First Launch Scale Nearly 1.5 Billion Yuan! Vanguard Fund Welcomes Another Blockbuster FOF

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On March 13, the WanJia Run An Stable and Steady Three-Month Holding Period Hybrid FOF officially completed its fundraising. Industry insiders have learned that the fund’s initial launch size was nearly 1.5 billion yuan. The fund flow reflects that, in an environment of overall declining returns on wealth management products, FOF products with asset allocation and risk diversification functions are becoming increasingly attractive. Wind data shows that as of March 10, the total number of newly issued FOF products in the market reached 34, with a total fundraising amount of 48.03 billion yuan, representing year-on-year increases of 183.33% and 257.55%, respectively. The scale growth far exceeds the average level of public funds during the same period. Notably, WanJia QiTai Stable and Steady Three-Month Holding Period FOF, which also focuses on low-volatility fixed income +, is the first fund this year to be sold out in one day. (China Securities Journal Taurus)

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