# mutual funds
Latest news and articles about mutual funds
Total: 3 articles found
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.
Once a 'Xinhua' Star, Cui Jianbo Falls Silent as Fangzheng Fubon’s Equity Push Stalls
Fangzheng Fubon announced on 25 February that veteran manager Cui Jianbo had relinquished responsibility for a 12‑month holding mixed fund, highlighting a disappointing five‑year tenure during which his flagship fund returned roughly 0.5%. The episode exposes Fangzheng Fubon’s structural bias toward fixed‑income and money‑market products, misaligned resource allocation among equity managers, and broader challenges facing active equity managers in China.
How a Star Manager and Strategic Drift Turned a Promising China Fund into a Cautionary Tale
A Huaxia Fund product launched in late 2020 with a tech-and-consumption strategy has underperformed severely, suffering near-50% cumulative losses and a nearly 70% drawdown amid manager turnover and strategy drift. Successive managers failed to restore performance in time to capture the 2024–25 AI-led market recovery, exposing governance and succession weaknesses within the asset manager. The episode highlights systemic risks in China’s mutual fund industry: overreliance on star managers, misalignment between rhetoric and trading, and the reputational danger of poor product governance.