Wind数据显示，截至8月22日，515只公募FOF年内平均业绩达9.41％，仅一只产品收益为负；近40只 （只统计初始份额）公募FOF年内累计净值增长率超20％。其中，曾辉管理的国泰优选领航一年持有、 国泰行业轮动A以45.49％、39.97％的年内单位净值增幅，暂列第一、第二；工银睿智进取一年A、易方 达优势回报A、工银养老2050A、交银智选星光A等业绩均在30％左右。整体来看，无论是最佳业绩还 是整体表现，公募FOF均处于五年来最佳状态。 ...

Group 1 - The equity market has attracted attention again, with the Shanghai Composite Index recording four consecutive weeks of weekly gains, particularly in sectors like innovative pharmaceuticals and rare earths [1][2] - Publicly offered Fund of Funds (FOF) have shown high investment success rates, with some equity FOFs achieving weekly net value increases exceeding 4% [2][3] - The second quarter reports reveal that many funds have allocated resources to high-interest sectors, with specific sub-indices performing well and being heavily held by various FOFs [2][4] Group 2 - The performance of various funds indicates a focus on related sectors, with successful funds investing in both index and actively managed products, as well as in specific industry indices [3][4] - The A-share market continues its upward trend, driven by strong performance in the upstream computing sector and the telecommunications sector, while the banking sector has weakened [3][4] - Increasingly, FOFs are focusing on healthcare and military-related funds, with several funds making significant allocations to these sectors in their second-quarter reports [4][5] Group 3 - Long-term investment opportunities are anticipated in the military sector, with expectations of an overall market upturn as issues affecting military planning are resolved [5]

Group 1 - The core viewpoint of the articles highlights the increasing focus on dividend assets within FOF funds, reflecting a defensive strategy in the current market environment [1][3][4] - The first FOF report for Q2 2025 indicates that the fund's net value growth rate over the past three months was 4.81%, and over six months was 10.63%, outperforming the benchmark by 3.32 and 9.55 percentage points respectively [4][6] - The top holdings in the FOF include the Bosera High Dividend ETF and Huatai-PB Low Volatility ETF, which together account for 29.21% of the portfolio, with total holdings in the top ten nearing 40% [4][6] Group 2 - The current market is characterized by a lack of clear investment themes, particularly in the equity market, leading to varied performance among different types of public FOFs [2][7] - The A-share market has shown signs of recovery, with the Shanghai Composite Index surpassing 3500 points, but the absence of consistently outperforming equity FOFs indicates ongoing market volatility [7][8] - Market sentiment suggests that further upward movement may require positive surprises in fundamentals, liquidity, or industry catalysts, with a focus on structural opportunities in the current complex macro environment [8][9]