公募市场再迎ETF-FOF新品，年内多家机构排队上报

Core Viewpoint - The launch of the new ETF-FOF product by China Europe Fund marks a significant development in the ETF market, which has seen rapid growth and is expected to continue evolving with more innovative products in response to diverse investor needs [1][5][8] Group 1: Product Details - The China Europe Fund's ETF-FOF product, named "China Europe Active Multi-Asset Allocation 3-Month Holding Mixed Fund," was officially launched on May 13, with a subscription period ending on May 30, 2025, and a minimum fundraising target of 200 million shares [3] - The product aims to invest over 80% of its assets in publicly offered funds approved by the China Securities Regulatory Commission, with at least 80% of non-cash fund assets allocated to ETFs [3][4] - ETF-FOF serves as an innovative asset allocation tool, primarily investing in various types of ETFs to achieve diversified exposure across assets, industries, and regions [3][6] Group 2: Market Context - The ETF market has experienced rapid growth, surpassing 4 trillion yuan in scale, with multiple FOFs heavily investing in ETFs [1][8] - As of the first quarter of 2025, the top three holdings in public FOFs were all ETFs, indicating a strong preference for ETF investments among fund managers [8] - The emergence of ETF-FOF products is attributed to the maturity of the ETF market, which now includes a wide range of products across different risk levels [5][6] Group 3: Investor Suitability - The ETF-FOF product is particularly suitable for long-term investors who are optimistic about equity markets and ETFs but face challenges in selecting individual funds [4][5] - It is also designed for mature investors seeking low-threshold, clear, and diversified asset allocation [4] - The product aims to address common investor difficulties such as selection, operation, and profitability in ETF investments [3][4]