Core Viewpoint - The announcement details the effective contract of the China Europe Fund's China Europe Youli Bond Fund, highlighting its successful fundraising and management team background [1][2][3] Fund Details - Fund Name: China Europe Youli Bond Fund [2] - Fund Abbreviation: China Europe Youli Bond [2] - Fund Main Code: 025305 [2] - Fund Operation Type: Contractual, Open-ended [2] - Fund Contract Effective Date: October 24, 2025 [2] - Fund Manager: China Europe Fund Management Co., Ltd. [2] - Fund Custodian: Bank of China Co., Ltd. [2] Fundraising Information - Total Net Subscription Amount During Fundraising: ¥1,951,405,398.56 [1][3] - Interest Earned During Fundraising Period: ¥473,731.55 [1][3] - Total Fund Shares: 1,951,879,130.11 shares [1][3] - Number of Valid Subscription Accounts: 3,579 [3] Management Team - Fund Manager: Huang Hua, with previous experience at Ping An Asset Management and China Ping An Group [1]

Core Viewpoint - The "stock-bond seesaw" effect is evident this year, with the A-share market rising while the bond market faces pressure, leading to increased interest in secondary bond funds among investors [1][2] Group 1: Market Trends - The Shanghai Composite Index has broken through key levels of 3600, 3700, and 3800 in August, indicating a strong upward trend in the A-share market [1] - The total scale of secondary bond funds reached 807.7 billion yuan by the end of Q2, with a quarterly increase of 38.5 billion yuan [1][2] Group 2: Investment Opportunities - The newly launched China Europe Fund's Youli Bond Fund expands investment scope to include A-shares, Hong Kong stocks, and stock ETFs, aiming for diversified investment opportunities [2] - The secondary bond fund's unique risk-return profile is highlighted, with a maximum drawdown of only -6.93% over the past decade compared to much larger drawdowns in major stock indices [2] Group 3: Fund Management - The fund manager, Huang Hua, has 17 years of experience in the securities industry and emphasizes risk control and liquidity management in investment strategies [3] - The China Europe Fund's Youli Bond Fund is supported by a diverse investment research team with an average of over 9 years of financial experience, ensuring a systematic investment decision-making process [4]

Group 1 - The core viewpoint of the articles highlights the increasing interest in secondary bond funds as a stable investment option amidst fluctuating deposit rates and a recovering A-share market [1] - The new fund, China Europe Youli Bond Fund, is set to launch on October 9, aiming to balance risk and return by investing at least 80% in bonds and 5%-20% in equity assets [1] - The fund manager, Huang Hua, has 17 years of experience in the securities industry and has demonstrated strong performance in managing other funds, such as China Europe Shuangli A, which achieved a cumulative return of 41.77% since inception [2][3] Group 2 - The fund's strategy includes capturing enhanced returns during stock market recoveries while maintaining a stable income from bond investments [1] - Huang Hua anticipates structural valuation opportunities in the A-share market due to economic transitions and increased risk appetite, suggesting a shift from a previous downward trend in the bond market to a wider range of fluctuations [2] - The fund's flexible trading strategies and balanced asset allocation aim to seize structural opportunities amidst market volatility [2]