A: It refers to a publicly raised securities investment fund that aims at pursuing the long-term stable appreciation of pension assets, encourages investors to hold them for a long time, adopts a mature asset allocation strategy, and reasonably controls the risk of portfolio fluctuation.

2. What are the main forms of pension funds?

A: At present, funds in funds (FOF) are mainly used. The funds raised are mainly invested in fund products, and excess returns are earned through fund selection and large-scale asset allocation. FOF (Fund in Fund) is a fund that invests in other investment funds. Generally speaking, FOF does not directly invest in stocks or bonds, and its investment scope is limited to other funds and a small amount of liquid assets. It indirectly holds securities assets such as stocks and bonds by holding other securities investment funds.

3. What investment strategy does the pension fund mainly adopt?

A: There are two main investment strategies: target date strategy and target risk strategy, which are divided into pension target date fund and pension target risk fund.