Group 1 - Beijing Stock Exchange will launch the Bei Zheng Specialized and New Index on June 30, 2025, marking the transition to a dual-index operation phase [3] - The new index will consist of the 50 largest "little giant" companies listed on the Bei Zheng, reflecting the overall performance of specialized and new companies [3] Group 2 - The Shenzhen Stock Exchange announced sample stock adjustments for key indices, including the Shenzhen Component Index and ChiNext Index, effective June 16 [4] - The number of sample stocks adjusted for the Shenzhen Component Index, ChiNext Index, Shenzhen 100 Index, and ChiNext 50 Index will be 20, 8, 3, and 5 respectively [4] Group 3 - As of June 5, the total scale of stock ETFs in the market reached 3.53 trillion yuan, with a net outflow of approximately 50.23 billion yuan on that day [6] - The largest net outflow was from broad-based ETFs, totaling 62.3 billion yuan, with the ETF tracking the CSI A500 Index seeing a net outflow of 18.02 billion yuan [6] Group 4 - The A-share market saw a collective rise in major indices on June 4, with the Shanghai Composite Index up 0.42% and the Shenzhen Component Index up 0.87% [8] - The trading volume in the Shanghai and Shenzhen markets reached 1.15 trillion yuan, an increase of 116 billion yuan from the previous trading day [8] Group 5 - A new floating management fee rate fund has raised approximately 2.6 billion yuan in five days since its launch on May 28, with significant interest in the Dongfanghong Core Value fund [11] - The fund's initial fundraising target was 20 billion yuan, and it is expected to end its fundraising period early due to high demand [25] Group 6 - The public fund industry is experiencing leadership changes, with notable resignations including Xie Wei from Jiao Yin Schroder Fund and Huo Yong from Huatai-PB Fund [12][20] - Xie Wei has been in the fund industry since its inception in 1998 and will officially retire this summer [14] Group 7 - The innovative drug sector has attracted significant market attention, with funds flowing into this area, as highlighted by Wan Minyuan, a well-known fund manager [16] - Wan Minyuan emphasized the long-term positive trend of China's innovative drug industry, driven by policy support and technological breakthroughs, while cautioning against potential valuation bubbles [17]

银华成长智选混合拟任基金经理王晓川日前接受上海证券报记者采访表示，管理任何一类产品所面临的挑战都是不同的，但目标都是持续稳定地战胜基准， 力争为持有人获得更好的收益。在新模式浮动管理费率基金的运作过程中，他仍会按照过往行之有效的投资策略管理组合。 Treassion coooo 谈到如何看待未来一段时间内市场的整体走势和投资机会，王晓川向记者给出了积极的答案："我们对市场保持乐观。"在他看来，买对行业通常是取得超额 收益的关键前提，在行业配置层面，他通常以景气度优先，重配景气度突出的板块。 "股票仓位和买卖时间点大多数情况下是动态调整的，比如盈利预期的上修可能会在板块或者个股上行的初期成为买入理由，但是在一个涨了2-3年的行业或 者个股出现盈利预期的上修可能就不能构成买入理由。"王晓川补充说。 基于新模式浮动管理费率的特点，王晓川表示，在投资策略上，此次银华基金推出的新产品成长智选有更大的仓位灵活度。 "从产品类型上看银华成长智选是混合型基金，股票仓位是60%-95%，在面对市场单边下行的时期，新产品抵御风险的能力或更强。此外，从投资方向上， 成长智选投资范围更广，可能会关注到医药、消费、军工等领域。"他介绍 ...

Core Viewpoint - The launch of Xingzheng Global Heqi Mixed Fund emphasizes a new floating management fee model that deeply binds fees to performance, encouraging long-term holding and aiming for a win-win situation for both managers and investors [1][2] Summary by Sections Floating Fee Mechanism - The fund introduces a floating fee structure where management fees are linked to holding time and performance, with specific rates based on the annualized excess return relative to a benchmark [2] - For holding periods under 365 days, a fee of 1.20% per annum is charged; for periods of 365 days or more, fees vary based on performance, with a maximum of 1.50% for excess returns over 6% and a minimum of 0.60% for returns at or below -3% [2] Fund Management and Strategy - The fund will be managed by Chen Cong, who has 14 years of experience and a strong track record in managing mixed funds, particularly in A-shares and Hong Kong stocks [3] - The fund's investment strategy allows for 0-50% allocation in Hong Kong stocks, with a benchmark comprising 60% A-share index and 20% Hong Kong index [3] Industry Insights and Future Outlook - Chen Cong highlights the distinct advantages of A-shares and Hong Kong stocks, noting the strengths in technology hardware and manufacturing in A-shares, while Hong Kong offers more internet and innovative pharmaceutical assets [4] - The company expresses confidence in the long-term value of A-shares and H-shares, despite current economic conditions being at a low point in a long cycle [4] Company Performance and Research Capabilities - Xingzheng Global Fund has received multiple awards for its management capabilities, ranking 6th out of 64 in stock investment management over the past decade, with a return of 83.25% [4] - The company emphasizes the importance of research depth, with over 41% of its team dedicated to investment research, and has established a robust communication mechanism among research personnel [5] Research Team Structure - The research team is organized into five groups focusing on TMT, cyclical industries, consumer goods, new energy, and machinery/military, led by experienced analysts or fund manager assistants [5] - The company aims to enhance its research capabilities through continuous training and by forming cross-industry teams to quickly respond to valuable investment trends [5]

