债市反弹1个月，哪些纯固收产品成反弹先锋？丨评评“理”

Core Insights - The bond market has rebounded since October after adjustments in the third quarter, leading to a recovery in pure fixed-income wealth management products, with some achieving rapid net value growth [1][2] Group 1: Performance of Fixed-Income Products - The top-performing pure fixed-income products in the last month include "Zhaoyin Wealth Management Zhaorui Anyu (Heying) Fixed Income Plan A," which saw a monthly annualized return of 13.16%, despite a year-to-date annualized return of only 2.78% [2][3] - The fastest net value rebound was attributed to holdings in "bank perpetual bonds," which tend to be sold off during market adjustments but can rebound significantly when liquidity returns [3][4] Group 2: Characteristics of High-Performing Products - High-performing products generally have a bond holding ratio of over 60%, with some approaching 100% [5] - These products favor interest rate bonds, financial bonds, or urban investment bonds, with some also holding convertible bonds [6] Group 3: Risk and Evaluation Metrics - The "Minsheng Wealth Bamboo Pure Bond 182-Day Holding Period Product" has a maximum drawdown of 1.67%, indicating moderate risk control [4] - The evaluation of these products considers multiple dimensions, including yield performance, risk control, risk-adjusted returns, and overall fee rates, with a focus on maintaining a good growth momentum over time [6]