Group 1 - The core viewpoint of the article highlights the expansion of personal pension index funds with several fund companies announcing the addition of Y shares, which are specifically designed for personal pension investments [1][2][10] - Multiple fund companies, including Guotai Junan Asset Management, Boda Fund, Tianhong Fund, and China Merchants Fund, have announced the addition of Y shares to their index-enhanced funds, indicating a growing trend in the market [2][3][4] - The Y share class is exclusively for personal pension funds, with a management fee and custody fee discount of 50%, making it an attractive option for long-term pension investment [6][11] Group 2 - The recent addition of four new index-enhanced funds has increased the total number of personal pension index funds to 89, providing more diverse investment options for individuals [10][11] - Index-enhanced funds are characterized by high transparency, diversified investments, and dual tax benefits, positioning them as significant tools for personal pension investments [11][12] - Fund companies emphasize the adaptability of index-enhanced funds for different age groups, allowing younger investors to pursue long-term growth while providing options for those nearing retirement to manage risk [12]

Group 1 - The company announced an adjustment to the minimum subscription and redemption unit for the Tianhong Guozheng Aerospace Industry ETF, changing it from 300,000 units to 1,000,000 units effective July 25, 2025 [1] - Investors must ensure that the subscription and redemption amounts are multiples of the new minimum unit [1] - The announcement serves to inform about the adjustment and encourages investors to refer to the fund's legal documents for detailed information [1] Group 2 - Tianhong Fund Management Company will open daily subscription, redemption, and regular investment services for the newly established Y-class fund shares of the Tianhong CSI 500 Index Enhanced Securities Investment Fund starting July 25, 2025 [19] - The Y-class fund shares will not have subscription limits and will have different fee structures compared to other classes [19][21] - The management fee for Y-class shares will be at a 50% discount compared to A-class, C-class, and E-class shares, with specific rates detailed in the fund's legal documents [24]