Core Insights - The public fund FOF (Fund of Funds) named Huatai Bairui Yingtai Stable 3-Month Holding sold out on its launch day, achieving a scale of over 5 billion yuan [1][3][5] - The strong sales of public FOFs are largely attributed to robust distribution channels, particularly through China Merchants Bank [1][8] - The current low-interest-rate environment has created opportunities for multi-asset allocation, making FOF products more appealing to investors [1][7] Fund Details - Huatai Bairui Yingtai Stable 3-Month Holding is a mixed-type FOF with a balanced investment strategy, limiting equity investments to no more than 30% of the fund's assets, while focusing on bond funds as core underlying assets [5] - The fund's manager is Dou Xiaoman, and it was initially set to raise funds from October 23 to October 31 but closed early on October 23 due to high demand [3][5] Market Trends - In October alone, three FOFs have been established with scales exceeding 2 billion yuan, all distributed through China Merchants Bank [1][8] - A total of 11 FOFs have been established this year with scales over 1 billion yuan, with the highest exceeding 6.5 billion yuan [8] - The TREE Changying Plan by China Merchants Bank has been instrumental in promoting these FOF products, providing a one-stop asset allocation solution [8]