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]

Core Insights - The new floating rate funds have seen significant sales success within just two weeks of issuance, with multiple banks reporting sales exceeding 1 billion yuan, and some surpassing 10 billion yuan [1][2] - The Oriental Red Core Value Mixed Fund has already exceeded its fundraising cap of 2 billion yuan, with a subscription confirmation rate of approximately 94.03% [2][3] - A trend of self-purchase by fund companies has emerged, with Manulife Fund investing 10 million yuan in its own floating rate fund, reflecting a commitment to shared interests and risk with investors [1][5] Fund Sales Performance - As of June 6, several banks, including SPDB, Bank of China, and others, reported that their sales of new floating rate funds exceeded 1 billion yuan, with SPDB and Bank of China surpassing 10 billion yuan [2] - The first batch of 16 floating rate funds launched on May 27 has seen strong initial subscription, with many funds achieving over 1 billion yuan in subscriptions by June 6 [2][3] Fund Company Actions - Multiple fund companies have announced self-purchases of their floating rate funds, with amounts ranging from 10 million to 20 million yuan, indicating confidence in the market [5][6] - The self-purchase actions by companies like Oriental Red Asset Management and Tianhong Fund demonstrate a commitment to aligning interests with investors [5][6] Fund Characteristics - The new floating rate funds have varied performance benchmarks, with some using the CSI 500 Index as a benchmark, while others target the CSI 300 Index or the CSI 800 Index [4] - The introduction of floating rate funds is seen as a response to the policy aimed at linking management fees to fund performance, marking a new approach in the industry [6]

Group 1 - The first batch of new floating rate funds was launched on May 27, with 16 products available for subscription, marking a significant transformation in the public fund industry [1][2] - The rapid issuance of these funds occurred just two trading days after receiving approval from the regulatory authority, indicating a swift response from the industry [1][2] - Initial sales were strong, with reports of some products achieving subscription scales exceeding several hundred million yuan on the first day [2] Group 2 - The fund companies have deployed their top-performing fund managers for these new products, emphasizing a balanced and stable investment style [3] - The performance benchmarks for these floating rate funds vary, with many choosing broad market indices like CSI 300 and CSI 500, reflecting the fund managers' market style predictions [4][5] - The management fees for these funds will be dynamically calculated based on the actual returns to investors, introducing a new level of operational and system capability requirements for fund companies [6][7] Group 3 - The floating management fee mechanism links the fee rate to the excess return relative to the performance benchmark, aiming to enhance investor satisfaction and promote long-term investment behavior [7] - The current market environment is viewed as a "golden window" for equity investments, with favorable external conditions and relatively low valuations in both A-share and Hong Kong markets [7]

公募排排网数据显示，截至5月26日，按认购起始日统计，本周全市场至少有37只新基金发行，涉及28 家公募机构，平均募集期27.41天。 本周基金发行市场呈现两大亮点：一是权益类产品(股票型+混合型)合计发行31只，占周度发行总量的 84%，延续了升温趋势；二是混合型基金以18只的发行量创下年内单周新高。 晨星(中国)基金研究中心总监孙珩向《证券日报》记者表示，混合型基金天然具备股债资产均衡配置的 特性，通过同时布局权益与固收两类资产实现风险分散：股票资产可捕捉结构性机会(如AI、港股通价 值板块等)，在市场反弹时提供进攻性收益；债券资产(如利率债、高等级信用债)则在市场波动时发挥防 御作用，通过票息收入与久期策略平滑净值波动。 融智投资FOF基金经理李春瑜向《证券日报》记者表示，权益类产品持续获得市场青睐，主要受益于双 重驱动因素：一方面，政策红利持续释放叠加市场情绪回暖，为权益类产品创造了有利的发展环境；另 一方面，投资者风险偏好逐步修复，带动权益资产配置需求稳步回升。 从募集天数来看，本周发行的37只基金中，最长募集92天，最短仅募集12天。其中，易方达创业板 50ETF、路博迈兴航60天滚动持有债券和富 ...

5月23日，南都.湾财社记者获悉，26只新型浮动费率基金今日获证监会注册，预计很快就会向投资者发 售，投资者可通过商业银行、互联网平台等便利认购相关产品。记者了解到，首批产品均设置了1.2% (基准档)、1.5%(升档)、0.6%(降档)三档费率水平。 博时基金认为，此次获批浮动管理费率基金产品，与传统固定费率基金相比，一是通过费率优化设计， 让利持有一定期限以上的投资者，强化与投资者的利益绑定，有利于长期投资，进一步提升投资者获得 感。二是浮动管理费率基金产品强调超额收益，有利于激励和发挥公司专业化投研能力，为投资者创造 更好的回报。 值得关注的是，5月7日，证监会发布《推动公募基金高质量发展行动方案》，提出对新设立的主动权益 基金大力推行浮动管理费收取模式，推动行业实现从重规模向重投资者回报转型，督促行业回归"受人 之托、代客理财"的本源。方案中"建立与基金业绩表现挂钩的浮动管理费收取机制"，成为各方关注的 重点。 "此次新模式浮动费率产品的推出，标志着我国公募基金费率改革迈入新阶段。"中欧基金表示，与此前 的浮动费率试点相比，本次管理费率改革更突出的特点在于，进一步强化了业绩比较基准在基金投资过 程中的 ...