Pursuing long-term performance, building reputation, newly launched funds actively restrict the size.

In recent newly launched public funds, fund managers proactively implementing "scale limits" is becoming a trend. Many new products led by well-known fund managers have generally set relatively low initial fundraising scale limits. Reporters learned from the industry that, on one hand, some fund managers hope to control the initial scale in order to reserve enough space for fund managers to polish their investment strategies, avoid disturbances from excessive scale on operational efficiency, and establish investor trust with solid performance; on the other hand, some channels are also actively reducing the maximum limit of initial fundraising scale, and based on subsequent performance assessments to determine their marketing arrangements, in order to enhance the holding experience and form a positive interaction with investors. Overall, the industry's habit of pursuing initial fundraising scale is changing, with the long-term viability of products becoming a top priority.