According to data from the Public Placement Ranking Network, from August 24 to 30, a total of 33 funds began subscribing in the public equity market, with an average subscription period of 20.79 days. Among them, FOF fund issuance is popular. As of August 25, FOF has raised 129.359 billion shares since this year, a record high. Li Chunyu, FOF fund manager of Rongzhi Investment, analyzed that the popularity of public FOF issuance in 2026 was mainly driven by three factors. First, in a low interest rate environment, income from deposits and bank wealth management is declining, residents' deposits are moving, market rotation is intensifying, and it is more difficult for ordinary investors to select a base. The characteristics of FOF's one-stop diversified allocation and secondary risk diversification are in line with the capital requirements for steady progress. Second, banking channels use FOF as a strategic product for wealth transformation, and vigorously channel it through customized FOF plans, becoming an important driving force behind it. In addition, public funds are paying more attention to FOF, increasing the inclination of investment and research resources, and centrally applying for new products seeking stability, such as debt-biased hybrid FOF. At the same time, policies and population aging trends are also driving the release of demand for pension FOF, further boosting the popularity of distribution.

According to data from the Public Placement Ranking Network, from August 24 to 30, a total of 33 funds began subscribing in the public equity market, with an average subscription period of 20.79 days. Among them, FOF fund issuance is popular. As of August 25, FOF has raised 129.359 billion shares since this year, a record high. Li Chunyu, FOF fund manager of Rongzhi Investment, analyzed that the popularity of public FOF issuance in 2026 was mainly driven by three factors. First, in a low interest rate environment, income from deposits and bank wealth management is declining, residents' deposits are moving, market rotation is intensifying, and it is more difficult for ordinary investors to select a base. The characteristics of FOF's one-stop diversified allocation and secondary risk diversification are in line with the capital requirements for steady progress. Second, banking channels use FOF as a strategic product for wealth transformation, and vigorously channel it through customized FOF plans, becoming an important driving force behind it. In addition, public funds are paying more attention to FOF, increasing the inclination of investment and research resources, and centrally applying for new products seeking stability, such as debt-biased hybrid FOF. At the same time, policies and population aging trends are also driving the release of demand for pension FOF, further boosting the popularity of distribution.