gauntletii| There is a 5-year holding period. Product fund managers leave office less than one year after management

Every reporter Huang Xiaocong every editor Xiao Ruidong

RecentlyGauntletiiDacheng fund's Dacheng Yixi active pension goal for five years and other funds issued a collective announcement that Wu Han left his post as fund manager for personal reasons.

A reporter from the Daily Business News noted that Dacheng's active pension goal of five years was established in June 2023.

According to the rules for the Registration of Investment managers in Securities and Futures institutions issued in November 2023, fund managers need to promise not to leave voluntarily within one year during the raising period, the closed period and the management of public fund products.

The departure is questioned by investors.

On May 17, Dacheng Fund issued four fund manager change announcements, involving Dacheng Yixi active pension goal five-year holding hybrid (FOF), Dacheng enjoying steady pension goal one-year holding hybrid (FOF), Dacheng pension 2040 three-year holding hybrid (FOF), Dacheng Fenghua steady six-month holding hybrid initiation (FOF) these four products.

The main changes came from the departure of fund manager Wu Han. Among these four products, Dacheng's goal of enjoying a healthy pension is initially managed by Wu Han alone, and co-managed by Wu Han and Chen Zhiwei since August 4, 2023. The departure of Wu Han is equivalent to being managed by Chen Zhiwei alone. The other three funds were all recruited as fund managers by Chen Zhiwei on March 14, 2024, all of which were managed separately by Wu Han. After Wu Han left office, he was also managed by Chen Zhiwei alone.

It is worth noting that among these products, Dacheng pension 2040 three-year mix is a three-year holding period product, Dacheng Yixi active pension goal five-year mix is a five-year holding period product. Among them, Wu Han was hired as a three-year mixed fund manager for Dacheng's pension of 2040 on February 13, 2023 and was in charge of it for only more than a year when he left office. Dacheng Yixi active pension goal five-year hybrid was established on June 29, 2023, equivalent to less than a year after its establishment, the fund manager left office.

For a fund with a holding period of up to five years, the fund manager leaves office after less than a year, which makes investors wonder whether the fund company has considered thoroughly the layout of the products and the position of the fund manager.

There are also a number of fund change managers.

In November 2023, the China Foundation Association issued the rules for the Registration of Investment managers of Securities and Futures operating institutions. Article 17 states that the application for the registration of a fund manager and the proposed appointment of a fund manager shall make a commitment to the truthfulness and reliability of the application materials and the compliance operation in the fund investment business activities. The sixth point of the commitment is: "No special circumstances will not take the initiative to leave within one year of the public offering fund product raising period, the closed period (except the public offering infrastructure securities investment fund) and the management of public offering fund products." In addition, Article 26 also clearly points out that the fund manager shall not apply for the reduction of changes if he has managed the existing public offering fund products for less than one year.

If a change is required under special circumstances, the company may apply to the association and submit a statement of the reasons for the change made by the company and the fund manager as well as the materials listed in the rules. Some people in the fund industry told reporters: "if the fund manager decides to go, in fact, there is nothing the fund company can do."

In addition to Dacheng Fund, these products have changed fund managers, and recently a number of pension target funds have also changed fund managers.

Also on May 17, AgBank Huili Fund issued an announcement that Zhou Yongguan left his post as the fund manager of AgBank pension 2045 five-year holding mixed (FOF), Agricultural Bank of China pension 2035 mixed, and Agricultural Bank of China Huili Xinxiang steady Pension goal one-year mixed (FOF). However, in February 2024, the Agricultural Bank of China Huili Fund issued a notice saying that Zhou Yongguan was temporarily out of work due to health reasons and could not perform his duties normally, and the relevant fund responsibilities were left to him.GauntletiiHis fund manager performs it on his behalf.

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