规模大涨30倍！解码博时基金FOF“黑马”逆袭记

Core Insights - The article highlights the remarkable growth of Bosera Fund's FOF (Fund of Funds) product, which has increased from 247 million yuan at the end of 2024 to 7.741 billion yuan by June 2025, reflecting a demand for low-volatility investment products in a low-interest-rate environment [1][2][3] - Performance is emphasized as the key driver behind the growth, with the Bosera Zhenxuan Chuhui three-month holding bond FOF achieving an 8.33% cumulative return since its inception, outperforming its benchmark of 5.61% [2][3] - The article discusses the team's robust investment research and risk management strategies that have enabled them to navigate market volatility effectively [5][6][7] Growth and Performance - Bosera's FOF product has seen a growth of over 30 times in size, becoming a representative of the public FOF market's growth in 2025 [1][2] - The FOF team has successfully avoided significant market downturns since 2022 and capitalized on opportunities in AI, technology, and convertible bonds in 2024 [2][3] - The FOF's investment strategy combines bonds, convertible bonds, and multi-asset enhancements to achieve stable returns [2][3] Investment Research and Strategy - The FOF/MOM investment research system is characterized by a comprehensive approach, focusing on capital market research, investment capability analysis, and dynamic portfolio management [3][4] - The team employs a "three-multi" strategy: multi-asset, multi-style, and multi-investment managers, ensuring a diversified and effective investment approach [3][4] - The team emphasizes "penetrative research" in selecting funds and managers, focusing on measurable investment capabilities and the reliability of non-investment abilities [4][5] Risk Management - The article outlines three key risk management techniques: strict risk budget management, high-frequency monitoring through stress testing, and extreme scenario simulations [6][7] - These techniques have been developed through years of practical experience in FOF/MOM investment, allowing the team to protect investor interests during market fluctuations [5][6] Future Outlook - The FOF/MOM model is seen as having significant growth potential, particularly in the context of the current low-interest-rate environment and the increasing demand for stable investment products [9][10] - The article suggests that the FOF/MOM model can address existing challenges in the asset management industry, such as performance instability and market inefficiencies [9][10] - Bosera's commitment to low-volatility and steady growth strategies positions it well to enhance investor satisfaction and contribute to inclusive finance [9][10]