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第二批浮动费率基金产品,来了!
券商中国·2025-07-04 11:18

Core Viewpoint - The article discusses the launch of the second batch of innovative floating fee rate products in the mutual fund industry, highlighting the positive reception and performance of the first batch, and the ongoing trend towards performance-based fee structures in fund management [1][4][6]. Group 1: Product Launch and Structure - The second batch includes 11 products, with 2 being stock-type and 9 mixed equity funds, following the approval of the first batch of 26 products [1]. - The fee structure for the new products remains consistent with the first batch, featuring three tiers: 1.2% for the benchmark rate, 1.5% for the upper tier, and 0.6% for the lower tier, depending on the fund's performance relative to the benchmark [1][3]. - Products that focus on specific industries or themes, such as high-end equipment and pharmaceuticals, are included in this batch, marking a shift from the all-market selection of the first batch [3]. Group 2: Fundraising Performance - As of the end of June, 24 out of the 26 products from the first batch successfully raised a total of 22.68 billion yuan, with an average fundraising size of 944.5 million yuan per product, significantly outperforming the average of 440 million yuan for other actively managed equity funds in the same period [5][6]. - The positive fundraising results reflect strong market confidence and support from various fund companies, indicating a shift towards prioritizing investor returns over mere scale [6]. Group 3: Industry Implications - The introduction of floating fee rate products is seen as a mechanism to align the interests of fund managers and investors, promoting a shared risk and reward model [3][6]. - The rapid approval and successful launch of the first batch of products demonstrate regulatory support for reforms aimed at enhancing the mutual fund industry's quality and investor trust [6].