宝盈基金“科技悍将”张天闻清仓式卸任，科技赛道“押注式投资”引争议

Core Viewpoint - The sudden resignation of fund manager Zhang Tianwen from four funds at Baoying Fund has raised concerns in the industry, especially given his previous success in managing funds focused on technology sectors [2][3]. Group 1: Fund Manager's Performance - Zhang Tianwen managed funds that achieved significant returns, with the Baoying Semiconductor Industry Mixed Fund A (017075) returning 93.18% and the Baoying Basic Industry Mixed Fund A (010383) returning 85.51% during his tenure [3]. - Other funds under his management, such as Baoying Artificial Intelligence Stock A (005962) and Baoying Smart Life Mixed A (011170), also showed strong performance, with returns of 75.79% and 51.30% respectively [3]. Group 2: Concerns Over Investment Strategy - There are concerns regarding a potential "style drift" and "betting-style investment" in Zhang's managed funds, as they heavily overlap in the TMT (Technology, Media, Telecommunications) and hard technology sectors [5][6]. - The concentrated holding strategy in these funds amplifies risks associated with a single sector, making performance highly dependent on market trends rather than the fund manager's active management skills [6]. Group 3: Company Response - Baoying Fund stated that each fund managed by Zhang Tianwen adhered to its specific investment logic and strategy, emphasizing that the funds are not merely overlapping but have distinct focuses within the technology sector [7].