| 基金募集申请获中国证监会 | | 证监许可[2025]3043 号 | | | | --- | --- | --- | --- | --- | | 核准的文号 | | | | | | 基金募集期间 | | 2026年1月29日 | | | | 验资机构名称 | | 安永华明会计师事务所(特殊普通合伙) | | | | 募集资金划入基金托管专户 | | 2026年2月2日 | | | | 的目期 | | | | | | 募集有效认购总户数(单位: | | 20, 671 | | | | 户) | | | | | | | | 博时盈泰臻选6个 | 博时盈泰臻选6个 | 博时盈泰臻选6个 | | 份额类别 | | 月 持 有 期 混 合 | 月 持 有 期 混 合 | 月 持 有 期 混 合 | | | | (FOF) A | (FOF) C | (FOF) 合计 | | 募集期间净认购金额(单位: | | 3,694,920,889.30 | 2.148.905,777.25 | 5.843.826.666.55 | | 元) | | | | | | 认购资金在募集期间产生的 | | 0. 00 | 0. 0 ...

Core Viewpoint - The company aims to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing the risk of principal loss [1] Group 1 - The service offers subscribers access to exclusive investment ideas before they are released to the general public, with many ideas not being released at all [1] - Subscribers receive more in-depth research compared to what is available to the general public [1] - A two-week free trial is currently being offered for the service [1]

在利率中枢下移、资产轮动加速的当下，多元资产配置已成为应对市场变化的关键。其核心价值，在于 通过跨类别、跨市场的资产组合，打破单一资产的局限，有效分散风险、平抑组合波动。而FOF则将多 元配置的优势发挥到极致，通过搭配债基、股基、黄金类资产等，既不会错过核心赛道机会，又能通过 资产间的低相关性降低回调冲击，无需投资者自行搭配各类资产。 其中，富国智汇稳健FOF的核心优势，则源于"底仓+策略+风控"的三重保障，以及绩优基金经理与强大 平台的支撑。 在底仓构建上，产品坚守"固收打底"逻辑。精选长期业绩优异、风控能力突出的债基作为底仓，充分发 挥债券资产的稳健增值作用，为组合搭建"安全垫"，实现"进可攻、退可守"。 配置策略方面，产品突破"拼盘式"选基，采用"多元资产+多元策略"思路。在债基基础之上，围绕反内 卷政策引领、PPI回升的制造业中游和海外AI主线带来的技术变革板块，灵活配置相关领域优质基金， 同时搭配黄金、REITs等资产对冲波动。既把握结构性机会，又避免单一热点退潮的风险， 风控层面，依托富国基金多元资产投资部投研体系，通过风险预算管理、仓位动态调整等方式，合理控 制组合波动，让投资体验更平稳。 20 ...

在最新披露的2025年FOF四季报中，郑科详细阐述了其运作思路。他表示，报告期内，国内资本市场在 经历上季度大幅上涨后进入整固阶段，叠加美国多次如期降息与日本加息等外部扰动，部分前期涨幅较 大的资产风险或正在积蓄。基于此，产品组合相应降低了权益配置比重，采取"静待事态发展"的审慎策 略。未来一段时间，将着重挖掘优质品种的超额收益，降低对beta收益的预期。他还强调，"在实质性 风险来临前，期待挖掘优质品种实现基金的长期稳健增值。" 在公募FOF规模快速扩张的背景下，投资者对产品"含金量"的要求日益提升——不再仅关注短期收益， 更看重配置逻辑是否清晰、投研团队是否稳定、业绩是否具备持续性和抗波动能力。在此环境中，真正 具备系统性资产配置框架和扎实基金研究功底的管理人，正逐步脱颖而出。鹏华基金FOF团队表示，将 持续完善资产配置方法论，强化底层基金研究能力，以扎实的投研实践推动FOF从"产品供给"向"配置 解决方案"升级，助力行业迈向高质量发展新阶段。 上海证券《公募新发基金年报》数据统计，2025年共发行FOF基金89只，募集规模达845.29亿元，对比 2024年同期增长近7倍，占全年公募基金总募集规模的7. ...

Core Viewpoint - The early closure of the fundraising for the Jianxin Hongtai Multi-Asset Allocation 3-Month Holding FOF reflects strong market recognition of the value of multi-asset allocation and highlights Jianxin Fund's long-term expertise in asset allocation [1][3]. Group 1: Fundraising and Market Trends - Jianxin Fund announced the early closure of its Jianxin Hongtai Multi-Asset Allocation 3-Month Holding FOF after just three trading days of fundraising [1]. - In 2025, the number of FOF funds issued reached 89, with a total fundraising scale of 845.29 billion yuan, accounting for 7.02% of the total fundraising scale of public funds for the year [1]. - The issuance of FOF funds in 2025 ranked third historically in quantity and second in scale [1]. Group 2: Product Features and Strategy - The product is based on bond assets and flexibly combines low-volatility dividend assets, the S&P 500 index, and gold, aiming to reduce exposure risks from single assets and managers while enhancing yield elasticity [2]. - The fund aims to achieve long-term performance that exceeds benchmarks by dynamically managing asset rotation opportunities and addressing investor pain points related to selection, allocation, and timing [2]. - The three-month holding period is designed to control volatility while maintaining adequate liquidity, aligning with current market conditions [2]. Group 3: Company Expertise and Offerings - Jianxin Fund is one of the early companies to obtain qualifications for public FOF, public MOM, and advisory services, with a product system covering low, medium, and high volatility characteristics to meet diverse investor risk preferences [3]. - The company has established the "Shan Jian Hui Tou" asset allocation service brand, focusing on providing comprehensive multi-asset allocation wealth management solutions and full-process support for investors [3].

