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].