11月份汇丰晋信旗下12只基金跌超8% 均由陆彬管理

Core Viewpoint - In November 2025, all funds managed by Lu Bin at HSBC Jintrust Fund Company experienced significant declines, with 12 funds dropping over 8%, indicating potential management and investment strategy issues [1][3]. Fund Performance Summary - HSBC Jintrust Research Selected Mixed Fund had the largest decline at 9.97% in November, with a cumulative return of -3.23% since its inception on January 21, 2022 [1]. - HSBC Jintrust Core Growth Mixed C and A funds also saw declines of 9.87% and 9.83% respectively in November, with cumulative returns of -8.76% and -6.67% since their launch on May 24, 2021 [1][2]. - Other funds, such as HSBC Jintrust Era Pioneer Mixed, also reported significant losses, with cumulative returns of -12.13% and -13.90% for A and C shares respectively [2][3]. Investment Focus - The investment strategy of the funds primarily focuses on the renewable energy sector, particularly in the photovoltaic industry, with major holdings including companies like Yiwei Lithium Energy, JA Solar Technology, and Xinyi Solar [1][3]. - The top ten holdings for HSBC Jintrust Era Pioneer Mixed also reflect a strong emphasis on the photovoltaic sector, featuring companies such as Trina Solar and LONGi Green Energy [3]. Management Background - Lu Bin has over six years of experience managing public funds and has held various positions within HSBC Jintrust, including Assistant General Manager and Investment Director [3]. - Despite a strong track record with a few funds managed before 2021, the majority of Lu Bin's recent funds have significantly underperformed compared to their peers [3].