Core Viewpoint - The A-share market has shown significant momentum at the beginning of 2026, with the Shanghai Composite Index rising for 17 consecutive days and surpassing the 4100-point mark, leading to increased trading volumes. However, after January 13, the market entered a phase of high volatility, prompting investors to seek opportunities while being cautious of risks. In this context, FOF products have become increasingly valuable as they offer a balanced approach to capturing opportunities while managing risks [1][6]. Group 1: Market Performance - The Shanghai Composite Index rose from the end of 2025 to January 12, 2026, achieving 17 consecutive days of gains and breaking through the 4100-point threshold [1][6]. - Trading volumes in the two markets exceeded 30 trillion yuan for three consecutive days [1][6]. - The CSI 300 Index experienced a slight decline of 0.46% in 2025, indicating a backdrop of accelerated sector rotation [1][6]. Group 2: FOF Product Features - The FOF product, specifically the "Fuguo Zhihui Stable 3-Month Holding Period Mixed FOF," is set to launch on January 19, 2026, as part of the Bank of China's "Hui Investment Plan" [1][4]. - This FOF product aims to meet market demand for both opportunity capture and risk management through diversified asset allocation [1][4]. - The FOF product emphasizes a "bottom warehouse + strategy + risk control" framework, leveraging high-quality bond funds as a stable base to provide a safety net for the investment portfolio [2][7]. Group 3: Investment Strategy - The investment strategy of the FOF product includes a flexible allocation of quality funds in sectors influenced by anti-involution policies, PPI recovery in the manufacturing midstream, and technological changes driven by overseas AI developments [2][7]. - The product also incorporates gold and REITs to hedge against market volatility, aiming to capture structural opportunities while avoiding risks associated with single market trends [2][7]. Group 4: Fund Manager Expertise - The appointed fund manager, Wang Dengyuan, has 14 years of experience in the securities industry and 6 years in FOF management, employing a "three-dimensional integrated" framework for fund selection [3][8]. - Wang's previous products have demonstrated significant excess returns, with the "Fuguo Xinhui Pension Target Date 2025" and "Fuguo Xinhui Pension Target Date 2035" achieving returns of 10.89% and 15.93%, respectively, against benchmarks of 6.60% and 9.00% [3][8]. Group 5: Hui Investment Plan - The "Hui Investment Plan" is a collaborative initiative by the Bank of China and public fund management institutions, designed to provide a clear risk-return profile and targeted wealth management options [4][9]. - The plan encompasses a variety of asset classes, including stocks, bonds, and commodities, and employs different strategies to identify investment opportunities across various configurations [4][9]. - The "Hui Investment Plan" has officially launched, with the Fuguo Zhihui Stable FOF being the first product available for sale [4][9].

Core Viewpoint - The A-share market has shown significant momentum at the beginning of 2026, with the Shanghai Composite Index rising for 17 consecutive days and surpassing the 4100-point mark, leading to increased trading volumes. However, after January 13, the market entered a phase of high volatility, prompting investors to seek opportunities while being cautious of potential risks [1]. Group 1: Market Performance - The Shanghai Composite Index rose from the end of 2025 to January 12, 2026, achieving 17 consecutive days of gains and breaking through the 4100-point threshold [1]. - Trading volumes in the two markets exceeded 30 trillion yuan for three consecutive days [1]. - Following the peak on January 13, the market experienced high volatility, with previous leading sectors showing increased fluctuations [1]. Group 2: FOF Product Value - The value of FOF (Fund of Funds) products has become more prominent, particularly in a market characterized by rapid asset rotation and declining interest rates [2]. - The 2025 mixed FOF index with a bias towards bonds increased by 6.16%, demonstrating both reduced volatility and income elasticity [1][2]. - The newly launched FOF product, 富国智汇稳健, aims to meet market demand for both opportunity capture and risk control [1][2]. Group 3: FOF Product Strategy - The 富国智汇稳健 FOF employs a "bottom warehouse + strategy + risk control" framework, ensuring a robust investment strategy [2]. - The product focuses on a "fixed income base" by selecting high-performing bond funds to provide a safety net for the portfolio [2]. - It utilizes a "multi-asset + multi-strategy" approach, flexibly allocating to quality funds in sectors influenced by policy changes and technological transformations, while also including gold and REITs for volatility hedging [2]. Group 4: Fund Manager Expertise - The appointed fund manager, 王登元, has 14 years of experience in the securities industry and 6 years in FOF management, employing a "three-dimensional" selection framework [3]. - The 富国基金 has a comprehensive research and investment system, supporting the product with a balanced approach across fixed income, active equity, and quantitative investments [3]. - Previous products managed by 王登元 have demonstrated significant excess returns, with yields of 10.89% and 15.93% compared to their respective benchmarks [3]. Group 5: Wealth Management Initiative - The 富国智汇稳健 FOF is part of the China Bank's "慧投计划," which aims to provide a clear risk-return profile and targeted wealth management options [4]. - The "慧投计划" encompasses a variety of asset classes, including stocks, bonds, and commodities, utilizing different strategies to identify investment opportunities [4]. - The initiative has officially launched, with the 富国智汇稳健 FOF being the first product available for sale, designed to navigate uncertain market conditions through professional multi-asset allocation [4].

