公募固收+“搭桥”居民“存款搬家”有新路径

Group 1 - The article discusses the trend of "deposit migration" where residents are reallocating their savings from traditional bank deposits and wealth management products to equity assets through public "fixed income +" products [2][3] - According to Xingsheng Research, there has been a significant decrease in wealth management product scale this year compared to the same period last year, indicating a shift of funds towards equity assets, with a reported reduction of 1.1 trillion yuan in resident deposits in July [3] - The inflow of funds into the market through public funds has increased, with industry-themed ETFs seeing a net inflow of 23.8 billion yuan since June, becoming a key channel for resident funds entering the market [3] Group 2 - Public "fixed income +" products are seen as a viable option for investors with low risk tolerance to gradually transition towards equity assets, with over 90% of these products achieving profitability and an average return of 8.68% over the past year [4] - The demand for "fixed income +" products has surged across the industry, driven by significant channel needs, as indicated by a large fund company's market department [5] - The asset allocation strategies are evolving, with a focus on both top-down asset allocation and enhancing the client holding experience, as highlighted by HSBC Jintrust's fixed income investment director [6] Group 3 - There is a divergence in views among fund managers regarding the allocation of equity assets, with some planning to increase their allocation for greater investment flexibility while others prefer dynamic adjustment strategies [7] - Fund managers show a consensus on favorable sectors, with emerging consumption, food and beverage, and home appliances in the consumer sector being well-regarded, and a significant interest in innovative drugs within the pharmaceutical sector [7]