中国经济网北京12月19日讯 近日，华夏时报发布《宝盈基金"科技悍将"张天闻清仓式卸任，科技赛 道"押注式投资"引争议》一文。文中称，2025年12月15日，宝盈基金公告，基金经理张天闻同时离任其管理 的四只基金——宝盈智慧生活混合、宝盈半导体产业混合发起式、宝盈基础产业混合与宝盈人工智能股票。 文章还称，从业绩表现看，张天闻管理的基金普遍取得较高的正回报。其中，宝盈半导体产业混合发起 式A在其任职期间回报高达93.18%，同类C份额亦达到90.24%；宝盈基础产业混合A回报为85.51%，C份额达 到82.70%。此外，他在人工智能与智慧生活主题基金中也表现突出，如宝盈人工智能股票A任职回报达 75.79%，宝盈人工智能股票C任职回报达72.07%；宝盈智慧生活混合A任职回报为51.30%，宝盈智慧生活混 合C任职回报为49.67%。 但业内一种尖锐的质疑也指出张天闻管理的产品疑似"风格漂移"与"押注式投资"。其管理的四只基金名 称虽涵盖"智慧生活""基础产业""人工智能"和"半导体"，但投资范围高度重叠于TMT及硬科技赛道。这种高 度集中的持仓策略，本质上放大了单一赛道风险。 根据中国经济网记者了解，张天 ...

Core Viewpoint - The sudden resignation of fund manager Zhang Tianwen from four funds at Baoying Fund has raised concerns in the industry, especially given his previous success in managing funds focused on technology sectors [2][3]. Group 1: Fund Manager's Performance - Zhang Tianwen managed funds that achieved significant returns, with the Baoying Semiconductor Industry Mixed Fund A (017075) returning 93.18% and the Baoying Basic Industry Mixed Fund A (010383) returning 85.51% during his tenure [3]. - Other funds under his management, such as Baoying Artificial Intelligence Stock A (005962) and Baoying Smart Life Mixed A (011170), also showed strong performance, with returns of 75.79% and 51.30% respectively [3]. Group 2: Concerns Over Investment Strategy - There are concerns regarding a potential "style drift" and "betting-style investment" in Zhang's managed funds, as they heavily overlap in the TMT (Technology, Media, Telecommunications) and hard technology sectors [5][6]. - The concentrated holding strategy in these funds amplifies risks associated with a single sector, making performance highly dependent on market trends rather than the fund manager's active management skills [6]. Group 3: Company Response - Baoying Fund stated that each fund managed by Zhang Tianwen adhered to its specific investment logic and strategy, emphasizing that the funds are not merely overlapping but have distinct focuses within the technology sector [7].

中国经济网北京12月15日讯近日，宝盈基金公告，张天闻离任宝盈智慧生活混合、宝盈半导体产业混合 发起式、宝盈基础产业混合、宝盈人工智能股票。 张天闻曾在海通证券、国泰君安证券担任电子(半导体)行业研究员，2021年3月加入宝盈基金管理有限 公司，担任行业研究员，2022年12月起担任基金经理。 宝盈智慧生活混合A/C成立于2021年4月20日，截至2025年12月12日，其今年来收益率为39.97%、 39.44%，成立来收益率为38.36%、35.80%，累计净值为1.3836元、1.3580元。 宝盈半导体产业混合发起式A/C成立于2022年12月5日，截至2025年12月12日，其今年来收益率为 46.12%、45.41%，成立来收益率为93.18%、90.24%，累计净值为1.9318元、1.9024元。 | 基金名称 | 宝盈智慧生活混合型证券投资基金 | | --- | --- | | 基金简称 | 宝盈智慧生活混合 | | 基金主代码 | 011170 | | 基金管理人名称 | 宝盈基金管理有限公司 | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》 | | 基金经理变更类型 | ...

Core Points - The announcement from Baoying Fund regarding the appointment of Zhao Guojin as a new fund manager for Baoying Smart Life Mixed Fund highlights the company's strategic move to enhance its management team [1][2] - Zhao Guojin has a diverse background in software development and securities analysis, which adds valuable expertise to the fund management [1] - The Baoying Smart Life Mixed Fund has shown strong performance, with year-to-date returns of 39.12% and 38.67%, and since inception returns of 37.52% and 35.05% as of October 24, 2025 [1] Fund Information - The fund is officially named Baoying Smart Life Mixed Securities Investment Fund, with the main code 011170, managed by Baoying Fund Management Co., Ltd [2] - The change in fund management is classified as an appointment of a new fund manager, with Zhao Guojin joining Zhang Tianwen in managing the fund [2]

Core Insights - The announcement highlights the appointment of Zhao Guojin as the new fund manager for the Baoying Smart Life Mixed Fund (011170), effective from October 25, 2025 [1] - As of October 24, 2025, the net value of the Baoying Smart Life Mixed Fund was 1.3752, reflecting a daily increase of 3.77% and a yearly increase of 39.86% [1] Fund Management Background - Zhao Guojin holds a master's degree in actuarial science from Nankai University and has a diverse background in software development and securities analysis [1] - His previous roles include positions at Tianjin Lingjie Technology Co., Ltd., GF Securities Co., Ltd., and China International Capital Corporation [1] - Zhao has been with Baoying Fund Management since December 2015, serving in various capacities including research analyst and assistant fund manager [1] Fund Performance Overview - Zhao Guojin has managed several public funds, with varying performance metrics: - Baoying Core Advantage Mixed C: 0.14 billion, -48.99% return [2] - Baoying Technology 30 Mixed: 10.44 billion, -2.57% return [2] - Baoying Internet Hong Kong-Shenzhen Mixed: 3.14 billion, 19.69% return [2] - Baoying Basic Industry Mixed A: 2.54 billion, -32.80% return [2] - Baoying Resource Selection Mixed: 8.32 billion, -7.06% return [2] - Notably, the Baoying Internet Hong Kong-Shenzhen Mixed Fund achieved a significant estimated return of 102.92% on a stock called Xinyi Technology, after holding it for over a year [2]