Core Insights - Liu Hui, a well-known fund manager at Yinhua Fund, passed away on January 9, 2026, at the age of 54 [1] - Liu joined Yinhua Fund in November 2016 and was responsible for managing several fund products, including Yinhua Domestic Demand Selected Mixed Fund and Yinhua Entrepreneurship Board Two-Year Open Fund [1] - As of the end of Q3 2025, Liu managed a total asset scale of 3.281 billion yuan, and as of January 8, 2026, the return on the Yinhua Domestic Demand Selected Mixed Fund was 160.12% [1]

Group 1 - Liu Hui, a fund manager at Yinhua Fund, passed away at the age of 54 due to illness, prompting condolences from the company's management and staff [1] - Liu Hui joined Yinhua Fund in November 2016 and was responsible for managing several fund products, including Yinhua Domestic Demand Selected Mixed Fund and Yinhua Same Power Mixed Fund [1] - As of the end of Q3 last year, Liu Hui managed a total asset scale of 3.281 billion yuan, with a return of 160.12% for the Yinhua Domestic Demand Selected Mixed Fund as of January 8, 2026, translating to an annualized return rate of 11.43% [1] Group 2 - Liu Hui's investment philosophy emphasized "industry-based, value-oriented, and long-term investment," focusing on thorough industry and company research to identify stable investment opportunities [2] - He believed that to achieve excess returns, funds must seek industries and companies capable of long-term market value expansion, requiring diligent industry research and a forward-looking perspective [2] - Liu Hui highlighted the importance of transforming foresight into long-term investment practice as a key to the survival of public funds in the investment landscape [2]

Core Viewpoint - Liu Hui, a seasoned investment manager at Yinhua Fund, has passed away, raising concerns about the management transition of the funds he oversaw [3][4]. Group 1: Background Information - Liu Hui held a doctoral degree and had previously worked at CITIC Securities, CITIC Fund Management, and Beijing Jiasu Asset Management, focusing on investment research [3]. - He joined Yinhua Fund in November 2016 and served as the team leader of the equity investment management department and fund manager [3]. Group 2: Fund Management - During his tenure, Liu managed three funds: Yinhua Domestic Demand Selected Mixed Fund, Yinhua Tongli Mixed Fund, and Yinhua Two-Year Fixed Open Growth Fund, with a total management scale of 3.281 billion yuan [3]. - As of January 9, the total return of the Yinhua Domestic Demand Selected Fund under his management was 160.12%, with an annualized return of 11.43% [3]. Group 3: Company Statement - Yinhua Fund stated that it will continue to uphold the value of "doing the long-term right thing" and will manage and utilize fund assets with honesty and diligence to protect the legal rights of its investors [3].

Core Viewpoint - The passing of Liu Hui, the team leader of the equity investment management department at Yinhua Fund, is a significant loss for the company and the investment community, highlighting his contributions and the impact of his management on the funds he oversaw [1][2]. Group 1: Liu Hui's Background and Contributions - Liu Hui held a doctoral degree and had extensive experience in investment research, having worked at several prominent firms including CITIC Securities and CITIC Fund Management [2]. - He joined Yinhua Fund in November 2016 and managed three funds: Yinhua Domestic Demand Selected Mixed Fund, Yinhua Tongli Mixed Fund, and Yinhua Growth Enterprise Board Two-Year Open Fund, with a total management scale of 3.281 billion yuan [2]. - Under his management, the Yinhua Domestic Demand Selected Fund achieved a total return of 160.12% and an annualized return of 11.43% as of January 9 [2]. Group 2: Company Response and Future Actions - Yinhua Fund expressed deep condolences for Liu Hui's passing and acknowledged his significant contributions to the company's development [1][2]. - The company reaffirmed its commitment to its values of integrity and diligence in managing fund assets to protect the rights of its investors [2]. - As of now, Yinhua Fund has not announced a succession plan for the funds managed by Liu Hui following his death [2].

