"Double-base" Yang Zongchang has announced a purchase limit of 500,000 yuan for the two funds he manages.
The latest announcement from E Fund shows that Yang Zongchang has suspended large purchases of over 500,000 yuan for Class A and Class C fund shares of E Fund Supply-side Reform and E Fund Industrial Opportunities starting from August 10. Previously, with the adjustment of the market in July, these two funds became the only ones in the market to double their returns by the end of July. Since August, both funds have continued to perform impressively, with E Fund Supply-side Reform recording a latest year-to-date return of 129.07%, leading the market; followed closely by E Fund Industrial Opportunities, which has a latest year-to-date return of 124.85%.
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