Public FOF funds once again attract investor interest, with 34 new products launched in the market.

Since the beginning of this year, the public offering FOF issuance market has been active. Data shows that by March 10, the total number of newly issued FOF products in the market reached 34, with a total fundraising amount of 48.03 billion yuan, representing year-on-year increases of 183.33% and 257.55%, respectively. The growth rate far exceeds the average level of public funds during the same period.

The popularity of the FOF market continues, driven by the resonance of short-term fluctuations and long-term trends. In the short term, factors such as geopolitical conflicts have intensified fluctuations in global commodity prices, significantly increasing overall uncertainty in capital markets, and investors’ concerns about risks in single assets have intensified.

The longer-term structural background lies in the fact that, as the asset management industry breaks the “guaranteed return” model and the risk-free return trend in the market declines, the one-year fixed deposit benchmark interest rate has fallen from 1.5% in 2020 to 1.25% at the end of 2025. In this environment, residents’ asset allocation needs are undergoing profound changes, shifting from pursuing absolute high returns or capital preservation in the past to seeking solutions that can smooth volatility and achieve steady returns through professional allocation.

In this transition, “Fixed Income+” products, with their characteristics of “steady foundation and enhanced returns,” precisely meet the core needs of the current market. Multi-asset “Fixed Income+” FOF further deepens this concept; compared to single assets, FOF portfolios, through multi-asset allocation, enhance flexibility and risk management capabilities, striving to achieve steady returns amid market fluctuations. This advantage is a key reason for the rapid increase in FOF issuance scale.