Caitong Asset Management launched its first ETF-FOF (a fund-of-funds that primarily invests in ETFs). The product must allocate at least 80% of assets to public funds, and at least 80% of non-cash fund assets to ETFs. It is the third brokerage asset manager to issue an ETF-FOF after Guotai Haitong Asset Management and Bohai Huijin Asset Management in May. Issuers report positive market reception citing low volatility. As ETF and public-FOF market scale expanded, public ETF-FOF registrations resu

Caitong Asset Management launched its first ETF-FOF (a fund-of-funds that primarily invests in ETFs). The product must allocate at least 80% of assets to public funds, and at least 80% of non-cash fund assets to ETFs. It is the third brokerage asset manager to issue an ETF-FOF after Guotai Haitong Asset Management and Bohai Huijin Asset Management in May. Issuers report positive market reception citing low volatility. As ETF and public-FOF market scale expanded, public ETF-FOF registrations resumed in 2025; in just over a year the number of ETF-FOFs has surpassed 33 with AUM of 14.5 bln yuan. With the first active ETFs now established and the total ETF universe exceeding 1,700, ETF-FOFs may move from niche experiments to broader portfolio allocation tools.