Core Insights - The "924" market rally, which began on September 24, 2024, has significantly benefited the pension FOF funds, leading to a substantial increase in overall performance over the past year [1][2] Group 1: Performance of Pension FOF Funds - As of September 19, 2025, the average annual return of pension target date FOF funds reached 30.72% [1] - Specific funds such as the Jiashi Pension 2040 Mixed (FOF) Y achieved a return of 40.47%, surpassing its benchmark by 14.5% [1] - Jiashi Pension 2050 Mixed (FOF) Y reported a return of 40.34%, exceeding its benchmark by over 11 percentage points [1] - Jiashi Pension 2030 Mixed (FOF) Y also performed well with a return of 26.21%, outpacing its benchmark by nearly 10 percentage points [1] - Four Jiashi pension target risk FOFs also showed robust performance, each exceeding a 5% return over the past year [1] Group 2: Factors Contributing to Performance - The strong performance of pension FOFs is attributed to the robust equity market and the increasing sophistication of investment tools [2] - The investment scope of FOFs has expanded to include various asset classes, such as 30-year government bond ETFs, gold ETFs, and QDII, enhancing their multi-asset allocation advantages [2] Group 3: Suitability of FOF for Pension Investment - FOFs provide better risk matching, which is essential for pension investments, aligning with the need for stable growth [3] - The professional asset allocation capabilities of FOFs cater to investors lacking investment experience, making them suitable for pension investments [3] - The long-term investment nature of pensions aligns well with the FOF's investment philosophy, which often includes a set investment horizon [3] Group 4: Investment Strategy for Personal Pensions - Investors are advised to utilize the annual contribution limit of 12,000 yuan effectively to enjoy tax benefits and investment growth [4] - Product selection should align with individual circumstances, including age, risk tolerance, and cost considerations [4] - A long-term investment approach is recommended, encouraging regular contributions and avoiding frequent adjustments based on market fluctuations [4]