China’s multi-asset FOFs draw strong demand as nearly 50 launch in H2

The revival of multi-asset FOF issuance suggests Chinese allocators are repositioning for less directional markets after a stretch when single-direction trends punished diversification. The concentration of new filings and the queue for October point to a pipeline that could keep growing if the demand holds, though the article offers no detail on the underlying asset mix or whether these vehicles touch crypto or other alternative exposures. Whether the clustering reflects durable appetite or a temporary window is the open question.