Core Viewpoint - The rapid growth of a mixed fund has propelled China Aviation Fund to a new milestone of 60 billion in management scale, but this success is overshadowed by the departure of key executives [1][13]. Group 1: Executive Changes - Notable economist Deng Haiqing resigned from China Aviation Fund for personal reasons and is set to join Zhongjia Fund, marking a significant career shift [2][9]. - Deng's tenure at China Aviation Fund was marked by poor performance, with a return of -12.9% during his management of the mixed fund [4][7]. - The executive team at China Aviation Fund has seen frequent changes, with only three core executives remaining, including the general manager and chief financial officer [11][12]. Group 2: Fund Performance - The China Aviation Mixed Reform Selected Mixed Fund, managed by Deng and a novice manager, has shown disappointing performance, with returns of -12.77% and -12.9% for its A and C shares respectively [4][7]. - The fund's scale has fluctuated significantly, dropping below 20 million before recovering slightly to 26.85 million by September [4][7]. - The fund's performance has been poor over five quarters, with only one quarter showing decent results [5][7]. Group 3: Fund Growth and Market Position - China Aviation Fund's management scale reached 60.27 billion, a 30.54% increase from the previous quarter, largely due to the success of the China Aviation Opportunity Leading Mixed Fund [13][14]. - The China Aviation Opportunity Leading Mixed Fund saw its scale surge from 10.61 million to 132.31 million in a single quarter, marking an increase of over 11 times [14]. - Prior to this growth, China Aviation Fund primarily focused on bond funds, which constituted over 80% of its total management scale until the recent success of its mixed fund [15].

Group 1 - The core point of the article is the resignation of economist Deng Haiqing from China Aviation Fund and his upcoming transition to China Canada Fund, highlighting the differences in fund management scale and structure between the two companies [3][5][6] - Deng Haiqing's management performance at China Aviation Fund was poor, with a return rate of -12.77% during his tenure, primarily due to heavy investments in the real estate sector [4][5] - China Canada Fund has a management scale exceeding 136 billion yuan, primarily supported by bond funds, while its equity fund scale is less than that of China Aviation Fund [6][9] Group 2 - China Canada Fund's bond fund scale accounts for 84.13% of its total management, with a significant reduction in bond fund size noted [6] - In contrast, China Aviation Fund has a notable equity fund scale, with its mixed fund size reaching 184.19 billion yuan, benefiting from the recent technology bull market [7][8] - The performance of China Aviation Fund's star manager Han Hao has been exceptional, with a return rate of 203.95% for his flagship fund [8]

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]