牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 10月24日，嘉实基金公告，嘉实成长共享混合于10月24日提前结束募集。据渠道信息，这只规模 约为30亿元的主动权益产品仅约5天就完成了目标规模。 此前，中欧价值领航也在1天内完成20亿规模的募集。 行情的转暖以及首批浮动费率产品的"成绩单"，成为前述两只产品认购端"不愁卖"的前提。据统 计，首批浮动费率产品至今业绩平均涨幅高达12.47%，更有两只产品成立三个多月涨幅已经超过 四成。 有公募人士解读，首批浮动费率基金的初期业绩整体不差，这有望为第二批基金的募集和后续运作 起到一定示范作用。 新发基金频频提前结募 10月24日，嘉实基金公告，嘉实成长共享混合于10月24日提前结束募集。根据此前信息，嘉实成 长共享混合原定于10月20日至11月7日通过各销售机构公开发售。然而，这只规模约为30亿元的 主动权益产品仅用约5天就完成目标规模。 随着市场转暖，近期新发产品在认购端抢手的情形并不罕见。10月以来，还有多只新产品官宣提前 结募，产品类型包含FOF基金、ETF基金以及QDII基金等。此外，多只规模 ...

【导读】嘉实成长共享混合提前结束募集 中国基金报记者 天心 来自渠道人士的消息透露，新基金一上架便受到投资者青睐，截至10月23日， 该基金 募集规模已 约 30亿元， 今日是最后一天募集，该 基金成为 近期募集规模最大的主动权益基金 之一 。 据了解，嘉实基金在浮动费率创新优化上持续积极探索，本次嘉实成长共享混合也是采用新型浮动费率机制设计，以投资者的最佳利益为 出发点，真正实现"利益共享、风向共担"。作为《推动公募基金高质量发展行动方案》发布以来优化基金运营相关部署的重要落地，基于 业绩比较基准的新型浮动费率基金正逐步"常态化"，这一新基金运营模式也受到越来越多投资者的认可。 值得一提的是，近期多只主动权益新发基金相继提前结束募集，显示市场信心显著回暖和资金对布局机遇的关注。 作为嘉实基金旗下第二只新型浮动费率基金，嘉实成长共享混合短短几日即告提前结募，成为近期市场信心强化、投资者积极布局的又一 例证。 业内人士分析，主动权益基金的发行回暖，也离不开结构性行情之下投资者对基金经理和基金公司平台综合实力的认可。 首批浮动费率基金表现突出 从目前设立的新型浮动费率基金表现来看，不少产品净值已斩获可观涨幅。 又 ...

Group 1 - The core viewpoint of the article is that the public fund fee reform is advancing from a focus on reducing fees to a deeper restructuring of mechanisms, aiming to align the interests of fund managers, sales channels, and investors [1][9][10] - The reform is being implemented in three phases: management fees, trading fees, and sales fees, with significant changes expected in the management fee structure by May 2025 [1][6] - The introduction of floating fee rate funds is a key initiative, with the first batch raising a total of 25.865 billion yuan, significantly outperforming the average fundraising levels of actively managed equity funds [2][3] Group 2 - The second batch of floating fee rate funds has introduced more diverse investment strategies and stricter fee reduction thresholds, enhancing the binding of interests between fund managers and investors [3][4] - The regulatory requirement for fund companies to issue two floating fee rate products for every fixed fee product indicates a shift towards increasing the number of floating fee products in the market [4][5] - Sales fee reforms are expected to significantly impact the fund sales landscape, with proposed changes including the unification and reduction of sales service fees and the elimination of certain commissions [6][7] Group 3 - The fee reform addresses three major pain points in the public fund industry: misalignment of interests, potential conflicts of interest, and a sales-driven model that needs to transition to a client-focused advisory model [9][10] - The industry is experiencing a natural drive towards fee reduction, influenced by increasing investor sensitivity to costs and heightened competition among fund companies [10][11] - The overall goal of the fee reform is to lower the cost burden on investors while promoting a return to the core asset management business, ultimately leading to a more sustainable and mature public fund industry [10][11]

