首批新型浮动费率基金陆续开启开放申赎 最优者收益率超40%，业内预计浮动费率机制或扩容至债券基金

Core Insights - The first batch of new floating rate funds has been launched, showing a significant increase in net value, with some funds achieving returns over 40% while others reported negative returns [1][2][3] Fund Performance - Among the first 26 new floating rate funds, the average return is close to 13%, with a performance gap of nearly 45 percentage points between the best and worst [2][3] - The top-performing funds include: - Huashang Zhiyuan Return Mixed A: 42.72% - Invesco Great Wall Growth Mixed: 42.41% - Harvest Growth Win Mixed A: 40.27% [2] - Three funds have reported negative returns, with declines ranging from 0.94% to 1.94% [2] Regulatory Framework - The China Securities Regulatory Commission (CSRC) issued a plan in May to promote high-quality development in public funds, establishing a fee structure linked to fund performance [3][5] - The new fee structure encourages long-term holding and aligns the interests of fund managers with investors [3][5] Industry Trends - The floating rate fund model presents high operational thresholds and research requirements, favoring larger fund companies with more resources [4] - The new funds are expected to shift the focus from scale to performance, enhancing long-term investment capabilities and reducing speculative behavior [4][5] - Future expansions may include bond funds and fixed income products as priority areas for development [5]