公募FOF年内平均业绩超9%

Core Insights - The performance of Fund of Funds (FOF) has significantly improved, reaching its best state in the past five years due to market recovery [1][4] - The average performance of public FOFs has increased by 9.41% year-to-date, with nearly 40 funds showing a net value growth rate exceeding 20% [3][4] Performance Overview - As of August 22, 515 public FOFs have an average return of 9.41%, with only one product showing negative returns [3] - The top performers include Guotai's "Optimal Navigation" and "Industry Rotation A," with annual net value increases of 45.49% and 39.97%, respectively [3] Market Trends - The current market environment presents considerable investment opportunities in asset allocation and fund selection, particularly in domestic and overseas equity markets and commodities like gold [4][6] - The "stock-bond seesaw" effect is evident, with a balanced attractiveness between stocks and bonds, suggesting a cautious approach to asset allocation [6][9] Strategic Recommendations - Companies are advised to increase equity asset allocation, especially in "fixed income plus" assets, as the stock market is expected to strengthen structurally over the next three years [5][9] - The shift in FOF investment strategy from traditional fund selection to a core-satellite model focusing on ETFs is highlighted as a significant change [4][9] Asset Class Focus - Attention should be given to opportunities in commodities, Hong Kong stocks, and A-shares, with a focus on sectors like new materials and renewable energy [7][9] - The potential for a global monetary easing cycle and the impact of U.S. fiscal policies may create favorable conditions for domestic equity assets [8][9] Investment Strategy - It is recommended to avoid over-concentration in single sectors and to regularly adjust the stock-bond ratio to maintain alignment with initial risk levels [10] - Utilizing FOFs or "fixed income plus" funds can help achieve a balanced allocation across major asset classes [10]