解锁多元投资新范式，富国恒鑫3个月持有期混合（ETF-FOF）正在发行中

Core Viewpoint - The A-share market has entered a phase of high volatility and structural differentiation after an initial rapid rise at the beginning of the year, prompting investors to seek stable returns through diversified asset allocation strategies, such as the newly launched Fuguo Hengxin 3-Month Holding Period Mixed (ETF-FOF) fund [1] Group 1: Market Environment - Since 2025, FOF funds have gained popularity among investors due to their asset allocation and risk diversification advantages, with a total of 545 public FOF funds and a combined scale of 244 billion yuan by the end of 2025, marking a historical high [2] - The ETF-FOF product combines the advantages of both ETFs and FOFs, allowing off-market investors to flexibly capture trading opportunities in on-market funds, with at least 80% of its non-cash fund assets invested in ETFs [2] Group 2: Fund Strategy - Fuguo Hengxin 3-Month Holding Period Mixed (ETF-FOF) aims for low volatility and low drawdown, primarily using bond ETFs as the underlying assets while integrating A-share sector rotation and Hong Kong Smart Beta strategies to enhance returns [3] - The fund employs a momentum risk budgeting model for dynamic adjustment of asset contributions to achieve stable volatility and controlled drawdown levels, with different strategies for various asset classes, including sector rotation for A-shares and duration timing for bonds [3] Group 3: Management Team - The fund will be managed by Zhang Ziyan, the Director of Multi-Asset Investment at Fuguo Fund, who has 15 years of experience in the securities industry and a strong background in mathematics and finance [4] - Under Zhang's management, the Fuguo Xinwang Steady Pension Target One-Year Holding (FOF) A fund achieved a net value growth rate of 27.60% since inception, significantly outperforming its benchmark return of 18.63% [4] - Fuguo Fund's multi-asset investment department, established in May 2017, focuses on strategy investment and research, aiming to provide clients with long-term stable returns through multi-strategy and multi-asset allocation [4]