Group 1 - FOF products demonstrated strong performance in the first half of the year, with an overall average return of 3.11% as of June 30, achieving positive returns [1] - Aggressive FOFs outperformed by allocating to thematic ETFs, overseas assets, and commodity tools [1][3] - The popularity of new FOF products continues to rise, with increasing diversification in product types and more refined strategy designs [3][6] Group 2 - Notable FOF products include Bohai Huijin's Preferred Aggressive 6-Month Hold A, ICBC's Wise Aggressive 1-Year A, and ICBC's Pension 2050Y, which achieved returns of 15.19%, 14.88%, and 14.59% respectively [4] - Bohai Huijin's product focuses on passive index products, particularly thematic ETFs, and includes various QDII products and commodity funds [4][5] - ICBC's Wise Aggressive also favors passive index strategies, with a focus on specific ETFs and a diversified asset allocation [5] Group 3 - The structure of ICBC's Pension 2050Y is more diversified, including active equity funds, passive index products, and fixed income assets [5] - High elasticity and theme-driven asset allocation strategies were common among top-performing FOFs, with a core focus on passive index funds [5][6] - A total of 31 new FOF products were launched in the first half of the year, with significant initial scales indicating strong market interest in diversified asset allocation tools [6][7] Group 4 - New products like Fidelity's Renyuan Stable 3-Month Hold FOF are designed to tap into China's pension business, leveraging global market strategies and advanced risk management techniques [6][7] - The trend shows a richer product structure and more refined strategy designs, particularly in the fields of pension targeting and diversified asset allocation [7] - Leading institutions are accelerating their layouts, with foreign public funds viewing FOFs as a key entry point into the Chinese pension market [7]