Core Viewpoint - The rapid growth of a mixed fund has propelled China Aviation Fund to a new milestone of 60 billion in management scale, but this success is overshadowed by the departure of key executives [1][13]. Group 1: Executive Changes - Notable economist Deng Haiqing resigned from China Aviation Fund for personal reasons and is set to join Zhongjia Fund, marking a significant career shift [2][9]. - Deng's tenure at China Aviation Fund was marked by poor performance, with a return of -12.9% during his management of the mixed fund [4][7]. - The executive team at China Aviation Fund has seen frequent changes, with only three core executives remaining, including the general manager and chief financial officer [11][12]. Group 2: Fund Performance - The China Aviation Mixed Reform Selected Mixed Fund, managed by Deng and a novice manager, has shown disappointing performance, with returns of -12.77% and -12.9% for its A and C shares respectively [4][7]. - The fund's scale has fluctuated significantly, dropping below 20 million before recovering slightly to 26.85 million by September [4][7]. - The fund's performance has been poor over five quarters, with only one quarter showing decent results [5][7]. Group 3: Fund Growth and Market Position - China Aviation Fund's management scale reached 60.27 billion, a 30.54% increase from the previous quarter, largely due to the success of the China Aviation Opportunity Leading Mixed Fund [13][14]. - The China Aviation Opportunity Leading Mixed Fund saw its scale surge from 10.61 million to 132.31 million in a single quarter, marking an increase of over 11 times [14]. - Prior to this growth, China Aviation Fund primarily focused on bond funds, which constituted over 80% of its total management scale until the recent success of its mixed fund [15].
一只基金托起中航基金600亿“江山”,知名经济学家黯然离职
Xin Lang Cai Jing·2025-11-19 05:35