Group 1 - The core point of the news is the announcement of the departure of Zou Yun from the Xinda Australia Fund, specifically from the Xinao Blue Chip Selected Stock fund [1][2] - Zou Yun has a background as a researcher at Fidelity International from 2012 to 2015 and joined Xinda Australia Fund in October 2015, serving in various roles including industry researcher and fund manager [1] - The Xinao Blue Chip Selected Stock A fund, established on September 9, 2020, has a year-to-date return of 16.39% and a cumulative return of -33.52% since inception, with a net value of 0.6648 yuan as of August 29, 2025 [1] - The Xinao Blue Chip Selected Stock C fund, established on June 9, 2025, has a cumulative return of 14.53% as of August 29, 2025 [1][2] Group 2 - The fund is managed by Xinda Australia Fund Management Co., Ltd., and the change in fund manager is classified as the dismissal of the fund manager [2] - The other fund manager jointly managing this fund is He Jing [2]

Core Insights - A report by Zhito Finance highlights that 64 fund managers have underperformed their benchmarks by over 10% in annualized returns over the past three years, with some notable managers included [1] Group 1: Fund Managers Performance - Among the 64 fund managers, two from China Universal Asset Management, Zou Yun and Zeng Guofu, are listed for managing funds that have all underperformed their benchmarks by over 10% [1] - Zou Yun manages four funds with a total scale of 1.484 billion yuan, with the worst-performing fund, Xin'ao Zhicheng Selected Mixed A, showing a return of -52.97% since its management began in March 2021 [1][4] - Zeng Guofu oversees three funds with a total scale of 469 million yuan, where the Xin'ao Industry Preferred One-Year Holding Mixed A and C have returns of -50.01% and -51.27% respectively since March 2022 [1][6] Group 2: Fund Performance Data - The performance data for Zou Yun's funds shows that Xin'ao Hongli Return Mixed has a return of 21.19% since May 2019, while the other three funds have significantly lower returns, with the worst being -52.97% [2][3] - Zeng Guofu's funds include Xin'ao Small and Medium Cap Mixed with a return of 29.57% since April 2019, while the other two funds have negative returns, with the worst being -51.27% [5][6] Group 3: Fund Holdings - As of the first quarter, Xin'ao Zhicheng Selected Mixed A's top ten holdings include major consumer companies such as Qingdao Beer and Kweichow Moutai [4] - Xin'ao Industry Preferred One-Year Holding Mixed A and C have reduced their positions in the metals and internet sectors while increasing their stakes in consumer industries [6]