Core Points - The announcement from QuanGuo Fund Management Co., Ltd. indicates the appointment of new fund managers Qian Sijia and Xu Yuan for the QuanGuo TaiRan 30-Day Holding Period Bond Fund, while the previous manager Dai Jun has left the position [1][2]. Group 1: Fund Manager Changes - Qian Sijia has extensive experience in asset management, having worked at Dongfang Securities and Shanghai Dongfang Securities Asset Management Co., Ltd. before joining QuanGuo Fund Management in November 2022 [1]. - Xu Yuan has a background in bond trading and management, previously working at Shangyin Fund Management Co., Ltd. and Nomura Orient International Securities Co., Ltd. before joining QuanGuo Fund Management in February 2024 [1]. Group 2: Fund Performance - The QuanGuo TaiRan 30-Day Holding Period Bond Fund A and C classes were established on April 16, 2024. As of June 13, 2025, the year-to-date returns are -0.85% and -1.02%, respectively, while the returns since inception are 0.91% and 0.43% [1]. - The cumulative net values for the A and C classes are 1.0091 yuan and 1.0043 yuan, respectively [1].

国 联 恒 泽 纯 债 A/C 成 立 于 2021 年 12 月 10 日 ， 截 至 2025 年 6 月 24 日 ， 其 今 年 来 收 益 率 为 0.05%、-0.10%，成立来收益率为9.96%、14.60%，累计净值为1.0989元、1.1448元。 | 基金名称 | 国联恒泽纯债债券型证券投资基金 | | --- | --- | | 基金简称 | 国联恒泽纯债 | | 基金主代码 | 014257 | | 基金管理人名称 | 国联基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 《基金管理公司投资管理人员管理指导意见》等 | | | 有关法规的规定 | | 基金经理变更类型 | 增聘基金经理 | | 新任基金经理姓名 | 汪曼其 | | 共同管理本基金的 | 罗汇 | | 其他基金经理姓名 | | 中国经济网北京6月25日讯 今日，国联基金公告，国联恒泽纯债增聘汪曼琪。 汪曼琪2015年7月至2019年4月任银华基金管理有限公司固收交易部交易员。2019年4月加入国联基 金，现任固收投资三部基金经理。 （责任编辑：康博） ...

| 基金管理人名称 | 兴华基金管理有限公司 | | --- | --- | | | 《公开募集证券投资基金信息披露管理办法》、《证券基金 | | 公告依据 | 经营机构董事、监事、高级管理人员及从业人员监督管理 | | | 办法》等 | | 高管变更类型 | 新任基金管理公司首席信息官 | 中国经济网北京6月30日讯 近日，兴华基金管理有限公司发布高级管理人员变更公告。公告称，张 翔任公司首席信息官。 张翔曾任国都证券股份有限公司信息技术工程师、中邮证券有限责任公司信息技术工程师、中航证 券有限公司资产管理分公司信息技术工程师、国新国证基金管理有限公司信息技术部负责人、信息技术 工程师。2025年6月加入兴华基金管理有限公司。 | 新任高级管理人员职务 | 首席信息官 | | --- | --- | | 新任高级管理人员姓名 | 张翔 | | 是否经中国证监会核准取得高管任职资格 - | | | 中国证监会核准高管任职资格的日期 | | | 任职日期 | 2025-06-27 | | 过往从业经历 | 曾任国都证券股份有限公司信息技术工程师、中邮证 券有限责任公司信息技术工程师、中航证券有限公司 | | | ...

