Zhong Ou Health-Care Fund Falls Out of Alipay Top 10 After Ranking No. 1

A health-care mutual fund run by a star manager dropped out of Alipay’s weekly top-10 list after ranking first the previous week, raising questions about the list’s selection criteria.

Manager Ge Lan’s Zhong Ou Medical and Health Hybrid Fund A wasn’t on this week’s list at Ant Group Co. Ltd.’s Alipay, the largest third-party mutual fund selling channel in China. The fund was the top seller last week with more than 300,000 new investors. No other fund managed by Ge was on this week’s list.