As of Aug. 25 by subscription deadline, 130 publicly offered FOFs have launched
year-to-date, raising 129.36 bln subscription units — a new record. 2025’s
raised units were the second-highest on record, and YTD subscription units are
roughly double last year’s total. Supply remained active last week with three
new public FOF launches. Hybrid FOFs have delivered sustained gains, with top
products up over 40%, driving strong institutional allocation demand.