新掌门两个月前上任，东吴基金旗下部分权益基金长期亏损

Core Insights - The Shanghai Composite Index is approaching the 4000-point mark after reaching a ten-year high, while several equity funds under Dongwu Fund have reported negative returns over the past five years, with Dongwu Double Triangle Stock A and Dongwu Anxiang Quantitative Mixed A experiencing nearly a 50% decline in net value [1][2] Fund Performance - Dongwu Double Triangle Stock A and Dongwu Anxiang Quantitative Mixed A have recorded five-year returns of -47.22% and -47.06%, respectively, significantly underperforming the benchmark by over 50 percentage points [1] - Dongwu Industry Rotation Mixed A and Dongwu Progress Strategy Mixed A have also shown negative returns across various time frames, with five-year returns of -30.54% and -26.70% [1][3] - Dongwu Double Power Mixed A has consistently underperformed the benchmark, with recent three-year returns being negative and five-year returns close to -30% [1] - Dongwu Wisdom Medical Quantitative Mixed A and Dongwu State-Owned Enterprise Reform Mixed A have also reported negative returns over the past five years [1] Management Changes - Dongwu Fund has appointed a new chairman with a background from the major shareholder, Dongwu Securities, following the resignation of the previous chairman, Ma Zhenya [4] - The new leadership faces challenges in addressing the imbalanced product structure and expanding equity business to enhance competitiveness [4] Company Overview - Dongwu Fund, established in September 2004, has struggled to exceed a management scale of 40 billion yuan, with a current management scale of 37.561 billion yuan, down nearly 6% from the previous year [3] - The company’s stock and mixed fund scales are significantly lower than its bond and money market fund scales, indicating a lack of focus on equity products [3]