王登峰，重回公募基金！

Core Viewpoint - Wang Dengfeng, the former manager of Yu'ebao, has joined BlackRock Fund as Chief Investment Officer starting from August 1, 2025, marking a significant shift in the fund's management team [2][4]. Group 1: Wang Dengfeng's Background and Role - Wang Dengfeng previously managed Yu'ebao, the world's largest money market fund, and has extensive experience in fixed income investment [4]. - He holds a master's degree in economics and has worked at CITIC Securities and Tianhong Asset Management before managing Yu'ebao [4]. - His transition to BlackRock Fund is expected to enhance the fund's fixed income platform and product offerings, leveraging his strategic vision and industry resources [4][7]. Group 2: BlackRock Fund's Management Changes - Following Wang's departure, Liu Rui will expand his role to become the Chief Investment Officer of BlackRock Jianxin Asset Management [5]. - The fund has recently seen a leadership change with the appointment of Yu Peihua as General Manager in March 2025, indicating a broader restructuring within the firm [7]. Group 3: Fund Performance and Market Position - As of June 30, 2025, BlackRock Fund's non-money market management scale was 6.86 billion yuan, ranking 132nd in the public fund industry [7]. - The first product, BlackRock China New Horizons C, has not yet returned to its initial net value, with a scale of 2.253 billion yuan, indicating a significant reduction from its issuance size [8]. - In contrast, the BlackRock Advanced Manufacturing One-Year Holding Fund has shown strong performance, ranking among the top in its category for various growth rates [8].