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The China Securities Regulatory Commission has officially announced the completion of registration for the second batch of 12 new floating-rate fund products, signaling their imminent launch, with an earliest possible availability as soon as next week. These fund products adhere to the same fee structure as the inaugural batch, comprising three tiers: 1.2% (benchmark tier), 1.5% (upgraded tier), and 0.6% (downgraded tier). Upon redemption after a one-year holding period, investors will be charged according to the fund's performance: the benchmark tier fee if the performance meets the benchmark, the downgraded tier fee if the annualized return falls below the benchmark, and the upgraded tier fee if the annualized return significantly surpasses the benchmark. Importantly, investors who redeem within one year will uniformly be charged the benchmark tier fee.
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