Core Viewpoint - The article highlights the significant underperformance of the "Shenwan Lingxin Industry Selection" fund, which lagged its benchmark by 13.5 percentage points within two months of its launch, raising concerns within the industry [4][6]. Fund Performance - The "Shenwan Lingxin Industry Selection" fund, launched on June 3, saw its net value decline by 8.23% by August 8, while its benchmark rose by 5.27%, resulting in a 13.5 percentage point underperformance [6]. - The fund's rapid investment strategy led to high exposure in the new consumption sector, which was already at elevated valuations, causing a swift decline in net value [6]. Fund Manager's Strategy - Fund manager Jia Chengdong shifted strategies after initial losses, moving from a planned investment approach to chasing rising bank stocks, which subsequently faced a market correction, leading to further losses [6]. - Despite a 2% increase in the banking sector, the fund's net value fell by 1%, prompting speculation about the manager's strategy of chasing market trends [6]. Internal Operations - Jia Chengdong's internal presentation lasted only 16 minutes, where he discussed the fund's operations, notably the high purchase of Zhongchong shares based on hearsay rather than thorough research [7]. - Prior to joining Shenwan Lingxin, Jia managed approximately 8 billion yuan at China Merchants Fund, where he had better support and resources for investment decisions [8][9]. Company Strategy and Goals - Shenwan Lingxin Fund aimed to rapidly increase its equity asset scale, with Jia Chengdong likely pursuing market opportunities to attract capital inflows and meet company commitments [10].

如今加码新基发行，与其说是扩容产品线，不如说是公司对这位"转会选手"的一场"吸金能力"摸底考。 2025年5月16日，申万菱信基金管理有限公司（以下简称"申万菱信基金"）旗下两只新发基金产品开始 认购，包括申万菱信中证红利指数（A类：024252，C类：024253）和申万菱信行业精选（A类： 024023，C类：024024）。具体来看，前者由任职年限接近5年的王赟杰掌舵，后者则是原招商基金基 金经理贾成东履新后发行的首只基金产品。 王赟杰，博士研究生。2011年起从事金融相关工作，曾任职于海通期货、华鑫证券、海富通基金、中信 建投证券等。2020年3月，王赟杰加入申万菱信基金，现任职于指数投资部，担任申万菱信中证申万证 券、申万菱信中证内地新能源主题ETF等16只被动指数型基金的基金经理，"一拖多"（同时管理多只基 金）现象显著。 注：以上人物系申万菱信基金基金经理王赟杰 此次推出申万菱信中证红利指数，尽管迎合了市场对于红利投资赛道产品的火热需求以及填补了申万菱 信基金产品版图的空缺，但由于王赟杰管理的产品数量众多，如何在不同板块和标的间合理分配精力、 保障投研覆盖的深度与广度，成为了摆在其面前的一道难题 ...