The end is often a time when value styles have a higher winning rate. Some fund managers said that by the end of the year, on the one hand, there was an empty performance window, and the market lacked some definitive game clues; on the other hand, capital liquidity was usually tight, and some funds had safe-haven needs, bringing seasonal incremental capital to sectors with steady value style performance. In addition, it is easy to switch valuations and value styles with high profit certainty at this time, undervaluation and high profit certainty are or better. According to Choice data, as of December 12, 78 FOFs have been established since this year, with a total distribution scale of 80,036 billion yuan. In contrast, a total of 35 FOFs were established in 2024, and the distribution scale was only over 10 billion yuan. Looking at the longer term, the FOF distribution since this year has surpassed the sum of 2022 to 2024.

The end is often a time when value styles have a higher winning rate. Some fund managers said that by the end of the year, on the one hand, there was an empty performance window, and the market lacked some definitive game clues; on the other hand, capital liquidity was usually tight, and some funds had safe-haven needs, bringing seasonal incremental capital to sectors with steady value style performance. In addition, it is easy to switch valuations and value styles with high profit certainty at this time, undervaluation and high profit certainty are or better. According to Choice data, as of December 12, 78 FOFs have been established since this year, with a total distribution scale of 80,036 billion yuan. In contrast, a total of 35 FOFs were established in 2024, and the distribution scale was only over 10 billion yuan. Looking at the longer term, the FOF distribution since this year has surpassed the sum of 2022 to 2024.