Core Viewpoint - The "fixed income +" category has regained popularity among investors as the Shanghai Composite Index fluctuates around 3600 points since August, with a notable increase in the total scale of public "fixed income +" funds reaching 1.73 trillion yuan by the end of Q2 2024, marking three consecutive quarters of growth since Q4 2023 [1][3]. Fund Performance and Strategy - The average yield of "fixed income +" funds in Q2 was 2.42%, outperforming the overall average by 1.28 percentage points, demonstrating strong performance in a volatile market [6]. - "Fixed income +" funds typically invest at least 70% of their assets in bonds, providing a stable income base while allowing for equity exposure to capture market gains, making them appealing in uncertain market conditions [6][10]. Fund Size and Purchase Restrictions - Several high-performing funds have implemented purchase limits, with some restricting daily single-account purchases to as low as 100 yuan, indicating a strategic move to manage fund size and maintain existing investors' returns [1][11]. - The trend of limiting purchases reflects a shift in the industry towards prioritizing investor returns over aggressive growth in fund size, as larger funds can complicate portfolio management and dilute returns for existing investors [11][12]. Industry Trends and Investor Education - The recent regulatory framework emphasizes high-quality development in the public fund industry, encouraging firms to focus on long-term returns rather than merely increasing scale [12]. - Investor education is crucial in helping clients understand the rationale behind purchase limits and the balance between fund size and performance, fostering a more rational investment environment [13][14].