Core Viewpoint - Public funds are actively hiring foreign investment advisors to enhance investment management for QDII funds, driven by the growing demand for diversified asset allocation as residents' wealth continues to increase [1] Group 1: Hiring Foreign Advisors - Penghua Fund announced the hiring of Italy's Eurizon Capital Asset Management as a foreign investment advisor for its global high-yield bond fund and US real estate fund, with Eurizon managing €390.5 billion as of last September [2] - Other public funds are also bringing in foreign advisors, with many having over 15 years of experience in the securities industry, aligning well with the investment directions of the respective QDII funds [2][3] - Notable foreign advisors include Steven Angeli from Wellington Management with over 30 years of experience, and Cai Defeng and Yang Bo from Amundi Asset Management, both with over 16 years of experience [3] Group 2: Expanding Investment Directions - The hiring of foreign advisors reflects support from foreign shareholders and the sharing of investment expertise, which is crucial for navigating complex overseas markets [4] - Public funds are increasingly focusing on global asset allocation capabilities, with a rich lineup of QDII funds covering various international markets, including the US, France, Japan, and more [4] - The popularity of certain QDII funds is evident, as seen with the招商利安新兴亚洲精选ETF reaching its fundraising cap of 1 billion yuan in just one day [4] Group 3: New Fund Offerings - The mutual recognition fund shelf has seen new additions this year, with Morgan Asset Management reporting three new mutual recognition fund products [5] - Multi-asset allocation capabilities are gaining importance, with FOF (Fund of Funds) becoming a key vehicle for diversification, emphasizing the need for familiarity with different asset classes [6]