闪电结募！2026 FOF火了

Core Viewpoint - The fund issuance market in early 2026 is experiencing a surge, particularly in FOF (Fund of Funds) products, driven by customer demand, product transformation, and channel support [1]. Group 1: FOF Sales and Market Dynamics - On January 5, 2026, Wanji Fund's FOF product sold out in just one day, marking it as the first new fund of the year to achieve this feat [2]. - On January 6, 2026, Guangfa Fund's FOF also announced an early closure of its fundraising, completing in only two trading days [3]. - The FOF products are becoming the main focus for banks, with many institutions planning to launch multiple asset FOF products throughout the year [4]. Group 2: Customer Demand and Supply Factors - In 2026, a total of 20.7 trillion yuan, 9.6 trillion yuan, and 1.3 trillion yuan of 2-year, 3-year, and 5-year fixed-term deposits will mature, representing an increase of 4 trillion yuan compared to 2025 [5]. - The low interest rates on fixed deposits are failing to meet investors' needs for capital preservation and growth, prompting a shift towards FOF products that offer diversified asset exposure [5]. - FOF products are designed to include a variety of underlying assets, such as U.S. stocks, Hong Kong stocks, and commodities, which can effectively diversify risk and capture more alpha opportunities [5]. Group 3: Changes in FOF Product Positioning - The role of FOF fund managers is evolving from merely selecting funds to focusing on asset allocation and developing more refined strategies [6]. - Banks are actively promoting FOF products, with many large banks establishing dedicated marketing lines for FOF asset allocation [6]. - The selection criteria for fund managers in FOF products have become stricter, requiring experience in multi-asset management and volatility control [6]. Group 4: New Fund Issuance Trends - The FOF sales surge reflects a broader trend in the new fund issuance market, with 38 new funds launched between January 5 and January 7, 2026 [7]. - A total of 77 public funds are planned for issuance in January 2026, with the first trading week expected to account for 62.33% of the month's total issuance [7]. - Equity products continue to dominate the new fund landscape, with 26 index funds and 26 actively managed equity funds among the new offerings [8].