Core Insights - The public FOF market is experiencing significant growth, with two products closing early in the first week of 2026, indicating strong investor interest [1][2] - The average net value growth rate for public FOFs in 2025 was 14.95%, with several exceeding 50%, showcasing their performance [2] - The total scale of public FOFs reached approximately 2,383 billion yuan by the end of 2025, marking a nearly 70% increase compared to the end of 2024 [2][5] Performance Highlights - In 2025, public FOFs collectively raised 845.29 billion yuan, an increase of over 8 times year-on-year, reaching a new high since 2022 [2] - The early closure of products like Wanjiatai Stable Three-Month Holding Mixed FOF and GF Yuying Stable Three-Month Holding Mixed FOF reflects the strong demand in the market [2] Market Dynamics - The decline in domestic bond yields and the narrowing of traditional financial product returns have increased the demand for alternative investment products like public FOFs [3] - The deepening of investor education has led to a greater recognition of the value of public FOFs in asset allocation and risk smoothing [3] - The diversification of asset allocation in public FOFs, including stocks, bonds, commodities, QDIIs, and REITs, has enhanced their attractiveness to investors [3] Future Outlook - Industry experts believe that public FOFs will continue to grow and may become a core product in asset allocation systems in 2026, driven by factors such as "financial relocation," "pension demand," and "tool upgrades" [4][5] - The design of public FOF products is expected to become more refined to align with pension policies, catering to long-term and stable investment needs [5][6] - There will be a continued deepening of cross-asset diversification in public FOFs, expanding from traditional asset classes to include global and alternative assets [6]

【导读】两只产品提前结募，FOF市场持续火热 中国基金报记者 张玲 2026年开年以来，公募FOF市场亮点纷呈，不仅产品业绩表现亮眼，发行端也备受资金青 睐，节后首周便有2只FOF提前结募。 业内人士表示，近年来，公募FOF通过多元配置控制回撤、提升收益稳定性的能力逐步得到验 证，增强了其对资金的吸引力。2026年，在"理财搬家""养老刚需""工具升级"三重因素下， 公募FOF仍有较大发展空间，并有望成为资产配置体系中的核心产品之一。 业绩表现亮眼 两只公募FOF提前结募 Wind数据显示，在过去的2025年，公募FOF单位净值增长率悉数为正，均值达14.95%，并 有多只超50%。 发行市场方面，元旦假期后首周，2只公募FOF相继提前结募。其中，1月5日，万家启泰稳健 三个月持有混合FOF发售仅一天便提前结束募集，成为2026年开年首只"日光基"；广发悦盈 稳健三个月持有混合FOF实际募集期也仅有2天。 拉长时间来看，自2017年首只产品成立以来，公募FOF曾一度受到资金热捧，2021年更是以 1194.86亿元的募集规模创下历史新高；然而基金总规模在2021年达到阶段高位后，便出现 持续下滑，直到2025 ...