本基金的基金合同生效日为2022年8月2日，基金合同生效之日起三年后的对应日为2025年8月2日。 截至2025年8月2日日终，本基金的基金资产规模低于两亿元，触发基金合同约定的上述终止情形，本基 金将根据约定终止基金合同并进入基金财产清算程序，无需召开基金份额持有人大会审议。 中国经济网北京8月5日讯 昨日，申万菱信基金发布关于申万菱信碳中和智选混合型发起式证券投 资基金基金合同终止及基金财产清算的公告。 公告称，申万菱信碳中和智选混合型发起式证券投资基金（以下简称"本基金"）出现了基金合同终 止情形，申万菱信基金管理有限公司（以下简称"本公司"或"基金管理人"）应当在基金合同终止情形出 现后按照约定程序终止基金合同，此事项无需召开基金份额持有人大会。本基金的最后运作日为2025年 8月2日，于2025年8月3日进入清算程序。 来源：天天基金网 基金经理王剑历任上海东证期货有限公司研究所研究员等职务，2015年1月加入浙商基金管理有限 公司，任职于智能投资部、基金经理。2020年12月加入申万菱信基金，现任职于量化投资部，2021年3 月22日担任申万菱信基金经理。目前，王剑仍然管理着3只基金。 王剑在管基 ...

Core Viewpoint - The recent wave of fund liquidations, particularly among initiation funds, highlights the intense competition within the fund industry, leading to a concentration of resources towards high-quality funds, while underperforming or less competitive funds face elimination [1][4][6]. Fund Liquidation Details - Two funds from Shenwan Hongyuan, namely Shenwan Hongyuan Carbon Neutrality Smart Mixed Fund and Shenwan Hongyuan Pension Target Date 2040 Three-Year Holding Fund, have announced their termination and liquidation due to their asset sizes falling below 200 million yuan after three years of establishment [2][3]. - As of June 30, the asset sizes of these two funds were significantly below the required threshold, with Shenwan Hongyuan Carbon Neutrality Smart Fund at 0.08 million yuan and Shenwan Hongyuan Pension Target Date 2040 at 0.25 million yuan [2][3]. Market Overview - A total of 160 funds have been liquidated from 2025 to date, with 61 of these being initiation funds, accounting for nearly 40% of the total [4][6]. - The high liquidation rate of initiation funds is attributed to their lower establishment thresholds, which require only 10 million yuan in subscriptions from fund managers or executives, but necessitate reaching 200 million yuan in assets after three years to avoid automatic termination [4][5]. Industry Implications - The liquidation of initiation funds reflects a "systematic clearing" process, indicating a shift from quantity to quality in the fund industry, where funds that fail to meet performance and scale expectations are eliminated [5][8]. - The competitive landscape is forcing fund companies to be more prudent in product offerings, emphasizing performance and scale management rather than following market trends blindly [1][7][8]. Future Challenges and Strategies - As of August 7, there are 2,293 initiation funds in the market, with 1,242 of them failing to meet the 200 million yuan threshold, indicating a looming challenge for many funds facing the three-year assessment [6][7]. - Fund companies are encouraged to adapt their products to market changes and investor needs, implement targeted marketing strategies, and enhance investor experience management to mitigate the risk of liquidation due to insufficient scale or poor performance [7][8].