公募FOF年内最高涨68%！四季度三大行业或成布局重点

Core Viewpoint - The performance of public FOFs (Fund of Funds) has significantly improved, with some achieving returns as high as 68% this year, surpassing many actively managed equity funds and changing the perception of FOFs as conservative investment products [1][2]. Group 1: Performance and Strategy - The top three performing FOFs this year are Guotai Youxuan Lihang (68%), E Fund Advantage Return (58.33%), and Guotai Industry Rotation (57.47%), all of which have outperformed the average return of actively managed equity funds [2][3]. - FOFs are increasingly focusing on narrow-based industry theme funds, such as ETFs related to gold, batteries, and innovative pharmaceuticals, to enhance their performance [3][4]. - The shift towards selecting funds rather than individual stocks has allowed FOFs to achieve high performance, indicating a new trend in the capital market and public fund industry [2][3]. Group 2: Future Investment Directions - Resource industry funds are becoming popular choices for FOFs, with managers identifying potential recovery opportunities in cyclical industries, particularly in the metal and financial real estate sectors [4][5]. - FOF managers are also looking to increase defensive positions by focusing on the most undervalued sectors within growth and cyclical industries, suggesting that bank, resource, and photovoltaic theme funds may become core investment targets [5][6]. - The current momentum in the global AI industry and improvements in the renewable energy sector are driving FOFs to adjust their allocations, increasing exposure to technology and resource theme funds while reducing financial asset allocations [5][6].