2019年10月，易方达基金作为首批试点机构开展基金投顾业务，截至2024年末累计服务超12万个人 客户及百余家机构客户，目前已上线约20个渠道，提供标准组合策略和个性化定制策略服务。 另一家公募巨头子公司也传来重要消息。近日，证监会核准了华夏基金设立新的全资子公司北京华 夏金科信息服务有限公司，业务范围包括向商业银行及商业银行理财公司的理财产品提供份额登记、估 值、核算等运营服务，以及基于前述服务延伸的数据分析、信息披露材料制作、投资比例监控、产品研 究设计等相关服务。这是公募基金公司旗下首家运营子公司。 回顾近年来公募基金公司子公司的发展历程，从早期凭借"万能牌照"快速扩张，再到监管层收紧通 道业务，子公司规模大幅压缩，发展一度陷入沉寂。近年来，越来越多差异化、专业化的子公司涌现。 无论是华夏基金在运营服务领域的率先探索、易方达基金子公司在买方投顾的深耕，还是各类境外子公 司、股权投资子公司涌现，以及基金公司正在申请中的REITs子公司等，均是公募机构差异化发展、提 升综合财富管理能力的体现。 本报记者 张舒琳 公募巨头频现大动作 近日，公募基金巨头子公司布局再落一子。天眼查平台数据显示，近日，易方达财富 ...

中国经济网北京7月25日讯 今日，富安达基金公告，杨红离任富安达长盈混合。 富安达长盈灵活配置混合A成立于2016年5月11日，富安达长盈灵活配置混合C成立于2022年7月15 日，截至2025年7月24日，其今年来收益率为16.10%、15.73%，成立来收益率为-21.17%、-26.86%，累 计净值为0.7770元、0.7650元。 | 基金名称 | 富安达长盈灵活配置混合型证券投资基金 | | --- | --- | | 基金简称 | 富安达长盈混合 | | 基金主代码 | 002584 | | 基金管理人名称 | 富安达基金管理有限公司 | | | 《公开募集证券投资基金信息披露管理办法》 1 | | 公告依据 | 《基金管理公司投资管理人员管理指导意见》等 | | | 法律法规的规定 | | 基金经理变更类型 | 解聘基金经理 | | 共同管理本基金的其他基 | 赵恒毅 | | 金经理姓名 | | | 离任基金经理姓名 | 杨红 | （责任编辑：康博） 杨红曾任齐鲁证券有限公司研究所通信行业研究员、分析师，第一创业证券股份有限公司资管部分 析师。2013年9月加入创金合信基金管理有限公司任TMT ...

Core Insights - The WisdomTree Emerging Markets SmallCap Dividend Fund (NYSEARCA: DGS) is currently viewed as one of the most attractive investment options within emerging markets [1] Group 1: Fund Performance - The fund has a long-term history of outperforming many other emerging market investment vehicles [1]

Core Viewpoint - The leadership change at Hua'an Fund, with Xu Yong taking over from Zhu Xuehua, is seen as a critical variable for the company's future amidst declining revenue and profit, and potential integration with Haifutong Fund due to the merger of their parent companies [2][11]. Group 1: Leadership Transition - Xu Yong, a cross-industry veteran, is expected to leverage his experience in government, insurance, and public funds to revitalize Hua'an Fund, which has seen its growth stagnate [6][14]. - Zhu Xuehua's tenure saw the fund's assets grow from 64 billion RMB in Q3 2014 to over 700 billion RMB at his departure, but revenue and net profit declined in 2024, dropping the fund's industry ranking to 15th [2][7]. Group 2: Financial Performance - As of mid-2025, Hua'an Fund's management scale reached 700 billion RMB, but its revenue fell by 9.56% to 3.11 billion RMB, and net profit decreased by 2.66% to 910 million RMB, indicating a disconnect between scale and performance [7][10]. - The fund's reliance on money market funds has led to a significant drop in its active equity capabilities, contributing to its growth challenges [7][10]. Group 3: Governance and Risk - Recent scandals, including a former fund manager's penalty for misconduct, have exposed weaknesses in Hua'an Fund's risk control systems, further eroding trust [8][10]. - The fund's governance issues are compounded by a rigid incentive structure that hampers innovation and responsiveness to market changes [10][14]. Group 4: Market Dynamics and Future Outlook - The merger of Guotai Junan and Haitong Securities raises questions about the future of Hua'an Fund, with speculation that it may be absorbed by Haifutong Fund due to regulatory constraints on fund licenses [11][13]. - The integration poses risks, including potential rebranding and operational disruptions, which could significantly impact Hua'an Fund's market position [13][14].

