaluated, moving away from merely growing assets under management [8]. - As fund managers focus more on asset allocation and performance, the pressure to deliver superior returns will increase, benefiting both investors and fund managers [9].