Core Viewpoint - The introduction of innovative floating fee rate funds has gained initial recognition from investors, significantly outperforming traditional actively managed equity funds and revitalizing the sluggish fund issuance market [2] Fund Performance and Investor Sentiment - Among the first batch of 26 floating fee rate funds, 13 have announced their establishment, raising a total of over 12.6 billion yuan, with an average fundraising size of approximately 969 million yuan per fund [1] - The top-performing fund, Dongfanghong Core Value A, raised 1.991 billion yuan, becoming the only fund to reach the 2 billion yuan cap, while E Fund Growth Progress A and Ping An Value Enjoy A followed with 1.704 billion yuan and 1.322 billion yuan respectively [3] - The popularity of funds varies, with E Fund Growth Progress A leading in subscription numbers at 47,301, indicating strong retail appeal, while some funds attracted fewer than 2,000 subscriptions [3][4] Fundraising Efficiency and Market Dynamics - The fundraising process for these innovative products was notably efficient, with Dongfanghong Core Value A closing in just 9 days, and most funds completing their fundraising in 22 to 23 days, significantly shorter than the industry average [5] - The floating fee rate mechanism, which ties management fees to fund performance, has increased investor enthusiasm and willingness to make quick investment decisions [5][6] Investment Strategy and Fund Management - The establishment of these funds marks the beginning of their investment journey, with several funds already commencing their investment operations shortly after establishment [7] - The floating fee structure influences fund managers' strategies, as their compensation is directly linked to fund performance, prompting a cautious approach to market entry to maximize returns while managing risks [7][8] Long-term Performance Expectations - Experts emphasize that the true test for floating fee rate funds will be their ability to consistently generate significant excess returns over the medium to long term, validating the advantages of the fee structure through net asset value growth [8]