固收打底+权益进攻+黄金对冲！买手王登元新基锚定稳健资金需求

Core Insights - The FOF (Fund of Funds) market has seen significant growth, with the number of FOF funds reaching 67 and total fundraising amounting to 72.426 billion yuan in 2025, a nearly tenfold increase year-on-year [3] - The investment strategy of FOF funds has shifted from a "picking basket" approach to a more stable value-added allocation, focusing on a "fixed income foundation, equity advancement" structure [3][5] - The launch of the "Hui Tou Plan" by Bank of China aims to provide a clear risk-return profile for wealth management, incorporating various asset classes [4] Market Trends - The FOF fund market's expansion is driven by changes in market conditions, product strategy upgrades, and evolving investor demands [5] - Low interest rates have decreased the attractiveness of traditional investments, prompting stable funds to seek new investment directions [5][6] - The A-share market's strength has increased risk appetite for equity capital, leading to a balanced investment approach between bonds and equities [5] Investment Strategy - The newly launched FOF fund, "Fuguo Zhihui Stable 3-Month Holding Period Mixed FOF," is a bond-oriented fund that aims for stable returns through diversified asset allocation [4][8] - Wang Dengyuan, the fund manager, employs a "three-dimensional" model for selecting bond funds, focusing on historical performance, risk-return analysis, and fund manager capabilities [8] - The fund also incorporates a 3% gold commodity return into its performance benchmark, reflecting a positive outlook on gold as a long-term investment [9] Company Capabilities - Fuguo Fund has established a multi-asset investment team since 2017, focusing on strategy investment and research to achieve long-term stable returns [10] - The company employs a platform-based operation model that enhances collaboration among teams, allowing for more efficient investment opportunity discovery [10][11] - Fuguo Fund's development strategy includes fixed income, active equity, and quantitative investment, providing comprehensive support for FOF investments [11]