好大胆！浦银安盛基金这么宣传不违规吗？

Core Viewpoint - The article discusses the poor performance of the Pu Yin An Sheng Strategy Preferred Fund, which has lost 12.52% over two years, significantly underperforming the CSI 300 index and its benchmark by over 50% [1][11]. Group 1: Fund Performance - The Pu Yin An Sheng Strategy Preferred Fund has been in a continuous loss for two years, with a cumulative loss of 12.52% [1][11]. - The fund's performance has lagged behind the CSI 300 index and its benchmark by more than 50% [1][11]. - The fund manager, Yang Fulian, has faced significant pressure due to the fund's poor performance, leading to his resignation in October 2025 [3][13]. Group 2: Manager's Background - Yang Fulian was the first fund manager of the Pu Yin An Sheng Strategy Preferred Fund, which was launched on December 19, 2023 [3][13]. - His management of the Pu Yin An Sheng Consumption Upgrade Fund from December 2020 to October 2025 yielded only a 10.81% return, which is not impressive given the overall market conditions [3][13]. - During his tenure, Yang managed several funds, all focused on the consumer sector, but his strategies did not yield favorable results [7][17]. Group 3: Fund Company and Structure - Pu Yin An Sheng Fund was established in 2007 and is the first bank-affiliated fund company in China, with a management scale exceeding 300 billion [2][12]. - The company is controlled by Shanghai Pudong Development Bank (51%), with Paris Asset Management holding 39% and Shanghai Guosheng holding 10% [2][12]. Group 4: Marketing and Compliance Issues - The fund's marketing materials highlighted the past performance of other funds managed by Yang Fulian, misleadingly suggesting his strong investment capabilities [8][18]. - The promotional data used in marketing were not aligned with the actual time Yang managed the funds, raising concerns about compliance with regulations requiring accurate disclosure of fund manager performance [10][20]. - The marketing strategy has been criticized for potentially misleading investors by attributing past successes to Yang's management, despite his actual performance being negative [10][20].