Fund Performance and Investor Interest - The "Fuguo CSI Chengtong State-Owned Enterprise Digital Economy ETF" attracted significant investor interest, raising 534 million yuan with 3,252 valid subscriptions in just 5 days [2] - In contrast, the "Fuguo SSE Sci-Tech Innovation Board 50 Component ETF" raised only 316 million yuan with 1,976 subscriptions over a 10-day period, which is 59.17% of the amount raised by the former [2] Fund Manager Performance - The fund manager for the "Fuguo SSE Sci-Tech Innovation Board 50 Component ETF," Jin Zeyu, has underperformed the CSI 300 index since 2024, with 2.82 years of experience managing 18 funds totaling 17.6 billion yuan [3] - Conversely, Su Huaqing, managing the more successful "Fuguo CSI Chengtong State-Owned Enterprise Digital Economy ETF," has a better performance record, having outperformed the CSI 300 index since his tenure began in June 2022 [6] Fund Management Issues - Jin Zeyu's previous fund, "Fuguo SSE Sci-Tech Innovation Board 50 Component Index A," saw its assets shrink from 310 million yuan to 162 million yuan within three months, with a cumulative return of -8.38% compared to a benchmark return of 2.74% [8] - The significant tracking error of over 10% in a short period raises concerns about the management quality, yet no actions have been taken against Jin Zeyu by Fuguo Fund [11] Strategic Shift in Fund Issuance - Fuguo Fund has shifted its focus towards passive index funds, issuing 24 new funds this year, with 15 being passive index funds [11] - Most of the fund managers for these new passive index funds have less than three years of experience, indicating a strategy of employing younger managers [12] Overall Assessment of Fund Management - The reliance on inexperienced fund managers, particularly in light of recent performance issues, raises questions about the responsibility and capability of Fuguo Fund as a leading public fund manager [13]