Core Viewpoint - The first batch of 26 new floating-rate funds has seen 13 established with a total fundraising scale exceeding 12.6 billion yuan, indicating strong market interest and a shift towards performance-based fee structures [1][3][6]. Fund Establishment and Performance - As of June 24, 13 out of 26 new floating-rate funds have announced their establishment, raising over 12.6 billion yuan in total [1][3]. - The top three funds by fundraising scale are: - Dongfanghong Core Value managed by Zhou Yun at 1.991 billion yuan - E Fund Growth Progress managed by Liu Jianwei at 1.704 billion yuan - Ping An Value Enjoy managed by He Jie at 1.322 billion yuan [3][4]. Fee Structure and Investor Alignment - The floating-rate funds implement a tiered management fee structure with a "reward for excellence and punishment for poor performance" mechanism, aligning the interests of fund managers with those of investors [1][6]. - If a fund's annualized return lags the benchmark by more than 3 percentage points, the management fee is halved to 0.6%. Conversely, if excess returns exceed 6 percentage points, the fee increases to 1.5% [6]. Investment Strategies and Manager Profiles - Fund managers are divided into three styles: growth, value, and balanced strategies, with a focus on A-shares and Hong Kong stocks for diversification [6][7]. - Growth-style managers focus on sectors like technology and emerging consumption, while value-style managers prefer low-valuation, high-return on equity companies [7][10]. Market Trends and Opportunities - Fund managers are encouraged to identify investment opportunities amid uncertainty, with a focus on sectors such as AI and pharmaceuticals [11]. - The dynamic adjustment of investment strategies is emphasized, with a slower pace in bullish markets and an accelerated approach in bearish conditions [11].

Group 1 - Several floating rate funds have been announced today, with total establishment sizes exceeding 600 million yuan, including E Fund Growth Progress exceeding 1.7 billion yuan [1][2] - The established floating rate funds have begun building positions, with some funds showing significant movements shortly after their establishment [1][4] - The cumulative establishment size of five floating rate funds has surpassed 6 billion yuan [3] Group 2 - New funds established in the second quarter have shown notable building actions, with over 1,000 million yuan in total establishment size for stock and mixed funds [5][6] - Among the new funds, some have already exceeded 50% in stock asset allocation within a short time frame [6] - The top holdings of newly established funds indicate a concentration in the banking sector, benefiting from recent strong performance in that sector [6][7]

Group 1 - Zhongyin Fund announced the resignation of Chairman Zhang Yan due to work adjustments, effective June 16, with Executive President Zhang Jiawen acting as interim chairman [1] - Zhang Yan had a long tenure at Bank of China, serving in various senior roles before becoming chairman of Zhongyin Fund in August 2017 [1] - Zhang Jiawen has extensive experience at Bank of China and joined Zhongyin Fund in 2013 [1] Group 2 - Xinyuan Fund appointed two new deputy general managers, Zhang Pengfei and Yang Xiaoyu, with backgrounds in finance and technology [2] - Zhang Pengfei previously held positions at Huatai Securities and Nanjing Bank before joining Xinyuan Fund in December 2022 [2] - Yang Xiaoyu has a background in technology and joined Xinyuan Fund in December 2022 as Chief Information Officer [2] Group 3 - Dongfanghong Yingfeng Stable 6-Month Holding FOF announced an early closure of its fundraising period, reaching a cap of 8 billion RMB [3] - The FOF market has seen significant inflows, with a total growth of 17.9 billion RMB in the first quarter of this year, marking a new high since 2022 [3] Group 4 - As of June 17, four new floating rate funds, including E Fund Growth Progress and GF Value Stability, have completed their fundraising [4] - Huashan Competitive Advantage Fund also announced an early closure of its fundraising period, moving the deadline to June 18 [4] Group 5 - Over 100 bond funds have announced restrictions on large subscriptions in June, with a notable increase in announcements on June 16 and 17 [5][6] - Specific funds like E Fund Fucai Pure Bond and Wanjia Xinyao Pure Bond have set limits on large subscriptions, with caps of 4 million RMB and 1 million RMB respectively [6] Group 6 - Wu Huijuan resigned from her roles as fund manager for three products at Green Fund due to personal reasons, with her funds now managed by Yin Zixin [7] - Wu Huijuan had a return rate of 1.35%, 1.02%, and 0.67% for the funds she managed as of June 16 [7] - She has 14 years of experience in the securities industry and joined Green Fund in December 2023 [7] Group 7 - On June 18, the market saw a slight recovery, with the Shanghai Composite Index up 0.04% and the Shenzhen Component Index up 0.24% [8] - The total trading volume in the two markets was 1.19 trillion RMB, a decrease of 161 billion RMB from the previous trading day [8] - Sectors such as consumer electronics and wind power equipment performed well, while beauty care and rare metals sectors faced declines [8][9]

