Group 1 - The core point of the news is the announcement of the effective contract of the E Fund Value Return Mixed Securities Investment Fund, which raised a total net subscription amount of approximately 2.34 billion yuan during the fundraising period [1][4] - The fund manager, Tang Bolun, has extensive experience in the financial industry, having worked in various roles at HSBC, CICC, and Xinhua Asset Management before joining E Fund in March 2024 [1] - The fund's effective contract date is set for August 15, 2025, and it operates as a contractual open-end fund managed by E Fund Management Co., Ltd. with China Merchants Bank as the custodian [2][4] Group 2 - The fundraising period for the fund was from August 4, 2025, to August 13, 2025, with a total of 16,186 valid subscription accounts [4] - The total amount of interest generated during the fundraising period was approximately 430,948 yuan, contributing to a total of approximately 2.34 billion yuan in effective subscription shares [4] - The fund's total subscription shares amounted to approximately 2.34 billion, including the interest converted into shares [4]

Group 1 - The core viewpoint of the news is the rapid market acceptance of floating fee rate funds, highlighted by the successful fundraising of the China Europe Fund's Core Intelligent Mixed Fund, which raised a total of 2.117 billion yuan during its subscription period [1][2] - The China Europe Core Intelligent Mixed Fund became the first floating fee rate product to exceed 2 billion yuan in fundraising, indicating a significant milestone in the market [1][2] - The early closure of fundraising for both the China Europe Core Intelligent Mixed Fund and the E Fund Value Return Mixed Fund reflects a growing recognition of floating fee rate products in the market [1][2] Group 2 - The China Securities Regulatory Commission's action plan emphasizes the establishment of a floating management fee mechanism linked to fund performance, aiming to align the interests of fund managers and investors more closely [2] - The second batch of 12 new floating fee rate funds received approval on July 24, with several asset management companies participating for the first time, indicating a broader industry shift towards this fee structure [2] - The China Europe Core Intelligent Mixed Fund and E Fund Value Return Mixed Fund were among the first to launch in this new batch, with both funds closing their fundraising early [2] Group 3 - The China Europe Core Intelligent Mixed Fund features a unique "quarterly distribution upon meeting standards" clause, allowing for cash dividends to be distributed without requiring investors to redeem their shares, enhancing investor comfort and cash flow [3] - As of August 14, 24 out of 26 funds launched have achieved positive returns since inception, showcasing the performance potential of floating fee rate funds [4] - The average fundraising amount for new floating fee rate funds this year is approximately 1.014 billion shares, significantly higher than the average of 420 million shares for actively managed equity funds, indicating strong market demand [4]