The NOAN Flexible Allocation Fund, which received a CSRC approval in the middle of last month, will be officially issued from April 15th to May 16th through major banks and securities firms. The maximum size of the fund-raising is capped at RMB 10 billion yuan. This will be the sixth open-end fund managed by the NOAN Fund Management Company. According to sources, as a hybrid fund product, the NOAN Flexible Allocation Fund is relatively flexible in asset allocation. Its stock investment proportion ranges between 30% and 80%. The fund manager can adjust the stock position according to changes in market conditions, avoiding risks associated with market downturns while pursuing excess returns.