Start the new engine for profit growth. Public funds will advance into the "high ground" of multi-asset strategies.

Against the backdrop of overall fee reduction in the public offering industry, in order to balance the operating pressure of public offering fund companies, investment strategies are becoming more diverse, fee structures are more flexible, and specialized services targeting high-net-worth clients are gradually shifting from a relatively marginal supplementary role to a more strategic position. In an increasingly changing market environment, to meet the diversified and stable value-added needs of high-net-worth clients, strategies such as "fixed income +", FOF, and quantitative strategies focusing on drawdown control and absolute returns have become the mainstream development direction of public offering specialized services. Some public offering institutions have revitalized their long-dormant specialized services by focusing on FOF. Due to the elastic fee structure of specialized products using "management fee + performance fee", and with clients having stronger risk tolerance and longer holding periods, when the profits of public offering businesses are under pressure due to fee reductions, the performance generated by specialized services is gradually becoming an important source of incremental profits. How to fully leverage the profit growth engine of specialized services, not only requires enhancing customization and innovation capabilities on the investment side, but also establishing a more refined customer segmentation service system on the sales side, providing comprehensive services including asset allocation, regular reviews, and investment education communication.