当前市场环境下，全球经济增速放缓、资本市场波动加剧，投资者对资产配置的需求日益提升。且随着 居民财富管理意识的提升和投资理念的成熟，越来越多的投资者不再满足于简单的金融产品投资，而是 倾向于借助专业机构的力量实现资产的稳健增值。这种对专业化、系统化资产配置工具的需求，正推动 FOF产品成为公募基金领域的重要增长极。 而要实现科学合理的资产配置，离不开一支专业化、复合型的投研团队作为坚强后盾。FOF产品的成功 运作，依赖于团队成员在宏观研判、量化分析、风险识别及全流程管控等多领域的深厚积累与协同合 作。他们如同一个高效协同的"智囊团"，每位成员都需具备不同资产领域的专长，同时能够形成合力， 共同应对多元资产配置中的复杂挑战。 数据显示，FOF产品正以强劲势头发展。截至今年三季度末，我国公募FOF产品数量已达518只，总规 模突破1934.9亿元，较二季度末增长达16.8%，新发基金数量也呈现回升态势。尤为引人注目的是，在 过去的三季度里近99%的FOF产品实现了正收益，展现出在震荡市场中出色的抗风险能力与稳健回报特 征。 正是基于对FOF本质的深刻理解，民生加银基金构建了一支背景多元、经验丰富的FOF投研团队， ...

Core Viewpoint - The demand for professional asset allocation tools, particularly FOF products, is increasing due to a slowing global economy and heightened market volatility, as investors seek stable asset growth through specialized institutions [1][2] Group 1: FOF Product Growth - As of the end of Q3 this year, the number of public FOF products in China reached 518, with a total scale exceeding 193.49 billion, marking a 16.8% increase from the end of Q2 [1] - Nearly 99% of FOF products achieved positive returns in the past three quarters, demonstrating strong risk resistance and stable return characteristics in a volatile market [1] Group 2: Asset Allocation Advantages - FOF products provide diversified asset allocation, helping investors mitigate risks and smooth investment fluctuations by distributing funds across various asset classes such as stocks, bonds, commodities, and overseas assets [1] - The systematic scientific allocation of major asset classes enhances the investment perspective and significantly boosts the portfolio's risk resistance capabilities [1] Group 3: Professional Research Team - The successful operation of FOF products relies on a specialized and composite research team skilled in macro analysis, quantitative analysis, risk identification, and comprehensive process control [2] - Minsheng Jianyin Fund has established a diverse and experienced FOF research team, led by Liu Xin, integrating expertise from various fields to collaboratively tackle complex challenges in multi-asset allocation [2] Group 4: New Product Launch - The Minsheng Jianyin Multi-Dimensional Stable Allocation 3-Month Holding Period Mixed FOF (Class A: 025858, Class C: 025859) will be co-managed by Liu Xin and fund manager Kong Siwei, implementing a "localized all-weather" strategy [2] - The product is designed with a 3-month holding period to balance liquidity and investment discipline, aiding investors in navigating market cycles [2]

Core Insights - The current global economic landscape is undergoing significant adjustments, leading to increased market volatility and making single-asset investment models inadequate for investors seeking stable growth [1] - The asset management industry is experiencing structural changes, with the overall AUM in China projected to reach 170.13 trillion yuan by mid-2025, reflecting a growth of approximately 4.27% from the end of 2024 [1] Group 1: Asset Management Trends - The asset management industry is shifting from a "single track" approach to a "diverse collaboration" model, with asset allocation concepts becoming mainstream [1] - The diversification of investment products is evident, with bank wealth management products at 30.67 trillion yuan, public funds at 34.39 trillion yuan, and pension funds managed by fund companies at 6.10 trillion yuan [1] Group 2: Scientific Asset Allocation - Scientific asset allocation can effectively buffer the impact of single-asset volatility on overall investments, creating a "defensive net" for portfolios [2] - Dynamic adjustments in asset allocation allow for risk control while seizing investment opportunities across different markets and stages, balancing long-term risk and return [2] - FOF (Fund of Funds) is emerging as a crucial tool for investors to achieve scientific asset allocation, offering dual diversification across different funds and asset classes [2] Group 3: New Product Launch - Minsheng Jianyin Fund is set to launch a new product, Minsheng Jianyin Multi-Asset Stable Allocation 3-Month Holding Period Mixed FOF, from November 24 to December 8, aimed at meeting investor demand for stable allocation and flexible holding [3] - The new product will adopt a "multi-asset, multi-strategy" allocation approach, expanding beyond traditional stock and bond allocations to include overseas assets and commodities [3] - The product will implement dynamic risk hedging and portfolio optimization based on in-depth analysis of asset correlations, aiming to control volatility while enhancing long-term return potential [3]