Group 1 - The core point of the news is the appointment of Hu Fan as a new fund manager for the Dongcai 30-Day Rolling Bond Fund, which is managed by Dongcai Fund Management Co., Ltd [1][2] - Hu Fan has a background in fixed income investment, having previously worked at Ping An Pension Insurance Co., Ltd. and Xingyin Wealth Management Co., Ltd [1] - The Dongcai 30-Day Rolling Bond Fund was established on June 24, 2025, and as of September 15, 2025, it has recorded a yield of 0.18% and 0.10% for its A and C classes respectively [1] Group 2 - The fund is classified as a public offering securities investment fund, adhering to the regulations set forth in the "Measures for the Administration of Information Disclosure of Publicly Raised Securities Investment Funds" [2] - The fund's main code is 024308, and it is co-managed by another fund manager, Wang Zifei [2]

Group 1 - The core viewpoint of the articles highlights the increasing popularity and growth of bond funds and ETFs in the current low-interest-rate environment, with a significant number of new funds being launched and existing funds achieving record net asset values [1][2][3]. - As of June 9, 2023, a total of 107 new bond funds have been established this year, raising a combined total of 204.9 billion yuan, with 14 funds exceeding 5 billion yuan in fundraising [2]. - The total scale of bond ETFs has surpassed 300 billion yuan, with 29 bond ETFs collectively reaching this milestone, indicating strong market demand and liquidity [2][3]. Group 2 - Over 90% of bond funds have experienced net value growth this year, with 1,304 funds achieving historical highs in June, representing approximately 33.94% of the total [2][3]. - The low-interest-rate environment has made it challenging to secure stable returns, yet bond funds remain attractive due to their potential for steady income and lower risk compared to equities [3][4]. - Fund managers are encouraged to diversify their offerings by incorporating equity investments and developing index funds to meet the varied needs of investors, particularly in sectors aligned with national strategies such as technology innovation and green economy [4].