CITIC Securities: The public mutual fund FOF market is expected to exhibit a pattern of structural differentiation in the future.

NightAirdropper · 2026-03-25T21:23:15+00:00

CITIC Securities research report indicates that the public FOF market remains hot in 2026, with assets exceeding 300 billion yuan, driven by multiple factors. In the future, the market will experience structural differentiation, with asset allocation capabilities becoming the key competitive factor.

NightAirdropper

2026-03-25 21:23:15

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CITIC Securities research report states that since the beginning of 2026, the public fund of funds (FOF) market has remained hot, with significantly improved fundraising efficiency. CITIC Securities estimates that the scale of public FOFs has exceeded 300 billion yuan (as of March 20, 2025). The growth in wealth at the fund level, coupled with declining deposit interest rates, the decrease in bond YTM (yield to maturity) and intensified multi-asset rotation, the validation of product performance and the demand to “regain trust,” as well as the stabilization of liabilities at the channel level and the reshaping of the wealth management ecosystem, have jointly driven the remarkable growth of the public FOF scale. Looking ahead, it is expected that the public FOF market will show a pattern of structural differentiation, with asset allocation ability becoming the key to long-term competition.

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