任职超9年基金经理数据惨淡，融通基金张鹏所管产品全部沦陷

Group 1 - The article discusses the performance of public funds in China for Q1 2025, highlighting the mixed results amid recent market conditions and investment strategies [2] - Fund managers have adopted various strategies, including focusing on robotics, domestic consumption, and high dividend stocks, but many have failed to deliver positive returns [2][3] - Zhang Peng, a veteran fund manager at Rongtong Fund, has only one product with a positive return, while the others have not achieved any gains since the beginning of 2025 [3][4] Group 2 - The largest fund managed by Zhang, Rongtong Internet Media, has a poor performance with a return of approximately 18% since inception, and the other two funds have not achieved any gains [3][4] - The top holdings in Zhang's fund show a lack of significant performance, with only two stocks exceeding a 5% weight, and the overall strategy appears to lack conviction [4] - Another fund manager, Guan Shan, has also faced challenges, with her fund, Rongtong New Consumption, at risk of being liquidated due to a net asset value below 50 million [5][6] Group 3 - Guan Shan's fund has underperformed with a return of less than 60% since she took over, and the recent quarterly report indicates a low stock allocation of 75% [5][6] - The fund's strategy focuses on consumer sectors, but it has struggled to capitalize on market trends, leading to negative annual returns since 2022 [5][6] - The introduction of a new co-manager, Li Ruihong, aims to improve the fund's performance, although her previous experience has been limited [6]