Core Insights - In the first half of 2025, star fund managers managing billions of yuan delivered vastly different performance results in a volatile market environment [2] - Zhang Lu from Yongying Fund achieved the highest 250-day performance with a return of 83.3% and a management scale of 12.76 billion yuan [2][9] - Zhang Wei from Huatai-PineBridge Fund emerged as the biggest "dark horse" with a year-to-date return of 47.93% as of July 1 [8][10] Fund Management Scale - The top ten fund managers by management scale include Liu Jun from Huatai-PineBridge, Yu Haiyan, and Pang Yaping from E Fund, among others, with significant assets under management [3][4] - Liu Jun leads with a management scale of 338.72 billion yuan for the Huatai-PineBridge CSI 300 ETF, which has a one-year performance increase of 16.47% [5] - The "index army" phenomenon is noted, with several fund managers managing products exceeding 200 billion yuan, indicating a shift in the public fund industry landscape [6] Performance Rankings - The top three fund managers based on 250-day performance are Zhang Lu (83.3%), Jin Huang (47.97%), and Wang Guizhong (46.48%) [8][9] - Year-to-date performance rankings show Zhang Wei leading with a 47.93% increase, followed by Zhang Lu at 33.88% and Tian Ximeng at 25.18% [10] Market Trends - The CSI 300 index is highlighted for its attractive allocation value, supported by recent financial policies aimed at stabilizing the market [7] - The index's dividend yield is expected to rise due to the peak dividend distribution period for A-share companies, making it a focal point for investors [7] - The stock-bond yield spread for the CSI 300 index is currently at a high point, suggesting its potential as an equity investment in a declining interest rate environment [7]