[Enrich underlying investment tools, public equity allocation is ready to go] October 15th, the craze for multi-asset allocation of public funds is becoming more and more vigorous. Recently, the China Securities Regulatory Commission publicly solicited opinions on the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comment)" and supporting rules. Among them, a number of loosening clauses around the scope of fund investment have attracted industry attention, such as the upper limit of the proportion of non-FOF products investing in other funds is planned to be raised from 10% to 30%, and FOF is allowed to invest in ETF feeder funds. In addition, the threshold for establishing FOF is planned to be lowered to 50 million yuan. According to industry insiders, this is a set of loosening terms "tailor-made" for asset allocation products, which will further broaden the strategic space of related products and improve the allocation efficiency of fund portfolios. In the future, public funds will place more emphasis on multi-asset portfolio management capabilities, and FOF and "fixed income +" products that naturally have asset allocation attributes will be an important direction for competition among public funds. (China Securities Journal)