ETF-FOF市场迎“第二春”！产品焕新与配置热度上升

Core Viewpoint - The ETF-FOF market is experiencing a resurgence since 2025, becoming an important tool in multi-asset allocation for institutions, driven by increased product launches and a shift in asset allocation strategies [1][2]. Group 1: Market Dynamics - The ETF-FOF market is entering a "second spring" with renewed interest from fund companies and investors, following a period of stagnation from 2023 to 2024 [2]. - Several new ETF-FOF products are being launched, including those from Zhongou Fund and other companies, indicating a growing trend in this investment category [2]. - The performance of existing ETF-FOF products has shown strong competitiveness, with notable returns such as 19.80% for FuGuo ZhiXin Industry Select A and 17.67% for ICBC RuiZhi JinQu A over the past year [3]. Group 2: Institutional Adoption - There is a significant increase in institutional interest in ETFs, with many funds, including public FOFs, bank wealth management subsidiaries, and insurance funds, raising their ETF allocation [4]. - The rise in ETF popularity among institutions is attributed to market conditions that favor high liquidity, low transaction costs, and the ability to trade intraday, making ETFs efficient tools for portfolio adjustments [4]. - The evolution of ETF products, which now cover a wider range of themes and strategies, has allowed them to compete effectively with active funds, particularly in niche areas [4]. Group 3: Strategic Importance of ETFs - The transparency and stable style of ETFs make them attractive for FOFs, as they clearly express the investment strategies of FOF managers [5]. - ETFs are increasingly viewed as essential components of long-term FOF allocation strategies, moving beyond mere trading tools to become key drivers of diversification and precision in asset management [5].