China's first MOM fund will be publicly issued from January 2th to February 3rd, 221. MOM means manager fund, which is similar to FOF, because both funds contain different assets, but there are still big differences between them. So what is the difference between MOM fund and FOF fund?

what is the difference between p>MOM fund and FOF fund?

the main difference is that the basis of asset allocation is different: MOM fund divides its own assets into several sub-funds, and then goes to the market to find investment consultants to manage these sub-funds, while the parent fund allocates funds according to the performance of different investors; FOF fund selects funds from existing fund wealth management products, and then manages the fund portfolio.

in addition, there are still these differences between MOM fund and FOF fund:

1. The rates are different. Because the manager of the FOF fund is also the buyer of the sub-fund, investors actually charge "double" when they buy the FOF fund, but the sub-fund of the MOM fund is generally carried out in the form of a virtual account, and this sub-fund will not be open to the public, so there will be no double charge.

2 second, the transparency is different. Since the managers of FOF funds are also buyers of sub-funds, the managers of FOF funds can only allocate the investment proportion of sub-funds, but generally have no right to know the detailed information of sub-funds, so it is difficult for FOF fund managers to observe the operation of their portfolios in real time, but MOM funds can observe the changes in the returns of portfolios in real time.