宝盈基金老将杨思亮出走 长跑健将年内跑输同类均值

Core Viewpoint - The article discusses the recent departure of prominent fund manager Yang Siliang from Baoying Fund, highlighting the challenges the company faces in retaining top talent despite its historical success in nurturing well-known fund managers [1][2]. Group 1: Departure of Yang Siliang - Yang Siliang, a well-known fund manager with a track record of impressive returns, left Baoying Fund at the end of August 2023 after a decade with the company [1]. - During his tenure, Yang managed several funds, achieving a return of 156.84% and an annualized return of 14.76% for Baoying Consumer Theme Fund, and a return of 89.47% with an annualized return of 12.77% for Baoying New Value Fund [1][2]. Group 2: New Management - Following Yang's departure, the Baoying Consumer Theme Fund and Baoying Brand Consumption Stock Fund are now managed by Zhang Ruolun, who joined Baoying Fund in July 2018 [2]. - The Baoying Value Growth Mixed Fund is now managed by Li Weiyu, who has been with Baoying Fund since November 2021 [2]. Group 3: Fund Performance - Despite Yang's strong historical performance, the funds he left behind have shown mediocre results in 2023, with Baoying Consumer Theme Fund yielding only 5.41%, significantly below the 22.46% average of its peers [2]. - The Baoying Brand Consumption Stock Fund reported annual returns of 1.32% and 0.72%, lagging behind the 30.48% average of similar funds [2]. Group 4: Investment Focus - The underperformance of the funds may be attributed to their heavy investment in consumer and blue-chip stocks, particularly in the liquor sector, which includes major holdings like Kweichow Moutai and Wuliangye [3]. - The top holdings of the Baoying Consumer Theme Fund include major brands in food and beverage, insurance, and home appliances, indicating a concentrated investment strategy [3].