Core Insights - The first batch of 16 floating management fee rate funds has seen significant interest, with some products reaching their fundraising limits and ending their subscription early [1] - The Oriental Red Core Value Fund achieved a fundraising limit of 2 billion yuan, leading the pack due to strong customer service capabilities from distribution channels like Pudong Development Bank and Oriental Securities [1] - The shift in the public fund industry is moving from a focus on scale to a focus on returns, with only 6 out of 26 products setting fundraising limits [2] Fund Details - The Oriental Red Core Value Mixed Fund was the first to reach its fundraising cap of 2 billion yuan and will no longer accept new subscriptions from June 5 [1] - Other funds in the first batch include E Fund Growth Progress Mixed Fund with a cap of 5 billion yuan, and GF Value Steady Mixed Fund with a cap of 8 billion yuan [2] - As of June 4, the combined issuance of E Fund Growth Progress, GF Value Steady, and Harvest Growth Winning reached 760 million yuan [3] Market Dynamics - Following the Dragon Boat Festival, new floating fee rate products are being launched, indicating a competitive sales environment among distribution channels [6][7] - Institutions are increasingly investing their own funds into floating fee rate funds to demonstrate commitment to investors [9] - The China Securities Regulatory Commission has introduced a plan to promote high-quality development in public funds, emphasizing investor interests and performance-based fee structures [10]

【导读】首只浮动费率基金提前结募，东方红核心价值募集触发20亿元上限 中国基金报记者 曹雯璟 首批浮动费率发行第6天，迎来首只提前结募产品。 6月4日晚间，东方红资产管理发布公告称，东方红核心价值募集触发20亿元规模上限，提前结束募集。6月5日起不再接受新的认购申请。 首只浮动费率基金提前结募 6月4日晚间，东方红资产管理发布公告称，旗下东方红核心价值6月4日提前结束募集，6月5日起不再接受新的认购申请，原定募集截止日为6月17日。根 据此前发售公告，该基金自5月27日发行，募集上限为20亿元。 东方红资产管理称，如需对基金募集期最后一日的有效认购申请采用"末日比例确认"的原则予以部分确认的，公司将另行公告认购申请确认比例。 这是全市场首只发布提前结募公告的新型浮动管理费率基金。据中国基金报记者了解，浦发银行累计销售规模达9.4亿元，东方证券代销规模超4.7亿元。 业内人士指出，东方红核心价值混合基金发售6个工作日便提前结束募集，反映出市场对浮动费率主动管理产品的热情。一方面，近期权益市场回暖，投 资者更青睐具备历史长期业绩验证的基金经理管理的产品，而东方红核心价值混合基金拟任基金经理周云的代表作相对沪深30 ...

发行规模居前基金仍以债基为主 512只 截至5月28日，今年以来已有512只新基金成立，合计发行份额达4060.84亿份。其中，新成立股票型基 金317只，发行份额1648.46亿份。 ● 本报记者 王宇露 今年以来，新成立基金发行份额已超过4000亿份。其中，股票型基金的发行份额达1648.46亿份，占比 显著上升至40.59%；债券型基金的发行份额占比则有所下降，不过发行规模居前的产品仍以债券型基 金为主。整体来看，权益类基金成为基金公司的发行重点，其中被动指数产品的发行更是占据绝对主导 地位。展望后市，新型浮动费率产品有望成为基金公司未来的布局重点。 华夏上证科创板综合联接A发行份额达48.92亿份，是今年首发规模最大的权益类基金。易方达上证科创 板综合联接A发行份额达43.62亿份，也位居今年首发权益类基金规模前列。 权益类基金占比持续提升 值得注意的是，股票型基金明显成为基金公司今年布局的重点，尤其是被动指数产品。2024年全年债券 型基金的发行份额占比为70.19%，今年以来这一数据显著下降，股票型基金的发行份额占比则从 21.14%显著上升至40.59%。 今年以来新成立的317只股票型基金，包 ...

