Multiple public sale institutions are exploring FOF combination strategies to address issues by reporting ETF-FOF products. The advantages of ETF-FOF products over traditional products lie in their high capital utilization efficiency, low fees, and the characteristic of "T+1" disclosure of valuation. However, in response to market complexity, it is necessary to enhance the macroeconomic research, market analysis, and asset allocation capabilities of the investment research team; combining "quantitative + qualitative" approaches may help achieve scientific asset allocation.

Golden Ten Data on April 17, according to Choice data, a total of 15 funds were announced today (Class A/C is calculated separately), including 8 equity funds, 3 bond funds, 2 hybrid funds, and 2 FOF.

Several public sale funds have purchased their own funds, with a total purchase scale of nearly 4 billion yuan, distributed among 74 fund companies, of which 12 have a purchase scale of over 100 million yuan. Market analysis points out that self-purchasing reflects the company's investment confidence, but self-purchased funds do not necessarily guarantee profits.

The pension FOF is facing multiple challenges such as small scale, poor performance, and liquidation risks. Industry institutions are starting from both products and services to enhance investor recognition and investment education activities, and accelerate the integration of pensions and investment advisory services.

Recently, the issuance of FOF has once again seen a "small hit", with factors such as market recovery contributing to this phenomenon. In the first quarter, the number of newly issued FOFs increased by 166.67% month-on-month, while the fundraising scale surged by 1346.12% month-on-month. There are operational flaws in the personal pension business, such as "unable to retrieve retirement personnel information and unable to withdraw pension funds", exposing issues in information systems and other aspects that require relevant institutions to improve data interaction quality.

Jinse Finance reported that Decentralization infrastructure PinGo Lab announced the completion of its seed round financing, with participation from CGV FOF, K24 Fund, Catcher VC, Landscape Capital, etc. The specific amount has not been disclosed yet. The new funds are intended to accelerate the development of its DePIN network in the TON ecosystem. It is reported that PinGo will also enter the field of Artificial Intelligence Generated Content (AIGC).

On March 12, Jinshi Data reported that since the beginning of this year, the overall performance of FOF funds has significantly rebounded, becoming a major highlight in the recent fund market. Data shows that as of March 7, the average return of FOF funds in the entire market reached 2.24%, compared to turning positive from negative in the fourth quarter of last year. Among them, stock FOFs with more equity asset allocations performed particularly well, with an average return of nearly 5%.

Jinshi data, January 15 news, representatives of multi-asset allocation FOF funds are still being continuously deployed by companies, but their focus has turned to bond funds. Golden Eagle Fund announced today that its Golden Eagle Stable Profit Allocation, which holds bonds for three months, has officially established an FOF, becoming the first FOF product to be established in 2025. Despite being an initiative product, the fund raised a scale of 824 million yuan in 14 trading days, reflecting investors' preference for bond products.

Recently, several private placement FOF managers are being investigated for illegal margin financing. The regulatory authorities are stepping up efforts to guide the private placement industry to eliminate risks and return to its core business. In the wild growth of the private placement industry, problems such as margin financing and prevalent channel businesses exist. In the future, 'gray operations' will be accelerated to be eliminated, and solid investment research capabilities are the survival path for private placements.

On June 18, Jiashi Fund announced that if the net asset value of Jiashi Retirement Target Date 2045 5-year Holding Period FOF is less than 200 million yuan by the end of June 25, 2024, it will trigger the termination of the fund contract. It was found that Jiashi Retirement Target Date 2045 5-year Holding Period Hybrid (FOF) may become the 5th retirement FOF fund to exit the market this year. Since 2024, 4 retirement FOF funds have been liquidated due to insufficient scale.

On December 13, Golden Ten Data News, recently, some netizens found that Huabao Fund is promoting its issuance of a fund product, Huabao Overseas Technology Stock (QDII-FOF-LOF) C, on Alipay, promoting 'riding the pump market of Cryptocurrency', 'representing disruptive innovative technology: Cryptocurrency'. According to the third quarter report of Huabao Overseas Technology C, five of the top ten funds with the highest proportion of fair value at the end of the reporting period are Ark Investments under Cathy Wood, also known as 'Wood Sister'.

