From a carnival of 300 billion to cooling down the issuance, public offering banks jointly create FOF mode and meet the test of performance differentiation.

Wind data shows that as of recently, there have been over 44 new FOF products established in the entire market this year, with a total fundraising scale of 651.25 billion yuan. As new funds continue to flow in, the total scale of FOF funds officially surpassed 300 billion yuan in mid-March, reaching a new historical milestone. However, behind the hot market, signs of differentiation are also emerging. Due to recent volatility in the A-share market, the returns of stock-type FOFs dropped significantly last week, highlighting the importance of risk warning. Industry experts believe that in this "star-making" movement led by top commercial banks, FOFs are transitioning from simply distributing products to becoming a strategic cornerstone of wealth management, but the test of sustainability is just beginning.