"Professional basic investors" new trend: left hand technology, right hand gold.

With asset allocation and fund investment as their expertise, fund-of-funds have been jokingly referred to as "professional fund investors" by many investors. As the third quarter report of funds for 2025 has been disclosed, the latest buying trends of FOF have emerged. Wind data shows that Huatai Gold ETF became the fund with the highest FOF holdings at the end of the third quarter of 2025. From the perspective of FOF holdings market value, bond-type ETFs are also the main investment targets of FOF. Wind data shows that HFT CSI Short-term Bond ETF, Ping An CIBM - Medium to High Grade Corporate Bond Spread Factor ETF, Bosera SSE 30-year Treasury Bond ETF and other bond-type ETFs are among the top holdings in terms of FOF market value. Through the recent disclosure of the public fund third quarter report, it can be seen that many outstanding FOF fund managers have focused their allocations on sectors such as technology and gold.