公募FOF年内悄然回春：好产品如何做到“稳健”“绩优”两不误？| 基金投资力测评

Group 1 - Public Fund of Funds (FOF) has gained significant popularity among investors in 2025, with a market size increase of 26.7 billion yuan, representing over 20% growth compared to the end of the previous year [1] - A total of 21 new FOF products were launched in 2025, raising 23.04 billion yuan, which is more than a fourfold increase year-on-year, with an average fundraising of 1.097 billion yuan per product [1] - The growth in the FOF market is driven by multiple factors, including a favorable A-share market, resource allocation from distribution channels, and the expansion of personal pension fund listings [1] Group 2 - As of May 28, 2025, 421 out of 498 pension FOFs achieved positive returns, accounting for nearly 85%, with an average net value growth of 1.3% [2] - The top-performing pension FOF is the ICBC Credit Suisse Pension 2050, managed by Xu Xinyuan, which has delivered a 7% return year-to-date [2] Group 3 - Xu Xinyuan, a relatively young fund manager with 9 years of experience, has successfully managed several notable products, including the ICBC Pension 2050, showcasing effective investment strategies [3][4] - The ICBC Pension 2050 has balanced investments between A and H shares, with a focus on reducing exposure to high-performing sectors while increasing allocations to pharmaceuticals, non-bank financials, and real estate [4] Group 4 - The ICBC Pension 2055, also managed by Xu Xinyuan, has shown competitive performance with a 10.58% return since its management began in January 2024, ranking 24th among 182 similar funds [4][5] - The fund's strategy includes dynamic adjustments to asset allocations, focusing on growth and dividend assets, which has contributed to its long-term stability [5] Group 5 - ICBC Credit Suisse has developed a comprehensive pension product matrix, including target date, target risk, and passive tools, catering to various retirement needs [8] - The firm has established a robust investment process that emphasizes strategic and tactical asset allocation, as well as fund selection, to optimize risk-adjusted returns [8] Group 6 - The overall assets of ICBC Credit Suisse's FOF products have increased from 1.274 billion yuan at the end of 2021 to 2.482 billion yuan by the first quarter of 2025, demonstrating steady growth in the pension FOF segment [7] - The company has been at the forefront of pension financial product innovation, launching several products that have been included in the personal pension fund list [7][8] Group 7 - The regulatory environment is fostering a "value revolution" in public fund products, with FOFs expected to leverage their advisory-like attributes to generate alpha returns, becoming a key growth driver for fund companies [9]