富国基金女将手握170亿，基民却有点急了

Core Insights - The article highlights the significant growth in assets under management (AUM) for certain fund managers, particularly noting the rise of manager Fan Yan from 3.4 billion to 17.1 billion within a year, attributed to institutional investments and the launch of new funds [2][3][5]. Fund Performance and Management - Fan Yan's management of the "Fuguo Stable Growth Fund" saw AUM increase from 520 million to 3.4 billion shortly after she took over, with the fund's performance historically poor before her arrival [2][3]. - The fund's institutional ownership surged from 0% to 80.64% over a year, indicating strong institutional interest [3]. - Despite the AUM growth, Fan Yan's fund performance has been underwhelming compared to peers, with a one-year return of 20.73%, significantly trailing the average return of 26.46% for similar funds [5][6]. Comparison with Peers - Other fund managers, such as Lan Xiaokang from China Europe Fund, have outperformed Fan Yan, achieving returns of 38.93% over the same period [6][7]. - Newer fund managers like Ren Jie from Yongying Fund have seen explosive growth, with returns of 196.95% and AUM increasing from 25.2 million to 11.5 billion [6][7]. Investment Strategy - Fan Yan's investment strategy is characterized by a balanced and diversified approach, with the top ten holdings only accounting for 14.20% of the fund's net value, which contrasts with peers who have higher concentrations in their top holdings [9][10]. - The diversified nature of her portfolio, while aimed at risk mitigation, has resulted in less aggressive performance compared to more concentrated strategies employed by other successful fund managers [10]. Company Performance - Fuguo Fund, despite its historical success, has faced declining profits, with net profit dropping from 25.64 billion in 2021 to 1.75 billion by the end of 2024 [14]. - The company has been actively recruiting well-known fund managers to improve performance, but the results have yet to reflect a significant turnaround [12][14].