TOF is a trust, and trust companies can still do it now.

TOF (trust in fund) products will become one of the important transformation directions. The clients of trust companies are mostly stable investors who pursue reasonable returns, and TOF is also expected to replace non-standard fixed-income products to some extent.

TOF's flexibility and dispersion make it highly matched with wealth management, and its underlying assets are rich, so it can meet the differentiated investment needs through different combinations.

from the perspective of investment scope and strategy, the negotiable instruments of trust FOF products are flexible and rich, which can span public and private fund products, but the investment strategy is not as diversified as that of securities companies' asset management FOF products, especially in the use of hedging instruments.

Therefore, the FOF products of trust companies need to pay more attention to flexible allocation strategy and diversified investment, and make a certain degree of timing.