富达基金董事长黄小薏9个月内连卸两职！外资公募52亿规模难破盈亏生死线

Group 1: Management Changes - Fidelity Fund's chairman Huang Xiaoyi has officially resigned due to personal reasons, with Li Shaojie taking over the position [1] - Huang Xiaoyi's resignation comes less than nine months after she assumed the role of chairman and follows her earlier departure as general manager in May [1] - The rapid turnover in key leadership positions raises concerns about the stability and future strategic direction of the foreign-owned public fund [1] Group 2: Challenges for Foreign Public Funds - Foreign public funds face localization challenges in investment strategies, needing a longer adaptation period to cope with A-share market volatility driven by retail investors [3] - These institutions are attempting to expand their scale by issuing bond funds to meet institutional whitelist requirements, but face significant challenges due to market product homogeneity [3] - Foreign public funds generally have a relative disadvantage in channel resources and are more cautious in bond selection due to risk control considerations, leading to smaller fund sizes and insufficient yield competitiveness [3] Group 3: Current Status and Difficulties of Fidelity Fund - Fidelity Fund has launched 10 public funds and several separate account products, with its first public product raising 1.079 billion yuan in April 2023 [4] - The fund's total public product scale was 5.21 billion yuan as of the end of Q1 2023, with bond funds accounting for 3.411 billion yuan [4] - The first product, Fidelity Heritage 6-Month Holding, has seen its latest scale shrink to 315 million yuan, indicating challenges in maintaining fund size [4] Group 4: Fund Performance and Capitalization - Fidelity Zhongzhai 0-2 Year Government Bond Fund faced significant redemptions, dropping from an initial scale of 2.4 billion yuan to 30 million yuan within eight months [5] - The management scale of 30 billion yuan is considered a critical threshold for public fund managers, with Fidelity Fund having increased its registered capital five times since inception [5] - The registered capital was raised from 160 million USD to 182 million USD in February, which is six times the initial capital of 30 million USD [5]