In May 2026, major A-share indices have repeatedly reached new highs for the period, with market activity remaining consistently robust. However, the divergence between sectors and investment themes has significantly intensified, making "gaining on the index but not in profits" the reality for most investors. Traditional investment models reliant on one-sided bets and chasing rallies or selling in downturns are becoming increasingly unsustainable, driving a rapid rise in demand for stable, professional allocation tools.
Against this backdrop, the initial offering of the Fuguo Yinghe Youxuan 6-Month Holding Period Mixed FOF (Class A: 027119, Class C: 027120), which focuses on diversified assets and emphasizes balanced allocation, is nearing a successful conclusion. With an allocation philosophy aligned with industry trends and a clear product positioning, it offers a practical choice for ordinary investors to navigate the challenges of a diverging market.
**Diversified Allocation as a Solution: Finding "Gain" in a Diverging Market**
The current economy exhibits distinct structural characteristics. On one hand, the domestic economy is steadily recovering, with first-quarter GDP growing 5.0% year-on-year and industrial value-added showing positive growth. High-growth sectors like technology, advanced manufacturing, and new energy continue to lead. On the other hand, overseas geopolitical disturbances persist, international oil prices remain volatile at high levels, and inflation expectations linger, with external uncertainties continually affecting investor risk appetite.
Reflected in the markets, sector rotation in A-shares is accelerating, and hot spots are switching frequently. Ordinary investors, even if they correctly identified earlier trends, can easily see gains eroded by rapid changes. An increasing number of investors are realizing that choosing a scientific allocation method is more important than timing the market or picking sectors, and that diversification is more reliable than one-sided speculation.
Publicly offered FOFs, leveraging advantages like professional fund selection, secondary diversification, and dynamic portfolio adjustments, precisely meet this demand and have become an important tool for household asset allocation in volatile markets. The Fuguo Yinghe Youxuan FOF responds to these market environment changes, gaining broad recognition from distribution channels and investors with a practical, manageable, and sustainable allocation strategy.
The product is designed around a core "shield and spear" framework to build a balanced portfolio suited to the cycle. For its core defensive holdings, the FOF plans to select the best from bond funds with stable long-term performance and solid risk controls, building a volatility buffer from multiple dimensions including interest rate risk, credit risk, and return sources to provide a stable safety cushion for the portfolio. Building on this, it uses diversified assets as the "spear," flexibly allocating to A-share growth sectors, QDII funds, gold ETFs, and other instruments, achieving diversification across markets and asset classes to capture structural opportunities while hedging external risks.
This "offensive and defensive" structure allows the portfolio to effectively participate in gains during market rallies while demonstrating greater resilience during adjustments, helping investors navigate diverging markets more calmly and hold for the longer term more easily.
**Professional Research Support Enhances Investment Experience**
The value of diversified allocation relies on full-chain professional capability support. The Fuguo Yinghe Youxuan FOF leverages Fuguo Fund's 27 years of investment research experience, establishing a comprehensive system for fund screening, risk control, and portfolio management.
For bond-oriented funds, it employs a "three-dimensional integrated" evaluation system, rigorously selecting stable targets based on fund company, product performance, and fund manager dimensions. For equity-oriented funds, it implements a "quantitative + qualitative" dual screening process, using data for initial screening, research for verification, and dynamic tracking to build a core fund pool, achieving effective secondary diversification. On the risk control front, the product adopts a dual-track mechanism of "risk budgeting + deviation review," strictly controlling the portfolio's overall risk exposure to ensure operations consistently target stability.
The product is set to be managed by fund manager Shi Jing, who has 19 years of securities industry experience and 7 years of public FOF management experience. She has long focused on the field of major asset allocation, maintaining a stable style while emphasizing investor holding experience. As of May 25, the Fuguo Zhishen Jingxuan 3-Month Holding Period Mixed FOF (FOF) A, managed by Shi Jing, achieved a net value growth rate of 44.82% over the past three years, outperforming its benchmark by 23.83%.
Furthermore, the 6-month holding period design further reduces operational difficulty. It helps investors avoid the buy-high-sell-low behavior triggered by short-term volatility, guiding a long-term investment philosophy. It also allows the fund manager to operate free from short-term redemption pressures, enabling more deliberate execution of long-term allocation strategies and better capture of asset rotation rhythms. For ordinary investors who lack the time for research or the energy for market timing, this product may achieve the goal of "leaving professional matters to professionals."
In an environment of intensifying sector divergence and structurally concentrated profit effects, the fundraising situation of the Fuguo Yinghe Youxuan FOF reaffirms a trend: investment is shifting back from "comparing boldness" to "comparing allocation," and from "chasing hot spots" to "valuing stability."