震惊！AI基金9年仅赚11%惨遭打脸，基金经理“踩雷”关键点曝光

Core Viewpoint - The resignation of fund manager Qu Yang from the Qianhai Kaiyuan Artificial Intelligence Theme Mixed Fund is attributed to "internal adjustments," with Wei Chun taking over management. The fund has underperformed significantly, leading to dissatisfaction among investors [1][2][3]. Group 1: Fund Performance - The Qianhai Kaiyuan Artificial Intelligence Theme A fund has delivered a total return of 11.33% over nine years, with an annualized return of only 1.18%, which is far below its performance benchmark [3]. - In the last three years leading up to May 31, 2025, the fund's annualized return was -15.81%, placing it in the bottom 25% of its peer group [4][5]. - The fund's annualized volatility since June 21, 2022, was 28.59%, exceeding the average of similar funds, and it experienced a maximum drawdown of -48.39% [5]. Group 2: Fund Manager's Decisions - Qu Yang's management saw a significant concentration of risk, with the top ten holdings accounting for 77.21% of the fund's net asset value, indicating a lack of diversification [10]. - The fund's strategy was criticized for not focusing on core artificial intelligence stocks, especially after significant advancements in the sector post-June 2022 [8]. - Frequent portfolio adjustments did not yield positive results, with low win rates and poor returns [12]. Group 3: Investor Sentiment - Investor feedback has been overwhelmingly negative, with many expressing frustration over the fund's performance, which has fallen below previous market levels [6][7]. - The fund's performance has led to comparisons with bank deposit returns, highlighting the dissatisfaction among investors [7]. Group 4: Industry Insights - The case illustrates the volatility and risks associated with thematic funds, particularly those focused on emerging technologies like artificial intelligence [13]. - The rapid changes in the fund management landscape emphasize the importance of evaluating long-term performance rather than relying solely on the reputation of fund managers [14].