Group 1 - The core point of the article is that the newly launched fund, China Europe Xinyue Return One-Year Holding Mixed Fund, achieved its fundraising limit of 1.5 billion yuan on the first day of issuance, leading to an early closure and the initiation of proportional allocation [2][3] - Since October, nearly 40 funds have announced early closures, with many being actively managed equity products that sold out on the first day [2][7] - The fund was originally set to close on November 26, 2025, but due to high demand, the closure was moved to November 13, 2025, with a partial confirmation of effective subscription applications based on a "last day proportional confirmation" principle [3] Group 2 - The fund manager for China Europe Xinyue Return is Lan Xiaokang, who is also the head of the Value Strategy Group at China Europe Fund [5] - Lan Xiaokang has a strong track record, having managed the China Europe Dividend Enjoyment Mixed Fund, which has outperformed its benchmark and the Shanghai Composite Index over six consecutive years [6] - His investment style is characterized by "contrarian thinking" and "balanced allocation," focusing on the dynamic balance of valuation, corporate quality, and long-term growth [6] Group 3 - The recent trend shows a resurgence in equity fund issuance, with several funds, including the Fortune Fund Xinghe Mixed Fund and the Penghua Qihang Quantitative Stock Selection Mixed Fund, also achieving early closures and high subscription amounts [7][8] - The Fortune Fund Xinghe Mixed Fund raised over 3 billion yuan on its first day, while the Penghua Qihang Fund exceeded the same amount, both leading to proportional allocation [8] - Other actively managed equity funds that closed early include the Penghua Manufacturing Upgrade Mixed Fund and the E Fund Hong Kong Stock Connect Technology Mixed Fund, indicating a strong market demand for equity investments [8]
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Zhong Guo Ji Jin Bao·2025-11-13 11:59