According to Wind data, as of today, more than 44 new FOF products have been launched in the entire market during the year, with a total fundraising scale of 65.125 billion yuan. As new capital continues to pour in, the total size of FOF funds officially broke through the 300 billion yuan mark in mid-March, reaching a new historical level. However, there are also signs of fragmentation behind the boom. Affected by recent fluctuations and adjustments in the A-share market, equity FOF earnings fell sharply last week, and the significance of risk warning became prominent. Industry insiders believe that in this “star-making” campaign led by leading commercial banks, FOF is upgrading from a simple consignment product to a strategic “ballast stone” for wealth management, but the test of sustainability has only just begun.

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