Workflow
新型浮动费率基金
icon
Search documents
公募基金周报:最大货基余额宝官宣降费-20250929
CAITONG SECURITIES· 2025-09-29 07:38
最大货基余额宝官宣降费—公募基金周报 证券研究报告 基金周报 / 2025.09.29 分析师 缪铃凯 SAC 证书编号:S0160525060003 miaolk@ctsec.com 分析师 韩乾 SAC 证书编号:S0160525060004 hanqian@ctsec.com 分析师 张淼 SAC 证书编号:S0160525080008 zhangmiao@ctsec.com 相关报告 1. 《单周新发基金规模创近 3 年新高—公 募基金周报》 2025-09-22 2. 《第二批科创债 ETF 集体结募—公募基 金周报》 2025-09-15 3. 《二季度末资管产品总规模达 75.38 万 亿元—公募基金周报》 2025-09-08 核心观点 请阅读最后一页的重要声明! | 卒立同]以 『分析九]以白 | | --- | | | | ❖ 重要资讯:境内公募基金总规模首次突破 36 万亿元;首批新型浮动费率基 金收益向好;科创板 ETF 数量突破百只大关。 ❖ 市场回顾:上周(20250922-20250926,下同)A 股市场主要宽基指数呈 现上涨趋势。截至上周五收盘,上证指数收于 3828.11, ...
首批新型浮动费率基金陆续开放 嘉实成长共赢混合基金放开申购
Zheng Quan Ri Bao Wang· 2025-09-17 10:49
新型浮动管理费基金因其费率锚定业绩基准的特性,天然成为主动管理能力的"试金石",首批新型浮动 费率基金的平稳运作也起到了良好示范效应。数据显示,截至目前,首批26只新型浮动费率基金中有25 只成立以来实现正收益,业绩表现前三的产品收益率均超30%。其中,嘉实成长共赢等大幅跑赢基准。 新机制下,业绩比较基准的作用进一步强化,可帮助投资者明确产品定位、投资风格和预期收益水平 等。 本报讯 (记者王宁)近日,首批新型浮动费率基金陆续迎来开放。嘉实基金公告称,作为首批创新型 浮动费率"新基金"之一的嘉实成长共赢混合型基金(A类024433/C类024434)自2025年9月18日起开始 办理基金份额的申购、赎回、转换和定期定额投资业务。 作为首批新型浮动费率基金,嘉实成长共赢混合在瞄准市场丰富机遇的同时实行差异化费率设计,在满 足一定持有期限的前提下根据每笔投资的超额回报水平分档收费。不仅有助于引导投资者坚持长期投 资,还可以将管理费率细化至"每位客户、每一份额",让投资者能够更直观地感受到"多赚多付、少赚 少付",进一步强化"收益共享、风险共担",有助于提升投资体验、形成良性循环。 展望未来,李涛表示,市场短期良性 ...
有人进场,有人观望!新基金建仓节奏分化
Core Insights - Recent strength in the equity market has led to a dilemma for newly established funds regarding the timing of their investments [1][2] - Some fund managers have begun to build positions, while others remain cautious and are observing market conditions [3][4] Fund Activity - Several newly established funds, such as the Guotai Quality Core Mixed Fund, have started building positions shortly after their inception, with the fund's net value rising to 1.0035 within a week of its launch [2] - The healthcare sector has gained attention, with funds like the Jianxin Medical Innovation Stock Fund seeing a return of 2.45% since its establishment [2] - Other funds, including the Yifangda Value Return Mixed Fund, have shown slight fluctuations in net value since their launch [2] Manager Strategies - Not all fund managers are actively investing; for instance, renowned manager Xu Yan has maintained a largely "empty" position in his newly established fund, with a total return of -0.06% as of September 10 [3] - Some managers are making selective purchases, such as Ji Jun Kai from Haifutong Fund, who recently increased his stake in a technology ETF based on long-term industry trends [3] Market Outlook - Fund managers suggest that investors should evaluate their strategies based on current market conditions, with a focus on a "core + satellite" approach for A-share allocations [4] - The overall market is perceived to be in a historically average range, with equities still offering attractive allocation opportunities compared to bonds [5]
A股将迎新“弹药”
财联社· 2025-09-04 14:54
Core Viewpoint - The article highlights the sustained enthusiasm for equity fund issuance in September, with a focus on growth-style funds and key sectors such as high-end manufacturing, artificial intelligence, and pharmaceuticals [2][5][10]. Fund Issuance Trends - In September, a total of 124 new funds were launched, with 85 being equity funds, accounting for approximately 68% of the total [6]. - Growth-style funds remain the dominant category in new fund issuance, with notable examples including Huian Growth Navigation Mixed A and Puyin Ansheng Hong Kong Stock Connect Technology Index A [7]. Sector Focus - High-end manufacturing is a key focus for many public funds, with products like Invesco Great Wall High-end Equipment Stock and Huatai-PB Manufacturing Theme Mixed A launched in September [8]. - The robotics segment within high-end manufacturing is also attracting public fund interest, with products like Everbright Prudential National Robot Industry Index and Fortune National Robot Industry ETF being launched [9]. - The artificial intelligence sector is another area of significant investment, with funds such as Huaan ChiNext AI ETF and Huaxia SSE Sci-Tech Innovation Board AI ETF Link A set to launch [10]. - The pharmaceutical sector, which has seen notable recovery, will also see multiple products launched, including Southern National Hong Kong Stock Connect Innovative Drug ETF and Oriental Red Medical Innovation Mixed (QDII) A [10]. New Fund Types - Several broad-based index funds and new floating fee rate funds are also being issued in September, with many tracking flexible markets like the ChiNext and Sci-Tech Innovation Board [11]. - The second batch of new floating fee rate funds, including industry-themed products, is set to launch, catering to diverse investment needs [13]. Market Sentiment - Investor enthusiasm for fund subscriptions is rising, exemplified by the early closure of the招商均衡优选混合 fund due to exceeding the 5 billion RMB cap on its first day of sale [4][14]. - Despite recent market fluctuations, industry experts believe that the emergence of "daylight funds" and the ongoing issuance of equity funds reflect investor confidence in future market opportunities [15].
