东方红资管：“慧选成长”开启认购 基金经理在管主动产品业绩分化

Core Viewpoint - The article discusses the launch of the "Oriental Red Hui Xuan Growth" fund by Oriental Red Asset Management, highlighting its investment strategy, management fees, and the performance of its fund manager, Xu Xijia [1][2][4]. Fund Details - The "Oriental Red Hui Xuan Growth" fund is a mixed equity fund set to be publicly offered from June 10, 2025, to September 9, 2025, with a minimum fundraising target of 200 million shares [2]. - The fund aims for long-term stable asset appreciation while strictly controlling investment risks, with a performance benchmark comprising 85% of the CSI 800 Index, 5% of the Hang Seng Index (adjusted for exchange rates), and 10% of the China Bond Total Index [2]. - The fund will invest 60%-95% of its assets in stocks, including a 0%-50% allocation to Hong Kong Stock Connect stocks, utilizing a multi-factor stock selection model [2]. Management Fees - The management fee for the "Oriental Red Hui Xuan Growth" fund is set at an annual rate of 1.2% based on the previous day's net asset value [4][2]. Fund Manager Profile - Xu Xijia, the proposed fund manager, has a Ph.D. in Finance from Temple University and extensive experience in asset management and investment banking [4]. - Xu currently manages two active equity funds, both initiated in 2024, and has a history of managing various index and mixed funds [5][6]. Performance Analysis - As of June 9, 2025, the "Oriental Red Quantitative Stock A" fund managed by Xu has achieved a return of 6.78% this year, outperforming its benchmark by over 7 percentage points [7]. - In contrast, the "Oriental Red Dividend Quantitative Stock A" fund has seen a decline of 0.62% since its inception in August 2024, underperforming its benchmark by over 9 percentage points [7].