TREE NEWS update: E Fund announced that star manager Zhang Kun has stepped down as co-manager of the E Fund Quality Enterprise Three-Year Holding Mixed Fund, which will now be run solely by Zhang Qi. It is the first jointly managed fund Zhang Kun has given up and his smallest product, with a six-year return of -26.93% and assets shrinking to 1.5 billion yuan from 7.9 billion yuan. Zhang Kun’s total AUM has fallen to 30.8 billion yuan.
Zhang Kun Steps Down From E Fund Fund; AUM Falls to 30.8B Yuan
AI take
The significance here is less the exit itself than the shrinkage it formalizes: a six-year loss and a fund whose assets fell sharply suggest redemption pressure, not just a manager reshuffling duties. Zhang Kun's reduced total AUM points to a broader retreat of star-manager branding in Chinese active equity, where scale followed reputation rather than results. The open question is whether E Fund's remaining lineup stabilizes or whether further handovers follow.
Generated by AI for reference only.
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