(Bloomberg) -- Invesco Great Wall Fund Management Co. is bringing in co-managers for three of star manager Liu Yanchun’s funds, a significant change for the 26.55 billion-yuan ($3.7 billion) portfolio manager after a period of performance challenges. The move, announced May 9, is viewed by the firm as a way to enrich the investment process with more diverse viewpoints.
"This adjustment allows for a richer dialogue on investment strategy and brings new perspectives to the management of these key funds," an Invesco Great Wall spokesperson said. The firm emphasized that Liu will remain a central figure in the funds' management.
Effective May 9, Ke Haidong will become co-manager of the Invesco Great Wall Dingyi Mixed Fund, which Liu has managed for over a decade. Xu Yida will co-manage the Invesco Great Wall Domestic Demand Growth Mixed Fund and the Invesco Great Wall Domestic Demand Growth No. 2 Mixed Fund, both managed by Liu for over eight years. Liu’s total assets under management had shrunk to 26.55 billion yuan by the end of the first quarter of 2026.
The appointments signal a new "dual fund manager" era for these established funds, potentially altering their investment style and performance trajectory. While Liu’s long-term track record boasts significant returns, recent performance has struggled, prompting the firm to introduce new management talent to the team.
New Managers Bring Diverse Expertise
The two new co-managers bring varied backgrounds to Invesco Great Wall. Ke Haidong, who joined the firm in September 2025, has a history as a food and beverage analyst at CICC and Guotai Junan Securities. He previously managed several funds at Foresea Open Source Fund and Guolian Fund, with a focus on the consumer and healthcare sectors.
Xu Yida joined Invesco Great Wall in October 2025. His experience includes roles at Shengying Capital and Soochow Fund, and he has managed a wide array of funds at Xiangcai Fund, covering themes from innovative growth and healthcare to cyclical and new energy strategies. His broad expertise may introduce new dynamics to the domestic demand-focused funds.
Liu Retains Sole Management of 3 Funds
Despite the new co-management structure for three of his funds, Liu Yanchun will continue to independently manage three other products. These include the Invesco Great Wall Emerging Growth Mixed Fund, his largest and longest-managed fund, as well as the Invesco Great Wall Jiyou Growth Mixed Fund and the Invesco Great Wall Jiying Two-Year Fixed Open Mixed Fund.
The change in management structure for some of Liu's most prominent funds marks a pivotal moment for Invesco Great Wall. Investors will be closely watching to see how the collaboration between the new co-managers and the veteran fund manager will shape the future performance of the funds. The move highlights a broader trend among asset managers to diversify leadership and investment input on key products.
This article is for informational purposes only and does not constitute investment advice.
