Group 1 - The announcement of the temporary leave of fund manager Fang Yubing and the return of former manager Luo Wenbo to manage the "Agricultural Bank of China Huiri Jin Sui Preferred 6-Month Holding Period Mixed (FOF)" fund has drawn market attention, highlighting concerns about the fund's management stability [1][3] - Luo Wenbo previously managed the fund but left due to "business adjustments" after recording a loss of 1.09% during his tenure, raising questions about his ability to effectively manage the fund again [3][5] - The fund's performance has been poor, with another FOF product managed by Luo, "Agricultural Bank of China Anrui One-Year Holding (FOF)," showing a total return of -21.92%, ranking second to last among 48 similar funds [3][5] Group 2 - The fund's assets have significantly decreased from 268 million yuan at the end of 2021 to 92 million yuan by the end of 2024, a decline of 65.67%, and further down to 86 million yuan by the second quarter of 2025, a 6.5% decrease from the previous year [4] - The ongoing decline in fund size reflects investor dissatisfaction with performance, leading to concerns about Luo Wenbo's capability as a "firefighter" in this context [5][6] - The overall FOF business of Agricultural Bank of China Huiri Fund is struggling, mirroring the broader challenges faced by the company, which has seen its total management scale drop from a peak of 267.98 billion yuan in June 2021 to 163.16 billion yuan by the third quarter of 2023 [7][8] Group 3 - Other FOF products managed by Zhang Mengke have also underperformed, with most showing negative annualized returns, except for one product that achieved positive returns [6][7] - The overall decline in Agricultural Bank of China Huiri Fund's scale contrasts sharply with other bank-affiliated funds, which have seen significant growth, highlighting the company's current struggles in the competitive landscape [7][8]