Returning to the essence of asset allocation, the eight-year-old FOF undergoes transformation and rebirth.

In September 2017, the first batch of publicly offered FOFs was approved, and "fund of funds" officially entered the Chinese capital market. Looking at the development of the FOF industry over the past 8 years, it has taken a growth path of "initial exploration - rapid expansion - adjustment downturn - reform and rebirth". With diversified asset allocation strategies becoming the new consensus in the industry, and against the backdrop of rapid development of ETFs, ETF-FOFs are experiencing a wave of concentrated expansion. This tested fund category is entering a year of change, and on the path of returning to the essence of asset allocation, it is reshaping a new blueprint for industry development.