Core Insights - The article discusses the launch of the Yin Hua Xin He Mixed Securities Investment Fund, which features a floating management fee structure linked to investor holding periods and performance [1][2] - The fund aims to create a shared interest between the fund manager and investors, encouraging long-term investment while enhancing investor satisfaction [1][2] Fund Structure and Fee Model - The fund charges a management fee of 1.20% for holdings of less than one year, which can increase to 1.50% if annualized excess returns exceed 6% and decrease to 0.60% if excess returns fall below -3% after one year [1][2] - The fund will invest 60%-95% of its assets in stocks, with up to 50% of stock investments allocated to Hong Kong Stock Connect stocks, allowing for diversified asset allocation [2] Performance and Management - The fund manager, He Wei, has a strong track record, with the Yin Hua Hu Shen Stock Connect Mixed A fund achieving a net value growth rate of 24.08% over three years, outperforming its benchmark by 35.69% [2][4] - The fund manager emphasizes risk-reward balance and aims for long-term excess returns while actively managing drawdowns [1][2] Market Outlook - Analysts suggest that the restructuring of the global monetary order and the declining safety of dollar assets will lead to a revaluation of RMB assets, indicating a stable foundation for market growth [2] - The upcoming policy initiatives and favorable trends in sectors like technology are expected to support a long-term and steady market environment, despite potential short-term adjustments [2]