Group 1 - The core viewpoint of the articles is that Yongying Fund has implemented stricter purchase limits for its Yongying Technology Smart Fund to protect existing investors and manage fund size effectively [1][2][4] - As of September 4, 2023, the fund has set a daily purchase limit of 10,000 yuan per account, following a previous limit of 1 million yuan announced a week earlier [1][2][4] - The fund's performance has been exceptional, with a year-to-date return exceeding 177%, making it a leader among all funds [4] Group 2 - The fund's management emphasizes the importance of rational decision-making among investors, particularly in volatile market conditions [5] - The recent trend of limiting fund purchases is observed across the industry, with over a hundred funds implementing similar measures to control growth and maintain investment strategy effectiveness [6] - The rationale behind these limits includes preventing large inflows at high net asset values, which could dilute returns and complicate investment strategies for fund managers [6]

Group 1 - The core point of the article is that Yongying Fund has implemented a purchase limit of 10,000 yuan per day for individual fund accounts of Yongying Technology Smart Selection starting from September 5, 2023, to protect the interests of fund shareholders [1][3] - Yongying Technology Smart Selection has achieved a year-to-date return of 177.8%, ranking first among all funds in the market as of September 3, 2023 [2][3] - The fund's total assets reached 1.166 billion yuan by the end of the second quarter of 2025, with a cumulative increase of 215.03% since its establishment in October 2024 [3] Group 2 - The recent surge in the fund's performance, with a monthly increase of over 47%, has led to increased investor interest, prompting the fund to further tighten purchase limits from 1 million yuan to 10,000 yuan within a week [5] - The fund management emphasizes the importance of rational decision-making among investors, aiming to avoid impulsive large investments due to market emotions and to maintain the stability and effectiveness of investment strategies [3][6] - The industry is witnessing a trend where over a hundred funds have announced purchase limits since August, indicating a shift from scale-oriented strategies to investor return-oriented strategies [2][10]

Core Viewpoint - The article discusses the recent decision by Yongying Fund to impose purchase limits on its top-performing fund, Yongying Technology Smart Selection, which has seen a year-to-date return of 177.8%, the highest in the market. This move is aimed at protecting existing investors and maintaining the fund's investment strategy effectiveness [2][3][9]. Group 1: Fund Performance and Limits - Yongying Technology Smart Selection has achieved a return of 177.8% year-to-date, making it the top fund in the market as of September 3 [2][3]. - The fund's total assets reached 1.166 billion RMB by the end of Q2 2025, with a total increase of 215.03% since its inception in October 2024 [3]. - Starting September 5, the fund will limit individual account purchases to 10,000 RMB per day, following a previous limit of 1 million RMB announced on August 27 [3][5]. Group 2: Reasons for Purchase Limits - The imposition of purchase limits is intended to guide investors towards rational decision-making and to prevent impulsive large investments due to market emotions [3][9]. - The limits also aim to control the growth of the fund's size, ensuring the stability and effectiveness of its investment strategy, thereby securing long-term sustainable returns for investors [3][9]. - The trend of limiting purchases is observed across over a hundred funds since August, indicating a shift in the industry from a scale-oriented approach to one focused on investor returns [2][8][9]. Group 3: Market Context and Future Outlook - The article notes a recent market recovery, which has led to increased interest in high-performing funds, prompting many fund managers to implement purchase limits [2][8]. - The fund management emphasizes the importance of understanding the underlying assets and risks associated with investments, advocating for a cautious approach to investment decisions [6][7]. - Looking ahead, the fund will focus on global cutting-edge models and emerging applications, particularly in the cloud computing industry, to identify investment opportunities [6].