Core Points - The China Europe Fund has announced the effective contract of the China Europe Xinyue Return One-Year Holding Mixed Securities Investment Fund [1] - The total net subscription amount during the fundraising period was 1,492,947,939.87 yuan, with no interest generated during the fundraising period [1][4] - The fund manager, Lan Xiaokang, has extensive experience in the investment industry, having held various research and management positions since 2011 [1] Fund Details - Fund Name: China Europe Xinyue Return One-Year Holding Mixed Securities Investment Fund [2] - Fund Code: 025989 [2] - Fund Management Company: China Europe Fund Management Co., Ltd. [2] - Fund Custodian: Jiangsu Bank Co., Ltd. [2] - Effective Date of Fund Contract: November 17, 2025 [2] - Fund Classification: Includes sub-funds China Europe Xinyue Return One-Year Holding Mixed A and C [2][4] Fundraising Information - The fundraising period was from November 13, 2025, to November 13, 2025 [4] - The total number of valid subscription accounts was 25,413 [4] - The total net subscription amount was confirmed as 1,492,947,939.87 yuan [4]

Group 1 - The core viewpoint of the articles highlights a significant increase in the number of mutual funds that have ended their fundraising early in 2023, with a total of 375 funds making such announcements, reflecting a growing investor interest in equity funds, particularly in the technology sector [1][2] - Among the 375 funds that ended fundraising early, 225 were equity funds, accounting for 60% of the total, which is a notable increase of 17.75 percentage points compared to the same period last year [1] - The trend of early fundraising closures is seen as a positive indicator of market recovery and investor optimism, as stated by industry experts [1][2] Group 2 - In the equity fund category, passive index funds accounted for over 50% of the early closures, with 115 such funds ending their fundraising early [2] - Active equity funds also saw an increase in early closures, with some funds, like the China Europe Xin Yue Return Fund, exceeding their fundraising target of 1.5 billion yuan on the first day of subscription [2] - Experts suggest that early fundraising closures allow fund managers to secure capital quickly and optimize their investment strategies, enhancing the overall investment experience for investors [2] Group 3 - Despite the positive sentiment around early fundraising closures, experts caution investors to make rational choices and not to blindly chase after these products, emphasizing the importance of understanding the fund's investment scope and the manager's track record [3] - The relationship between early fundraising closures and the quality of the funds is not necessarily direct, as it may reflect market trends and issuance strategies rather than inherent fund quality [3]

Group 1 - The "14th Five-Year Plan" has been officially implemented, providing direction for China's economic and social development over the next five years, creating new opportunities and challenges for the capital market [1] - The Shanghai Composite Index has recently surpassed the 4000-point mark, continuing to fluctuate above 3900 points, indicating a relatively high historical level for the A-share market [1] - The new fund, China Europe Xin Yue Return One-Year Holding Mixed Securities Investment Fund, aims to provide a stable investment option in the equity market through balanced allocation and strict risk control, with an equity investment ratio of 40%-80% [1][2] Group 2 - The fund's one-year holding period is designed to help investors "stay in the market" and reduce anxiety caused by short-term volatility, thereby enhancing the overall investment experience [2] - The fund will be managed by Lan Xiaokang, a veteran with over 14 years of experience in the securities industry, focusing on a low-valuation value strategy to identify quality companies with growth potential [2][3] - The fund's investment strategy includes a full-market stock selection approach, aiming to build a portfolio that balances defensive capabilities and growth potential [1][2] Group 3 - The China Europe Hongli Youxiang A fund, managed by Lan Xiaokang since April 2018, has consistently outperformed its benchmark and the Shanghai Composite Index over multiple market cycles, with a maximum drawdown of -25% [3] - Lan Xiaokang anticipates a comprehensive market upturn, with investment opportunities in both traditional industries and new productive forces, particularly focusing on sectors with low PB valuations [3][4] - The fund has received five-star ratings from several authoritative rating agencies, reflecting its long-term stable performance [3][5]