亏损近50%仍收巨额管理费，浦银安盛蒋佳良旗下产品陷“旱涝保收”争议

Core Viewpoint - The performance of the funds managed by Jiang Jialiang, Chief Equity Investment Officer of浦银安盛基金管理有限公司, has been disappointing, with significant losses reported across multiple funds despite the overall growth of the public fund industry in China [1][5]. Fund Performance - The浦银安盛品质优选混合A fund has lost over 46% since its inception in December 2021, with a three-year return of -34.21% [1][5]. - Out of the eight funds managed by Jiang, seven have negative returns, with two funds losing nearly 50% [1][5]. - The浦银安盛价值成长混合A fund, which Jiang will no longer manage starting September 30, 2025, has resulted in an estimated loss of approximately 53.95 million yuan for investors during his tenure [3][5]. Management Fees - Despite the poor performance, Jiang's management fees have been substantial, amounting to 12.17 million yuan from the浦银安盛价值成长混合A fund alone [3][5]. - The浦银安盛品质优选混合 fund collected over 50 million yuan in management fees during 2022 and 2023, contrasting sharply with the losses experienced by investors [7][11]. Investment Strategy Issues - Jiang's investment decisions have been criticized for being inconsistent, with significant losses attributed to poor sector choices, such as holding onto the electric vehicle sector during downturns and missing out on the AI market [7][11]. - The high turnover rates of the funds managed by Jiang, such as 619.66% for浦银安盛品质优选混合A, indicate frequent trading attempts to capitalize on short-term market fluctuations, which have not yielded positive results [8][9]. Regulatory Context - The case of浦银安盛基金 highlights broader industry issues, as the China Securities Regulatory Commission is implementing reforms aimed at improving fund performance and accountability, including setting clear performance benchmarks for each fund [11][12].