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中信证券:預計未來公募FOF市場將呈現結構性分化格局 資產配置能力將成為長期競爭的勝負手
人民財訊3月25日電,中信證券研報稱,2026年開年以來,公募FOF市場持續火熱,募集效率顯著提升,中信證券估算公募FOF規模已突破3000億元(截至2025/3/20)。資金端財富體量的增長與存款利率的下降,資產端債券YTM(到期收益率)的下降與多資產輪動的加劇,產品端業績的驗證與“重拾信任”的訴求,以及渠道端穩定負債的樞紐與財富管理生態的重塑,共同促成了公募FOF規模的顯著增長。展望來看,預計未來公募FOF市場將呈現結構性分化格局,資產配置能力將成為長期競爭的勝負手。