Group 1 - The total fundraising scale of floating fee funds has exceeded 8 billion yuan as of June 10, with significant contributions from bank channels [1] - Among the first batch of 26 floating fee funds, 24 are currently in the fundraising process, with 16 funds surpassing the 200 million yuan establishment threshold [1] - The leading fund,交银施罗德瑞安, has raised nearly 700 million yuan through Bank of Communications and Pudong Development Bank, while 易方达成长进取 has raised over 560 million yuan through China Merchants Bank [1] Group 2 - 东方红核心价值 has successfully completed a fundraising of 2 billion yuan and has been established, while 信澳优势行业 has not yet finalized its issuance schedule [1] - Other funds like 天弘品质价值 and 嘉实成长共赢 have raised close to 500 million yuan each through their respective custody channels [1]

Core Viewpoint - The first batch of 26 floating fee funds has been fully issued, with a total issuance scale exceeding 7 billion yuan, indicating strong market demand and participation from various financial institutions [1] Fund Issuance Overview - The total issuance scale of the first batch of floating fee funds has surpassed 7 billion yuan, with banks contributing over 6 billion yuan [1] - Major banks such as China Construction Bank, Agricultural Bank of China, and Industrial and Commercial Bank of China have shown significant activity, with daily issuance exceeding 100 million yuan [1] - The leading issuer, Shanghai Pudong Development Bank, has achieved a cumulative issuance of 1.45 billion yuan, while Bank of China has nearly reached 1.3 billion yuan [1] Individual Fund Performance - The fund "Oriental Red Core Value" has reached its fundraising cap of 2 billion yuan and has been established first [1] - Other leading funds in the current issuance phase include "E Fund Growth Progress" and "Harvest Growth Win," with issuance exceeding 500 million yuan and 400 million yuan respectively through Bank of China channels [1] - Other notable funds include "Tianhong Quality Value," "Jiaoyin Schroder Ruian," and "Dacheng Ultimate Return," which are also performing well in terms of issuance [1] Securities Channel Contribution - In the securities channel, Dongfang Securities has contributed nearly 500 million yuan in sales for "Oriental Red Core Value," while CITIC Securities has surpassed 200 million yuan in sales for floating fee funds [1]

Core Viewpoint - The article discusses the innovative design and strategy behind the "Jia Shi Growth Win" floating fee rate fund, which aims to achieve both market returns (β) and excess returns (α) by anchoring to the CSI 800 Growth Index, covering sectors like technology, high-end manufacturing, and biomedicine [1][2]. Group 1: Fund Design and Fee Structure - The floating fee rate fund is designed to align the interests of investors and the fund manager, with fees adjusting based on individual investor performance, creating a "one size fits one" approach [1][2]. - The management fee structure is tiered based on the holding period and performance relative to the benchmark, with a standard fee of 1.2% for holdings under one year, and three tiers for longer holdings based on performance [2]. - The upward fee adjustment conditions are stricter than downward adjustments, emphasizing investor protection [2]. Group 2: Investment Strategy and Manager Profile - The fund manager, Li Tao, is recognized for his strong performance, having achieved a total return of 35% since the fund's inception, significantly outperforming the benchmark [3]. - Li Tao's investment strategy focuses on identifying leading companies in high-growth sectors and dynamically adjusting the portfolio to mitigate risks associated with overexposure to any single sector [3][4]. - The fund's strategy emphasizes a diversified approach across multiple sectors, including technology and high-end manufacturing, to capture various growth opportunities [3][4].

Core Insights - The first batch of floating fee funds has entered its 8th day, with 25 out of 26 funds already open for issuance [1] - The total amount raised by these 25 funds has exceeded 5.3 billion yuan, with the Dongfanghong Core Value Fund reaching its fundraising cap of 2 billion yuan ahead of schedule [1] Fund Distribution - In terms of sales through bank channels, Pufa Bank leads with a distribution scale of 1.4 billion yuan [1] - Bank of China follows closely with nearly 1.2 billion yuan in sales, while China Construction Bank and Industrial and Commercial Bank of China are both approaching 700 million yuan [1] Product Performance - Among the fund products, E Fund Growth Progress and Harvest Growth Win have each raised over 400 million yuan through Bank of China [1] - Tianhong Quality Value and Jiao Yin Schroder Ruian have exceeded 300 million yuan in sales through Pufa Bank and Bank of Communications [1]