□本报记者王鹤静 近期新发的公募基金中，基金管理人主动采取规模"限高"正在成为趋势。中国证券报记者注意到，多位 知名基金经理"挂帅"的含权新品，普遍设置了相对较低的首次募集规模上限。闫思倩管理的鹏华制造升 级、李剑锋管理的易方达港股通科技、赵伟管理的富国医药升级等，均已按照首次募集规模上限迅速结 束募集并宣告成立，拟由蓝小康管理的中欧价值领航也宣告一日结募。 中国证券报记者从业内了解到，一方面，部分基金管理人希望通过控制初始规模，为基金经理预留充足 的空间以打磨投资策略，避免规模过大对操作效率形成干扰，以扎实的业绩建立投资者信任；另一方 面，部分渠道也在主动压降首发规模上限，并且基于后续的业绩考核以决定持营安排，通过提升持有体 验与投资者形成良性的互动。整体来看，行业追求首发规模的习惯正在改变，产品的长期生命力将成为 重中之重。 新发基金主动"限高" 近期，知名主动权益基金经理闫思倩管理的鹏华制造升级、李剑锋管理的易方达港股通科技、赵伟管理 的富国医药升级均已严格按照20亿元、20亿元、10亿元的首次募集规模上限迅速完成募集，并且宣告成 立。 公告资料显示，上述三只基金均于10月9日起发行，并集体宣告提前结束 ...

Core Viewpoint - The trend of actively limiting the initial fundraising scale of newly launched public funds is emerging, with several well-known fund managers setting relatively low fundraising caps to enhance operational efficiency and build investor trust through solid performance [1][3][5]. Group 1: Fundraising Trends - Recently launched public funds, such as those managed by Yan Siqian, Li Jianfeng, and Zhao Wei, have set initial fundraising caps of 2 billion, 2 billion, and 1 billion respectively, and completed fundraising quickly [1][2]. - The three funds began issuing on October 9 and announced early closure of fundraising by October 10, attracting 11,992, 14,689, and 4,039 investors respectively [2]. - Other funds, including the China Europe Value Navigator managed by Lan Xiaokang, also announced early fundraising closure after just one day of issuance [2]. Group 2: Strategic Focus - Fund managers are controlling initial fundraising scales to allow ample space for refining investment strategies and to avoid operational inefficiencies caused by excessive scale [3][4]. - The shift in focus from initial fundraising to post-establishment operations and investor education is becoming more pronounced, aligning with the growing demand for better investment experiences [3][5]. Group 3: Industry Evolution - The public fund industry is moving away from the previous focus on initial fundraising towards a greater emphasis on the long-term viability of products, aiming to build trust through consistent performance [4][5]. - Fund companies are increasingly aware of the need to control initial fundraising limits and prioritize operational performance and investor feedback post-establishment [5]. - The industry is transitioning from a high-speed growth model to a high-quality development model, emphasizing the importance of long-term value and investor education [5].