首只超20亿!第二批新型浮动费率基金发行提速 首批26只最高收益超10%
Cai Jing Wang· 2025-08-15 06:38
Group 1 - The core viewpoint of the news is the rapid market acceptance of floating fee rate funds, highlighted by the successful fundraising of the China Europe Fund's Core Intelligent Mixed Fund, which raised a total of 2.117 billion yuan during its subscription period [1][2] - The China Europe Core Intelligent Mixed Fund became the first floating fee rate product to exceed 2 billion yuan in fundraising, indicating a significant milestone in the market [1][2] - The early closure of fundraising for both the China Europe Core Intelligent Mixed Fund and the E Fund Value Return Mixed Fund reflects a growing recognition of floating fee rate products in the market [1][2] Group 2 - The China Securities Regulatory Commission's action plan emphasizes the establishment of a floating management fee mechanism linked to fund performance, aiming to align the interests of fund managers and investors more closely [2] - The second batch of 12 new floating fee rate funds received approval on July 24, with several asset management companies participating for the first time, indicating a broader industry shift towards this fee structure [2] - The China Europe Core Intelligent Mixed Fund and E Fund Value Return Mixed Fund were among the first to launch in this new batch, with both funds closing their fundraising early [2] Group 3 - The China Europe Core Intelligent Mixed Fund features a unique "quarterly distribution upon meeting standards" clause, allowing for cash dividends to be distributed without requiring investors to redeem their shares, enhancing investor comfort and cash flow [3] - As of August 14, 24 out of 26 funds launched have achieved positive returns since inception, showcasing the performance potential of floating fee rate funds [4] - The average fundraising amount for new floating fee rate funds this year is approximately 1.014 billion shares, significantly higher than the average of 420 million shares for actively managed equity funds, indicating strong market demand [4]
第二批新型浮动费率基金提前结募,有产品“吸金”超20亿元
Hua Xia Shi Bao· 2025-08-15 02:41
Core Insights - The second batch of new floating-rate funds, including the China Europe Core Smart Mixed Fund, has seen strong market demand, with the first fund raising over 2 billion yuan and ending its fundraising early [2][3][4] - The China Securities Regulatory Commission (CSRC) has been promoting the development of public funds, including floating-rate fund trials, which has led to a total of 26 funds in the first batch raising over 25.8 billion yuan [2][6] - The second batch consists of 12 funds, including 2 equity funds and 10 mixed funds, focusing on various sectors such as pharmaceuticals and high-end manufacturing [6][7] Fund Characteristics - The China Europe Core Smart Mixed Fund features a "benchmark + floating" fee structure, which is attractive to investors, and includes a quarterly dividend distribution mechanism [4][6] - The fee structure for the second batch of floating-rate funds is more diversified, with three tiers based on performance, allowing for a more tailored approach to investor needs [6][7] - The second batch's focus on specific industry themes is expected to better align with international capital interests, potentially attracting more foreign investment [7] Market Trends - The early closure of fundraising for two funds indicates a growing acceptance and recognition of floating-rate funds in the market [4][8] - Investors are becoming increasingly cautious and are focusing on fund managers' capabilities and fee structures, which may lead to a more competitive environment for fund management [7][8] - The floating-rate fund model aligns the interests of fund managers and investors, potentially leading to better performance and lower costs for investors [7][8] Challenges Ahead - Despite the advantages of floating-rate funds, challenges remain, including market volatility and the need for investor education regarding fee structures [8][9] - The long-term success of floating-rate funds will depend on their ability to deliver consistent performance and gain market trust [9]
易方达,大消息!超20亿
Sou Hu Cai Jing· 2025-08-14 03:54
Group 1 - The core point of the article is the successful fundraising of the E Fund Value Return Mixed Fund, which exceeded 2 billion yuan and ended its subscription early on August 13 [2][4] - The E Fund Value Return Mixed Fund is the second floating fee rate fund to achieve a fundraising scale of over 2 billion yuan, following the China Europe Core Select Mixed Fund [4][6] - The issuance of new floating fee rate funds is gaining momentum, with two out of three funds in the second batch reaching the 2 billion yuan mark, compared to only two out of 26 in the first batch [6] Group 2 - The new floating fee rate products have seen accelerated approval and issuance this year, with the first batch of 26 funds raising over 25.8 billion yuan [8][9] - The performance of the first batch of floating fee rate funds has been positive, with most achieving positive returns since their establishment, benefiting from favorable A-share market conditions [9]
