The Fund of Funds (FOF), lauded for its proficiency in asset allocation and fund selection, is frequently dubbed the 'pro fund investors' by the investment community. With the conclusion of the third-quarter fund report disclosures for 2025, the freshest investment inclinations of FOFs have come to light.

According to Wind data, the Hua'an Gold ETF stood out as the most widely held fund among FOFs at the close of the third quarter of 2025. When it comes to the market value of FOFs' significant holdings, bond ETFs also emerge as a major investment avenue. Bond ETFs like the Haitong Securities CSI Short-term Financing ETF, Ping An China Bond - Medium and High Grade Corporate Bond Spread Factor ETF, and Bosera SSE 30-Year Treasury Bond ETF feature prominently among the top in terms of the market value of FOFs' substantial holdings.

Several FOF fund managers have highlighted that the current valuation of the A-share market is at a historically neutral stance and still boasts advantages relative to other major global stock markets, presenting long-term investment potential. In terms of allocation strategies, sectors such as technology, gold, and new energy are garnering the attention of numerous fund managers.