Core Viewpoint - The recent management changes at China Jianyin Investment Management Co., Ltd. (交银施罗德基金) reflect a shift towards a more centralized leadership structure, with all top executives now coming from the parent company, China Communications Bank (交行), raising concerns about the fund's market competitiveness and professional integrity [2][20]. Management Changes - The announcement of the transition from former General Manager Xie Wei to Yuan Qingwei, who previously held senior positions at China Communications Bank, marks a significant shift in management [1][15]. - Xie Wei, a veteran in the public fund industry, will retire this summer after contributing to the company's growth since joining in 2008 [1][3]. Performance Trends - The fund's assets under management (AUM) peaked at 394.7 billion yuan at the end of 2021 but have since declined to 238.1 billion yuan by Q1 2025, dropping out of the top 20 in the industry [1][8]. - The performance of the fund's equity managers has deteriorated, with average returns declining over the past two years, leading to a significant drop in market position [6][8]. Historical Context - The fund was established in 2005 and initially thrived under a market-oriented management structure, but recent changes have led to a more centralized approach that may hinder its competitive edge [17][20]. - The fund's historical success was attributed to a strong investment culture and a focus on active equity management, but this has weakened in recent years [5][12]. Investment Strategy - The fund has traditionally emphasized a balanced investment approach, but recent performance issues have led some managers to deviate from this strategy, resulting in increased concentration in specific sectors like pharmaceuticals and banking [9][10]. - The decline in performance has been attributed to a lack of adaptability to market trends and missed opportunities in emerging sectors such as AI and robotics [12][20]. Talent and Research Team - The fund's research team has shrunk compared to leading firms, limiting its ability to cover investment opportunities effectively [12][13]. - The reliance on internal talent development without external recruitment has raised concerns about the fund's ability to innovate and adapt to changing market conditions [13][20].

5月30日，景顺长城基金发布公告称，董事长李进因任期届满离任，由公司总经理康乐代为履行董事长职务，代职期限不超过6个月。 | 离任高级管理人员职务 | 直事长 | | --- | --- | | 离任高级管理人员姓名 | 李进 | | 离任原因 | 任期届满 | | 离任日期 | 2025年5月29日 | | 转任本公司其他工作岗位的说明 | 元 | 景顺长城景骊成长混合基金于2025年4月18日增设C类份额，截至2025年6月4日，C类份额成立以来的净值下跌4.28%。 截至一季度末，景顺长城景骊成长混合基金A类份额成立以来跑输业绩比较基准21.85个百分点。景顺长城景骊成长混合基金持有股票占基金总资产的比例为 93.32%，未持有债券，前十大持仓个股分别为爱旭股份、钧达股份、东方电缆、城建发展、保利发展、招商蛇口、隆基绿能、晶澳科技、特宝生物、盟升 电子等。 景顺长城景骊成长混合基金一季报显示，宁波东方电缆股份有限公司在报告编制日前一年内曾受到地方交通运输局的处罚。景顺长城基金表示，景顺长城景 骊成长混合基金的基金经理依据基金合同及公司投资管理制度，在投资授权范围内，经正常投资决策程序对上述主体所发行证券 ...