首只破20亿元+提前结募，第二批浮动费率基金发行提速

Core Viewpoint - The rapid acceptance of floating fee rate funds in the market is highlighted by the early closure of fundraising for the China Europe Core Smart Mixed Fund and the E Fund Value Return Mixed Fund, indicating a shift in investor preferences towards performance-linked fee structures [1][2][4] Group 1: Fundraising and Market Response - The China Europe Core Smart Mixed Fund raised over 2 billion yuan and ended its fundraising early, becoming the first in the second batch of floating fee rate funds to exceed this threshold [2] - The E Fund Value Return Mixed Fund also announced an early closure of its fundraising period, reflecting a strong market response to these new fund types [2][3] - The second batch of floating fee rate funds has entered a competitive phase earlier than expected, with 12 new products approved and launched [3] Group 2: Fee Structure Reform - The China Securities Regulatory Commission (CSRC) has initiated a reform of public fund fee structures, promoting floating fee mechanisms that link management fees to fund performance [4][5] - The new fee structure aims to align the interests of fund managers and investors, encouraging better risk management and performance [5][6] - The CSRC's action plan emphasizes investor interests and aims for at least 60% of new active equity fund products to adopt floating fee structures within a year [4] Group 3: Advantages of Floating Fee Rate Funds - Floating fee rate funds are designed to enhance the alignment of interests between fund managers and investors, promoting a shared risk and reward model [5][6] - The new fee mechanism allows for differentiated fee structures based on holding periods, encouraging long-term investment while managing liquidity [6] - The performance evaluation system is closely tied to benchmarks, aiming to minimize style drift and enhance active management capabilities [6]