Core Insights - Liu Hui, a fund manager at Yinhua Fund, passed away at the age of 54 due to illness [1] - Liu joined Yinhua Fund in November 2016 and was responsible for managing several fund products [1] - The total scale of the funds managed by Liu is 3.281 billion yuan, with notable performance metrics [1] Fund Management - Liu Hui was the team leader of the equity investment management department and managed three funds: Yinhua Domestic Demand Selected Mixed Fund, Yinhua Tongli Mixed Fund, and Yinhua Growth Enterprise Board Two-Year Open Fund [1] - The representative fund, Yinhua Domestic Demand Selected, achieved a return of 160.12% and an annualized return of 11.43% [1] Company Response - Yinhua Fund's management and employees expressed deep condolences and heartfelt memories regarding Liu Hui's contributions [1] - The company extended sincere gratitude for Liu's significant contributions over the years and offered condolences to his family [1]

来源：晨晖絮语 投资年限:8.82年 年化收益:11.49% 管理规模:32.81亿 管理数量:3只 个人标签:周期,有色金属 获得奖项:暂无奖项 代表作品: 银华内需LOF 个人简介 博士学位。曾就职于中信证券股份有限公司、中信 基金管理有限公司、北京嘉数资产管理有限公司. (↑) / 你最爱的基金经理都是谁? 关注 顶部 O <1 ■ 5611 5611 59111 20 76% 18:40 刘辉 双带动 经理指数 · 沪深300 √ 权益型年化收益:11.49% 2026-01-08 180.0% 25年秋天以来，公募基金已损失王国斌泉果基金王国斌突发身体情况恶化离世、王宗合前公募明星基金 经理王宗合陨落两位重量级人物。今天突然得到消息，银华基金基金经理刘辉去世。 曾经流传着这样一句口号：银华内需找刘辉。上一轮熊市他的最大回撤55%还算可以，现在持仓大部分 是黄金股，眼看还有不到5%就要爬出坑创历史新高了，可惜天不遂人愿 还是那句话，身心健康永远是放在第一位的！ MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨红卜 来源：晨晖絮语 5 al Sal 69 76% 1884-0 刘辉 个人评分 ② 权 ...

Group 1 - Liu Hui, a fund manager at Yinhua Fund, passed away at the age of 54 due to illness, prompting condolences from the company's management and staff [1] - Liu joined Yinhua Fund in November 2016 and served as the team leader of the equity investment management department, managing several fund products [3] - As of the end of Q3 last year, Liu managed a total asset size of 3.281 billion yuan, with his fund, Yinhua Domestic Demand Selected Mixed Fund, achieving a return of 160.12% and an annualized return rate of 11.43% as of January 8, 2026 [3] Group 2 - Liu's investment philosophy emphasized "industry-based, value-oriented, and long-term investment," focusing on thorough industry and company research to identify stable investment opportunities [3] - He believed that to achieve excess returns, funds must seek industries and companies capable of long-term market value expansion, requiring a commitment to in-depth industry research and a forward-looking investment approach [3]

Group 1 - Liu Hui, a fund manager at Yinhua Fund, passed away at the age of 54 due to illness, with the company expressing deep condolences and gratitude for his contributions [1] - Liu Hui joined Yinhua Fund in November 2016 and was responsible for managing several funds, including Yinhua Domestic Demand Selected Mixed Fund and Yinhua Entrepreneurship Board Two-Year Open Fund, with a total management scale of 3.281 billion [4] - As of January 8, 2026, the Yinhua Domestic Demand Selected Mixed Fund managed by Liu Hui achieved a return of 160.12%, with an annualized return rate of 11.43% [4] Group 2 - Liu Hui's investment philosophy emphasized "industry-based, value-oriented, and long-term investment," focusing on thorough industry and company research to identify stable investment opportunities [5] - He believed that to achieve excess returns, funds must seek industries and companies capable of long-term market capitalization growth, highlighting the importance of diligent industry research and a forward-looking perspective in investment practices [5]

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1月9日消息，记者从业内获悉，银华基金旗下基金经理刘辉因疾病逝世，享年54岁。公开资料显示，刘 辉于2016年11月加入银华基金，任权益投资管理部团队长、基金经理，管理银华内需精选混合、银华同 力混合、银华创业板两年期定开等3只基金，合计管理规模为32.81亿元，在管基金最佳回报154.82%。 （智通财经记者 闫军） ...