Core Viewpoint - The public FOF (Fund of Funds) market has seen a significant increase in new product issuance and scale in 2023, highlighted by the occurrence of a "one-day sell-out" for new products, indicating strong investor demand [2][3]. Group 1: Product Issuance and Performance - As of August 5, 2023, a total of 36 public FOF products have been issued this year, with a total issuance of 33.04 billion units, marking a substantial increase compared to previous years [2]. - The average return for public FOFs this year is 6.21%, with some products achieving net value increases of over 20% [3]. - Nearly 80% of public FOFs have restored their net value to above 1 yuan, with 12 products showing returns exceeding 30% over the past year [3]. Group 2: Asset Allocation Demand - The demand for stable investments is rising due to declining interest rates and the trend towards net value-based financial products, which is benefiting public FOFs [4]. - The importance of asset allocation is emphasized, as diversified portfolios can help investors mitigate risks and enhance long-term returns [4]. - Leading fund companies are evolving their asset allocation strategies, with a focus on providing comprehensive asset allocation solutions rather than merely selecting funds [4]. Group 3: Sales and Service Innovations - Sales strategies are crucial for promoting allocation-type products, with banks like China Merchants Bank enhancing their asset allocation service systems [5]. - The introduction of customized FOF products based on asset allocation logic aims to cater to clients with varying risk preferences [5]. Group 4: Market Outlook - FOF fund managers generally have a positive outlook on equity assets, although their specific allocation strategies may vary [6].