Group 1 - Multiple public funds announced changes in fund managers, with some managers resigning in a "clearance" manner [1][2] - Wu Huijuan from Green Fund resigned from managing three funds on June 16, 2023, after less than six months in the role, with the highest return of 1.35% for one fund [2] - Qi Jieping from Chunhou Fund also resigned from managing four funds on June 14, 2023, due to personal reasons [2][3] Group 2 - Liu Taiyang from Penghua Fund resigned from three funds in June, leaving only one fund under management [3] - The resignation of fund managers has increased the burden on remaining managers, with some now managing multiple funds [3] - Notably, larger fund companies and star fund managers are also experiencing significant changes in their managed products, including resignations from underperforming funds [4] Group 3 - As of June 17, 2023, there have been 2,314 fund manager changes since 2025, with 1,254 managers resigning [5] - The high turnover of fund managers is closely linked to market cycles, with a shift towards team-based operations and a trend of managers seeking better career opportunities [6]

J P M O R G A N North America Emerging Markets Research 13 June 2025 EM Flows Weekly Scaling new heights: EM bond funds see inflows surpass last week's yearly high EM Flows Weekly includes fund flow data, non-resident EM portfolio flow data, weekly retail fund flow models, EM-dedicated retail bond fund beta trackers, and historical cross-asset fund flows. – Within local currency, EM ex-China saw inflows of +$314mn (from + $375mn), while China-focused funds saw outflows of -$15mn (from +$27mn). – Within hard ...

Core Points - ArrowMark Financial Corp. declared a cash distribution of $0.45 per share for Q2 2025, payable on June 27, 2025, to shareholders of record on June 23, 2025 [1] - The net income for Q1 2025 was reported at $0.58 per share, exceeding the quarterly distribution amount, demonstrating consistent over-earning of the distribution rate over the past four years [2] - ArrowMark Financial is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX," focusing on providing current income through investments in regulatory capital securities of financial institutions [3]

以下文章来源于中金点睛 ，作者韦璐璐 薛丰昀等 文/中金公司研究部 韦璐璐、薛丰昀、陈健恒 近期四大行下调存款利率，1年期定期存款利率下降至1%以下。并且，随 着7天回购利率的下调，货币市场基金7日年化收益率也在向1%靠近。对 于货币基金、现金管理类理财而言，如何应对这一挑战？我们希望从海外 经验来梳理和挖掘一些共同的规律，来为国内的管理人和监管机构提供参 考借鉴。 中金点睛 . 图文并茂讲解中金深度研究报告 近期四大行下调存款利率，1年期定期存款利率下降至1%以下。并且，随着7天回购利率的下调，货币市场基金7日年化收益率也在向1% 靠近。对于货币基金、现金管理类理财（由于现金管理类理财已经改革转型，目前收益率接近货币基金，因此以下以货币基金为主要研 究对象）而言，如何应对这一挑战？我们希望从海外经验来梳理和挖掘一些共同的规律，来为国内的管理人和监管机构提供参考借鉴。 海外主要市场低利率的背景及货币基金规模的变化 1. 美国：利率下降周期中资金流出MMF 美国货币市场基金收益率进入"1%"时代主要有三个时期，分别是2003年-2004年、2009年-2017年以及2020-2021年。 具体来看： 1) 20 ...

Core Insights - The podcasting initiative by over 20 fund companies has emerged as a new channel for engagement, allowing them to connect with various audience segments through audio content [1][2] - This year-long experiment has shown both hesitance and surprising success, positioning podcasts as a valuable dialogue tool for investment empowerment [1] Fund Companies' Podcast Engagement - More than 20 fund companies have entered platforms like Ximalaya and Xiaoyuzhou, creating content that makes financial data and insights more relatable [2] - Notable podcasts include "Dafang Talks Money" by Huaxia Fund with nearly 75,000 subscribers and "Zhongou Fund" with over 29,000 subscribers, showcasing significant audience engagement [2][3] Audience Interaction and Content Strategy - Podcasts have high listener engagement, with many listeners providing feedback and suggestions in comment sections, enhancing content development [4] - Fund companies like Zhongou Fund emphasize the importance of addressing audience curiosity and confusion, aiming to provide valuable insights through diverse perspectives [4][6] Multi-Platform Strategy - Fund companies are developing differentiated content strategies across various platforms, including Xiaohongshu and video platforms, to enhance brand communication [6][7] - Zhongou Fund utilizes podcasts as a foundational content source, repurposing episodes into articles and short videos for broader reach [6] Challenges in the Podcasting Landscape - Fund companies face challenges in content direction and platform algorithm pressures, necessitating a focus on high-quality, brand-aligned content [8] - The competition for listener attention is intense, with rising costs for acquiring new users and the need for continuous high-quality content to maintain listener loyalty [8]

