Group 1 - A total of 14 new public funds are expected to be launched from June 23 to June 27, with an average fundraising period of approximately 20 days [1][5] - Among the new funds, 3 are equity mixed funds, specifically Fidelity Hong Kong Stock Connect Select, ICBC Technology Pioneer, and Yuanxin Yongfeng Technology Driven [1][4] - The majority of the new stock funds are index funds, with 5 passive index funds and 1 enhanced index product, including products like Huabao Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Link and Wanji Zhongzheng Artificial Intelligence Theme ETF [2][4] Group 2 - The new funds involve 14 fund companies, including Bosera Fund and Yongying Fund [5] - Six products have announced a fundraising cap, with the Qianhai Kaiyuan Zhongzheng 500 Equal Weight Link reaching a cap of 8 billion units [5] - The average fundraising period for the 14 products is about 20 days, with the Huaitianfu Stable Holding 6-Month Fund having a longer subscription period of 92 days [8] Group 3 - The management fee rates for Fidelity Hong Kong Stock Connect Select, ICBC Technology Pioneer, and Yuanxin Yongfeng Technology Driven are relatively high, reaching an annual management fee of 1.2% [8]

Group 1 - The core point of the news is the launch of "Yongying Huida 6-Month Holding" fund, which will be available for subscription from June 23 to July 11, 2025, targeting both institutional and individual investors [2] - The fund is a mixed bond fund with a significant allocation to bonds, and its performance benchmark is composed of 90% of the yield of the China Bond Comprehensive Price Index, 8% of the yield of the CSI 300 Index, and 2% of the yield of the Hang Seng Index [2] - The fund is managed by two fund managers, Lu Liyang and Qian Buke, with Lu focusing on mixed bond funds and Qian specializing in bond fund management [2] Group 2 - Lu Liyang has 7 years of experience in the securities industry and has managed a total of 6.307 billion yuan across 3 products at Yongying Fund, with a notable performance of 26.33% for "Yongying Xinxin A" [2][4] - Qian Buke has 13 years of experience and manages 35.794 billion yuan across 6 products, with a performance of 14.20% for "Yongying Qianyi" [3][4] - The performance of Lu Liyang's managed products has shown significant growth, with a 49.94% quarter-on-quarter increase from 39.48 billion yuan to 59.20 billion yuan as of March 31, 2025, and a year-on-year increase of 1380% from 4 billion yuan [4][5] Group 3 - "Yongying Xinxin" fund's asset allocation has shifted significantly under Lu Liyang's management, with bond holdings increasing to around 90%, while stock holdings have decreased to 5-10% [5][9] - The fund's annual returns have consistently outperformed its benchmark since Lu took over, with returns of 1.64% in 2025, 13.01% in 2024, and 10.36% in 2023 [8][9] - The fund's investment strategy includes a focus on high-dividend growth stocks and a flexible approach to bond duration management, resulting in a high turnover rate of 2652% for stocks [9][12]