责任编辑：公司观察 | 基金代的 | 基金消防 | 超含全程 | 资源网易书公所日 | [2][한글] | 基全面積 | 灰行動種 认顯方式 | BATTAHH | | --- | --- | --- | --- | --- | --- | --- | --- | | 023794.OF | 新闻网 -- www. | 图得图片的80元前的。 | 2025-05-24 | 中十周年代表示 | 1.00000 | - 金額认知 分割輸入 金額融資 * 日比例購入 | 2025-05-27 | | 024372.00 | 不必须是情以方面积极的 | 平石油品加入疗机购设 | 2025-05-24 | 第22 民合影音公 | 00001 | - 含循人院 金盛顿家 | 2024-09-21 | | 024429.06 | 后力日报心前圈。 | 原力用候(利德家典型。 | 2025-05-24 | 图胶带角型基金 | 1.0000 | · | 2025-05-27 | | 024431.0F | 本国与美程度 | 需因为黄花露出型变 | 3035-02-34 | ARRANA | 1.0000 | · 全额认照 全部 ...

首批26只浮动费率基金闪电获批，16只产品5月27日集中发售！ 5月23日，首批26只新型浮动费率基金获得证监会批文，距离上报仅一周。 5月24日，华夏、嘉实、易方达、南方、汇添富、富国、广发等16家基金公司集体公告，旗下浮动费率基金产品发行定档，均将于5月27日开启发行，多数产 品将于6月中下旬结束认购。 公开资料显示，首批26只新型浮动费率基金中，已有华夏瑞享回报混合、嘉实成长共赢混合、易方达成长进取混合、南方瑞享混合、汇添富均衡潜力优选混 合、博时卓睿成长股票、富国均衡配置混合、银华成长智选混合、广发价值稳进混合、天弘品质价值混合、中欧大盘智选混合、华安竞争优势混合、宏利睿 智领航混合、平安价值优享混合、东方红核心价值混合、交银施罗德瑞安混合等16只基金发布公告（见下表所示），定于5月27日开始发行，认购截止日期 集中在6月中下旬。 | 序号 | 代码 | 名称 | 复蓝公司 | 基金经理 | 草集份额上 限(亿份) | 投资类型 | 认购起始 | 认购截止 | 认购天数 | 基金托管人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Group 1 - The core viewpoint of the article highlights the transition of China's public fund industry from a "scale-oriented" development model to a performance-oriented one, driven by the introduction of floating fee products [1][2] - The China Securities Regulatory Commission (CSRC) has officially moved floating fee funds from pilot status to normalization, with several leading fund companies, including Manulife Fund, obtaining approval for related products [2] - Floating fee funds link management fees to fund performance or holding period, breaking traditional fee structures and aligning the interests of fund managers with investors, thereby enhancing the investment experience [1][2] Group 2 - Manulife Fund, as the first foreign-controlled public fund company in China, expresses confidence in the steady growth of the Chinese economy and the healthy development of the capital market [3] - As of Q1 2025, Manulife Fund's total managed assets reached 115.8 billion, with non-monetary management assets at 68.4 billion, showing growth significantly above the industry average [3] - The average return of Manulife Fund's active equity funds over the past year was 23.09%, ranking 6th in the industry, while the five-year average return was 64.58%, ranking 12th, indicating strong mid-to-long-term performance [3]

首批新型浮动管理费率基金获批仅一天后，已有产品火速定档。5月25日，北京商报记者注意到，已有16家基金管理人发布份额发售公告等文 件，明确相关产品将于5月27日开售，募集结束时间则有所不同。募集金额方面，个别基金产品设置了50亿元的上限，多数则未设置募集上 限。在业内人士看来，新型浮动管理费率基金或会受到投资者追捧，这类产品与投资者收益挂钩，有利于提升投资者的参与积极性。 汇添富基金表示，新型浮动费率产品打破了传统的固定管理费模式，以制度创新深化行业供给侧改革，将管理人报酬与投资者收益深度绑定， 真正实现了"收益共享、风险共担"，将推动行业从规模导向向价值创造转型。同时，新型浮动费率产品聚焦于优化全周期投资体验，将有效减 轻投资者在持有回报不佳时的成本负担，增强投资者信心和信任，引导行业聚焦核心投研能力与风险管理能力的提升，进而提高整个行业的服 务质量和投资绩效。 华安基金也提到，优化主动管理权益类基金收费模式，推行主动管理权益类基金与基金业绩表现挂钩的浮动管理费率收取模式，不仅是行业发 展的必然趋势，更是提升投资者获得感、推动行业高质量发展的重要举措。 多位资深基金经理拟任"舵手" 上述产品定档的同时，拟任 ...