信达澳亚的“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 article discusses the transformation and performance of Xinda Aoya Fund Management, highlighting its recent integration into the Central Huijin system and changes in management, which are expected to drive sustained performance growth. Group 1: Performance Highlights - As of December 11, 2025, Xinda Aoya's "Xinda Aoya Performance-Driven Fund" achieved a year-to-date return of 141.95%, ranking fourth among active equity funds for 2025, with a two-year return of 209.53% [1][24] - The company has multiple funds with significant performance, including five products with returns exceeding 90% over the past two years, and two products that have doubled in value [1][24] - The company's fixed income products have also performed well, with returns around 10% for "Xinda Aoya Ansheng Pure Bond" and "Xinda Aoya Anyi Pure Bond" [24] Group 2: Strategic Transformation - In June 2025, Xinda Aoya was officially integrated into the Central Huijin system, marking a significant shift in its operational framework and strategic direction towards quality-driven growth [2][30] - The company is focusing on product innovation, research upgrades, and governance optimization, which are seen as essential components of its long-term strategy [2][30] - The dual strategy of "active management + quantitative innovation" is becoming clearer, allowing the company to differentiate itself in a competitive market [30][9] Group 3: Management Changes - On December 6, 2025, Fang Jing was officially appointed as the general manager, completing a transition that began with the retirement of the previous manager [31] - Fang Jing's extensive experience across various financial sectors positions him well to lead the company through its next growth phase [31] - His leadership is expected to maintain the company's established investment strategies while exploring new opportunities for product innovation and resource collaboration [31][32] Group 4: Business Expansion - Xinda Aoya is expanding its business model to include "fixed income/fixed income+" strategies, quantitative approaches, and multi-asset investment solutions [27][28] - The company aims to provide a comprehensive asset allocation framework for residents, adapting to the evolving investment landscape [27] - The introduction of the "HAI (Human and Artificial Intelligence)" platform aims to enhance transparency in returns and improve investor trust through detailed performance attribution [28][29]