Core Insights - The public FOF market experienced a rare "full house" of positive returns last week, with all products achieving gains, highlighting a significant recovery from previous market adjustments [1][4] Performance Summary - The top-performing FOFs for the week included: - Guotai Selected Navigation One-Year Holding with a return of 5.18% - Qianhai Kaiyuan Yuyuan with a return of 4.40% - Guotai Industry Rotation A with a return of 4.25% [2] - The overall market saw a total of 517 public FOFs by the end of Q2, with a total scale of 1656.72 billion, reflecting a 9.7% quarter-on-quarter growth [4] Market Activity - On August 4, Morgan Fund's Morgan Yingyuan Stable Three-Month Holding FOF ended its fundraising early, raising approximately 2.8 billion, indicating strong investor enthusiasm [2] - In Q2, 14 new FOFs were established, raising a total of 18.604 billion shares, with an average fundraising scale of 1.329 billion [4] Long-Term Performance - As of August 12, the threshold for the top 20 FOF products over the past three years was a return of 8.43%, with Xingzheng Global Fund securing five positions in this ranking [5][6] - Qianhai Kaiyuan Fund had three products in the top rankings, showcasing the emerging head effect in the FOF sector [5]