Core Insights - Morgan Fund's FOF product sold out on its first day, marking the first "one-day sellout" FOF product since 2025, indicating a recovery in the FOF market this year [1] FOF Market Overview - As of August 5, 2023, 36 new FOF products have been established this year, an increase of 12 compared to the same period last year [1] - The total issuance scale of FOF products reached 33.04 billion, a year-on-year increase of 300.44%, accounting for 5.32% of the total new fund issuance, significantly higher than last year's 1.16% [1] - 50 public funds have reported a total of 83 FOF products, with 6 under review and 54 accepted; among the 23 approved FOFs, 2 are currently in issuance [1] Performance Metrics - The average return of FOF products over the last three months is 5.64%, while the average return for the year to date is 6.24% [1]

Group 1 - Morgan Fund's FOF product achieved a "one-day sell-out" on its first day of issuance, marking the first such occurrence since 2025 [1] - The original fundraising deadline for the Morgan Yingyuan Stable Three-Month Holding Period Mixed FOF was August 22, but it closed early due to high demand [1] - The FOF market has shown signs of recovery this year, with 36 new FOF products established by August 5, an increase of 12 compared to the same period last year [1] Group 2 - The total issuance scale of FOF products reached 33.04 billion yuan, representing a year-on-year growth of 300.44%, accounting for 5.32% of the total new fund issuance, significantly higher than last year's 1.16% [1] - Data from Tonghuashun indicates that 50 public funds have reported a total of 83 FOF products, with 6 under review and 54 accepted; 23 approved FOFs include 2 currently in issuance [1] - The average return of FOF products over the last three months was 5.64%, while the average return for the year to date was 6.24% [1]