又一只，“限购”！

Core Viewpoint - The China Europe Digital Economy Mixed Fund has announced a suspension of large subscriptions exceeding 1 million yuan to ensure stable fund operations and protect the interests of fund shareholders [2][5]. Fund Performance - The fund has achieved over 150% performance in the past year, ranking 8th out of 4349 similar funds [3][8]. - As of the second quarter, the fund's shares have surged to over 900 million, increasing more than tenfold compared to the end of the first quarter [8]. Market Context - The recent recovery in the equity market has led to a wave of "subscription limits" from high-performing actively managed funds [3][11]. - Multiple funds under China Europe have announced similar subscription limits this year, indicating a trend among top-performing funds to manage inflows [9][12]. Investment Strategy - The fund maintains a high allocation focusing on five core investment areas: AI infrastructure, AI applications, domestic AI supply chain, intelligent robotics and driving, and edge AI [8]. - Key stocks in the fund, such as Zhongji Xuchuang, Xinyi Sheng, and Shenghong Technology, have seen significant price increases of over 70%, 126%, and 365% respectively this year [8]. Industry Insights - Industry experts suggest that the trend of limiting subscriptions is primarily to control fund size and maintain the effectiveness of investment strategies [12]. - Limiting subscriptions also aims to protect existing shareholders from potential losses due to market volatility when new funds enter at high valuations [12].