"固收+"图鉴：哪一款才是你的菜？

Core Insights - The article discusses the rising popularity of "fixed income +" strategy products in the current market, driven by a strong stock market and a subdued bond market, highlighting their potential for enhanced returns while managing risks [1][3]. Summary by Sections What is "Fixed Income +" Strategy? - "Fixed income +" strategy products utilize a "core-satellite" investment approach, investing at least 80% in stable fixed income assets to secure steady returns, while allocating up to 20% in higher-risk assets to enhance overall returns [1][2]. Why Invest in "Fixed Income +" Products Now? 1. Addressing Low-Interest Environment: These products offer a way to seek higher returns in a persistently low-interest-rate environment by flexibly allocating various assets on a bond foundation [4]. 2. Seizing Market Opportunities: They provide a balance between offensive and defensive strategies, appealing to investors seeking higher returns without excessive volatility [5]. 3. Balancing Risk and Return: By diversifying across low-correlated assets, these products aim to mitigate risks and achieve stable long-term returns [6]. Representative "Fixed Income +" Products - Agricultural Bank's "Nongyin Jinqi·Lingdong 90-Day Dual Bond Enhanced Wealth Management Product": This product combines ordinary debt assets with convertible bonds, achieving a recent annualized return of 4.76% over one month, significantly outperforming its benchmark [6]. - China Merchants Bank's "Zhaoyin Wealth Management Zhaorui Zengtai 370-Day Holding Period No. 3": This product features a small allocation to a global commodity index, enhancing its strategy with diversified commodity investments [7][8]. - Ningbo Bank's "QinNing Individual Stock Selection Fixed Income Class Day Open No. 1": This product focuses on dynamic industry selection, achieving an annualized return of 6.84% since inception, with a significant increase in asset size [8]. Conclusion - The article suggests that investors should consider diversifying their portfolios by increasing allocations to "fixed income +" products to capture market opportunities and balance risks in a low-interest-rate environment [8].