FOF explodes in popularity, banks also want to "create stars"

FOF is becoming a "hot cake" for fund companies and banking channels to layout wealth management, with frequent appearances of "sunlight funds" and early closure becoming the norm. On March 11th, the reporter noticed that several FOF products have recently been issued and sold out, with the market heating up. Meanwhile, China Merchants Bank, China Construction Bank, and Bank of China have successively launched exclusive FOF plans, collaborating with fund companies to create a one-stop asset allocation solution. In the view of analysts, in the current low interest rate environment and the migration of residents' wealth, banks vigorously developing FOF and other comprehensive wealth management businesses can help optimize income structure and strengthen intermediary business.