规模缩水，新发产品延期，贝莱德基金“雪上遭霜”

Core Viewpoint - BlackRock Fund Management is facing a significant crisis due to a substantial reduction in its fund size, leading to delays in new fund offerings and poor performance of existing funds [2][3]. Fundraising Challenges - BlackRock Fund announced an extension of the fundraising period for its new product, the BlackRock Anze 60-Day Holding Period Bond Fund, from June 6 to June 13 due to lackluster investor interest [3]. - The poor fundraising situation is attributed to both the recovery of the equity market and increased volatility in the bond market, which has shifted investor risk preferences [3]. - The performance of existing funds has not gained market recognition, contributing to the challenges in attracting new investments [3]. Fund Manager Performance - The fund manager for the new product, Liu Xin, has a track record of underperformance, with the total assets under management amounting to 2.698 billion yuan and a best-term return of only 3.83% [4][5]. - Among the four bond funds managed by Liu Xin, three have recorded negative returns over the past three months, with rankings at the bottom of their respective categories [5][6]. Declining Management Scale - As of June 11, BlackRock Fund's management scale has decreased significantly to 6.873 billion yuan, a reduction of 36% from 10.785 billion yuan at the end of 2024, making it one of the most severely affected foreign public fund institutions [7]. - The average performance of BlackRock's mixed funds over the past year is 4.72%, ranking 136 out of 168, which is below the industry average of 9.08% [9]. - The pure bond funds have a one-year return of 2.21%, ranking 125 out of 157, and the secondary bond funds have a return of 0.76%, ranking 135 out of 145, both underperforming their respective averages [9].