自2017年9月8日国内首批产品获批以来，公募FOF已走过八年有余。从初期借势结构性牛市快速扩容， 到经历市场周期洗礼后的理性回归，再到如今的养老第三支柱建设加速推进、居民财富管理需求升级以 及多资产配置理念深入人心的多重驱动下重焕活力，FOF正逐步从"小众品种"迈向"主流配置"。 在此进程中，鹏华基金始终秉持长期主义与专业精神，不仅积极参与FOF业务布局，更立足中国资本市 场实际，深度融合全球视野与本土实践，形成了兼具战略定力与战术灵活的"中国特色资产配置框架"。 该方法论已深度融入鹏华基金FOF投研的全流程，并持续赋能旗下养老FOF以及普通FOF等系列产品 线。此次推出的鹏华易选稳健3个月持有期FOF(基金代码：A类025950；C类025951)，正是在此框架指 导下的又一重要实践。 该产品由鹏华首席资产配置官郑科执掌，延续其一贯的投资理念，在底层资产筛选、跨市场联动策略及 回撤控制机制中，深度融入对当前宏观经济格局与中国资本市场结构性特征的研判，力求在复杂多变的 环境中，为投资者提供兼具时代适配性与长期复利价值的配置方案。 单一资产难以应对复杂的市场环境，多元资产配置成为趋势。对此，郑科有着独到见解： ...

Core Insights - The FOF market has significantly expanded in 2023, with total market size reaching 193.34 billion yuan by the end of Q3 2025, representing a growth of over 46% compared to the end of 2024 [1] - The demand for stable, diversified, and professional investment tools has surged due to challenges such as low interest rates, broken guarantees, and increased market volatility [1] Group 1: FOF Product Features - The essence of public FOFs is to provide investors with a professional investment solution for diversified asset allocation, aiming for a long-term balance between risk and return through scientific combinations and dynamic adjustments [1] - The newly launched Penghua Easy Selection Stable 3-Month Holding Period FOF, led by Chief Asset Allocation Officer Zheng Ke, focuses on multi-asset allocation and aims to control volatility while broadening sources of return [1][3] Group 2: Addressing Investor Challenges - FOFs effectively address common behavioral biases faced by ordinary investors, such as difficulty in selecting funds, timing issues, and holding onto investments [1] - The Penghua Easy Selection Stable FOF is designed to assist in fund selection by leveraging a research team with extensive experience to create a scientifically constructed portfolio of quality funds [2] Group 3: Investment Strategy - Asset allocation is identified as the core value of FOFs, contributing over two-thirds of investment returns, with a focus on both strategic asset allocation (SAA) and tactical asset allocation (TAA) [3] - The product aims to enhance the risk-return profile of the portfolio while optimizing the investor's holding experience through a disciplined asset allocation mechanism [3]