Wind data shows that since July 2025, the total scale of public offering FOF has achieved positive growth for 5 consecutive months. As of December 5, there were 538 FOF products in the market, with a total net asset value of 231,611 billion yuan. The overall scale has surpassed the level of the end of 2021 and is close to the historical high of 233,962 billion yuan in early 2022. Since this year, 13 FOFs with a scale of 2 billion yuan or more have been established, 7 of which were established in the fourth quarter. According to statistics from the subscription start date, as of December 5, a total of 78 FOF have been issued this year, compared to only 29 in the same period last year. Since the fourth quarter of this year, a total of 37 FOFs have been released, of which 10 have been announced since December. The reporter interviewed a number of FOF fund managers and learned that the volume and scale of FOF product distribution is close to a historical high. It is a choice for the evolution of the market environment and changes in the residents' financial management structure. Behind this is the triple resonance of policy dividends, changes in the market environment, and escalating investor demand.

Wind data shows that since July 2025, the total scale of public offering FOF has achieved positive growth for 5 consecutive months. As of December 5, there were 538 FOF products in the market, with a total net asset value of 231,611 billion yuan. The overall scale has surpassed the level of the end of 2021 and is close to the historical high of 233,962 billion yuan in early 2022. Since this year, 13 FOFs with a scale of 2 billion yuan or more have been established, 7 of which were established in the fourth quarter. According to statistics from the subscription start date, as of December 5, a total of 78 FOF have been issued this year, compared to only 29 in the same period last year. Since the fourth quarter of this year, a total of 37 FOFs have been released, of which 10 have been announced since December. The reporter interviewed a number of FOF fund managers and learned that the volume and scale of FOF product distribution is close to a historical high. It is a choice for the evolution of the market environment and changes in the residents' financial management structure. Behind this is the triple resonance of policy dividends, changes in the market environment, and escalating investor demand.