Fund Issuance Market - The new fund issuance market is experiencing a recovery, with nearly 100 billion yuan in new fund issuance this month [1] - As of August 28, 139 funds have been established since August, with a total issuance scale of 97.842 billion yuan, an increase of over 10 billion yuan compared to July [1] - The issuance scale of equity funds reached 57.768 billion yuan in August, marking a new monthly high for the year [1] Performance of Equity Funds - The market recovery has led to a surge in the issuance of equity funds, with 23 equity funds exceeding 1 billion yuan in issuance during the month [1] - Notable funds include the Dongfanghong CSI Hong Kong Stock Connect High Dividend Investment Index Fund with 2.3 billion yuan and the Great Wall National Certificate Free Cash Flow Index Fund with 2.208 billion yuan [1] Active and Passive Fund Trends - Both passive index funds and actively managed equity funds are seeing high issuance volumes, with several funds exceeding 1.5 billion yuan [2] - The Southern Stable Income Bond Fund raised 4.998 billion yuan, while the Morgan Stable Three-Month Holding Period Mixed FOF raised 2.752 billion yuan in a single day [2] Bond Index Fund Growth - The trend of bond index investment is accelerating, with new bond index funds attracting significant subscriptions, such as the Huashan Shanghai Clearing House 0-5 Year Government Financial Bond Index Fund with 6 billion yuan [2] Fund Purchase Restrictions - As the market improves, high-performing funds are frequently imposing purchase limits, such as the Hongta Hongtu Shengfeng Mixed Fund, which has restricted single-day purchases exceeding 200,000 yuan [3] - Other funds like the Fuguo Small and Medium Cap Selected Mixed Fund and the Xiangcai Medical Health Mixed Fund have also announced limits on large purchases [3] Interest from Overseas Asset Management Firms - Overseas asset management firms are increasingly interested in Chinese equity products, with the Bualuang China Next Economy Fund launched in Thailand to invest in Chinese equity products [3] - The fund manager emphasizes the structural investment opportunities in sectors like AI, renewable energy, robotics, and healthcare in China [3] Domestic Fund Managers' Investments - Domestic fund managers are also investing in their own equity funds, with Morgan Fund (China) announcing an investment of 24.7 million yuan in its Morgan CSI A500 Index Enhanced Fund [4] - Huatai Securities Asset Management plans to invest up to 32 million yuan in its public equity funds, indicating confidence in the Chinese capital market [4]

摩根盈元稳健三个月持有期混合型FOF的"一日售罄"并非偶然。这只由摩根资产管理（中国）资产配置 及退休金管理首席投资官恩学海与基金经理吴春杰共同管理的FOF产品6，精准切中了当前投资者的核 心需求——稳健低波动与多元收益来源。 专题：新浪仓石基金研究院 8月5日，摩根基金管理（中国）有限公司发布公告，宣布旗下摩根盈元稳健三个月持有期混合型FOF提 前结束募集。 这只代码为024695（A类）和024696（C类）的FOF产品，原定募集截止日为2025年8月22日，因销售火 爆，募集截止日提前至8月4日，发行仅一日便告售罄。 公告显示，8月4日当日的有效认购申请将全部予以确认。记者从渠道获得消息，该基金募集规模已近28 亿元，成为2025年以来首只"一日售罄"的FOF产品。 低波稳健配置，摩根盈元FOF一日售罄的密码 银行渠道成为FOF销售主力军。以招商银行为例，截至2025年6月30日，招行FOF保有规模已达460亿 元。今年多只由招商银行托管的FOF产品都取得亮眼募集成绩，除东方红盈丰、富国盈和外，南方稳见 3个月持有首发规模也在30亿元以上。养老FOF市场同样加速扩容。2022年个人养老金制度落地后，目 ...

Core Insights - The article emphasizes the importance of diversified asset allocation strategies in navigating market volatility and achieving stable investment returns over the long term [1][2][3] Group 1: Market Context - The rise of diversified asset solutions post-2008 financial crisis addresses three core investor pain points: the quest for yield in a low-interest environment, high asset price volatility, and frequent economic cycles [1] - The classic 60/40 stock-bond portfolio has achieved positive returns in 27 out of 36 years since 1990, with a 75% annual positive return rate, supporting the notion that asset allocation is the "only free lunch" in investing [1] Group 2: Company Strategy - Morgan Asset Management's global multi-asset product line has surpassed 3 trillion RMB, reflecting its commitment to long-term investment strategies that go beyond short-term speculation [2] - The company integrates global perspectives with local insights, utilizing over 1,300 investment experts across more than 70 locations to analyze market trends [2] Group 3: Product Innovations - Morgan Asset Management is launching the Morgan CSI A50 ETF in 2024, which will feature a mandatory quarterly dividend mechanism, contributing to a trend of increased dividends in broad-based ETFs [3] - The firm has introduced a range of Fund of Funds (FOF) products aimed at providing stable returns through diversified asset allocation, enhancing the overall investment experience for clients [3]

市场犹如浩渺的未知海域，有人追逐浪花，有人畏惧风浪，而真正的航海家却会选择带上罗盘与耐心， 在潮起潮落中校准航向。2008年金融海啸过后，多元资产解决方案在全球快速崛起，其核心逻辑在于 跳出对单一资产的依赖，通过科学分散配置，力争让投资组合在市场波动中稳健前行。 近二十年间，多元配置策略直击投资者三大核心痛点：低利率环境下的收益渴求、资产价格的高波动困 扰、经济周期的频繁轮动。 正如航海家不会把命运交给一阵风，长期主义者也从不押注单一市场。当 市场波动成为常态，资产配置已从投资的"选修课"升级为"必修课"。 以经典的60/40股债组合（60%MSCI全球股票指数+40%彭博全球债券指数）为例，1990年初以来的 近36年间，27个年度实现正收益，年度正回报比例达75% ¹ ， 这印证了诺贝尔经济学奖得主马科维茨 的经典论断：资产配置是投资中"唯一免费的午餐"。 资产配置就像均衡饮食一样，股票是"蛋白质"， 债券是"碳水"，黄金等商品资产则如同"维生素"，真正的财富健康，源于科学的营养配比。 越来越多的投资者正形成共识：不怕慢慢变富，就怕坐过山车。为此，我们持续创新——注重分红与多 元配置，优化持有体验。 20 ...