Zhang Kuntian gets a "new assistant," E Fund Blue Chip adds fund manager in late-night announcement.
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The products of another well-known fund manager have begun to implement a "team-based" management model.
Late at night on May 22, E Fund Management announced that He Yicheng and Yang Siliang have been appointed as additional fund managers for the E Fund Blue Chip Selected Fund, jointly managing the fund with Zhang Kun.
As of the end of the first quarter of 2026, E Fund Blue Chip holds the top spot in individual active equity fund size, with nearly 26.793 billion yuan under management. After this adjustment, Zhang Kun remains the fund manager with the largest active equity fund management scale within the circle.
Some believe that bringing in fund managers with different expertise to jointly manage the fund helps the team leverage their multi-perspective complementary advantages, thus optimizing investors’ investment experience.
Zhang Kun Still Has Independently Managed Products
After this change in E Fund Blue Chip Selected’s fund managers, Zhang Kun is still involved in the management of five funds.
Among these, he solely manages E Fund Quality Select (QDII), E Fund Quality Enterprises Three-Year, and E Fund Asia Select. He co-manages E Fund Blue Chip and E Fund New Silk Road with the team.
According to Tiantian Fund data, the portfolios under his management currently have a total scale of over 41.6 billion yuan. However, 29.3 billion of these public funds are now managed under the team-based system.
Who Was Added?
Possibly to further enhance investment capabilities, the fund managers E Fund appointed for Blue Chip Selected each have their own distinct styles, but all have produced outstanding industry performance in recent years.
Among them, He Yicheng previously served as an assistant analyst at Shenyin & Wanguo Securities Research Institute, specializing for a long time in the TMT sector, favoring a technology growth style. He joined E Fund in August 2019 and has served as a fund manager since August 2024. The actively managed equity funds he currently oversees include the E Fund Growth Drive Fund and E Fund New Normal Flexible Allocation Fund, the latter achieving over 260% return in the past year.
Yang Siliang, on the other hand, is a fund manager headhunted by E Fund from Baoying Fund. After joining E Fund in September 2025, by March 2026 he took over management of the E Fund Long-Term Value Fund. He has a deep background in the consumer and value-investing space and is skilled at finding quality investment opportunities in long cycles.
Team Model and Performance Turning Points
Recently, there is an evident industry shift back toward team-based management. Not long ago, products headed by Liu Yanchun, who manages larger funds, just announced the addition of new fund managers. Now Zhang Kun is also adding managers, reflecting the importance managers place on the team model.
The so-called team model is distinct from the individual responsibility model of fund manager arrangement. The former usually sees the company appoint several fund managers to jointly manage a product, while the latter depends on a single fund manager handling investment decisions alone.
During the 6,000-point bull market back in the day, in the face of unprecedented fund sizes, the industry embraced the trend of team-based management for ultra-large funds. The revival of this trend now focuses on enhancing the performance of the large-scale funds amassed during the concentrated fundraising of 2021.
From this perspective, the future performance of such products is worth close observation.
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