易方达,大消息!超20亿
中国基金报· 2025-08-14 03:45
Core Viewpoint - The issuance of new floating-rate funds is gaining momentum in the market, with the E Fund Value Return Mixed Fund raising over 2 billion yuan and ending its subscription early [2][4][6]. Fund Issuance Details - The E Fund Value Return Mixed Fund announced the early closure of its fundraising on August 13, having started on August 4, with a target end date originally set for August 20, 2025 [4][6]. - This fund is part of the second batch of floating-rate funds, which includes the China Europe Core Select Mixed Fund and the Jianxin Medical Innovation Stock Fund, both of which also launched on the same day [4][6]. - The second batch of floating-rate funds has seen two out of three funds reach a fundraising scale of over 2 billion yuan, indicating a significant increase in market interest compared to the first batch [6]. Market Trends - The approval and issuance of new floating-rate products have accelerated since May 2023, following the China Securities Regulatory Commission's action plan to promote high-quality development of public funds [8]. - The first batch of 26 floating-rate funds launched on May 27, raising a total of over 25.8 billion yuan [9]. - As of August 12, most of the first batch of floating-rate funds have achieved positive returns, with some funds showing significant net asset value growth since their inception [10]. Future Outlook - Analysts suggest that the positive performance of the A-share market, particularly the Shanghai Composite Index breaking the 3600-point mark, is likely to attract more capital into the market as new floating-rate products are issued [11].
刚刚!首只超21亿,提前卖光了
Zhong Guo Ji Jin Bao· 2025-08-12 10:40
Core Insights - The first floating fee product exceeding 2.1 billion yuan has completed its fundraising ahead of schedule, indicating strong investor interest in this new fee structure [1][2][4] Fundraising Details - The China Europe Core Select Mixed Fund announced an early closure of its fundraising on August 12, with a total raised amount exceeding 2.1 billion yuan [2][4] - The fundraising deadline was moved from August 15 to August 12, and no further subscriptions will be accepted from August 13 [2] - Banks remain the dominant sales channel, with Industrial Bank contributing significantly to the sales volume [2] Market Context - The early closure and high fundraising amount reflect investor confidence in the "performance-linked fee" model, coinciding with a recovery in the equity market and increased risk appetite [4] - The first batch of floating fee funds has shown positive performance, with nearly all funds reporting gains since inception, further encouraging investor participation [6][7] Fund Management - The China Europe Core Select Fund employs a dual fund manager system, with Zhang Cong and Song Ting as the proposed managers, both having significant experience in the investment sector [4] - The fee structure for these funds includes three tiers based on performance relative to benchmarks, incentivizing managers to achieve higher returns [5] Performance Metrics - As of August 11, the first batch of 26 floating fee funds has mostly achieved positive returns, with the highest return being 10.23% for the fund established on June 27 [6] - The performance benchmarks for these funds vary, with specific indices set for comparison, such as the CSI 800 Index and the Hang Seng Medical Care Index [5] Industry Trends - The floating fee fund model is expanding into various sectors, including healthcare and manufacturing, indicating a broader acceptance and potential for growth in this fund type [7] - The success of the initial floating fee funds may lead to increased participation from other fund companies, creating a ripple effect in the market [7]
2只第二批新型浮动费率基金将提前结束募集
Group 1 - The core viewpoint of the article highlights that two funds, the Central European Core Select Mixed Fund and the E Fund Value Return Mixed Fund, have announced an early closure of their fundraising periods [1] - The Central European Core Select Mixed Fund has moved its fundraising deadline from August 15 to August 12, ceasing to accept subscription applications from August 13 [1] - Similarly, the E Fund Value Return Mixed Fund has advanced its fundraising deadline from August 20 to August 13, stopping subscription applications from August 14 [1] Group 2 - This marks the early closure of two products in the second batch of new floating rate funds [1]