The Sino-Europe Core Smart Selection Hybrid Fund has surpassed the 2 billion yuan fundraising mark, while E Fund Value Return Hybrid also announced the early closure of its fundraising period. The pace of issuance for the second batch of floating fee funds has been notably swifter than expected. The reform of public fund fee rates has been gathering momentum in recent years, with the floating fee mechanism emerging as a pivotal pilot project since the China Securities Regulatory Commission unveiled its high-quality development action plan in May. The swift recognition of these products by the market is evident in the early fundraising success of Sino-Europe Core Smart Selection and E Fund Value Return Hybrid.