The personal pension system has performed well in the past two years, with 106 funds achieving positive returns and 183 funds achieving positive returns so far this year; as of September 2024, the total scale of the pension FOF-Y share reached 7.344 billion, a rise of 42% compared to the same period last year; the number of personal pension holders reached 1.0305 million households, a rise of 24% compared to the same period last year.

Zhejiang Securities Regulatory Bureau has initiated a self-inspection of private sale, covering 20% of private sale, with a focus on bond transactions, requiring in-depth information on finance, products, and investors, and paying special attention to the nesting of products. This self-inspection is aimed at strengthening the regulation of private sale and preventing risks.

On October 26th, Jinshi Data reported that with the disclosure of the third quarter reports of funds in 2024, the latest Heavy Position fund situation of public sale FOF has emerged. From the disclosure of the third quarter reports, bond funds are still the "main force" of FOF Heavy Position, accounting for more than half. According to Holdings Market Cap, the top 5 funds favored by FOF in the third quarter are CCB Yulong Pure Bond A, CCB Pure Bond AB, Haifutong CSI Short-Term Bond ETF, Orient Red Short-Term Debt A, and Huaxia Hang Seng ETF.

Odaily Planet Daily News Decentralization infrastructure PinGo Lab announced the completion of seed round financing, CGV FOF, K24 Fund, Catcher VC and Landscape Capital

Jinshi Data News on September 2nd, since August, both the stock and bond markets have experienced a pullback, and the magnitude is relatively deep, which is even worse for the underperforming public sale FOF. From the end-of-month statistics of the yield situation, only 6 FOF products in the entire market have positive monthly returns (based on initial shares), and bond-type and stock-type FOFs have all reported losses.

The China Securities Regulatory Commission has approved the exchange to raise the margin ratio for short selling to 100%, and the margin ratio for private sale securities investment funds to participate in short selling has also been raised to 120%. Existing stock lending contracts can be extended, but must be settled no later than September 30. This move will have a significant impact on quantitative long-short strategies for stocks, significantly reducing the supply of securities in the market, and increasing the cost for private sale institutions to participate in short selling business.

On July 8th, Jin10 News learned that to protect the interests of fund shareholders, the Nuoan Fund announced that Nuoan Global Gold (QDII-FOF) will suspend subscription and regular investment services from July 8th, 2024. During the suspension period, other businesses such as redemption of the fund will still be processed as usual.

According to Tianxiang Investment Consulting's data, in the first half of 2024, public sale funds achieved investment income of 45.163 billion yuan, with bond funds and currency funds earning more than 300 billion yuan in investment income. Equity funds performed poorly overall, with stock funds and hybrid funds losing more than 300 billion yuan in total. QDII products performed well. Among them, bond funds earned 195.343 billion yuan in profit, currency funds earned 121.349 billion yuan in profit, QDII products earned 22.548 billion yuan in profit as a whole, commodity funds earned 7.746 billion yuan in profit, and FOF products suffered a slight loss of 1.566 billion yuan.

Since the beginning of this year, a total of 2,248 funds have implemented Dividend, with a total amount of Dividend of 110.363 billion yuan. Bond funds have the highest Dividend, reaching 94.926 billion yuan, accounting for more than 80%, and many products have a high Dividend frequency. The Dividend amounts of equity funds, REITs, and hybrid funds were 7.273 billion yuan, 4.843 billion yuan, and 3.103 billion yuan, respectively, and the annual Dividend amount of QDII funds was 102 million yuan. The total Dividend amount of alternative investment funds and FOF funds is less than 100 million yuan.

In the first half of the year, the number of newly filed private equity investment funds exceeded 3,000, with stock strategy products accounting for more than 60%. Despite the sluggish fund issuance market, the number of new private equity products recorded in the second quarter has rebounded. Individual investors are hesitant, while institutional investors are eager to catch the bottom, and some trust institutions will issue FOF products to focus on equity-focused private equity funds. Private fund managers have issued related products that match the risk preferences of institutional investors.