首批获准！26只新型浮动费率基金来了！

Core Viewpoint - The article discusses the rapid approval and upcoming launch of new floating fee rate funds in China, highlighting the innovative fee structure designed to align the interests of fund managers and investors [2][3][4]. Group 1: Product Approval and Launch - The first batch of 26 new floating fee rate funds received approval from the China Securities Regulatory Commission (CSRC) on May 23, following their application on May 16, and is expected to be available for subscription soon [1][3]. - The approval process was efficient, reflecting the regulatory body's commitment to implementing reforms in the public fund sector and enhancing investor experience [3][4]. Group 2: Fee Structure and Performance Metrics - The new funds feature a tiered management fee structure with three levels: 1.2% (benchmark), 1.5% (upward adjustment), and 0.6% (downward adjustment), along with performance assessment indicators of outperforming the benchmark by 6 percentage points and underperforming by 3 percentage points [4][5]. - The management fee will be determined based on the investor's holding period and the fund's annualized return relative to its benchmark, promoting a more nuanced approach to fee collection [4][7]. Group 3: Investment Strategy and Market Positioning - The initial products are designed to invest primarily in equities, with performance benchmarks linked to major indices such as the CSI 300 and others, indicating a strong focus on equity investment [9]. - Fund managers are expected to have significant experience, aiming to enhance long-term investment returns and improve investor experience through robust research and ongoing support [9][10]. Group 4: Industry Implications and Future Outlook - The introduction of floating fee rate products is anticipated to become a regular feature in the market, with many fund managers expressing interest in developing similar products [10]. - The emphasis on performance benchmarks is expected to lead to more prudent selection of benchmarks by fund companies, thereby reducing instances of style drift and enhancing investment stability [12][13].