Core Viewpoint - The article discusses the significant net redemptions faced by Yang Xinxin, a fund manager at ICBC Credit Suisse Fund, during the second quarter, highlighting investor dissatisfaction with his performance [2][3][5]. Fund Performance - Yang Xinxin managed two funds that experienced substantial net redemptions: the ICBC Innovation Power Stock Fund with a net redemption of 1.563 billion shares and the ICBC Credit Suisse Select Balanced Mixed Fund with a net redemption of 561 million shares, totaling 2.124 billion shares in net redemptions for the quarter [2][3]. - The ICBC Innovation Power Stock Fund had a net value growth rate of -0.53% in Q2, significantly underperforming its benchmark return of 1.36%, resulting in a loss of 58.37 million yuan [3]. - The ICBC Credit Suisse Select Balanced Mixed Fund also underperformed, with a net value growth rate of 0.99% compared to its benchmark return of 1.52%, leading to a reduction in total shares from 3.236 billion to 2.675 billion [3]. Manager Background - Yang Xinxin is a five-star fund manager with over 11 years of experience, currently managing assets worth 4.538 billion yuan across two funds [5]. - Despite his extensive experience, Yang's recent performance has been disappointing, with the ICBC Innovation Power Stock Fund ranking 744th out of 958 comparable funds over the past year, and the ICBC Credit Suisse Select Balanced Mixed Fund ranking 3668th out of 4345 [5][6]. Investor Sentiment - The average return for 1770 equity fund managers this year was 12.65%, while Yang's return was only 4.69%, which is below the 4.89% increase of the CSI 300 Index [6]. - Institutional ownership in the ICBC Innovation Power Stock Fund decreased from 67.19% to 62.21% over the year, indicating a loss of confidence among institutional investors [6].