# fund manager turnover

Internet Broker’s Flagship Fund Crashes: Eastmoney’s Value Strategy Sputters as Bond Bets Dominate Growth

Eastmoney Fund’s initiated equity fund has lost nearly 20% in early 2026 and nearly 30% since inception, underscoring weak equity investment capabilities. The firm’s rapid asset growth has been driven by concentrated bond funds, leaving its active equity arm underscaled, underperforming and exposed to governance and concentration risks.