A股上周回调，多只公募FOF单周跌超1% 业内：投资者可以关注股债多元机会

Group 1 - The Federal Reserve's recent decision to cut interest rates by 25 basis points marks the first rate cut since December 2024, leading to a notable pullback in the A-share market [1][2] - The A-share market experienced a mixed performance, with the Shanghai Composite Index declining by 1.30%, while the Shenzhen Component and ChiNext Index increased by 1.14% and 2.34%, respectively [2] - Publicly offered Fund of Funds (FOF) saw significant weekly pullbacks, with many products experiencing declines exceeding 1%, particularly in stock-type FOFs [2] Group 2 - Morgan Asset Management suggests that the increased probability of two more rate cuts by the Federal Reserve reduces the attractiveness of cash returns, while long-term government bonds may present capital gain opportunities [3] - The report indicates that the potential for a weaker dollar could sustain resilience in non-U.S. markets and gold, with structural opportunities in A-shares, Hong Kong stocks, and Japanese stocks [3] - Tianfeng Securities highlights that the bond market is likely to continue oscillating within a range, with ongoing market dynamics influenced by the lack of new narrative logic [3] Group 3 - The QDII (Qualified Domestic Institutional Investor) funds have shown strong performance in the overseas equity markets, with a structural differentiation in the fund market [4] - As of mid-2025, the total number of QDII funds reached 307, with a total scale of approximately 678.27 billion RMB, marking a historical high [5] - The QDII fund structure is primarily composed of individual investors, although the average proportion of institutional investors has risen to 26%, indicating potential for future FOF investments in related QDII funds [5]