Invesco Great Wall star fund manager Liu Yanchun steps down as VP to focus on investing
Liu Yanchun, a veteran equity fund manager at Invesco Great Wall Fund Management, stepped down as Deputy General Manager on September 18, 2024, to concentrate on investment management. He managed six funds totaling RMB 24.049 billion as of June 30, 2024. The move reflects a broader industry trend of top Chinese fund managers relinquishing executive roles to prioritize portfolio performance amid market pressures.
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Invesco Great Wall Fund Manager Liu Yanchun Steps Down as Deputy General Manager
On September 19, Invesco Great Wall Fund Management Co., Ltd. announced that Liu Yanchun stepped down as Deputy General Manager on September 18 due to work adjustments, and will now focus exclusively on investment management. Liu Yanchun, who has 23 years of industry experience and managed RMB 24.049 billion in assets across six funds as of June 30, was promoted to the executive role in 2021 during a period when fund companies used such promotions to retain star talent. Industry insiders cited in the report note that stepping down from administrative roles allows fund managers to devote more energy to fund management and investment research, reflecting a broader trend in the public fund industry toward 'de-starring' and strengthening investor-return orientation. The article attributes this shift to multiple factors: investment and management are distinct tracks requiring significant effort, and regulatory and industry self-discipline orientations are pushing companies to prioritize returns and allocate resources toward investment research and actual investor gains.
Read sourceInvesco Great Wall Fund Manager Liu Yanchun Steps Down as Deputy General Manager
On September 19, Invesco Great Wall Fund Management announced that Liu Yanchun stepped down as Deputy General Manager on September 18 due to work adjustments, and will now focus exclusively on investment management. Liu, who has 23 years of industry experience and managed RMB 24.049 billion across six funds as of June 30, was promoted to the executive role in 2021 after his assets once exceeded RMB 100 billion during the 2020-2021 bull market. The article notes a broader industry shift where star fund managers like Zhang Kun, Xiao Nan, Zhang Qinghua, and Feng Mingyuan have also relinquished executive positions to return to investment. Industry insiders attribute this trend to fund companies prioritizing investor returns and allowing managers to focus on investment research, reflecting a move toward 'de-starring' and aligning with regulatory and self-discipline orientations.
Read sourceInvesco Great Wall Fund Deputy GM Liu Yanchun Steps Down to Focus on Investment
On September 19, Invesco Great Wall Fund Management announced that Liu Yanchun stepped down as Deputy General Manager on September 18 due to work adjustments, returning to focus exclusively on investment management. Liu, a 23-year industry veteran with over 17 years as a public fund manager, managed RMB 24.049 billion in assets across six funds as of June 30. His AUM once exceeded RMB 100 billion during the 2020-2021 bull market. Liu was promoted to Deputy GM in 2021, part of a trend where star fund managers received executive titles as retention incentives. However, industry insiders note a recent shift, with several prominent managers like Zhang Kun and Xiao Nan relinquishing administrative roles to concentrate on investment. This trend reflects the public fund industry's move toward 'de-starring' and prioritizing investor returns, as investment and management are seen as distinct tracks requiring full attention.
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Invesco Great Wall Star Manager Liu Yanchun Resigns as Deputy GM Amid Fund Losses
Liu Yanchun, a prominent fund manager at Invesco Great Wall Fund Management Co., stepped down as Deputy General Manager on September 18, 2026, to focus on investment management duties. He managed six public funds with aggregate assets under management of RMB 24.049 billion as of Q2 2026, but all six funds posted year-to-date losses as of September 18, with returns ranging from -7.10% to -17.84%. The move reflects a broader industry trend of 'investment research track' executives returning to frontline investing amid dual pressures from management responsibilities and poor performance. Liu, who has 23 years of industry experience and briefly managed over RMB 100 billion in 2021, attributed the losses to China's weak economic recovery and narrow pricing margins for high-growth sectors like AI. He identified two types of opportunities worth watching: prosperous growth sectors including AI and energy transition, and dividend value stocks as hedging tools during market volatility.
Read sourceLiu Yanchun Steps Down as Deputy GM at Invesco Great Wall to Focus on Investing
Invesco Great Wall Fund announced that renowned equity fund manager Liu Yanchun will step down as Deputy General Manager effective September 18, due to internal work adjustments. He will continue serving as a fund manager, focusing on investment management. As of June 2024, Liu managed six funds with total AUM of RMB 24.049 billion. Liu, a 23-year industry veteran and iconic figure in China's active equity sector, joined Invesco Great Wall in 2015 and was promoted to Deputy General Manager in 2021, when his AUM briefly exceeded RMB 100 billion. His flagship products include Invesco Great Wall Dingyi and Invesco Great Wall Domestic Demand Growth. The article notes a broader industry trend of top fund managers stepping down from executive roles to concentrate on investing, citing examples such as Huang Hai, Qiao Liang, Feng Mingyuan, Zhang Kun, Xiao Nan, and Yang Gu. Liu has implemented a co-management model for several funds since May 2024. In his semi-annual reports, Liu noted that the AI industry is likely to remain prosperous, while non-AI sectors with attractive valuations may benefit from marginal improvements in domestic policy and overseas macro conditions.
Read sourceLiu Yanchun Steps Down as Invesco Great Wall VP to Focus on Fund Management
Liu Yanchun, a veteran star equity fund manager at Invesco Great Wall Fund Management, has stepped down as Vice President to refocus on frontline investment research and portfolio management, according to a company announcement approved by the board. Liu, with 23 years in the securities industry and over 17 years as a public fund manager, joined Invesco Great Wall in 2015 and was promoted to VP in 2021, when his AUM briefly exceeded 100 billion yuan. As of end-June 2024, he managed six funds totaling 24.049 billion yuan, with two managed independently and four jointly. Since May, he has implemented joint management models for flagship products like Invesco Great Wall Dingyi, adding co-managers to optimize structure. The article notes this move aligns with a broader industry trend since 2024, where top fund managers such as Huang Hai, Feng Mingyuan, and Zhang Kun have relinquished executive roles to concentrate on investing. In his semi-annual reports, Liu stated that the AI industry boom is likely to continue and that non-AI sectors with low valuations offer opportunities, particularly those sensitive to macro policy improvements. He also noted that technological revitalization will ultimately benefit all citizens and that the domestic economy will regain vitality as real estate stabilizes and policies boost demand.
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