Core Viewpoint - E Fund has announced the suspension of large-scale subscriptions and conversions for two of its mixed funds, aiming to ensure stable operations and protect the interests of existing fund shareholders [1][7][16] Fund Details - The two funds affected are E Fund Pioneer Growth Mixed and E Fund Rui Xiang Mixed, both managed by fund manager Wu Yang [1][7] - The suspension of large subscriptions and conversions is effective from August 26, 2025, with a limit of 1 million RMB per single fund account for both subscription and conversion [3][5] Performance Highlights - E Fund Rui Xiang Mixed, established on June 26, 2015, has a scale of 513 million RMB and a cumulative return rate of 494.44% since inception [9] - E Fund Pioneer Growth Mixed A, established on September 23, 2021, has a scale of 481 million RMB and a return rate of 101.49% since inception [9] - Both funds have shown strong recent performance, with returns exceeding 100% over the past three months and 150% over the past year [7][9] Industry Context - The recent trend of fund companies implementing subscription limits reflects a cautious approach to scale management in the current market environment [16] - This "subscription limit wave" indicates a shift in the public fund industry from merely pursuing scale expansion to focusing on the genuine investment experience and long-term returns for shareholders [16]

本报记者 方凌晨 "五一"假期即将来临，多只货币基金"闭门谢客"。近日，华泰柏瑞基金管理有限公司（以下简称"华泰柏瑞基金"）、长盛 基金管理有限公司、先锋基金管理有限公司（以下简称"先锋基金"）等多家公募机构旗下货币基金发布暂停申购、转换转入及 定期定额投资业务的公告。 例如，华泰柏瑞基金决定从2025年4月29日起暂停华泰柏瑞货币市场证券投资基金、华泰柏瑞天添宝货币市场基金的申购 和转换转入业务，并自2025年5月6日起在代销机构恢复办理基金申购、转换转入业务，届时将不再另行公告。先锋基金决定自 2025年4月29日至2025年5月5日暂停先锋日添利货币市场基金代销渠道申购、转换转入及定期定额投资业务，其他业务仍照常 办理。 还有部分公募机构旗下货币基金暂停大额申购业务、调整大额申购金额上限。举例来说，中邮货币市场基金相关公告显 示，自2025年4月29日起，暂停通过非直销销售机构的非个人投资者单日单个基金账户单笔或累计金额超过人民币1万元的大额 申购（含定期定额投资）业务，并自2025年5月6日起恢复非直销机构非个人投资者大额申购（含定期定额投资）限额为500万 元的业务。 这一现象不仅出现在"五一"假期 ...