Although Mom and FOF are multi-manager funds, Mom entrusts the fund assets to other fund managers for management. FOF takes the selected fund portfolio as the investment object, that is, MOM is the manager's fund, FOF is the fund in the fund, and FOF is the prototype of MOM model.

If investors don't know what the FOF fund means, Cai Xixin Finance has related articles to introduce the FOF fund and help you sort out the context through three main lines. FOF funds are launched to help fund investors identify funds, so as to achieve the effect of optimizing investment. There are five categories, see >. & gt& gt

2. The combined objects are different.

Mom combines high-quality fund managers, and FOF combines high-quality fund products. Specifically, MOM selects high-quality fund managers from the market to manage MOM funds, while FOF screens high-quality funds in the fund market.

3. The management fee is different.

The fund products invested by FOF in the existing market are prone to double charges, that is, the underlying fund charges once and the FOF charges again; Jiafeng Reid pointed out that under the MOM model, variable double fees are single fees, and MOM operates through special accounts and virtual sub-accounts, with low relative rates and good liquidity. The two types of fund managers in MOM enjoy management fees and performance commissions, which is also beneficial to investors.

4. Their operation and management modes are different.

FOF does not directly invest in stocks or bonds, and its investment scope is limited to other funds in the market. FOF has no new products, but invests directly in the target market. MOM can invest in the securities market by choosing the top private fund managers in the market, such as MOM's securities investment plan, investing in the securities market, or investing in other funds in the market, and through the innovative asset management model MOM, choosing the top private fund managers in the market and investing in the securities market.

5. Their investment strategies are different.

In terms of investment strategy, FOF puts asset allocation in an important position. The product manager is responsible for formulating the investment strategy of FOF at the whole product level, but the strategy specific to each fund is formulated by the fund manager himself. MOM, on the other hand, gives the employed fund managers more power and puts the fund manager configuration in a prominent position. Jiafeng Reid believes that the managers under the MOM model have stronger influence and control over investment strategy and risk control, because the managers of MOM products are responsible for formulating the overall investment strategy and risk control of products, and the selected high-quality fund managers are responsible for specific operations and implementation, which plays an auxiliary role.

6. Fund managers have different responsibilities.

The FOF fund manager is responsible for the decision-making of large-scale asset allocation and formulating the allocation ratio of funds in each asset fund; Select and purchase sub-funds that invest in various assets. Under MOM mode, its fund managers are responsible for the allocation of large-scale assets and the selection and distribution of fund assets to other employed fund managers, and at the same time, they supervise the subsequent performance of employed fund managers and make timely adjustments.

In a word, FOF and Mom are both portfolio investment products. Although there is a big difference between them, in Jiafeng Reid's view, if we can accurately grasp the market trend and allocate FOF and MOM fund products with the same style in the appropriate market, investors will get better annualized income beyond expectations for a long time.