招商基金旗下6只基金增聘窦福成

Core Viewpoint - The announcement from China Merchants Fund regarding the appointment of Dou Fucheng as a new fund manager for several ETFs and LOFs indicates a strategic move to enhance management expertise in key investment areas, particularly in consumer, commodity, and technology sectors. Fund Performance Summary - China Merchants CSI Hong Kong-Shanghai Consumer Leaders ETF: Established on January 20, 2022, with a year-to-date return of 10.10% and a cumulative return of -19.20%, net asset value at 0.8080 yuan as of November 12, 2025 [1]. - China Merchants Commodity LOF: Established on June 28, 2012, with a year-to-date return of 39.53% and a cumulative return of 139.50%, net asset value at 2.1961 yuan as of November 12, 2025 [1]. - China Merchants CSI Coal Equal-weight Index LOF: Established on May 20, 2015, with year-to-date returns of 17.08%, 16.98%, and 16.78% for different share classes, cumulative returns of 69.18%, 12.67%, and 18.96%, net asset values at 1.5705 yuan, 2.2277 yuan, and 2.2156 yuan respectively as of November 12, 2025 [2]. - China Merchants IoT Theme ETF: Established on December 15, 2021, with a year-to-date return of 34.36% and a cumulative return of 8.24%, net asset value at 1.0824 yuan as of November 12, 2025 [2]. - China Merchants A100 ETF: Established on August 18, 2022, with a year-to-date return of 24.09% and a cumulative return of 24.56%, net asset value at 1.2456 yuan as of November 12, 2025 [2]. - China Merchants All-Index Dividend Quality ETF: Established on March 12, 2025, with a cumulative return of 18.59% and net asset value at 1.1850 yuan as of November 12, 2025 [2]. Management Changes Summary - Dou Fucheng has been appointed as a new fund manager for multiple funds, including the China Merchants CSI Hong Kong-Shanghai Consumer Leaders ETF, China Merchants Commodity LOF, China Merchants CSI Coal Equal-weight Index LOF, China Merchants IoT Theme ETF, China Merchants A100 ETF, and China Merchants All-Index Dividend Quality ETF [3][4]. - The previous fund manager for the China Merchants Commodity LOF and China Merchants CSI Coal Equal-weight Index LOF, Hou Hao, has been replaced by Dou Fucheng [4]. - Dou Fucheng's previous experience includes roles at Manulife Investment Management from July 2017 to April 2025, where he served as a quantitative researcher and investment manager [1].