基金产品类型及优劣分析

Group 1 - The article discusses the phenomenon of "fund nesting," particularly focusing on FOF (Fund of Funds) and advisory fund combinations, both of which invest in a basket of funds often managed by the same team [1] - The author expresses a preference for advisory fund combinations over FOFs, noting that both have peculiar developmental forms at present, with FOFs relying on a single channel and advisory combinations depending on traffic, resulting in poor performance for both [1] - The article highlights that ETF-linked funds are a special type of FOF, primarily targeting ETFs, and suggests that on-exchange ETFs have advantages due to higher positions, better trading efficiency, and lower costs [1] Group 2 - The article mentions a product called "拼好基," which combines equity and fixed-income fund managers to create "fixed income +" funds, but practical experience shows that simply combining excellent managers' holdings does not guarantee success, as volatility and drawdown control must also be considered [1]