Multiple "Old Dens" extend the fundraising period to seize the potential style switching opportunity but receive a tepid response.

Recently, several newly established funds focusing on traditional "core assets" such as food consumption and finance have frequently extended their fundraising periods. Some products have even extended their fundraising periods twice within half a month, barely crossing the threshold of 200 million yuan for establishment. Against the backdrop of the high fluctuation in the AI technology market, fund companies have positioned themselves against the trend by focusing on "old-fashioned" assets, reflecting a complex contradictory mindset: on one hand, large-scale public funds of all categories have to position themselves early to seize potential style switching opportunities; on the other hand, the sluggish market has led to a tepid response from investors, and the future of new funds, even if barely established, remains uncertain. Some industry insiders point out that compared to existing funds, new funds are more likely to "tell a story," but it is still uncertain when the market will pick up, and the road to recovery for "old-fashioned" assets remains long.