一家千亿公募的“重构DNA”实验：汇金系入主、管理层更迭，业绩何以持续起飞？

Core Viewpoint - The performance competition among public funds is intensifying as the year-end approaches, with several funds achieving significant returns, particularly the Xinda Australia fund, which has seen a return of 141.95% year-to-date as of December 11, 2025, and 209.53% over the past two years, positioning it as a leader in the mixed equity fund category [1][3]. Group 1: Performance Highlights - As of December 11, 2025, four funds have surpassed the 140% return mark, with Xinda Australia leading at 141.95% year-to-date [1]. - Over the past two years, Xinda Australia has achieved a remarkable return of 209.53%, ranking second among all mixed equity funds [1]. - Other funds under Xinda Australia have also performed well, with five products achieving over 90% returns in the last two years, and two products doubling their performance [1]. Group 2: Strategic Developments - In June 2025, Xinda Australia underwent a significant restructuring by being incorporated into the Central Huijin system, which has provided the company with a stronger foundation for its "quality-driven" transformation [2][10]. - The company is focusing on product innovation, research upgrades, and governance optimization, which are all part of a cohesive strategy to enhance its resilience and depth in the market [2]. - The management team is committed to balancing short-term performance with long-term strategic positioning, aiming for a more stable and sustainable growth path [1][2]. Group 3: Investment Strategy - Xinda Australia is adopting a dual approach of equity and fixed income investments, which allows it to navigate market fluctuations effectively [3][4]. - The company’s fixed income segment has also seen positive results, with certain funds achieving around 10% returns over the past three years [4]. - The "absolute return" strategy, supported by a Human and Artificial Intelligence (HAI) platform, aims to provide transparent and systematic asset allocation, enhancing investor trust [7][8]. Group 4: Growth and Scale - By the end of Q3 2025, Xinda Australia’s asset management scale exceeded 110 billion yuan, placing it among the top 60 firms in the industry, with a balanced structure between equity and fixed income [5]. - The company has successfully maintained a balanced business structure, with equity assets surpassing 43 billion yuan and bond assets exceeding 20 billion yuan [5]. - The firm’s growth narrative is rooted in its commitment to professional research and development, which has led to multiple funds receiving high ratings from evaluation centers [6]. Group 5: Leadership Changes - The appointment of Fang Jing as the new general manager marks a significant transition in leadership, reflecting the company's evolution towards high-quality development [11][12]. - Fang Jing's extensive experience across various financial sectors positions him well to lead the company in its strategic initiatives and resource integration [11]. - This leadership change is indicative of the broader industry trend towards a more refined and responsible approach to asset management [12].