Group 1 - The core viewpoint of the news is the emergence of a "self-purchase wave" in the public fund industry, indicating a shift towards investor-centric fee structures and a focus on performance-based compensation [2][13] - The launch of the Xingzheng Global Hexi Mixed Fund on June 4 marks a significant development in the public fund sector, with the company committing to invest 20 million yuan in its own product [2][3] - The trend of self-purchases by fund companies reflects an ongoing innovation in fee mechanisms, with 16 companies issuing new floating-rate funds simultaneously since May 27 [2][13] Group 2 - The Xingzheng Global Hexi Mixed Fund is one of the first floating-rate funds, managed by Chen Cong, who has a strong background in quantitative analysis and investment management [5][6] - The fund's fee structure is closely tied to its performance, with three tiers based on the fund's annualized return relative to its benchmark [6][7] - The performance of the Xingquan Hong Kong-Shenzhen Two-Year Holding Mixed Fund, managed by Chen Cong, has faced challenges, underperforming its benchmark by 16.54% [6][7] Group 3 - The China Europe Fund also participated in the self-purchase trend, investing 10 million yuan in its floating-rate fund, the China Europe Large Cap Smart Selection Mixed Fund, with a commitment to hold for at least three years [8][11] - The fee structure of the China Europe Fund's new product is designed to align the interests of fund managers and investors, emphasizing risk-sharing [11][13] - The performance of the China Europe Fund's managed products has been strong, with several funds outperforming their benchmarks significantly [12]