随着全球主要经济体陆续进入降息周期，低利率环境正成为投资者面临的新常态。在此背景下，如何平衡收益与风险、实现资产稳健增值，成为市场关注 的焦点。 近期，信达澳亚基金推出一款主打"固收+"策略的混合型FOF产品——信澳盈泰稳健3个月持有期混合型FOF（A类026349、C类026350，R2中低风险）， 旨在通过多资产、多策略配置，为投资者提供兼顾稳健与弹性的投资选择。 低利率环境下，"固收+"配置价值显现 2025年美联储三次降息，带动多国货币政策转向宽松。国内利率也持续处于低位，数据显示，截至1月7日，10年期国债到期收益率约1.90%，传统固收类 资产收益空间受到挤压。 在此环境下，投资者既希望获取高于传统理财的收益，又担忧权益市场波动，"固收+"FOF产品因其风险收益特征与当前市场需求的契合，关注度逐步提 升。 这类产品结合了"固收+"与FOF两类产品的特点。一方面，通过固收资产奠定基础收益，辅以权益资产增强弹性；另一方面，发挥FOF作为"专业基金买 手"的功能，进行跨资产、跨管理人配置，进一步分散风险。 从历史表现看，"固收+"FOF在收益、风控等维度上均有不错表现。以偏债混合型FOF指数为例，数据显 ...

Core Viewpoint - Fund companies are implementing purchase limits on popular products to avoid rapid scale expansion and protect existing investors' returns, reflecting a shift from scale-driven to investor return-driven strategies [1][4]. Group 1: Fund Purchase Limits - Several fund companies have initiated purchase limits on high-performing funds, particularly those focused on AI applications and commercial aerospace, due to increased market activity in these sectors [1][5]. - On January 12, 2026, following a surge in the AI application sector, Debon Fund announced a reduction in purchase limits for its popular fund from 10 million yuan to 100,000 yuan for A shares and from 1 million yuan to 10,000 yuan for C shares [2]. - Yongying Fund also limited large purchases for two of its actively managed equity funds starting January 14, 2026, due to their significant recent gains [2]. Group 2: Reasons for Limiting Purchases - Fund managers indicate that limiting purchases after a price increase is primarily to protect performance, as new inflows can dilute returns when the fund's net asset value is high [4]. - Limiting fund size helps avoid operational challenges associated with large capital inflows, which can hinder effective portfolio management and lead to unpredictable fluctuations in net asset value [4]. - The current trend shows a cautious approach to fund size expansion, contrasting with previous years when many new products were launched during market upswings [4]. Group 3: Alternative Investment Options - Fund companies are exploring other niche sectors and products like "fixed income plus" and FOFs to provide investors with balanced investment options amid crowded market segments [1][6]. - Some companies are focusing on promoting long-term high-performance products rather than popular sector funds, emphasizing their integrated research platforms to enhance fund manager capabilities [6].

Core Viewpoint - Fund companies are implementing purchase limits on popular products to prevent rapid scale expansion and protect existing investors' returns, reflecting a shift from scale-driven to investor return-driven strategies [1][2][3] Group 1: Fund Purchase Limits - Several fund companies, including 德邦基金 and 永赢基金, have announced purchase limits on high-performing funds focused on AI applications and other hot sectors due to increased market interest [1][2] - 中欧基金 has also implemented purchase limits on three of its products, with one fund's net asset value capped at 2 billion RMB to control its scale [2] - 工银瑞信基金 announced limits on its FOF product, indicating a trend of limiting purchases even amid a hot market [2] Group 2: Reasons for Limiting Purchases - Fund managers indicate that limiting purchases is necessary to protect performance, as new inflows at high net asset values can dilute returns and lead to inefficient cash management [2][3] - Limiting fund size helps avoid operational challenges associated with large-scale funds, which can hinder effective portfolio management and lead to significant net asset value fluctuations [3] Group 3: Market Strategy Adjustments - Fund companies are exploring alternative investment options, such as "固收+" and FOF products, to provide investors with balanced choices amid crowded sectors like AI and commercial aerospace [1][3] - Marketing strategies are shifting focus from popular sectors to long-term high-performing products, with an emphasis on the company's integrated research platform rather than individual fund managers [4]