Core Viewpoint - A nearly defunct "shell fund" experienced an unexpected net value surge of 68.73% in a single day due to large institutional redemptions, misleading investors and raising concerns about the fund company's marketing practices [1][3][4] Fund Performance and Redemption - The fund's scale increased by over 10,000 times in the second quarter, successfully avoiding liquidation [1][14] - On March 31, the fund's net value surged due to a large redemption of 0.76 million shares, resulting in a -100% asset change rate and leaving a net asset of less than 10,000 yuan [3][14] - Following the redemption, the fund reopened to individual investors after previously restricting access [3][4] Marketing and Communication Practices - The fund company provided vague explanations for the net value surge, failing to clarify the true cause and instead promoting the fund's performance [4][5] - The fund's real return rate for the second quarter was -0.29%, ranking in the bottom third among mixed equity funds, while the first half of the year showed a return of 20.38%, placing it in the top 9% [4][14] - The fund's marketing emphasized its past year net value growth of 117.64%, without addressing the abnormal net value fluctuations [4][5] Industry Trends and Practices - The fund's marketing strategy included "packaging" the fund with attractive labels related to trending sectors, such as humanoid robots, to attract investors [16][18] - Many small funds are adopting similar strategies to boost visibility and attract investments, especially in a competitive market [18][19] - The China Securities Regulatory Commission emphasizes the need for transparency and prioritizing investor interests, criticizing practices that mislead investors for the sake of growth [19]

Core Points - The Board of Directors of Total Return Securities Fund, Inc. has confirmed its intention to authorize a self-tender offer to purchase at least 15% of the Fund's outstanding shares at a price of at least 98% of the net asset value per share [1] - The Fund is also considering a rights offering to stockholders to purchase additional shares of common stock, aimed at limiting the increase in the Fund's expense ratio after the tender offer [2] - The number of shares to be purchased in the self-tender offer may exceed 15% but will not exceed 25% of the Fund's outstanding shares post-rights offering [2] Summary by Sections Self-Tender Offer - The Fund plans to initiate a self-tender offer for at least 15% of its outstanding shares at a minimum of 98% of NAV [1] Rights Offering - The Board is contemplating a rights offering to mitigate potential increases in the expense ratio due to a reduced asset base after the tender offer [2] - There is a possibility of dilution from issuing common stock at a discount to NAV, and the Board has not guaranteed the authorization or terms of the rights offering [2]

Fund Overview - The fund is named "CICC CSI 800 Index Enhanced Securities Investment Fund" and is classified as an equity fund [14] - The fund's operation method is a contractual open-end structure, with an indefinite duration [14] - The fund's share price is set at RMB 1.00 per share [15] Fund Management and Custody - The fund is managed by CICC Fund Management Co., Ltd., and the custodian is CITIC Bank [14][47] - The registered capital of CICC Fund Management Co., Ltd. is RMB 700 million [47] Fund Offering Details - The fund's public offering period is from August 18, 2025, to September 8, 2025 [20] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by law [16] Subscription Process - The minimum initial subscription amount is RMB 10, including subscription fees, with no upper limit on cumulative subscriptions during the fundraising period [3][27] - Subscription applications can be made through direct sales or designated sales institutions, with specific procedures outlined by each institution [2][19] Subscription Fees - Class A shares will incur a subscription fee, while Class C shares will not [24] - Subscription fees are used for marketing, sales, and registration expenses incurred during the fundraising period [25] Fundraising Conditions - The fund must meet specific conditions, including a total subscription of at least 200 million shares and 200 investors, to proceed with the establishment of the fund [44] - If the fundraising conditions are not met, the fund will be deemed unsuccessful, and the management will return the subscription amounts with interest [45] Investor Information - Investors can inquire about the fund and its offerings through the company's customer service hotline [48] - Detailed information about the fund can be found on the company's official website and the China Securities Regulatory Commission's fund disclosure website [11]