提前止盈！发生了什么

Core Viewpoint - Multiple dollar-denominated wealth management products have been terminated early due to achieving performance targets, raising questions about their future investment value. Despite this, market enthusiasm for dollar-denominated products remains high, with issuance volumes continuing to rise [1][4]. Group 1: Early Termination of Dollar Wealth Management Products - Several dollar-denominated wealth management products, including the "Zhaoyin Wealth Management Zhaorui Dollar Overseas QDII" product, have been terminated early after reaching their target annualized return of 4.2% within just 7 months, compared to an original plan of 18 months [2][3]. - The early termination of these products is seen as beneficial for banks, allowing investors to lock in profits and enhancing the banks' reputation for market analysis and asset allocation [3]. Group 2: Growth in Issuance of Dollar Wealth Management Products - Despite some products being terminated early, the issuance of dollar-denominated wealth management products continues to rise, with a total of 161 new products launched in June, marking a peak for the first half of the year [4]. - As of July 17, 2023, the total scale of dollar-denominated wealth management products has surpassed 500 billion RMB, indicating strong market demand [4]. Group 3: Investment Value and Market Outlook - In the short term, dollar-denominated wealth management products still offer attractive yields compared to RMB-denominated products, primarily due to high U.S. base interest rates [7]. - However, long-term investment value may decline due to increasing expectations of interest rate cuts by the Federal Reserve, which could lead to lower yields and potential currency depreciation risks [8].