R1 理财收益跌破 2%！净值化转型下，普通人的钱该放哪？

Core Insights - The financial market is experiencing a significant shift, with traditional low-risk investment products like R1-level wealth management products seeing a decline in annualized returns from 2.1% to 1.9% in a short period, indicating a broader trend of decreasing yields in the market [2] - The majority of wealth management products (over 98%) are now net value-based, meaning they can no longer guarantee fixed returns, reflecting a transition in the industry towards market-driven performance [2] - The bond market's volatility is impacting the returns of seemingly safe fixed-income products, leading to instances where investors have experienced losses in principal [2] Industry Dynamics - Wealth management companies are increasingly dominating the market, while traditional banks are seeing a reduction in their share of wealth management products, influenced by regulatory pressures on smaller banks to decrease their wealth management scale [3] - The industry is shifting towards equity markets to enhance returns, with products like "fixed income plus" and index-based products becoming more prevalent, which complicates investment decisions for average consumers who prefer stability [3] - Investor education initiatives are being implemented to help consumers understand net value fluctuations, but many still prefer the security of fixed returns, highlighting a disconnect between industry trends and consumer preferences [3][4] Market Outlook - Experts predict that the market may improve by 2025, but this outlook feels distant for current investors who are reluctant to take on high risks while facing diminishing returns [4] - New wealth management products being marketed as "stable low volatility" are offering expected returns around 2.3%, but without guarantees, leaving investors uncertain about their choices [4]