Core Viewpoint - The FOF funds managed by companies like Changjiang Asset Management, ICBC Credit Suisse, Guotai Fund, and Huashang Fund have demonstrated strong performance in the market, leading the industry in returns [1][12]. Group 1: Performance of FOF Funds - As of July 28, the top-performing FOF funds over the past year include Changjiang Securities with a return of 29.09%, Guotai Fund at 25.29%, and ICBC Credit Suisse at 23.32% [1][13]. - The top two FOF funds are ICBC Rui Zhi Jin Qu Stock (FOF-LOF) A with a return of 49.17% and Guotai You Xuan Ling Hang One-Year Holding Period Mixed (FOF) at 49.16% [2][3]. Group 2: Investment Strategies - The investment strategy of ICBC Rui Zhi Jin Qu Stock (FOF-LOF) A includes a concentrated portfolio with the top ten holdings accounting for 67.20%, indicating a focused approach [5][7]. - The fund employs a barbell strategy, balancing aggressive investments in high-growth sectors like innovative pharmaceuticals with defensive positions in gold ETFs [7][10]. Group 3: Market Insights and Adjustments - The FOF funds have shown a keen ability to adapt to market changes, such as reducing exposure to US stocks while increasing holdings in Hong Kong and A-shares [8][11]. - The funds are focusing on sectors with high growth potential, including rare earths and innovative pharmaceuticals, which are expected to benefit from supply-side reforms and policy support [11][12]. Group 4: Future Outlook - The outlook for the FOF funds suggests a continued focus on sectors with strong fundamentals and potential for recovery, particularly in the context of policy shifts and market dynamics [12][16]. - The emphasis on dynamic asset allocation and ETF integration is expected to enhance the strategic value of FOF funds in capturing growth opportunities [12][17].