On January 13th, CCB Fund announced that the preferred MOM of CCB Zhihui will be publicly issued from January 2th to February 3rd. This is the first MOM fund released in China's fund market. Many investors still don't understand the specific meaning of MOM when they see the relevant information, so what does it mean to publicly offer MOM?

what does the public offering of MOM mean?

public offering of MOM means manager fund among managers, and its full English name is ManagerofManagers. Public offering of MOM refers to setting up a parent fund and dividing the parent fund into multiple asset units, and screening fund managers or asset managers to manage these asset units by selecting the best ones, while MOM itself distributes assets through the performance of each fund manager.

speaking, the public offering of MOM and FOF funds are somewhat similar. FOF is a fund of funds, and a fund contains multiple funds. However, MOM is very different from FOF in operation:

1. The allocation target is different: MOM takes the fund manager as the target, and determines the weight of asset allocation through the performance of the fund manager; FOF, on the other hand, targets specific funds and allocates assets according to the performance of the funds.

2 Second, the investment strategy is different: MOM has a unified and coordinated whole, and the fund manager is responsible for dynamically balancing the portfolio, while the asset unit manager strives to output excess returns; The investment strategy of FOF has been worked out by the managers of the sub-funds, and then by the managers of the parent funds.

the emergence of p>MOM is actually a manifestation of the increasing demand in China's wealth management market, which reflects the demand of the wealth management market for high-quality fund managers. The launch of public offering of MOM business provides investors with a new tool for asset allocation. On the one hand, MOM business is conducive to giving full play to the investment advantages of various institutions, managing various assets and realizing diversified allocation; On the other hand, MOM business is conducive to improving investment income while realizing asset diversification.