民生加银基金刘欣：满足客户需求打造FOF稳健投资策略

Group 1 - The core viewpoint emphasizes the importance of meeting client needs in the public fund industry, particularly in the context of increasing demand for stable investment strategies like FOF (Fund of Funds) [2][6] - The public fund sector, especially equity funds, is facing challenges despite a significant increase in index stock fund sizes, with mixed performance in other fund types [2][4] - The shift towards passive funds indicates a growing investor preference for strategies that mitigate market volatility, highlighting the need for effective asset allocation to reduce client pain points [2][3] Group 2 - The strategy for achieving absolute returns involves a balanced allocation across major asset classes, including stocks, medium to long-term bonds, and commodities [3][4] - The preference for strategy index funds is noted, as they offer clear styles, transparency, and potential for excess returns, with a focus on dividend and small-cap enhancement products [4][6] - The performance of public FOFs has shown an upward trend in both returns and scale, with specific products like the Minsheng Jianyin Kangning Stable Pension Target FOF ranking in the top 10 of its category [6]