2026 FOF New Issuance Exceeds RMB 130 Billion, Setting Annual Record
As of early August, new issuance of fund of funds (FOF) products in 2026 had surpassed RMB 130 billion, setting a single-year fundraising record. The accelerated pace of new fund launches marks a peak issuance cycle. However, the industry shows structural divergence: while new products attract strong capital, existing FOFs face redemption and liquidation pressure, with some shrinking. Industry-wide growth coexists with individual fund exits, reflecting increasingly selective investor demand.
As of early August, new issuance of fund of funds (FOF) products this year had exceeded RMB 130 billion, setting a record high for single-year FOF fundraising. This milestone signals a peak issuance period for FOF products in 2026, with a notably faster pace of new fund raising.
Alongside the expansion in issuance, the FOF industry is witnessing structural divergence. New products are raising capital actively, but existing FOFs face redemption and liquidation pressure, with some products continuing to shrink in scale. The simultaneous growth of overall industry size and the exit of individual products reflects increasingly divergent market choices among FOF offerings.
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The event has a measured impact on 1 industry. The strongest current signal is mixed for Public Funds, with intensity 70/100 and 90% confidence over a short term horizon.
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