Coming soon! The second batch of new floating rate funds has been approved.

Jin10 data reported on July 24 that the CSRC has approved the registration of the second batch of 12 new floating rate fund products, which will be launched for sale one after another. This means that the products can be listed for sale as early as next week. It is introduced that, similar to the first batch of products, each fund manager has set three fee rate levels: 1.2% (Benchmark), 1.5% (upgrading), and 0.6% (downgrading). When investors redeem the products after holding them for one year, if the performance is basically in line with the performance benchmark for the same period, the benchmark fee rate will apply; if the annualized return significantly underperforms the performance benchmark, the low fee rate will apply; if there is a positive return and the annualized return significantly exceeds the performance benchmark, the upgrading management fee rate will apply. In addition, if investors redeem the products within one year, the tiered arrangement does not apply, and the management fee will be charged at the benchmark fee rate.