Group 1: New Fund Launches - A total of 34 new funds were launched this week, covering various types including equity, mixed, QDII, FOF, and REITs, involving 26 fund companies such as E Fund, GF Fund, and Penghua [1][2] - Among the new products, 19 are equity funds, 5 are mixed funds, 4 are FOF funds, 3 are bond funds, 2 are REITs, and 1 is an international (QDII) fund [1] Group 2: Focus on Equity Funds - The newly launched equity funds primarily focus on popular indices such as the CSI A500, ChiNext 50, and the Shanghai Stock Exchange Sci-Tech Innovation Board Composite Index [2] - Notable fund managers include Zhang Yuxiang from Penghua, Xu Rongman from CMB, and Liu Jie from GF Fund, among others [2] Group 3: Key Fund Managers and Strategies - The "Fuguo Zhixiang Quantitative Stock Selection" fund, managed by Wang Baohe and Fang Min, employs a combination of top-down and bottom-up investment strategies, focusing on qualitative and quantitative analysis throughout the investment process [3] - The fund's performance benchmark is composed of 90% of the CSI All Share Index return, 5% of the CSI Hong Kong Stock Connect Composite Index return, and 5% of the after-tax bank demand deposit rate [3] Group 4: Mixed Funds Overview - This week saw the launch of 5 mixed funds with a minimum subscription of 1 or 10 yuan, with performance benchmarks including the CSI 300 Index and the China Bond Composite Index [5][6] - Notable fund managers include Xu Xijia from Dongfanghong Asset Management and Yuan Wei from Anxin Fund [5] Group 5: FOF Funds and Pension Products - Four FOF funds were launched this week, including two pension funds managed by Wang Ling and Li Biao, with a fundraising target of 2 billion yuan for the E Fund's pension target date fund [7][8] - The performance benchmarks for these funds include various bond and equity indices [7] Group 6: REITs and QDII Funds - Two REITs were launched this week, including the Zhongjin Yizhuang Industrial Park REIT and the Zhongjin China Green Development Commercial Asset REIT, with fundraising targets of 400 million yuan and 500 million yuan respectively [9][10] - The Dachen Hang Seng Medical Care Link fund was also launched, focusing on the Hang Seng Medical Care Index [10]

Core Viewpoint - Anxin Fund has launched the Anxin Value Win-Win Fund, a mixed equity fund managed by Yuan Wei, with a floating management fee structure based on performance benchmarks [1][3]. Fund Details - The Anxin Value Win-Win Fund is a contract-based open-end securities investment fund, publicly offered from June 9 to June 26, 2025, with a minimum total fundraising target of 200 million shares [3]. - The fund aims to invest in stocks that are significantly undervalued relative to their intrinsic value, focusing on safety margins to achieve long-term stable returns for investors [3]. - The performance benchmark for the fund is composed of 70% CSI 300 Index return, 10% CSI Hong Kong Stock Connect Composite Index (RMB) return, and 20% China Bond Composite Index return [3]. Fee Structure - The fund employs a floating fee rate system, with management fees set at 1.20% for holdings less than 365 days, 1.50% for annualized excess returns exceeding 6% with positive returns, and 0.60% for annualized excess returns of -3% or lower [4]. Manager Background - Yuan Wei, the proposed fund manager, holds a PhD in science and has extensive experience in investment management, having previously served in various roles at Anxin Securities and Anxin Fund Management [5][6]. - Under Yuan Wei's management, four funds have underperformed their benchmarks over the past year [2][9]. Performance Metrics - As of June 6, 2025, Yuan Wei's managed funds have shown varying performance, with the Anxin New Normal Hong Kong-Shenzhen Selected A fund achieving a return of 129.36% since Yuan took over, but only a 4.63% increase in the past year, lagging behind its benchmark by over 10 percentage points [8][9].

Group 1 - As of June 6, 32 new public funds are set to be launched from June 9 to June 13, involving 24 fund companies, with an average fundraising period of approximately 25 days [1] - Among the new funds, equity funds are predominant, with 18 out of the 30+ new funds being equity funds, followed by 4 mixed funds and 4 FOF funds [2] - The newly launched equity funds are primarily index funds, including 9 passive index funds and 7 enhanced index products, featuring products like Huaxia ChiNext 50 Link and Wanjiaguo Zheng Hong Kong Stock Connect Technology ETF [4] Group 2 - Notable fund companies involved in the new fund launches include Yongying Fund, Penghua Fund, and Zhongjin Fund, with Yongying Fund issuing the most products, including three funds during the specified period [5] - A total of 18 products have announced fundraising limits, with some funds like Dongfanghong Yingfeng Stable Allocation 6-Month Holding and CITIC Construction Investment CSI 500 Index Enhanced having a fundraising cap of 8 billion units [5] - One innovative floating fee rate fund, Anxin Value Win, will be launched during this period, which is a mixed fund with a management fee structure based on the holding period and performance relative to a benchmark [8]