FoF does not directly invest in stocks or bonds, and its investment scope is limited to other funds. Indirectly holding securities assets such as stocks and bonds by holding other securities investment funds. It is a new type of fund that combines fund product innovation and sales channel innovation.

Private FOF fund refers to the fund products invested in multiple private equity funds, which can also be configured in general, and the types of configuration are more abundant, because private equity funds can invest in stocks, bonds, equity, futures, options, works of art and other assets stipulated by law.