Core Viewpoint - The approval of the second batch of 12 new model floating rate funds marks a significant step towards high-quality development in the public fund industry, with a focus on aligning the interests of fund managers and investors through a performance-based fee structure [1]. Group 1: Fund Approval and Management - On July 24, 2023, the second batch of 12 new model floating rate funds was approved [1]. - The funds were submitted by 12 fund management companies including E Fund, Southern, Huatai-PineBridge, and others, and were accepted by the China Securities Regulatory Commission on July 4 [1]. - Morgan Asset Management highlighted that the approval of the Morgan Huiqi Growth Mixed Fund represents an important step in responding to the high-quality development of the public fund industry [1]. Group 2: Fee Structure and Investor Benefits - The new fee structure ties management fees to fund performance and the investor's holding period, aiming to enhance the shared interests and risk-sharing between fund managers and investors [1]. - This approach is expected to improve the investment experience for holders [1]. - Morgan Asset Management emphasized its commitment to the development of actively managed equity funds, recognizing that investment performance is fundamental to the public fund's success [1].