首批浮动费率基金发售正酣：：东方红核心价值提前结束募集 易方达嘉实超3亿 交银万家不足亿

Core Viewpoint - The public fund market is experiencing a new trend with the emergence of floating fee rate funds, which have shown significant differentiation in their fundraising performance [1][2][4]. Fundraising Performance - The fundraising situation for new floating fee rate funds is notably varied, with some funds achieving strong sales and even ending their fundraising early, such as the Oriental Red Core Value Fund, which ended its fundraising on June 4, 2023, ahead of the scheduled date [4][5]. - Specific sales figures include: - E Fund Growth and Progress Mixed Fund sold 433 million RMB through the Bank of China channel - Harvest Growth and Win Fund sold 361 million RMB through the Bank of China channel - Tianhong Quality Value Fund sold 355 million RMB through the Pudong Development Bank channel - Great Wall Ultimate Return Mixed Fund sold 210 million RMB through the Industrial and Commercial Bank of China channel - Wanji New Opportunity Shared Mixed Fund sold 43.08 million RMB through the Industrial and Commercial Bank of China channel - Jiao Yin Rui An sold 59 million RMB through the Pudong Development Bank channel [1][5]. Market Trends - Since the first batch of floating fee rate funds was launched on May 27, 2023, the market has seen a continuous rise in interest, with 124 public funds opening for subscription in May, averaging a subscription period of 20.05 days [2][6]. - In June, despite only four trading days in the first week, 36 new products were launched, with floating fee rate funds being the highlight of the new offerings [2]. Industry Participation - Several well-known fund companies, including Tianhong Fund, Bosera Fund, and Xingzheng Global Fund, have actively participated in launching floating fee rate funds and have invested their own capital to support these new products, indicating confidence in this innovative model [2][6]. Challenges and Future Outlook - The introduction of floating fee rate products represents a significant innovation in the public fund industry, requiring fund companies and managers to adapt to new operational demands, such as real-time tracking of management fees based on holding periods and performance [6]. - The industry anticipates that self-purchase by fund companies may become a new norm, with leading institutions accelerating their involvement in such products, promoting a healthier model focused on investor interests [6].