Core Insights - The average yield of bond funds in the public market for May was 0.19%, with approximately 80% of the products showing floating profits [2][8] - Convertible bond funds performed well, with an average return of 1.28% in May, while passive index bond funds lagged behind with a mere 0.07% increase [3][4] Performance Analysis - Top-performing funds included Zhonghai Convertible Bond A and Huashang Convertible Bond Selection A, with returns of 4.72% and 3.09% respectively [5][7] - A total of 600+ bond funds experienced floating losses in May, with Jin Ying Yuan Feng A and He Xu Zhi Yuan Xin Yue Li Rate Bond A showing significant declines of 1.95% and 1.69% [8][10] Fund Details - Zhonghai Convertible Bond A utilized a quantitative approach for style selection and invested in undervalued convertible bonds [7] - Jin Ying Yuan Feng A's significant drop was attributed to its heavy investments in stocks and bonds that underperformed in the market [8][10]

对冲基金Tolou Capital Management已对两年期美国国债建立杠杆多头仓位，认为美联储主席鲍威尔将被 一位"超级鸽派"取代，后者将在美国总统特朗普的敦促下大幅降息。 Tolou Capital首席投资官Spencer Hakimian三周前开始做多，押注短期债券收益率将在未来12-18个月内 大幅下降；鲍威尔的任期将于2026年5月到期，特朗普最近表示他将"很快"任命继任者。 ...

想要获取这个课程，可以添加下方「课程小助手」，回复「 基金投顾 」领取哦～ 更有课程笔记、思维导图，帮您快速搞懂课程脉络，学习更高效。 基金投资也是如此。 基金投顾的诞生，正是为了解决基金行业存在的"基金赚钱，基民不赚钱"的问题。 那么，基金投顾有哪些优势？ 是如何通过"投"和"顾"，帮助投资者获得好收益的呢？ 这里有一门限时免费的福利课程，介绍了基金投顾的方方面面。 文 | 银行螺丝钉 （转载请注明出处） 基金投顾，顾名思义，就是基金的投资顾问。 很多行业都有顾问，特别是一些专业性很强的行业。 例如， ◆◆◆ ▼点击阅读原 文，免费学习大额家庭资产配置课程 • 看病吃药，需要医生，医生就是顾问； • 有法律问题，需要律师，律师也是顾问。 ...

以下文章来源于阿尔法工场DeepFund ，作者基哥 阿尔法工场DeepFund . 近期，融通基金经理万民远在微信群提示创新药板块风险的言论，在市场和基金公司内部引 发了一场风波，基哥认为，值得拿出来讨论一下。 专注基金行业事件、产品和人物故事，探究背后的深层逻辑。 作者 | 基哥 来源 | 阿尔法工场DeepFund 导 语： 基金经理既被要求通过公开言论提升市场影响力，又被限制在关键时刻发表看法，这 种"宣传需求"与"言论限制"的矛盾，构成了当下基金经理职业行为的现实困境。 来源：网络截图 万民远在微信群里认为，创新药数据大部分都是3-5年后的事，现在A股炒的大部分都是1、2 期甚至临床前的......大部分都是纯炒，这位置大部分公司估计都见了未来三五年的顶，甚至很 多估计是永远的顶，这波创新药的泡沫远比上轮CXO的泡沫大，CXO好歹出了业绩，创新药 很多永远都不会有业绩。 言论一出，迅速在各大社群传播。 基金公司之所以高度重视合规管理，与近年来行业面临的舆论环境密不可分。 一方面，市场持续疲软导致产品业绩普遍承压，清盘案例频发；另一方面，行业降费降薪潮 引发薪酬调整、人员优化等一系列劳资纠纷。 双重压 ...

Group 1 - Recent personnel changes at China Merchants Group's financial institutions, including the appointment of Zhu Jiangtao as president of China Merchants Securities [1][2] - Zhu Jiangtao's background includes significant experience in risk management and leadership roles within China Merchants Bank [6][26] - The restructuring reflects China Merchants Bank's strategy to enhance its wealth management business amid competitive pressures [4][12] Group 2 - China Merchants Bank's wealth management revenue has faced challenges, with a reported decline in fees and commissions by 22.70% year-on-year in 2024 [8][14] - The bank's wealth management strategy is under scrutiny, particularly in light of competition from Ant Group, which has significantly outperformed in fund management [10][11] - The appointment of Wang Xiaoqing as executive director indicates a continued focus on wealth management within the bank's strategic priorities [12][17] Group 3 - China Merchants Fund has experienced management changes, with new leadership aimed at revitalizing its performance in the competitive fund management landscape [18][24] - The fund's assets under management have stagnated, with a current non-monetary management scale of 550 billion yuan, ranking ninth in the industry [23] - The new general manager, Zhong Wenyue, faces challenges in enhancing the fund's equity product offerings and addressing the ETF market gap [20][25] Group 4 - China Merchants Securities remains a top player in the brokerage industry, ranking ninth with a revenue of 20.9 billion yuan in 2024 [26][27] - The firm has seen a decline in its investment banking revenue, which dropped by 34% year-on-year, indicating a need for strategic adjustments [27] - The integration of leadership from China Merchants Bank into China Merchants Securities aims to strengthen collaboration and enhance overall business performance [28][29]