从证监会了解到，第二批12只新型浮动费率基金产品获证监会注册，后续将陆续发售。这意味着，最快 下周这批产品就可以上架开售。据介绍，与首批产品一致，各家基金管理人设置了1.2%(基准档)、1.5% (升档)、0.6%(降档)的三档费率水平。当投资者持有一年以后赎回产品时，基本符合同期业绩比较基准 的，适用基准档费率；年化收益水平明显跑输业绩比较基准的，适用低档费率；取得正收益且年化收益 显著超越业绩比较基准的，适用升档管理费率。此外，投资者若在一年以内赎回产品，则不适用分档安 排，一律按基准档费率收取管理费。(央视新闻) ...

Core Viewpoint - The new floating fee rate funds are experiencing a competitive issuance phase, with significant marketing efforts from fund companies as the market recovers [2][20]. Fund Issuance and Performance - As of June 11, 2023, 24 new floating fee rate funds have been launched, collectively raising over 8 billion yuan, with nearly 20 funds surpassing the 200 million yuan threshold for establishment [2][8]. - The first batch of 16 new floating fee rate funds began sales on May 27, 2023, with some companies like Dongfanghong Asset Management achieving early success by reaching their fundraising limits quickly [3][6]. - Fund companies are employing differentiated marketing strategies, leading to varied fundraising timelines, with some companies experiencing slower sales than expected [6][8]. Fund Manager Engagement - The first batch of 26 companies receiving approval for new floating fee rate funds includes both large and smaller fund managers, showcasing a mix of experienced and emerging talent [11]. - Fund companies are demonstrating commitment by deploying seasoned fund managers and investing their own capital into the funds, with Dongfanghong Asset Management announcing a self-investment of 10 million yuan [15][18]. Innovations in Fee Structure - The new floating fee rate funds are designed to align the interests of fund managers and investors, promoting a "win-win" scenario through asymmetric fee structures that enhance investor protection [20][21]. - These funds encourage long-term holding and rational investment, aiming to smooth out short-term volatility while enhancing transparency and trust [20][21]. - The fee structure is linked to fund performance and the duration of investment, incentivizing both fund managers to seek long-term excess returns and investors to commit for longer periods [21].

今日，不少人的手机被一则重磅行业新闻占据——首批新型浮动费率基金正式启动发行。 资本市场虽从不缺少新鲜事，但真正能够改写行业逻辑的转折点仍然值得被铭记。 首批新型浮动费率基金发行，为何值得关注？一文厘清背后的逻辑。 以首批产品为例，根据持有期间的年化收益率，费率规则清晰划分为三档： 跑赢基准6%以上且为正收益，适用1.5%的"奖励费率"； 跑输基准3%以上，费率降至0.6%的"让利档"； 其他情况或持有不足1年，维持1.2%的中性费率。 01 什么是新型浮动费率？ ——一场利益共担的范式重构 传统的基金管理费普遍采用固定费率机制，即基金合同一旦签订，无论牛熊更迭、净值涨跌，基金公司始终按按资产净值的固定比例收取管理费。 这种设计在行业早期推动了普惠理财的普及，却也在悄然间埋下矛盾的种子。 新型浮动费率产品的诞生，本质上是一场关于"利益共同体"的范式转移。 其核心规则并不复杂：管理费不再固定，而是随着投资者的持有时间和实际收益动态调整，"收益达标多收、业绩未达少收"。 这种设计犹如一把精准标尺，时刻丈量着基金管理人每一分努力的含金量。 与传统固定费率相比，这一变革蕴含三重突破。 其一，拒绝"旱涝保收"，当市场泥 ...