Core Viewpoint - The performance of key fund managers at Dongfang Fund, particularly Wang Ran and Li Rui, has raised concerns in the market due to their poor investment returns, leading to a potential trust crisis for the company [2][3]. Group 1: Fund Performance - Dongfang Fund currently manages a total of 123.4 billion yuan across 123 funds, but the active equity investment capabilities are under scrutiny due to negative returns [3]. - Wang Ran's three managed funds have all reported negative returns, with the best performance being -8.94% over her tenure [3]. - The Dongfang Quality Consumption One-Year Holding A/C classes have seen returns of -57.93% and -58.31%, with net values dropping to 0.424 yuan and 0.417 yuan respectively [3]. - The Dongfang Urban Consumption Theme Mixed Fund has also underperformed, with returns of 16.53%, -15.83%, and -28.70% over the past one, two, and three years, respectively [4]. Group 2: High Turnover Rates - Wang Ran's Dongfang Emerging Growth Fund has a turnover rate exceeding 600%, reaching 750% in Q2 2024, but this high turnover has not translated into improved returns, with a three-year loss of 38.71% [4][5]. - High turnover rates are indicative of unstable investment strategies, which contradict the advocated principles of value and long-term investing [5]. - Frequent trading increases transaction costs, which can further erode fund performance and negatively impact investor experience [5][7]. Group 3: Li Rui's Fund Performance - Li Rui's flagship fund, the Dongfang New Energy Vehicle Theme Mixed Fund, has seen a drastic decline in performance since 2022, with returns of -31.69%, -32.02%, and -2.11% in the following years, ranking at the bottom among peers [6]. - The fund's management scale has decreased significantly from 224.41 billion yuan at the end of 2021 to 78.58 billion yuan by mid-2024 [6]. - Another fund managed by Li Rui, the Dongfang Automotive Industry Trend Mixed A, has also seen its scale shrink from 1.4 billion yuan to 0.52 billion yuan over three years [6].

东方基金权益研究部总经理王然管理的多只产品长期业绩不佳，引发持有人强烈不满。部分投资者损失惨重，有人15万本金仅剩4万多元。东方基金作为老 牌公募机构，用时20年才突破千亿规模，但旗下"迷你基"扎堆现象严重，多只权益产品面临清盘风险。 基金经理业绩持续低迷 具体来看，东方民丰回报赢安混合规模不足300万元，东方创新医疗股票、东方匠心优选混合等5只产品规模不足3000万元。发起式基金中，东方专精特新混 合发起式规模不足1800万元，该产品将在今年底迎来"三年大考"。东方养老目标2050五年持有混合发起规模不足1.1亿元，该产品将在明年11月面临考验。 王然目前管理3只产品，现任基金资产管理总规模为2.05亿元。其在管基金最佳任期回报为-10.19%，创下其公募职业生涯的最差表现。东方新兴成长混合基 金今年以来收益微涨0.06%，在同类近2300只产品中排名2133位。东方品质消费一年持有期混合A在同类4500余只产品中排名4154位。 王然在2020年至2021年期间陆续卸任了多只产品，任职回报在4%至68%不等。从持仓情况看，她在2020年押中白酒股，东方新兴成长混合基金当年收益率 超过90%。2021年二三 ...