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What does fof fund mean? explanation of fof fund

1. FOF funds refer to combined funds.

2. fundoffunds (FOF), also known as funds in funds and parent funds, is a special kind of fund, which takes other funds as investment targets instead of directly investing in securities such as stocks and bonds. FOF can be divided into various types according to the different funds invested, including mutual fund FOF, hedge fund FOF and private equity fund FOF.